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Fintech in Egypt has the potential to boom
A deep dive into the state of fintech in Egypt: Egypt’s burgeoning fintech scene could spur growth by helping bring…
World concerned Big Brother could emerge from facial recognition tech
Big Brother wants to see your face: Last week, San Francisco became the first American city to ban facial recognition…
Online platform XPay raises USD 250k in funding
STARTUP WATCH- Fintech startup XPay has raised USD 250k from two unnamed angel investors shortly after raising a still-not-disclosed sum…
Egypt’s Cabinet approves new NGOs Act to replace contentious 2017 law
CABINET WATCH- Cabinet approves new NGOs Act: The Madbouly Cabinet approved at its weekly meeting a final draft of the…
Egypt’s cabinet IDSC denies 18% tax on social media advertising
Gov’t denies 18% social media ad tax is already in place, but says it is working on a 15-20% levy:…
List of e-commerce no-nos issued as CBE orders aggregators and payment facilitators must offer guarantees to banks
REGULATION WATCH- Crypto is on the CBE’s list of online no-nos as the regulator orders aggregators and payment facilitators to…
What we’re tracking on 15 May 2019
Good morning, friends — take heart, it is nearly the weekend. Still, we have plenty of interesting news for you…
Facebook to charge 18% VAT on Egypt-based advertisers not registered for VAT
Facebook has announced that Egypt-based advertisers without a valid VAT identification number will be charged an increased 18% rate of…
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