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

Public banks stop selling their 15% interest certificates on Sunday

The three state-owned banks have begun offering these certificates in mid-March 2016

Hossam Mounir

331 ships transit Suez Canal carrying 19.2m tonnes last week

An average of 47.3 ships transited the canal per day during that…

Mohamed Ahmed

EGX’s technological infrastructure development plan begins with establishment of first modern data centre

New disaster recovery building to be built in Fifth Settlement as part…

Mohamed Ahmed

High demand for high-quality commercial real estate in Egypt

Pyramids Heights, Smart City and Cairo Festival City (CFC) are successful schemes…

Shaimaa Al-Aees

Orascom seeks to complete acquisition of CI Capital

Orascom has not yet reached the reconciliation phase

Mohamed Ahmed

El Mostakbal to meet real estate developers to answer inquiries on upcoming bid

The meeting will be held for the purpose of responding to the…

Daily News Egypt

242 private companies participate in first phase of social housing project

If companies refrain from buying lands in the NUCA's auctions, the ministry…

Shaimaa Al-Aees

Global telecom expects 4G licences in Algeria before end of Q2

Global Telecom recorded net profits of $87.5m during Q1 of 2016, compared…

Mohamed Ahmed

Parliament to discuss land, units allocation proposal law

The Ministry of Housing's policies have rendered the price per square meter…

Shaimaa Al-Aees

TECNO Mobile pursues expansion in South American, Indian, Chinese markets

Smart phone sales record 40% annual growth, says MENA business development manager

Mohamed Alaa El-Din