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Egypt Business 2016 roundup

With 2017 at the door we wanted to review with you the biggest economic and business news in Egypt in 2016.
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Devaluation, loan, IMF, black market, Dollar shortage,....
We have been through a roller coaster with 2016, if you were too busy to understand any of this, here's a round up of top 14 news covered in Egypt Business in 2016. (click on the hyperlinks for more details)

1-We knew for sure that Egypt had one of the slowest internet speeds globally.

2- Egypt assumed the role of the gateway to Africa in the summit Africa 2016.

3- Egypt 2030 vision was announced by the Egyptian government.

4- The pound was devaluated (several times)

5- Egypt reshuffled 10 ministries, most of them economy related.

6- Germany and Egypt signed an MOU to build a solar park in Egypt.

7- Egypt (for a while) became the second biggest economy in Africa.

8- Egypt was announced as the 4th country in the region in terms of tourists' receipt.

9- China invited Egypt to attend the G20 summit, where Egypt sought opportunity to alleviate the dollar crisis.

10- Egyptian-born Nemat Shafik was appointed Director of London School of Economics.

11- Egypt announced a fierce battle on the Black Market for currencies including legal persecution.

12- Russia and Egypt signed an agreement for the former to build an industrial park around Suez Canal, the project will launch in 2018.

13- 4 Egyptian mobile operators (Vodafone, Orange, Etisalat and Telecom Egypt) acquired the 4G licences, after -many- negotiations and objections.

14- We got the IMF loan as part of an economic reform program