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

Arabtec denies plans to acquire Kuwait’s Kharafi National

Reuters - Dubai builder Arabtec on Wednesday denied that it planned to…

Daily News Egypt

Smartphones dissect lives of navel-gazing owners

Research house Canalys predicts sales of connected bracelets and watches will surge…

Daily News Egypt

Banking outlook remains negative, unchanged since 2011: Moody’s

Government continues to rely on local banks to fill funding gap in…

Sara Aggour

IFC exploring alternative energy, infrastructure projects in Egypt

Diversifying energy sources is crucial to achieving economic development, IFC vice president…

Doaa Farid

Government aiming to boost public awareness of energy subsidies issue

“The next government will not be able to cut energy subsidies, nor…

Doaa Farid

EGP 2.38bn to be allocated from budget ‘to supply necessary goods’ to citizens: Galal

Oil sector will receive EGP1.106bn, ministry says in an official statement

Sara Aggour

Moody’s says Egypt banking sector outlook still negative

Moody’s cited “banks’ high and increasing exposure to Caa1-rated Egyptian government debt”,…

Daily News Egypt

Finance minister provides Public Transport Authority with EGP 15.2m

Allocated finances aim to enhance authority’s liquidity and support services offered to…

Sara Aggour

Dodgy data obscures reality of Gulf’s economic boom

Reuters – Saudi Arabia’s economy chugged along at modest annual growth rates…

Daily News Egypt

Arab Contractors net profits down 33.3% year on year

Net profits register EGP 336m in FY 2012/2013, compared to EGP 505m…

Doaa Farid