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Egypt ranks 167th in PwC’s Paying Taxes 2018 report

Egypt ranked 167th globally, out of 190 countries, according to the World Bank (WB) and PricewaterhouseCoopers (PwC)’s Paying Taxes 2018 report, which rates countries by ease of complying with tax laws. Paying Taxes 2018 is one of the elements of the WB’s Doing Business 2018 study, in which Egypt ranked 128. Using the perspective of …

Nihal Samir

High-profile delegation explores investment opportunities at Hapi conference

The Hapi investment conference, to be held on 29 April, aims to provide an opportunity to present and discuss employment opportunities and partnerships between investors, as well as Egypt’s competitiveness level in facilitating business processes. The conference will be held at the Nile Ritz-Carlton and under the auspices of Sahar Nasr, minister of investment, Yasser …

Daily News Egypt

Slight growth in ADSL users in January

The ADSL market acquired 129,500 new users in January this year, increasing its base from 5.1 million users in December 2017 to 5.32 million. In a different context, Telecom Egypt gained 7,500 new landline clients in January, increasing from 6.6 million in December 2017 to about 6.61 million in January 2018. The internet market added …

Daily News Egypt

IHG signs two-hotel deal in Egypt with Arabia Hotels

InterContinental Hotels Group (IHG), announced the signing of a deal for two new hotels in Giza on Sunday, Egypt-Holiday Inn Giza Sun Capital and Staybridge Suites Giza Sun Capital, in partnership with Arabia Hotels, a subsidiary of Arabia Holding. The announcement was made at the Arabian Travel Market 2018. The two hotels are scheduled to …

Daily News Egypt

Prosecutor general orders blocking sites hosting Blue Whale app

Prosecutor General Nabil Sadek issued a decision to assign the National Telecommunications Regulatory Authority (NTRA) to take action to block websites that allow users to install the application the Blue Whale, which has led some young people to self-harm. The decision comes as the games is considered dangerous, as it targets young people by requiring …

Mohamed Abdel Megeed

Libyan oil pipeline attacked by alleged IS fighters

A Libyan crude oil pipeline owned by the Waha Oil Company, which feeds the port at Sidra. Libya’s largest oil terminal, was set on fire on Saturday. The attack lead to the loss of between 70,000 barrels per day (bpd) and 100,000 bpd, according to the state-owned National Oil Company (NOC). According to Reuters, Libyan …

Mohamed Samir

World celebrates International Book Day

The world celebrated on Monday International Book Day, with 23 April acting as a symbolic date for world literature. On this date in 1616, famous writers Miguel de Cervantes, William Shakespeare, and Inca Garcilaso de la Vega all died. It is also the date of birth or death of other prominent authors, such as Maurice …

Daily News Egypt

From public to personal: A discussion with artist Aya Tarek

Daily News Egypt interviewed artist Aya Tarek during the exhibition Aya Tarek’s Sprezzatura at the SOMA art gallery. In this exhibition, Tarek is taking the concept of sprezzatura from the fashion world to her own visual world. She is expressing the ease, individuality, beauty, and simplicity that come with maturity through a monochromatic scheme. She …

Adham Youssef

United Bank launches UB Digital Wallet

Fintech has become main engine of growth for national economy, dissemination of financial inclusion culture, says El Kady The United Bank of Egypt (UB) launched the UB Digital Wallet, which is its latest technological solution for the Egyptian financial market, in lieu with the efforts of the state and the Central Bank of Egypt (CBE) …

Daily News Egypt

ABE, Visa launch partnership for cooperation in digital payments industry

The Agricultural Bank of Egypt (ABE) and Visa Inc have entered into a strategic partnership agreement which includes, in its first phase, the training of 400 ABE employees who deal directly with customers to improve the bank’s level of products and services within the framework of achieving the principle of financial inclusion. Elsayed Elkosayer, chairperson …

Daily News Egypt

NBE joins one of largest global blockchain initiatives

In line with Egypt’s national digital transformation strategy, and in support of the Central Bank of Egypt (CBE)’s direction to encourage the financial services industry to adopt innovative financial technologies, the NBE has recently joined enterprise software firm R3’s global blockchain initiative of over 200 financial services firms, technology companies, central banks, regulators, and trade …

Daily News Egypt

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