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Tourism sector just got a five-month breather from the corona tax
Corona tax freeze for tourism companies: Companies in the struggling tourism sector are being given some breathing room after the…
More railway funding from IBRD + moving towards modern irrigation
Fresh funding for our railways from IBRD: The Madbouly Cabinet signed off yesterday on a USD 362.9 mn facility from…
New civil servants minimum wage gets nod from cabinet, still no word on private sector floor
Cabinet greenlit bringing the minimum wage increase to EGP 2.4k from EGP 2k for civil servants into effect at the…
We’re getting our export council back
Egypt is resurrecting a council responsible for overseeing the country’s exports, according to a presidential decision green-lit today during the…
Cabinet approves AfDB financing for wastewater utilities near Luxor
Egypt will be getting at least EUR 108 mn from the African Development Bank (AfDB) to install wastewater utilities in…
Cabinet approves draft bill to regulate fintech industry
The draft law that will govern the fintech space received approval from the Madbouly cabinet in its weekly meeting yesterday,…
Cabinet approves new raises for civil servants
Public sector employees not covered by the Civil Service Act are officially in line for raises of 13% of their…
Good news for economic growth in the second quarter of FY2020-2021
Egypt’s economy grew 2% in 2Q2020-2021, accelerating from 0.7% the previous quarter as the tourism sector contracted at a slower…
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