Egypt
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Society
Egypt resumes daylight saving time, seven years later
After seven years without applying it, Egypt announced it would resume daylight saving time this year. Officials hope to save energy, and collect foreign reserves from natural gas exports.
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Business
Egypt government wants to temporarily lift tax on imports of some cars
The government of Egypt agreed on a bill that would allow oversea Egyptians tp import cars without tax in the territory. In return, the country will collect some foreign reserves for five years.
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Business
Egypt will control the price of unsubsidized bread for 3 months
In the context of food price increases, Egypt will control the price of bread to limit inflation on a particularly essential food commodity for Egyptians.
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Politics
The controversial Grand Ethiopian Renaissance Dam on the Nile started generating power
Ethiopia's dam on the Blue Nile was inaugurated on Sunday while Egypt strongly disagrees with the project.
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Politics
President of Egypt wants to increase the price of bread
President of Egypt wants to increase the price of subsidized bread. A sensitive topic as bread is a central piece of the Egyptian diet.
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Business
Egypt Will Use Plastic Banknotes By November 2021
Egypt will start releasing banknotes made of polymer in November. Plastic banknotes are considered to be more difficult to forge with a longer lifespan.
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Politics
Ethiopia, Egypt and Sudan can’t agree on Nile dam
Disagreements on the Grand Ethiopian Renaissance Dam between Egypt, Sudan and Ethiopia are still unresolved. Egypt feels vulnerable, Sudan gets a tougher approach, Ethiopia rejects colonial-era treaties. And the reservoir are soon going to be filled for the 2nd year without an agreement.
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