Latest Business News
Egyptian renewable energy disinvestment over price and arbitration disagreements
The government’s plans to develop renewable energy is to blame for mismanagement…
DPI acquires 33.3% of B.TECH, worth $35m
EFG Hermes acted as an advisor to the deal between DPI and…
Internet market attracts 200,000 new customers in April 2016
Slight decline in number of subscribers, says Ministry of Communications
Egypt to sign contracts in 3 months for shares of state-owned banks, oil companies on EGX
The IPO programme will span 5 years and priority is given to…
Brexit dominates G20 finance summit in China
Britain's decision to leave the EU could have global consequences, G20 finance…
Orange Egypt net losses decrease by 63.3% in 2016
Orange Egypt's consolidated financial results showed a decrease of 63.3%…
€390m revenues of Vodafone Egypt in Q4 of FY 2015/2016
Average revenues of Vodafone Egypt customers reached EGP 28.3 monthly
Hike of US dollar strengthens currencies against Egyptian pound
Pound sterling jumps to EGP 16 and euro to EGP 13, while…
Banks obtained $26.8bn from the CBE to finance importing basic commodities from 30 December 2012 until 19 July 2016: CBE
The CBE held 462 regular auctions to sell $19.382bn as well as…
How can Al-Sisi fulfil his promise to solve the US dollar shortage in 170 days?
Stability of the foreign exchange market requires the government and the CBE…