Pensions paid through Egypt Post rise by 4.3% in Q1

Pensions paid through Egypt Post increased 4.3% in the first quarter (Q1) of 2015 to 5.06m pensions, compared to 4.8m pensions in 2014, according to a Ministry of Communication and Information Technology report.

The report, issued in July, also revealed an increase in the number of companies working in the communications, information technology, and added-value sector over the first three months of this year. The increase amounted to 11.1% compared to the same period last year.

Information technology companies acquired the highest share of companies working in the sector, at 77.1%. The added-value companies’ share in the sector was at 15.7%, while communications companies acquired 7.1%.

The report indicated that communications companies had the highest percentage of the total issued capitals in the entire sector, at 78%. The issued capitals of information technology companies were 18.5% of the total, while added-value companies acquired 3.4%.

The report also showed that the number of mobile phone users decreased during April. The decrease amounted to 9% compared to the same period last year. Mobile phone users during April reached 96 million, instead of 101.9 million users during April 2014. The percentage of Internet users among the population declined from 120.2% to 111.2%.

Source: Daily News Egypt