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

Road accidents cost an estimated EGP 30.2bn in 2015: CAPMAS

The estimated value of the minimum economic cost of road accidents in…

Hossam Mounir

Treasury bond balance increases by EGP 5.1bn at end of July: Finance Ministry

The Ministry of Finance has announced that the government’s outstanding balance in…

Hossam Mounir

VW hopes for breakthrough in row with suppliers

German carmaker Volkswagen has confirmed it'll hold more talks with two suppliers…

Deutsche Welle

PACT Real Estate secures construction contracts worth EGP 320m in 2016 for White Bay project

The company has allocated an investment worth EGP 300bn for the on-site…

Shaimaa Al-Aees

Ministries of military production, housing sign protocol for smart water meters

Imported water meters cost $90-$100, says minister of housing

Shaimaa Al-Aees

Universal Group launches new EGP 130m factory for home appliance moulds

Universal export 60% of their products, representing 30% of the total Egyptian…

Daily News Egypt

Parliament’s Budget Committee leaves VAT rate to the public session

Parliament’s Budget and Planning Committee has decided to leave setting a value-added…

Abdel Razek Al-Shuwekhi

Apache plans to increase its investments in Egypt’s petroleum explorations sector: cabinet

The government is providing new areas for international companies to increase their…

Mohamed Ayyad

Parliamentary committees approve PBDAC Act, transfer of its ownership to the CBE

We are awaiting the final vote; this move would restore the bank's…

Hossam Mounir