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

Government considers new legislation to counter customs smuggling

Legislation to regulate customs transactions and control all ports to eliminate smuggling…

Mohamed Ayyad

July’s CAPMAS inflation rate 0.18% higher than original figure

Annual urban consumer inflation amended to 11.04% instead of 10.61% in July

Doaa Farid

Financially straitened Egyptians exempted from property taxes: Finance minister

Ministry of Finance announces the detailed new property tax law for the…

Sara Aggour

Bank contributions to Tahya Masr fund reach EGP 400m

Investment bank EFG Hermes makes EGP 20m donation to the fund

Sara Aggour

Central bank registers stable foreign reserves in August: Governor

Foreigners’ purchases in bonds and treasury bills registered between $100m and $120m…

Sara Aggour

MOPCO to be listed in capital market early 2015: Company chairman

Chemicals company to launch IPO following completion of expansion projects

Sara Aggour

6m tax-exempted Suez Canal investment certificates to be issued: CBE governor

Following the presidential approval of the Suez Canal investment certificate law, protocol…

Sara Aggour

Hermes allocates EGP 50m for development projects in Upper Egypt, 20m for ‘Long Live Egypt’ fund

Investment bank EFG-Hermes Financial has allocated EGP 50m for its sub-organisation Hermes…

Mohamed Ayyad

Government outfits kiosks for street vendors to transform them into small merchants: PM

North Coast development, social housing, employment, Downtown Cairo, and roads project top…

Mohamed Ayyad