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

Qalaa reduces losses by 67% to EGP 59.6m in Q3 2014

Investment company seeking shift to profitability in 2016, expects to reduce debt…

Daily News Egypt

Insurance sector assets currently valued at EGP 55bn: EFSA

The insurance sector contributed EGP 48.5bn to the national economy during the…

Shaimaa Al-Aees

Doubts raised over Kellogg’s bid for BiscoMisr shares

Kellogg’s EGP 940m bid for 51% of company awaiting response from Financial…

Abdel Razek Al-Shuwekhi

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