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

Rasmala Group’s AUM stood at $1.1bn in December 2015: group chief executive

Rasmala to expand real estate business in the Middle East and other…

Mohamed Ahmed

Siemens to select company for design, construction of turbine plant in Ain Sokhna

In June, Siemens signed agreements worth €8bn for high-efficiency natural gas-fired power…

Shaimaa Al-Aees

Saturation of real estate market unlikely in coming years: Colliers International

Egypt’s mortgage finance remains so insignificantly small at the moment, it does…

Shaimaa Al-Aees

Hyde Park Properties targets EGP 3bn in sales by end of 2017

The company’s administrative units project covers 500,000 sqm; its first phase will…

Shaimaa Al-Aees

Egypt needs regulations to become more business-friendly: IFC regional director

In 2016, the IFC invested a total of $352m in 7 projects…

Shaimaa Al-Aees

World Bank, government discuss second tranche of $3bn loan

The World Bank expects 5.5% growth in Egypt in FY 2019

Shaimaa Al-Aees

2017 to witness start of Suez Canal logistics projects implementation: Mamish

Tender to be launched for selection of global consulting firm to review…

Mohamed Ahmed

Next year’s challenges include securing energy sources, institutional reform, governance of companies: Electricity Minister

Production, transmission, and distribution project until 2018 to cost over EGP 136.4bn

Mohamed Farag

Loans will not create a burden, but will improve the lives of Egyptians: International Cooperation Minister

Revolutions begin with an economic slowdown, then comes development and recovery to…

Mohamed Ayyad