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

Train of tax reform stops in the middle of the trip

Intense focus on the issues associated with the programme presented to the…

Ahmed Farahat

Government shrinks role of private sector, relies on itself to reform economy

Decline in private investments to 51% in the reform programme; government controls…

Asmaa Nabil

Germany’s Commerzbank facing massive job cuts

Media reports have suggested that Germany's Commerzbank will have to slash thousands…

Deutsche Welle

Government able to achieve targeted budget deficit: El-Garhy

We have not studied cancelling the tax on treasury bills and bonds…

Ahmed Farahat

The CBE’s strategy to encircle imports failed to save dollars

Egypt’s economy is linked to a number of imported raw materials, says…

El Husseiny Hassan

Cost of government debt threatens economic reform programmes

The government successfully controls the subsidies and salaries bills, but fails to…

Ahmed Farahat

CBE ignores increasing inflation, keeps interest rate unchanged contrary to expectations

With this decision, the interest rate on deposit remains at 11.75% and…

Hossam Mounir

Bank credit facilities increase by EGP 224.7bn over FY 2015/2016: CBE

Private sector accounts for 59.8% of the credit facilities, while industry leads…

Hossam Mounir

Tecno Mobile launches new smartphone awareness campaign

The campaign explains the functions and details of different smartphone features and…

Daily News Egypt

Egypt’s mobile operators decline 4G licence

Egypt’s government will launch an international tender in case locally operating companies…

Mohamed Samir