Business Today

This will advance the state’s vision towards localizing the industry, reducing imports, and increasing the private sector’s participation in...

There are preliminary studies, in cooperation between the International Finance Corporation (IFC) and the Egyptian government, to offer 50 s...

The initiative only applies to hotels operating in Greater Cairo, Luxor, Aswan, the Red Sea, South Sinai, and the North Coast Business Today...

Sugar prices in the local market surged by over 50% in the past few weeks, climbing to EGP 27-50 per kilo with some merchants hoarding the c...

The drop is attributed to the widening gap between the official and unofficial exchange rates, leading Egyptians abroad to utilize unofficia...

The value of the deal will reach $800 million when the ownership percentage in Legacy Hotels Company reaches 51% and will be financed throug...

Maait added that “a study to issue bonds in Gulf currencies during the coming period [is needed], but this requires coordination with adviso...

Egypt is almost done with finalizing an agreement with the International Monetary Fund (IMF) to enhance its existing $3 billion rescue progr...

IFC is currently working with Egypt to prepare companies for the second phase of the IPO program, stressing that the institution can invest...

El-Sheikh emphasized that the primary objective of this initiative is to address concerns surrounding potential manipulation in the auction...

The proposed partnership aims to facilitate the exchange of expertise, offer comprehensive logistic services, and focus on shipbuilding, par...

The attacks have led several shipping companies to re-route vessels to ensure the safety of their crew and cargo, however, this incurs addit...

Budget support funds play a crucial role in boosting efforts in key areas such as healthcare, green growth programs in the electricity secto...

Pioneering the sustainability scene, Vodafone Egypt is the first telecom operator to report on its sustainability efforts following the ESG...

Several key producers of steel increased their prices this year, according to the Cairo Chamber of Commerce's Building Materials Division in...

The overall financial position of banks operating in Egypt was EGP 14.7 trillion, according to the CBE, compared to EGP 14.47 trillion recor...

In its quarterly non-oil merchandise exports report, the IDSC attributed the contraction to a 4.3% drop in non-oil imports, totaling around...

Maritime traffic within the canal was reported as normal, Rabie explained, despite the increasing attacks by Yemen’s Houthis on ships passin...

Egypt accounts for the largest share of the volume of intra-trade within the Common Market for Eastern and Southern Africa (COMESA) Business...

Raya Holding intends to make available a portion of the shares of Raya Information Technology, ranging from 30% to 35%, to potential investo...

This financial assistance comes with an interest rate capped at 11% over a duration of 5 years. Maait also stated that state’s public treasu...

In its annual report “Platforms for Policy & Practice,” MoIC Minister Rania Al-Mashat Ministry of International Cooperation shared that the...

The new regulatory amendments now allow commercial and investment banks, as well as insurance firms, to collaborate with MSME finance and co...

This marks an upward revision from the bank's previous forecast, which positioned the exchange rate at EGP 35-40 per $1 for Q1 2024 Business...

The report outlined expectations for Egypt's real GDP growth at 3.3% during the current fiscal year, less than the International Monetary Fu...