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

Inflation rate rose by 0.7% in October

Higher energy prices may be driving inflation, says former IMF assistant

Menna Samir

Kuwaiti investors threaten Egypt with lawsuit over land, accuse government of “lack of seriousness”

Dispute frustrates efforts to revive confidence in the economy, says lawyer Hany…

Mohamed Ayyad

Phase one of Safaga Port starts, costs set at EGP 2.5m: Cabinet spokesperson

PPP approves construction for Smouha Maternity University Hospital

Mohamed Ayyad

Postponement of Economic Summit met with conflicting reactions

Cairo University economics professor says instability of Gulf stock markets might be…

Doaa Farid

Shell will not proceed with deep water research, exploration in Egypt

Shell and Apache to conduct experiments on shale gas production in the…

Mohamed Adel

Orascom Construction to launch IPO in February: Nassef Sawiris

Company won international arbitration case against petroleum ministry but decided not to…

Sara Aggour

UAE’s Aabar acquires 5.1% stake in Palm Hills Development

Deal reflects Egyptian real estate sector’s ability to attract regional and international…

Doaa Farid

Tourist occupancies in Sharm El-Sheikh stable this week: Hotels Chamber

Occupancy rates remain at 55% despite October bombing in North Sinai

Abdel Razek Al-Shuwekhi

Overall budget deficit declines to 12.8% during FY 2013/2014: Finance minister

Budget deficit compensated by EGP 95.8bn oil aid, EGP 21.5m monetary aid…

Abdel Razek Al-Shuwekhi

Government postpones Economic Summit to avoid Chinese New Year

Dispute surrounding Kuwaiti grant valuing $1bn, Ministry of Finance confirms its arrival,…

Abdel Razek Al-Shuwekhi