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Wednesday, 21 August 2019

All quiet on the airwaves last night

Social media tax coming soon: The Finance Ministry will soon announce a VAT on e-commerce platforms and social media ads, Al Hayah Al Youm’s Lobna Assal had the story (watch, runtime: 05:41).

Egyptian banks’ international assets climbed to a record USD 19 bn in July, up from USD 16 bn in June, Assal cited CBE data as showing (watch, runtime: 01:53). The increase is apparently thanks to increased remittances as well as Suez Canal, tourism and export revenues.

The state’s 100k greenhouse project is still getting love on the air with Hona Al Asema’s Lama Gebreil pointing out that it will benefit some 20 mn citizens in Minya and Beni Suef (watch, runtime: 01:34).

PM monitors SME support: Prime Minister Moustafa Madbouly met with SME authority boss Nevine Gamea yesterday to discuss the latest efforts to support the sector, Masaa DMC’s Ramy Radwan noted (watch, runtime: 06:37). The authority has spent EGP 2.8 bn to support over 100 projects that provided 147k jobs in addition to grants amounting to EGP 35 mn. The authority is also increasing its funding for the non-banking sector to EGP 150 mn from EGP 75 mn.

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