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

50 Italian companies to hold investment talks in Egypt in February: Italian ambassador

Embassy preparing logistics investment meeting in Alexandria during December with Italian and…

Mohamed Ayyad

$1.1bn decrease in foreign reserves from October to November: CBE

Decline mainly due to the repayment of accrued deposits to Qatar, claims…

Menna Samir

Government delivered only 57 units from its 1m residential-unit project: EIPR study

Allocation for the project in FY 2014/15 state budget amounts to EGP…

Doaa Farid

Kellogg’s offers EGP 945m for 51% of BiscoMisr

US-based frim will develop the company and launch its products on international…

Abdel Razek Al-Shuwekhi

Technoment to begin construction of Aswan fertiliser factory by end of 2014

Italian firm will also partner with KIMA to upgrade facilities to work…

Shaimaa Al-Aees

New licences will not boost steel and cement production due to energy shortages: manufacturers

Energy supply does not match targeted output, claims steel and cement companies

Mohamed Ayyad

“Significant progress” made in solving NUBASEED dispute: Saudi investor

Chairman of Saudi-Egyptian Businessmen Association says move will increase future Saudi investments…

Doaa Farid

Kuwaiti fund loans Egypt $102m for power station

Another contract worth about $3m was signed with the fund to finance…

Menna Samir

Saudi Shaheen Group invests EGP 500m in Egypt

Group Chairman says these investments will be directed to agricultural and solar…

Doaa Farid

Banks to begin paying returns for Suez Canal certificates Sunday

The value of the first instalment is estimated to be approximately EGP…

Daily News Egypt