Latest Business News
25.4% decline in automotive sales over past 10 months
Sales of passenger cars declined by 24.1%, buses by 31.8%, and trucks…
Amendments to draft financial leasing law enables leasing of assets for consumption purposes
The law will be submitted to the cabinet within days, said Sami
FA Group Financial Consulting contracts with Prospect Capital to promote and fund projects in health, education and energy in Egypt
The Egyptian Financial Advisory Group (FA Group) signed a memorandum of understanding…
Electricity Ministry negotiates with 7 companies to provide 250,000 smart electricity metres
The chosen companies are expected to be announced by the end of…
Health Ministry, pharmaceutical companies agree to increase prices of 15% of local, 20% of imported medications
The increases will be 50% on medications priced less than EGP 50,…
8.4% increase in manufacturing index during October: CAPMAS
The manufacturing index (without crude oil and petroleum products) increased to 128.7…
Egypt to receive 2nd tranche of African Development Bank loan
On Monday, the Minister of International Cooperation Sahar Nasr signed an agreement…
Electrolux Egypt raised prices by 20-25% after flotation
Local components in heaters increased from 70% to 90%
US dollar surpasses EGP 19 at CBE to hit highest rates since flotation
The US dollar price at the Central Bank of Egypt (CBE) and…