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

GB Auto business unlikely to be impacted by VAT: Ghabbour

Banks allocated just 5% of foreign exchange for company’s needs during Q2,…

Mohamed Ahmed

A.T. Lease plans to re-offer shares in EGX during Q4 of 2016

The company was granted a three-month period for its offerings, due to…

Mohamed Ahmed

NAT assigns Systra to consult on third phase of Cairo Metro line 3

The authority rejected the financial offer made by Dar Al-Handasah

Mohamed Alaa El-Din

284 ships transit Suez Canal carrying 14.34m tonnes in past 6 days

Suez Canal traffic data showed that 284 ships transited the canal, with…

Mohamed Ahmed

Mansoura Poultry freezes EGP 80m investments in Suez Canal Area

The company attributed the decision to the slow steps the government has…

Mohamed Ahmed

VW reaches tentative deal to compensate US dealerships

The embattled carmaker has reached an 'agreement in principle' to compensate its…

Deutsche Welle

EFG Hermes will acquire 51% of Pakistan’s Invest & Finance Securities Limited

This comes in line with the EGG Hermes’s strategy of transforming into…

Mohamed Samir

Cabinet accepts Minister of Supply’s resignation

Reports about a limited cabinet reshuffle next week allegedly include the ministers…

Mohamed Ayyad

WhatsApp to share users’ phone numbers with Facebook

The instant messaging app has updated its privacy policy, allowing owner Facebook…

Deutsche Welle

Orascom Telecom announces EGP 44m losses during Q2 2016

The company reported a 56.3% increase in revenues during the second quarter…

Mohamed Samir