Traders at the stock exchange in Cairo, Egypt. Reuters
Egypt’s communications ministry will begin work on a 40 billion Egyptian pound ($2.44 billion) telecommunications network in the first phase of a new capital city being built east of Cairo, a cabinet statement said.
Business sentiment around future activity soared to the highest in one-and-a-half years in August, as more Egyptian firms expressed optimism for growth.
Egypt’s economy recorded an annualised growth rate of 2% in the second quarter of its 2020-21 fiscal year, and 1.35% in the first half of the same, Planning Minister Hala Al Saeed said.
The total number of billionaires in the UAE reached 45 in 2022, while their wealth increased by 10.8% annually to reach $200 billion, according to the "Census of Billionaires" report.
The UAE Ministry of Finance has released two new decisions that together specify the main features of the Corporate Tax regime as it applies to juridical persons operating out of free zones in the UAE.
During its participation at the second annual Make it in the Emirates Forum, the Sharjah FDI Office (Invest in Sharjah), has shared with the largest industrial companies
The agreement will unlock skilled jobs for UAE talent in the private sector, in Adnoc’s supply chain, and equip them to succeed in their careers through several programs and incentives that will enhance their skills and competitiveness.