News
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Egypt first globally to have Uber intercity bus
Customers will be able to book the time they prefer between 8 rides daily with 9 pick-up/drop-off points in Cairo and Alexandria.
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10 things you need to know about technical education
The Ministry of Education dedicates special attention to technical education. With economic developments, there is a growing need for skilled labour.
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Confusion prevails regarding new electronic tax
Playstations can be taxed up to 60% while selfie sticks and cameras are subject to 20% tax; all this is in addition to a 14% VAT.
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SMEs join beneficiaries of financing initiative
CBE added small and medium enterprises to the list of beneficiaries of an GP 100billion initiative to support economy amid COVID-19 crisis.
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Egypt wins 2 sustainability awards from EBRD
Egyptian Electricity Company got the silver award in sustainable energy whole the National Railway company got a bronze for gender inclusion.
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Egypt launches wastewater management program in Fayoum
The project’s value is estimated at more than 450 million euros and it will be financed by 3 European bodies along with the Egyptian government.
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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.
