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

Egypt targets 5.2% to 5.4% economic growth next fiscal year, planning minister tells S&P

Egypt is targeting an economic growth rate of between 5.2% and 5.4%…

Daily News Egypt

Sovereign Fund of Egypt launches EGP 10bn industrial sub-fund, minister tells S&P

The Sovereign Fund of Egypt has launched a sub-fund for industrial investment…

Daily News Egypt

Egypt to restructure Sovereign Fund’s role to attract private investment: Minister

Egypt is developing a new operating model for The Sovereign Fund of…

Daily News Egypt

Egypt to launch World Bank-partnered FDI strategy targeting 16 priority sectors

Egypt will shortly launch a foreign direct investment (FDI) strategy in partnership…

Daily News Egypt

Egypt’s gold exports fall 44% in seven months amid stronger local demand, flight disruptions

Egypt’s gold and gold jewellery exports declined during the first seven months…

Daily News Egypt

Unilever Egypt opens 13th production line at Mashreq personal care plant

Egypt’s Minister of Industry Khaled Hashem inaugurated a new production line at…

Daily News Egypt

ABE financing grows 25% in six months, loan portfolio exceeds EGP 110bn: CEO

Mohamed Abu El-Saud, CEO of the Agricultural Bank of Egypt (ABE), said…

Daily News Egypt

CIB extends $80m medium-term financing for Eroglu Knitting expansion in Egypt

Commercial International Bank (CIB), Egypt’s leading private-sector bank, has signed a financing…

Daily News Egypt

CBE lowers inflation forecasts, keeps key rates unchanged

The Central Bank of Egypt (CBE) has lowered its inflation forecasts, expecting…

Hossam Mounir

CBE to decide on EGP interest rates Thursday amid expectations of fifth consecutive hold

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) will hold…

Hossam Mounir