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Drop in unemployment driven by job creation, not reduced labor force –EFG Hermes
MORE CONTEXT on this morning’s unemployment figures: EFG Hermes’ Mohamed Abu Basha took a deeper dive in a client note…
Egypt skated past covid-19, but now needs to double down on “deep” reforms –IIF
Egypt weathered the worst of the pandemic as the only MENA country to see economic output contract last year, but…
Tennis player Mayar Sherif becomes first Egyptian woman to win Grand Slam main draw match
Mayar Sherif makes Egyptian tennis history for the second time this year: Egyptian tennis player Mayar Sherif has become the…
Neptune Energy names new Egypt MD
MOVES- Global oil and gas company Neptune Energy has appointed Mohamed Mounes Shahat as managing director for Egypt, the company…
Central bank plans digital infrastructure company to support financial inclusion
The Central Bank of Egypt’s financial inclusion strategy seems to be moving forward after the bank yesterday set up a…
Shippers, customs brokers win minor Customs Act concessions
LEGISLATION WATCH- Shipping agencies and customs brokers have won minor concessions from the Finance Ministry after challenging some elements of…
Uber applies for license under ride-hailing legislation
Uber has applied for an operating license under recent legislation governingride-hailing companies, General Manger Ahmed Khalil said in an interview…
Hotel occupancy rates fall sharply due to pandemic
Hotel occupancy rates in Cairo nosedived 67% y-o-y so far this year amid the pandemic-induced slump in tourism, according to…
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