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

Electricity ministry imports 2.4m light bulbs inconsistent with electricity network: Official

Part of tender to import 10m energy-saving LED light bulbs to reduce…

Abdel Razek Al-Shuwekhi

Egypt’s exports to Nile basin countries surges by 15%, imports slide by 0.4%: CAPMAS

Sudan is highest importer from Egypt, while Kenya is highest exporter to…

Sara Aggour

General Electric wins contract to supply 200 overland pumps for BAPETCO

GE has also launched several major projects to generate power

Mohamed Adel

Government considers offering international tender for Maspero development

Coordination to take place between residents, government, and investors

Mohamed Ayyad

Personal savings dominate Suez Canal certificates’ purchases: Baseera

42% used money kept at home, 38% used bank savings, 13% used…

Sara Aggour

Eastern Europe leads tourism exports to Egypt during first half of 2014: CAPMAS

1.9 million Eastern European tourists visited Egypt during first half of year

Abdel Razek Al-Shuwekhi

CBE regulates 20m electronic payment cards: Head of CBE payment systems

Electronic payments market in Egypt growing says Ahmed Faragallah

Doaa Farid

10% of Egyptians use prepaid Visa cards: MENA director of prepaid products

MENA top region for total volume of prepaid card usage with 82.6%…

Doaa Farid

400% increase in mobile payments in 2014: EMP Chairman

Around 25% of global economy involves mobile payments, says Paul Edwards

Doaa Farid

Orascom construction IPO expected during the first half of 2015: Company official

Company has not decided country for initial IPO yet

Sara Aggour