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

Cloaks and dollars: World Bank’s $1bn, VAT, and misalignment within government

An attempt to provide an account of the brief history of the…

Doaa Farid

We are at the end of the economic road: El-Erian

Egypt risks falling into trap of relying too much on central bank,…

Sara Aggour

5 years imprisonment and fine of $250,000 for FATCA law evaders: USFAAF

7 million US citizens outside the US are liable if their bank…

Hossam Mounir

Inauguration of East Port Said Port

The new canal aims to allow larger ships in and out of…

Daily News Egypt

Banking sector allocates EGP 10bn for Housing Ministry to build 450,000 housing units: Amer

About 90% of national output in advanced societies is based on small…

Hossam Mounir

EFG Hermes acquires 76.7% stake in Tanmeyah Microfinance in EGP 345m transaction from Qalaa Holding

Tanmeyah had EGP 509m in outstanding loans to 108,000 active borrowers at…

Shaimaa Al-Aees

Government to contract foreign companies to increase energy yield

The Ministry of Electricity and Renewable Energy is pursuing contracts worth $7.5bn…

Mohamed Farag

CBE decides to defer tourism sector debts to banks for 3 years

CBE will create unit to contribute to restructure the debts of tourism…

Hossam Mounir