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

Will licensed internet connections eliminate cheaper, unlicensed ones?

Ministry of Communications to distribute internet services across provinces and in villages,…

Mohamed Alaa El-Din

Egypt ranks 15th in internet speed among Arab countries

Average broadband speed is 0.95 mb/sec, Jordan and Djibouti rank ahead of…

Mohamed Alaa El-Din

Egypt, Bahrain sign 11 MOU in various fields

Egypt presents its mega-development projects to attract Bahraini investments

Daily News Egypt

CBE grants banks $118.7m, returns to quota in Tuesday’s auction

Banks were granted this amount at a price of EGP8.78 to the…

Hossam Mounir

Meetings to determine fate of closed companies, restore stability to exchange market

CBE signed a penalty on the violating companies, which are ready to…

Hossam Mounir

Egypt attempts to contain repercussions of pound’s devaluation on food commodities

Armed forces will secure commodities for citizens at prices 50% less than…

Mohamed Ayyad

Parliament’s Industry Committee to reduce government oversight to stimulate sector

The parliamentary committee will summon ministers of industry, investment, and environment to…

Abdel Razek Al-Shuwekhi

Steep decline expected in dollar exchange rate on informal market Tuesday

Importers stopped buying dollars and the dollar’s valye will decline by EGP…

Hossam Mounir

Sinai Development Agency invested EGP3.8bn in H1 FY 2015/2016

Egypt proposed $1.5bn worth of development projects in Sinai to Arab financial…

Daily News Egypt

CBE poised to lift interest on pound

The Monetary Policy Committee is holding its third meeting this year on…

Hossam Mounir