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Latest Business News
Egyptian Stock Exchange. (PHOTO BY MOHAMED OMAR)
Business

EGX30 closes above resistance level

The standard stock exchange index, EGX 30, ended Monday’s session above the…

Mohamed Salah
Mohamed Salah

Schneider Electric inaugurates new line for electric panels

Schneider Electric Company has announced a new line of production for Okken…

Hend El-Behary
Hend El-Behary
EGPC

Rebel Economy Wrap

Egypt's oil curse - part 2

Daily News Egypt
Daily News Egypt

NBE targets EGP 1.1 billion reduction in bad debts portfolio

Four years ago, bad debts portfolio represented 30 per cent of the…

Islam Serour
Islam Serour

EGPC struggles to stay afloat

The beginning of this fiscal year has seen the EGPC balancing debt…

Daily News Egypt
Daily News Egypt
The government is seeking to import approximately 500 million cubic feet of gas daily from Algeria AFP Photo
Algeria

Egypt imports gas to meet its exportation requirements

Minister of Petroleum, Osama Kamal, refused to comment on the matter

Mohamed Salah
Mohamed Salah

Plans to erect first petrochemicals industrial parks

IDA has high hopes for parks and new holding company

Islam Serour
Islam Serour
citizens

Rebel Economy Wrap

The oil curse explained

Daily News Egypt
Daily News Egypt
dance

Sun, sand, sea and dance: Hurghada

The budding dance community on the Egyptian Red Sea is becoming more…

Daily News Egypt
Daily News Egypt
The ministry plans to use solar energy stations to produce 100 MW per year. (AFP PHOTO / Menahem Kahana)
Egypt

Government to rely on solar energy to shore up power deficit

The project will be key in reducing the shortage of electricity in…

Mohamed Salah
Mohamed Salah