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

VAT is essential for state revenues

90% of food commodities are VAT-exempted, according to Finance Ministry

Daily News Egypt

Monsanto rejects Bayer’s newest takeover bid

Monsanto has rejected a second takeover bid from Bayer, calling it "insufficient",…

Deutsche Welle

Should I go? The impact of government advisories for travelers to Europe

Countries worldwide are urging their citizens travelling to Europe to be vigilant…

Deutsche Welle

IMF slashes global growth forecast on Brexit uncertainty

Britain's upcoming departure from the European Union has prompted the International Monetary…

Deutsche Welle

Turkish central bank cuts rates after failed coup

Turkish stocks and the lira have remained under selling pressure after a…

Deutsche Welle

Eni and BP find 700bn feet of gas in south Baltim reservoir

Drilling the first well is completed at 4,000 metres depth, says source

Mohamed Adel

CBE stabilises Egyptian pound against the US dollar at EGP 8.78

The CBE sold roughly $118.6bn to the banks through its tender.

Hossam Mounir

Public sector carries out construction worth EGP 20.6bn in 2014/2015: CAPMAS

The construction operations of the public sector increased by 31.3% from fiscal…

Hossam Mounir