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

Moody’s downgrade gives edge to safe-haven banks

(Reuters) - Major ratings downgrades by Moody’s will further divide the world’s…

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President inherits budget from Ganzouri cabinet

The cabinet finalised the 2012/2013 annual state budget, which will be effective…

Ahmed Aboulenein Ahmed Aboulenein

Plan for an ‘Investors Union’ to improve image of businessmen

Farid Khamis: Industrialists are not thieves, it’s not right to generalise accusations…

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Banks push to secure offices and ATM machines

All banks in Cairo undertook efforts to secure their facilities as they…

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Dissolution of Parliament brings back IMF deal

Despite what Egypt has been undergoing over the previous year and a…

Mohamed El-Bahrawi Mohamed El-Bahrawi

The Egyptian Arab Land Bank: EGP 2bn in funding for individuals

It is hoped that both the credit portfolio and deposits will increase…

Daily News Egypt Daily News Egypt

Tourism decline hits HSBC

HSBC has shut down two of its branches recently in Sharm el-Sheikh…

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Ministry of Finance approves EGP 1bn for domestic wheat purchase

The Egyptian Ministry of Finance has allocated an additional EGP 1 billion…

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World stocks mostly slide after Moody’s downgrades

World stock markets mostly fell on Friday after the economic outlook in…

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G20 reinforces EU aspirations

World leaders convened in Los Cabos, Mexico on the 18th and 19th…

Mohamed El-Bahrawi Mohamed El-Bahrawi