News
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10 things you need to know about the state of social housing
The social housing program launched in 2015 with the aim of providing 1m housing units to limited-income citizens.
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World Bank approved $50m for Egypt Covid-19 response
The World Bank Group had established a Fast Track COVID-19 facility to help countries in health and economic emergency response against the pandemic.
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Egypt Economy partially open
Many workers will be going back to work, especially in the state sector and extending the hours of shops and trade centers.
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Egypt economic growth forecast lowered
A Reuters poll lowered Egypt’s economic forecast to 3.5% in the next fiscal year starting July down from 5.9%.
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Egypt budget deficit at EGP 267 billion
The deficit measured from July to January reached ~ EGP 268 billion, while last year same time it stood at ~EGP 214 billion.
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Egypt lowers fuel prices
The drop is considered “slight” in comparison to the global decline on the backdrop of the Corona pandemic.
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CBE announces new monetary procedures over Corona outbreak
The procedures include banks raising their credit card daily transaction limits and abolishing fees on withdrawals from ATM for the next 6 months.
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CityScape Egypt postponed
Following the announcement by the government to suspend all major public gatherings in Egypt, Informa Markets has decided to postpone Cityscape Egypt.
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The Big 5 Construct Egypt preparations underway
The event is scheduled between September 22-24 of 2020 in the International Conference Center in Cairo.
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Suez Canal records revenue increase despite Corona
Despite the fact that 13% of China's trade passes through the canal, Suez canal recorded a $5.8 bn in revenues for 2018/2019.
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Top 5 Digital trends in Egypt 2020
54 million Egyptians are online and 42 million are on social media, according to Digital 2020 report by We are social and Hootsuite.
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More and more oil and gas deals for Egypt
Around 70 agreements for oil and gas exploration were signed in the last 4 years as Egypt aims to become a regional energy hub.
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3 ways to personalize your e-commerce business
Payfort suggests that personalization of just adding the user's name to an email is no longer helpful, a more tailored experience means more sales.
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STC enters Egyptian telecom market
STC and Vodafone signed the deal for about $2.4 billion.
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USD may fall below 15LE in Q1 of 2020
By the end of 2019 the Dollar went under 16 LE for the 1st time since the devaluation of the pound in 2016.
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President El-Sisi meets WB delegation
This is the 1st visit for the World Bank delegation since 2014. The WB seeks more cooperation with Egypt after success of reform program.
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Egyptian parliament discusses amendments to Depository and Registration law
This law affects stock market performance and creating a better investment environment by helping settle legal issues regarding financial securities.
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Telecom Egypt signs deal with Ministry of Social Solidarity
Telecom Egypt is to build an online platform for the ministry to market the products of the “productive families” project.
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Hermes predicts 2020 great year for Egyptian economy
The outlook predicts a solid growth for the Egyptian economy in 2020. Egypt is expected to reap the gains of the years of economic reform.
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Hurghada among top 100 destinations
For the 1st time Hurghada enters the ranking of the top 100 cities by Euromonitor International.
