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

Volkswagen CEO apologizes for cheating on US auto emissions tests

Volkswagen CEO Martin Winterkorn has apologized for manipulating US diesel emissions tests.…

Deutsche Welle

SECON launches 3 projects at Cityscape

Company announced its development of three real estate projects covering 100 acres,…

Rana Yehia

Lifting sanctions on Iran puts pressure on Arab oil producing states

2m barrels of crude oil daily surplus between world production and consumption

Rana Yehia

SODIC wins 31 feddans land plot in 6th of October City 

Total cost of land amounts to EGP 211m, to be paid over…

Menna Samir

Misr Italia to establish 500 acre residential project in 6th of October City

Project will include administrative and commercial projects

Doaa Farid

Egypt main contributor of Afreximbank with $500m

Mubarak was the only African president who encouraged the establishment of such…

Shaimaa Al-Aees

Tourism Ministry to undertake promotional campaign in Netherlands, Belgium

Campaign will meet major media in both countries, while preparations are undertaken…

Abdel Razek Al-Shuwekhi

Instability, lack of adequate support behind Salem’s resignation from TE

I preferred to leave the scene, and my resignation was submitted two…

Daily News Egypt

Expanding private sector participation beneficiary for national grid: Electricity minister

Minister met with sector leaders to follow-up on latest developments in transmission,…

Daily News Egypt

Bitcoin: ‘Islamic State’s online currency venture

Between Bitcoin and gold, the "Islamic State" is experimenting with currency, marking…

Deutsche Welle