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 artesian wells built in Abu Simbel in project to reclaim 1m acres: Minister of Irrigation

Report shows 12,452 violations removed from shores of watercourses until May 2015,…

Mohamed Ayyad

EGAS suspends gas to 78% of fertiliser plants to save fuel for electricity

Suspension of fuel supply to El-Nasr, Helwan, Alexandria, Al-Masriya 1 and Al-Masriya…

Mohamed Adel

Trade balance tips in favour of international blocs with EGP 33.5bn

Exports to international blocs decreased to EGP 190.4bn between 2013 and 2014,…

Sara Aggour

Ministry of Communications continues to counter TE’s monopoly over infrastructure

TE executives send letter to ministry accusing it of targeting company through…

Daily News Egypt

NBE delegation continues negotiations with 5 banks to promote dollar bonds

The banks are Citi Group, Deutsche Bank, HSBC, the National Bank of…

Daily News Egypt

Al-Ezz Dekheila Steel Company suffers losses, unstable gas supply

Steel producer will consider alternative sources of energy to make up decline…

Doaa Farid

El-Hekma sells 140 residential units in Green Paradise project: Sales Manager

Price rise in real estate expected after government announced giant projects’ implementation,…

Abdel Razek Al-Shuwekhi

High interest rates, lack of facilitated lands weaken mortgage finance initiative

Interest rates on financing units ranging from 14 to 17%, says Fikri

Shaimaa Al-Aees

Mehleb inaugurates AOI’s PV solar panels production line

The organisation is currently preparing for the establishment of a 50 MW…

Rana Yehia