Business

Find the latest business news on Egypt’s stock market, banking, investments, tourism, automotive, international business, technology, interest rates, currencies and funds.
Latest Business News

Egyptian bankcards used to complete $2.5bn worth of transactions abroad in FY 2015/2016

Banks have received clear instructions to suspend cards that are being misused,…

Hossam Mounir

Banque Misr requires customers to provide travel documents to use cards abroad

These new controls are designed to prevent cards abuse, says bank chairperson

Hossam Mounir

Remainder of $6bn in additional funds to be secured in 2 weeks to guarantee IMF loan: El-Garhy

Minister of Finance Amr El-Garhy announced on Monday that Egypt will secure…

Daily News Egypt

Vodafone submits 50% of 4G licence payment

The company sent a cheque for EGP 1.53bn to NTRA

Mohamed Alaa El-Din

Automotive market fails to control prices of 165 car models in October

A new wave of price increases for 165 car models from different…

Ahmed Amer

Mondelez Egypt Foods reaches sales worth EGP 1.4bn in 9 months

Mondelez Egypt Foods reached sales worth $1.4bn during the first nine months…

Samira Saeed

Corona targets EGP 20m exports in 2017

Corona aims to increase its exports in 2017 to reach EGP 20m,…

Basma Tharwat

We aim to increase sales by 20% in 2016: Domty chairperson

The company intends to inject EGP 200m worth of new investments in…

Samira Saeed

BP produces 650m cubic feet from Taurus and Libra fields

BP agreement with Royal Dutch Shell will see gas produced from North…

Mohamed Adel

Mobile operators compete to launch 4G services

Egypt's mobile phone operators are expected to launch 4G services within a…

Mohamed Alaa El-Din