News
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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.
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Tarek Amer term extended till 2023
The first term of Amer saw him steer the country away from shortages through a devaluation to become the fastest growing economy in the region.
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Egypt 8th safest country in the world
Egypt jumps up 8 places to be the 8th safest country in the world, beating USA, UK and most of Europe in Gallup’s report while expats ranked it at 52.
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Online business trends in 2020
Payfort has selected the biggest 4 trends that are expected to influence e-commerce and what you need to invest in in 2020.
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Cairo ranked 3rd must visit city in 2020
With GEM opening anticipated and the new Sphinx airport, Cairo is set to be one of the top tourism hotspots of 2020.
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Food Africa launches in Cairo 9 December
Food Africa, the 5th International Trade Exhibition for Food & Beverages, returns to Cairo from 9 to 11 December, at the EIEC.
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Egypt is globally the 5th fastest growing nation brand
Egypt ranked 49th in 2019 up from 54th in 2018, climbing up 5 ranks. However, it was the impressive growth of Egypt’s brand that caught attention.
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Renewable power sector in Egypt needs support
Egypt is the heaven of renewable energy with solar and wind power capacities but the sector needs more dedication from public and private officials.
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Do you have a Digital Wallet?
Digital Wallets are safer, easier and more organized as a method of payment, that is currently spreading across the region.
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ICEC to launch 5th round this October
The Middle East and Africa’s foremost smart and sustainable cities event is set to take place this year 23-24 October 2019 in Cairo, Egypt.
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Egypt inflation lowest since 2013
Inflation rates slowed to almost 4.9% annual rate in August. Despite interest rate cuts, Egypt is becoming more attractive for investors.
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TA Telecom spins off 500 Startups-Backed Fintech
NowPay helps employees better manage their budgets, overcome cash flow problems and avoid unexpected events.
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Egypt expected to be 2nd fastest growing economy
The economic complexity index put Egypt at 68th place, 2 ranks higher than last year due to the increasing complexity of production.
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More Egyptians under poverty line
The number reached 32.5% compared to 27.8% in 2015. The increase was expected due to the devaluation of the Egyptian pound.
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COMESA summit concludes in Nairobi
Minister Amr Nassar of Trade and Industry headed the Egyptian delegation on behalf of President AbdelFattah El-Sisi in the summit.
