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

Oil below $115 on demand worries

LONDON: Brent crude slipped below $115 a barrel on Monday as concern…

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EIPICO posts 5.7 pct increase in Q1 profit

CAIRO: Egyptian drug maker EIPICO's first quarter consolidated net profit rose 5.7…

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Valuation of Orascom Tel Algeria unit stalled: sources

ALGIERS: The Algerian government's valuation of Orascom Telecom's local mobile phone unit…

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Orascom Development Q1 profit tumbles

CAIRO: Real estate and hotels firm Orascom Development reported a slump in…

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Egypt central bank to offer LE 6 bln in repos Tuesday

CAIRO: Egypt's central bank said it will offer LE 6 billion ($1.001…

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Egypt cabinet body denies SODIC land withdrawn

By Sarah Mikhail/Reuters CAIRO: Egypt's government on Monday denied a newspaper report that…

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Egypt’s market up on cancellation of capital gains tax

CAIRO: Officials at Egypt’s stock exchange welcomed Finance Minister Samir Radwan’s decision…

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African growth set to slow to 3.7 percent: study

LISBON: Growth in African countries will to slow to 3.7 percent this…

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Egypt says to start repaying IMF funds in 3-1/4 yrs

CAIRO: Egypt will begin repaying IMF financing worth $3 billion in 3-1/4…

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Palestinian authority to issue $50 mln sukuk

ABU DHABI: The Palestine Monetary Authority hopes to issue to banks its…

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