The government has officially denied that the El Warraq neighborhood was being cleared to make way for a tourism development project, according to a report by the Egyptian cabinet’s Information and Decision Support Center (IDSC) on Monday picked up by Ahram Online. The IDSC laid the official line the move was part of the campaign to seize unlawfully occupied state lands.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…