{"id":594313,"date":"2019-10-27T04:08:53","date_gmt":"2019-10-27T04:08:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-rises-six-spots-to-114th-in-world-banks-ease-of-doing-business-report\/"},"modified":"2019-10-27T04:08:53","modified_gmt":"2019-10-27T04:08:53","slug":"egypt-rises-six-spots-to-114th-in-world-banks-ease-of-doing-business-report","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-rises-six-spots-to-114th-in-world-banks-ease-of-doing-business-report\/","title":{"rendered":"Egypt rises six spots to 114th in World Bank\u2019s Ease of Doing Business report"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <b>Egypt jumped six spots to rank 114th out of 190 countries in the World Bank Group\u2019s <\/b><a href=\"https:\/\/openknowledge.worldbank.org\/bitstream\/handle\/10986\/32436\/9781464814402.pdf\"><b>2020 Ease of Doing Business report<\/b> (pdf)<\/a>, up from 120th last year. The country\u2019s score rose to 60.1 from 58.56 and is among 42 countries to have implemented regulatory reforms that facilitated doing business in three or more of the 10 topics included in the report compared to last year. Egypt made changes in four key areas that improved our ranking:<\/p>\n<ul>\n<li><b>Starting a business:<\/b> The process of starting a new business became easier over the past year with the improvement of our \u201cone-stop shop\u201d system. Egypt also scrapped a previous requirement for businesses to \u201cobtain a certificate of nonconfusion,\u201d the report notes.<\/li>\n<li><b>Tax payments:<\/b> Paying taxes has also been made easier through the introduction of an online system that allows businesses to file and pay their corporate income and value added taxes.<\/li>\n<li><b>Egypt also stepped up protections for minority investors<\/b> by creating new requirements for listed businesses to get shareholder approval when issuing new shares on the stock market.<\/li>\n<li><b>The report also pointed out an improvement in the reliability of electricity supply<\/b> for companies in Egypt, which comes on the back of a new automated system that monitors and reports power outages. <\/li>\n<\/ul>\n<p><b>How did we fare in comparison to others?<\/b> New Zealand and Singapore once again landed in the top two spots of the global ranking, followed by Hong Kong, which rose one spot to edge out Denmark from third. Somalia retained its spot at the bottom of the chart, with its score actually falling slightly from last year\u2019s report. <b>The UAE remains the highest ranked MENA country<\/b>, despite falling to the 16th spot from 11 last year. Saudi Arabia was also the most-improved economy this year, soaring to the 62nd spot from 92 last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt jumped six spots to rank 114th out of 190 countries in the World Bank Group\u2019s 2020 Ease of Doing Business report (pdf), up from 120th last year. The country\u2019s score rose to 60.1 from 58.56 and is among 42 countries to have implemented regulatory reforms that facilitated doing business in three or more of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":594314,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[636,155,93,72,3017,343,219,2436,2380,69,90,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-denmark","tag-digitization","tag-energy","tag-enterpriseam","tag-new-zealand","tag-regulation","tag-saudi-arabia","tag-singapore","tag-speed-round","tag-tax","tag-uae","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"9a723a65-fd9d-4efc-893e-c74e7daa0a1d","is_powered_by":true,"section_story_id":"f07c31cb-37e4-4705-8585-a36ca1916152","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/10\/2028.jpg","photo_position":"above","related_issue":[594306],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt rises six spots to 114th in World Bank\u2019s Ease of Doing Business report - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-rises-six-spots-to-114th-in-world-banks-ease-of-doing-business-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt rises six spots to 114th in World Bank\u2019s Ease of Doing Business report\" \/>\n<meta property=\"og:description\" content=\"Egypt jumped six spots to rank 114th out of 190 countries in the World Bank Group\u2019s 2020 Ease of Doing Business report (pdf), up from 120th last year. The country\u2019s score rose to 60.1 from 58.56 and is among 42 countries to have implemented regulatory reforms that facilitated doing business in three or more of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-rises-six-spots-to-114th-in-world-banks-ease-of-doing-business-report\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-27T04:08:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/2028.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-rises-six-spots-to-114th-in-world-banks-ease-of-doing-business-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-rises-six-spots-to-114th-in-world-banks-ease-of-doing-business-report\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt rises six spots to 114th in World Bank\u2019s Ease of Doing Business report\",\"datePublished\":\"2019-10-27T04:08:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-rises-six-spots-to-114th-in-world-banks-ease-of-doing-business-report\/\"},\"wordCount\":312,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-rises-six-spots-to-114th-in-world-banks-ease-of-doing-business-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/2028.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Denmark\",\"digitization\",\"energy\",\"EnterpriseAM\",\"New Zealand\",\"regulation\",\"Saudi Arabia\",\"Singapore\",\"SPEED ROUND\",\"tax\",\"UAE\",\"World Bank\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-rises-six-spots-to-114th-in-world-banks-ease-of-doing-business-report\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-rises-six-spots-to-114th-in-world-banks-ease-of-doing-business-report\/\",\"name\":\"Egypt rises six spots to 114th in World Bank\u2019s Ease of Doing Business report - 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The country made it to the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600098,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/egypt-shines-in-times-higher-education-em-universities-rankings\/","url_meta":{"origin":594313,"position":1},"title":"Egypt shines in Times Higher Education EM universities rankings","author":"enterpriseam admin","date":"20 January 2019","format":false,"excerpt":"Egypt shines in Times Higher Education emerging-markets universities rankings: Egypt has made strides in university education and shown \u201crapid higher education progress,\u201d particularly at the governorate level, according to the Times Higher Education\u2019 Emerging Economies University Rankings 2019 report (paywall). Egypt ranked seventh overall with 19 universities on the list,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636805,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/01\/egypt-drops-to-128-on-the-wbg-doing-business-report\/","url_meta":{"origin":594313,"position":2},"title":"Egypt drops to 128 on the WBG Doing Business report","author":"enterpriseam admin","date":"1 November 2017","format":false,"excerpt":"Really, WBG? It\u2019s like that? Egypt dropped six places in the World Bank Group\u2019s (WBG) Doing Business report 2018 (pdf) to 128 out of 190, down from 122 in the 2017 report, and sandwiched between Cape Verde and St. Vincent and the Grenadines. This comes despite the WBG issuing a\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594469,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/30\/world-bank-annual-business-rankings-significantly-impact-government-policy\/","url_meta":{"origin":594313,"position":3},"title":"World Bank annual business rankings significantly impact government policy","author":"enterpriseam admin","date":"30 October 2019","format":false,"excerpt":"EXPLAINER- Why World Bank annual business rankings significantly impact government policy: Since its 2003 inception, the World Bank\u2019s annual Ease of Doing Business report has grown to become a key yardstick for measuring economic indicators, and now has a significant impact on policy and regulation across the world, the Economist\u2026","rel":"","context":"In &quot;Worth reading&quot;","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/78.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600824,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/google-celebrates-mary-mounibs-114th-birthday\/","url_meta":{"origin":594313,"position":4},"title":"Google celebrates Mary Mounib\u2019s 114th birthday","author":"enterpriseam admin","date":"11 February 2019","format":false,"excerpt":"Google celebrated yesterday what would have been Egyptian cinema icon Mary Mounib\u2019s 114th birthday with a Google Doodle. Lebanese-born Mounib is most notably remembered for her comic roles.","rel":"","context":"In &quot;ON YOUR WAY OUT&quot;","block_context":{"text":"ON YOUR WAY OUT","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-your-way-out\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1665.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":626835,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/12\/egypt-climbs-10-spots-on-gii-2018-stands-out-for-economic-outperformance\/","url_meta":{"origin":594313,"position":5},"title":"Egypt climbs 10 spots on GII 2018, stands out for economic outperformance","author":"enterpriseam admin","date":"12 July 2018","format":false,"excerpt":"Global Innovation Index: Egypt stands out among lower-middle income countries and is most improved in MENA. Egypt climbed 10 spots to rank at 95 on the Global Innovation Index (GII) for 2018, up from of 110 last year. The country witnessed the biggest improvement in overall ranking for the MENA\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/594313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=594313"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/594313\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/594306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/594314"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=594313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=594313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=594313"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=594313"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=594313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}