1,336 communications sector firms worth EGP 1.34bn established in FY 2019/20: EJB

A total of 1,336 communications sector companies, worth a combined EGP 1.34bn, were established in fiscal year (FY) 2019/20, according to Sherif Makhlouf, head of the Egyptian Junior Business Association’s…

Shaimaa Al-Aees

Egypt Ventures raises EGP 104m investments in 2020: International Cooperation Ministry

Investment firm aims to empower Egypt’s entrepreneurial ecosystem, drive innovation

Nehal Samir

Inequality, economic decline fuel social polarisation, right-wing movements

Provision of social safety nets can prevent this slide into political unrest

Daily News Egypt

3 killed, 17 wounded in bus-truck crash in southern Egypt

Ministry of Social Solidarity ordered urgent aid to families of the victims of bus crash on a desert road of Aswan governorate in southern Egypt

Xinhua

Poverty increases vulnerability to mental health conditions: Study

Eastern Mediterranean countries are witnessing higher rates of mental health disorders than global averages

Daily News Egypt

South Korea to dispatch delegation to Iran for release of oil tanker, sailors

Iran Government spokesman said Tuesday that South Korea has taken as "hostage" over $7bn of Iranian assets, in response to Iranian seizure of oil tanker

Xinhua

Egypt’s central bank allocates EGP 15bn to finance dual-fuel vehicle conversions

According to the central bank imitative loan period ranges from seven to 10 years, with the repayment to be made in equal monthly instalments

Hossam Mounir

Oil prices fall amid OPEC+ deadlock over output cuts

The COVID-19 pandemic took its toll on oil prices in 2020. For the past year, the US benchmark slumped 20.5%, while Brent crude lost 21.5%.

Xinhua

UK PM imposes new coronavirus lockdown on England

Scottish First Minister also announced that Scotland would enter a new lockdown from midnight on Monday, as well as a shutdown of schools until Feb. 1

Xinhua

Iran says seizure of South Korean oil tanker “normal” procedure

The South Korean oil tanker was confiscated on the orders of the provincial judicial authority, and then directed to the port of Bandar Abbas,

Xinhua