Latest in Day: December 10, 2022 Highlight
Latest in Day: December 10, 2022

Egypt’s Environment Minister reviews projects to restore the ecological balance of Lake Qarun
The minister noted that restoring Lake Qarun to its original state provides a greater opportunity for tourism investment and fish farming

Health Ministry organizes 4th annual conference of central laboratories
The conference reviews the latest technical methods and technologies in the field of laboratory analysis, and follows up on future steps for the use of technology and artificial intelligence in the field of medical diagnosis, in a way that contributes to preserving the safety of the Egyptian citizen, by adopting a health-conscious and advanced approach, and raising community immunity.

Qatar Investment to acquire part of TE’s stake in Vodafone Egypt by 1Q 2023: Sources
The sources told Daily News Egypt that the World Cup and the Christmas holidays are behind the postponement of the deal to next year.

Egypt works on limiting population increase: PM Madbouly
Madbouly inspects sports hospital in Suez

Morocco World Cup Semi-Finalists
Morocco are first African and Arab nation to qualify for World Cup semi-finals

CBE, Egyptian government affirm bank confidentiality is not compromised
Provisions of Unified Tax Procedure Law relates to exchange of information with foreign tax authorities, not Egyptian Tax Authority

Korean Ambassador, Head of Arab Organisation for Industrialisation discusses business cooperation
The two parties are working on expanding the scope of cooperation to various fields, such as military production, environment, and water desalination

18.9% increase in volume of trade exchange between Egypt, Arab countries in first 9 months of 2022: CAPMAS
The value of Egyptian exports to Arab countries amounted to $8.8bn

We are keen on expanding cloud computing services: Communications Minister
Talaat also indicated that the average fixed internet speed in Egypt doubled, becoming the highest in Africa, with an average speed of approximately 45 mbps in October 2022, compared to 40th place on the continent in January 2019, with an average speed of 6.51 mbps.

Egypt issues a simplified guide to tax benefits and incentives for investors
The guide includes rules and procedures to make use of these benefits, recognising the importance of developing tax and customs awareness among the business community in a way that contributes to attracting more investments, expanding exports, and then maximising production capabilities.
Morocco make history as first African nation in FIFA World Cup semifinals
Morocco managed to beat Portugal in the FIFA World Cup quarter-finals to become the first African nation to qualify for the semifinals of the World Cup. En-Nesyri’s historic header knocks out Portugal. Morocco are in a six-game unbeaten run in World Cup so far (3 wins and 3 draws). Morocco conceded one goal (own goal) …

HDB pays attention to expanding non-financial business development centres
Banking sector’s provision of non-financial services complementary bank’s goal to support SMEs, entrepreneurs: Hassan Ghanem

Banks expand financial services to people with disabilities upon CBE directives
This aims to facilitate citizens’ access to banking services, products

Egyptian squash players occupy top global ranking for many years: WSF
Madinaty Sporting Club is perfect avenue for hosting 2022 WSF: Egyptian Squash Federation

Volume of trade exchange between Egypt and China increases to $12.7bn in first 9 months of 2022: CAPMAS
The agency also indicated that the value of Egyptian exports to China increased, recording $1.5bn, compared to $1.1bn — an increase of 36.7%.

Swiss banker Pascal Najadi files criminal charges against new Swiss President Alain Berset
Vaccinated people are “not contagious,” the health minister said before the COVID vote. He should have known that this was not true.