Egypt Business 2016 roundup
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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
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