News and analysis from the worlds of business, finance and economics
In the midst of Zamalek’s fancy getaways and top-notch dining lounges lies a world of complete amusement. From the arrays of gaming arenas to bookworms’ serenity, Scavengers has taken the step in creating a world of entertainment supremacy.
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The floating of the pound will secure the three-year USD 12 billion loan from the International Monetary Fund (IMF), analysts say.
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Egypt’s current economic crisis and shortage of US dollars has not only affected the prices of commodities and services, but the ability to import basic goods as well.
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The Egyptian government implemented the new Value Added Tax (VAT) law in the first week of September to increase revenues.
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Whether Egypt devalues the currency or floats it, the prices of all goods and services will increase – including AUC tuition fees, half of which are expressed in dollars.
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Cairo could have been listed alongside cities which hold annual festivals, because it used to celebrate Wafa’a el Nile [loyalty to the Nile], a festival commemorating the annual flooding of the river.
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“Egypt is facing many security challenges that keep taking new forms and strategies,” said Associate Professor of Political Science Gamal Soltan.
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Thousands of TV ads, newspaper campaigns, and even a push from former first lady Suzanne Mubarak stressed the importance of slowing down population growth.
The campaigns failed.
The online service allows travelers from all around the world to rent properties listed by home owners on the northern coastline and other coastal areas in Egypt.
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The Central Bank announced last week that restrictions on foreign currency deposits and withdrawals, originally $50,000 a month and $10,000 a day, have been officially lifted for individuals.
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