-
Egypt's Cabinet approves establishing Digital Egypt Fund
The fund aims to activate and promote the services of the digital community, support & develop the system’s mechanisms and ensure its sustainability.
-
Egypt to spend over $2bln to enhance internet efficiency
The project includes delivery of fiber optic cables to around 4,500 villages in the next three years.
-
Central Bank of Egypt reveals reasons behind high inflation
This comes as monthly headline urban inflation recorded 1.1% in September compared to 0.3% in September 2020. Consequently.
-
Egypt set to be pivotal center for energy exchange
Europe needs electric power and Africa has huge amounts of renewable energy resources. Egypt’s energy sector has a bright future.
-
Finance Ministry aims to increase sources of funding
Capital market demands tax justice. Yield curve reflects risks of different terms: Sharkawy.
-
Pressing ahead with economic reforms will create more jobs
Egypt was among the few countries that achieved a positive growth last year despite the Covid-19 outbreak, IMF.
-
Egyptian-Greek trade exchange increase by 112.8% in H1 2021
On the other hand, Egyptian imports from Greece increased by 2.6% to $209.1m during the first half of 2021 compared to $203.8m in H1 2020.
-
Poverty rate in Egypt drops by 3%
Education levels are the most important indication of poverty, since poverty rates fall as people’s levels of education grow, CAPMAS.
-
Egypt establishes 1st infrastructure to provide IoT services
Telecom Egypt signed a cooperation agreement with the global Nokia Corporation to establish IoT infrastructure through Nokia's network (WING).
-
Sisi urges maintaining financial performance to reduce deficit
The state should also work on reducing the total deficit of the general budget to 6.7 percent and reducing the debt to less than 90%.
