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Egypt’s local public debt hits EGP 3.414tn end-2017: CBE

Egypt’s local public debt rose to EGP 3.414tn at the end of December 2017, compared to EGP 2.16tn in June 2017, of which 84.7% was due from the government, 8.2% from public economic bodies, and 7.1% from the National Investment Bank (NIB), according to the Central Bank of Egypt (CBE). The CBE said, in its …

Hossam Mounir

Accept bringing digitalisation to world of payments in Egypt

The people behind Pay Mob just launched a sister company, Accept Payments, and are helping businesses grow by offering a single solution for companies to accept different payment methods for their products and services. These payment methods include cash and card on delivery, cash collection, mobile wallet payments, kiosk payments, and online card payments. “Our …

Daily News Egypt

2.8% increase in cargo volume at Damietta Port in May

A report issued by the Damietta Port Authority showed an increase in the number of ships at the port during May 2018 compared to May 2017. According to the report, the number of ships at the docks of Damietta Port amounted to 281 vessels in May, compared to 254 vessels in the same period of …

Mohamed Alaa El-Din

Taba Airport receives first aeroplane after year of suspension

After being suspended for approximately seven years, Taba International Airport received on Sunday its first aircraft since, an Alexandria Airlines flight. Taba Heights Resort, owned by Orascom Development Egypt (OD), celebrated the event, describing it as an important step to activate tourism in the charming city and return it to normalcy. The closure of Taba …

Shaimaa Al-Aees

Parliament approves EGP 70.3bn additional allocations for current FY budget

The Egyptian Parliament approved on Sunday the draft law submitted by the government for additional allocations worth EGP 70.3bn for the current fiscal year (FY) 2017/2018. The bill stipulates that these additional allocations will be distributed as a EGP 57bn increase in the interest section of the state budget to meet the increase in the …

Nihal Samir

Saudi women finally drive after decades-old ban officially ends

Saudi females were allowed to drive starting from Sunday for the first time in their country’s history, after a ban on women driving imposed long ago was finally lifted. The historic event, announced in September, is part of far-reaching reforms decided by Crown Prince Mohamed bin Salman to modernise the conservative kingdom. Saudi Arabia was …

Sarah El-Sheikh

GERD scientific research committee holds 2nd meeting in Khartoum

The scientific research committee of the Grand Ethiopian Renaissance Dam (GERD) began two-day meetings in Khartoum to discuss options and strategies for filling the dam’s reservoir. The committee, which includes a number of experts and academics from Egypt, Sudan, and Ethiopia, aims to address the observations of Egypt and Sudan on a proposal submitted by …

Daily News Egypt

27.3% increase in number of foreign governmental workers: CAPMAS

The total number of foreign employees in the governmental and public business sectors reached 1,132 foreigners in 2017, including 1,020 males (90.1%) and 112 females (9.9%). This is up from 889 foreigners in 2016, marking an increase of 27.3%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). In its annual bulletin for …

Hossam Mounir

7,500 projects implemented through Mastoura loan project

Minister of Social Solidarity Ghada Waly announced in a press statement on Saturday that the number of projects implemented through the Mastoura loan project increased to about 7,500 with a total value of EGP 113m, after Nasser Social Bank received EGP 100m from the Tahya Misr Fund, representing the second phase of Mastoura. The Mastoura …

Nihal Samir

Portugal to receive 400 refugees based in Cairo

Egypt welcomed an offer by Portugal to host a number of refugees currently residing in the country, according to a statement released by the Ministry of Foreign Affairs on Friday. As a part of the cooperation between the EU and Egypt on the issue, Portugal offered to host 400 refugees in the years 2018 and …

Daily News Egypt