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

Sabaa Pharmaceuticals spends EGP 15m from benevolent loan to stimulate production

Sabaa announced in May 2014 that senior shareholders planned to lend it…

Mohamed Ahmed

70% decrease in production capacity due to energy and clinker shortage at Alexandria Portland Cement

Alexandria Portland Cement owns three production lines: one line in Alexandria with…

Mohamed Ahmed

Financial Brokerage Group tops brokerage firms in H1/2016 with 9.5% market share

The Commercial International Brokerage Company (CIBC) came in second place through executing…

Mohamed Ahmed

EGX expects to move between 6,900 and 6,990 points during Sunday trading

The EGX closed on Thursday at 6,942.52 points, with a 0.15% increase.

Mohamed Ahmed

Foreign investors register net purchases of EGP 2.137bn on EGX over 3 months

EFSA receives 103 new complaints against financial supervisory agencies and solves 106…

Mohamed Ahmed

263 ships transit the Suez Canal carrying 15.94m tonnes in 6 days

An average of 43.8 ships transited the canal per day during that…

Mohamed Ahmed

Parliament’s Agriculture Committee calls armed forces to take sovereignty over silos

Parliament threatens to withdraw confidence from Supply Minister if violations are proven

Banks ignore CBE’s interest rate increase

CBE will not keep current rates and may be reversed in three…

Hossam Mounir

1.7% increase in number of jetties in Damietta port in May

The port received 233 ships, with a 47.4% decline in the number…

Mohamed Alaa El-Din