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

EGP 283.3bn net profits for banks in Egyptian market in 2023: CBE

Total financial position of banks records EGP 15.165trn

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World Bank to provide over $6bn in support to Egypt over three years

The World Bank Group reaffirms its commitment to a long-standing strategic partnership…

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Hassan Allam Properties grows presence in Mostakbal City with 279-feddan expansion

Hassan Allam Properties (HAP), a leading real estate developer in Egypt, has…

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Al Ahly Sabbour unveils EGP 135bn Summer, At-East projects, signaling new era in Egyptian real estate

Al Ahly Sabbour has announced the launch of the “Summer” project in…

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Al Qamzi Developments inks EGP 900m deal with Dar Al-Alamiah for Seazen project’s second phase

Al Qamzi Developments has forged a significant deal with Dar Alalamia Construction…

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More Egyptian companies embrace technology amidst 2024 business outlook

34% of Egyptian companies are adopting friendshoring, similar number are dual-sourcing to…

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CIB, EFG depositary receipts continue to rise on London Stock Exchange

The depositary receipts of CIB and EFG Holdings sustained their upward trajectory…

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Shell invests $10-15bn in low-carbon energy solutions from 2023-2025

Shell has released its inaugural energy transition progress report following the introduction…

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Egypt’s general treasury allocates over EGP 818bn to Social Insurance Authority in 55 months

Finance Minister Mohamed Maait announced that following President Abdel Fattah Al-Sisi’s directives,…

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Strategic investment in higher education: Pathway to national development, global competitiveness

Hala El-Said, Egypt’s Minister of Planning and Economic Development, convened with Ayman…

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