Latest Business News
Government prepares new economic stimulus package: Finance Ministry
The new package aims to revitalise and expand the activities of the…
EGPC tracking distribution of fuel through GPS to prevent smuggling
EGPC's inability to follow-up on the fuel distribution process made it face…
High occupancy in Red Sea and South Sinai pre-Eid Al-Fitr: Hotels Chamber
Occupancies in the Red Sea increased to 70% and South Sinai to…
Rise of interest rate to have limited effect on stock market: Experts
Economic experts give different reasons for the limited impact of the interest…
7 banks raise interest rates on deposits after Central Bank decision
A recent CBE decision saw an increase in the benchmark overnight deposit…
National Bank of Egypt, Banque du Caire, and Banque Misr increase returns on savings certificates
A number of government banks raise returns on savings certificates to attract…
Egyptian banks show ‘impressive growth’ but fall short in Tier 1 capital: The Banker’s report
Tier 1 capital, a core measure of a bank’s financial strength, of…
Electronic payments benefit people excluded from formal financial services: MasterCard Country Manager
In an exclusive interview with the Daily News Egypt, Magdy Hassan, Country…
Delay in imports of gas for electricity threatens the industrial sector in Egypt
EGAS stopped pumping gas to MOPCO, EFC, and EBIC factories; reduction of…