Category: ECONOMY
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Hurghada witnesses the opening of Egypt’s first miniature city
Mini Egypt Park is the first Egyptian miniature park, located in Hurghada. Due to the sheer size of the country and the vast distances between many of these real-world landmarks, tourists do not often get the opportunity to visit all of them. The park affords tourists the opportunity, in a sense, to visit all of…
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Promoting Social and Solidarity Economy in Greece
The term Social and Solidarity Economy (SSE) refers to a broad range of organizations that are distinguished from conventional for-profit enterprises by two core features. First, they have explicit social (and often environmental) objectives. Second, they involve varying forms of co-operative, associative and solidarity relations. They include, for example, cooperatives, mutual associations, women’s self-help groups, social enterprise…
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Greece remains the leading ship-owning country
The top five economies by flag of registration were Panama, Liberia, the Marshall Islands, Hong Kong (China) and Singapore. The Greeks have not been quite so dominant in the newbuild market, as78 per cent of the fleet (by tonnage) are registered under a foreign flag. The largest shipbuilding countries are China, Japan and the Republic…
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Funding Entrepreneurship in Cairo
In January of this year, the CBE launched a program to finance 350,000 SMEs for EGP 200 billion (US $22.5 billion) over the next four years, with a declining interest rate of 5% annually, and introduced a policy that will oblige banks to commit 20% of their total loan portfolio to SMEs. But in spite of these…