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

Expected VAT proceedings set at EGP 20-22bn by end of this fiscal year: ETA Head

Head of the Egyptian Tax Authority, Abdel Moniem Matar, said that proceedings…

Hossam Mounir

No intention to ban imports of finished goods: trade and industry minister

Media reports claim the government is considering banning the import of 15…

Shaimaa Al-Aees

CBE fixes pound’s price against US dollar on Tuesday, market still awaiting devaluation

Possibility of launching exceptional auction completed ruled out for now, as the…

Hossam Mounir

Ghabbour Auto inaugurates Margham centre in Alexandria with investments worth EGP 100m

GB Auto has inaugurated a new centre, called Margham, on an area…

Ahmed Dawoud

Mercedes-Benz awaits new automotive strategy to reconsider local assembly: Zorn

Owners of Mercedes can enter authorised service centres at any time, says…

Mohamed Aboul-Fotouh

Egypt’s tourism poised for recovery: Colliers International

Owing to market reorientation strategies, Egypt, the United Arab Emirates, and Saudi…

Daily News Egypt

Aramco oil deal with Egypt still on, suspension of October shipments ‘exceptional’

Aramco informed EGPC of its inability to supply Egypt with shipments of…

Mohamed Ayyad

Egypt importing meat, poultry from Russia is a political step

Brazil has best quality at best prices; Russia cannot export a commodity it…

Hisham Salah

Madinet Nasr Housing & Development reports 787% growth in sales for September

Inflation, devaluation, and lack of alternative options make real estate in Egypt…

Nicholas Mehling