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

No agreement reached for LNG arrivals by end of 2014

Government delayed signing with Hog Energi, led to lack of supply during…

Mohamed Adel

Only 7% of Egyptians have bank accounts: PayFort

Around 20% of Egyptians perform their financial transactions electronically through credit cards

Daily News Egypt

Arab Banking Corporation allocates EGP200m for retail banking sector

Corporation supports retail banking sector over the next year with investment amid…

Abdel Razek Al-Shuwekhi

BNP Paribas Wealth Management wins private bank awards for Europe, North Asia

Awards confirm their position as a “reference private bank”, say Wealth Management…

Daily News Egypt

CBE to supervise monetary transactions outside banking sector: Deputy governor

Supervision will cover monetary fund money despite antipathy of investment directors

Mohamed Ayyad

AAIB expands ATM service in Egypt

Expansion brings bank’s total number of ATMs to 286 across the country

Daily News Egypt

Marina tourist centre tender to take place early 2015: Housing minister

Ministry planning to build 100,000 hotel rooms for tourists in north coast

Mohamed Adel

No backtracking on rice exports at EGP 2,000 per tonne

Expected returns set at $1bn for exporters and $280m in returns for…

Mohamed Adel

Sanmar aims for increased Egyptian investments in Egypt

Company projects approximately $1.3bn investment and $150m injected into expansion of PVC…

Mohamed Adel

Successful overseas dollar bonds launch will strengthen Egyptian economy: Experts

Analysts call government’s determination to offer dollar bonds during first quarter of…

Abdel Razek Al-Shuwekhi