E5: EGP's High, Tariff Troubles, & Social Media Licenses

Welcome to the 5th episode of Money in Minutes! Your daily financial news, delivered fast and fun. Today, we're diving into the week's biggest headlines in just a few minutes, with a good laugh or two along the way!

Here’s what’s hot off the press:

• The Egyptian Pound is flexing its muscles, hitting a nine-month high against the USD, which is great news for the economy and even helping to potentially delay electricity price hikes. Looks like EGP's having a glow-up!

• Donald Trump is playing hardball with tariffs! The US President has unveiled new tariffs, with Canada getting a whopping 35% slap on the wrist, and India looking at 25% if talks don't go well. It's a global trade tango, and some partners are definitely feeling the pinch.

• Real estate developers in Egypt are feeling the squeeze. New fees have been imposed on developments and agricultural land along the Dabaa Axis, adding to similar charges on the Cairo-Alex Desert Road and North Coast. It seems the cost of land is only going one way!

• The Suez Canal Authority is rolling out the red carpet (and discounts!), extending a 15% reduction on container ship crossing fees until the end of 2025 to encourage traffic amidst Red Sea disruptions. Come on down, shippers!

• And finally, a big one for our digital mavens: The UAE Media Council is now requiring social media content creators to get advertising permits for promotional content. So, if you're an influencer, better get your paperwork in order – spontaneity is out, compliance is in!

Tune in, catch up, and let’s make sense of your money, in minutes!

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