• The arrivals' terminal at Beirut international airport is pictured as it re-opens. AFP
    The arrivals' terminal at Beirut international airport is pictured as it re-opens. AFP
  • An airport worker wearing a protective suit sprays disinfectant as a precaution against the spread of the Covid-19. EPA
    An airport worker wearing a protective suit sprays disinfectant as a precaution against the spread of the Covid-19. EPA
  • Beirut's airport is partially reopening after a three-month shutdown and Lebanon's cash-strapped government hopes thousands of Lebanese expatriates will return for the summer, injecting badly needed dollars into the sinking economy. AP
    Beirut's airport is partially reopening after a three-month shutdown and Lebanon's cash-strapped government hopes thousands of Lebanese expatriates will return for the summer, injecting badly needed dollars into the sinking economy. AP
  • Social distancing markings have been established in the arrival hall of the Rafik Hariri international airport during its re-opening in Beirut. EPA
    Social distancing markings have been established in the arrival hall of the Rafik Hariri international airport during its re-opening in Beirut. EPA
  • Social distancing markers line the floors to the passport control area in the departures hall at Rafik Hariri International Airport in Beirut. Bloomberg
    Social distancing markers line the floors to the passport control area in the departures hall at Rafik Hariri International Airport in Beirut. Bloomberg
  • People arriving at Beirut international airport stop at a counter manned by health workers as the airport re-opens in the Lebanese capital. AFP
    People arriving at Beirut international airport stop at a counter manned by health workers as the airport re-opens in the Lebanese capital. AFP
  • A member of a Lebanese General Security checks the passports of passengers upon her arrival at Rafik Hariri international airport during its re-opening in Beirut. EPA
    A member of a Lebanese General Security checks the passports of passengers upon her arrival at Rafik Hariri international airport during its re-opening in Beirut. EPA
  • Medical workers wearing personal protective equipment collect Covid-19 swab samples as they test travellers inside the arrivals hall at Rafik Hariri International Airport in Beirut. Bloomberg
    Medical workers wearing personal protective equipment collect Covid-19 swab samples as they test travellers inside the arrivals hall at Rafik Hariri International Airport in Beirut. Bloomberg
  • A passenger arrives at the Rafik Hariri international airport during its re-opening in Beirut, Lebanon. EPA
    A passenger arrives at the Rafik Hariri international airport during its re-opening in Beirut, Lebanon. EPA
  • A worker carries luggage at Rafik Hariri international airport during its re-opening in Beirut at 10 per cent capacity, which is expected to bring in around 2,000 travellers per day. EPA
    A worker carries luggage at Rafik Hariri international airport during its re-opening in Beirut at 10 per cent capacity, which is expected to bring in around 2,000 travellers per day. EPA
  • Social distancing markers sit on the floor around the baggage reclaim carousel in the arrivals hall at Rafik Hariri International Airport in Beirut. Bloomberg
    Social distancing markers sit on the floor around the baggage reclaim carousel in the arrivals hall at Rafik Hariri International Airport in Beirut. Bloomberg
  • Passengers wearing protective face masks walk through the baggage reclaim area inside the arrivals hall at Rafik Hariri International Airport in Beirut. Bloomberg
    Passengers wearing protective face masks walk through the baggage reclaim area inside the arrivals hall at Rafik Hariri International Airport in Beirut. Bloomberg
  • With many governments loosening travel restrictions to restart economies, airlines have begun restoring flights that were put on hold as the coronavirus pandemic spread. Bloomberg
    With many governments loosening travel restrictions to restart economies, airlines have begun restoring flights that were put on hold as the coronavirus pandemic spread. Bloomberg
  • Lebanon was faster than most other countries to decide on a lockdown to avoid the spread of the Covid-19 coronavirus. By the end of February, schools were closed, and the airport and most bars and restaurants soon follow suit. AFP
    Lebanon was faster than most other countries to decide on a lockdown to avoid the spread of the Covid-19 coronavirus. By the end of February, schools were closed, and the airport and most bars and restaurants soon follow suit. AFP
  • Health workers checks the temperature of a passenger at the departure terminal of the Rafik Hariri International Airport during its re-opening in Beirut. EPA
    Health workers checks the temperature of a passenger at the departure terminal of the Rafik Hariri International Airport during its re-opening in Beirut. EPA
  • People wearing protective face masks against Covid-19 are pictured at the departure terminal of the Rafik Hariri international airport during its re-opening. EPA
    People wearing protective face masks against Covid-19 are pictured at the departure terminal of the Rafik Hariri international airport during its re-opening. EPA
  • Passengers and officials wearing protective face masks against Covid-19 are pictured at Beirut international airport as it re-opens. AFP
    Passengers and officials wearing protective face masks against Covid-19 are pictured at Beirut international airport as it re-opens. AFP
  • A healthcare worker adjusts the mask of a passenger who is departing the Rafik Hariri International Airport in Beirut, Lebanon, Wednesday, July 1, 2020. AP
    A healthcare worker adjusts the mask of a passenger who is departing the Rafik Hariri International Airport in Beirut, Lebanon, Wednesday, July 1, 2020. AP
  • People wearing protective face masks against Covid-19 are pictured at the departure terminal of the Rafik Hariri international airport during its re-opening in Beirut. EPA
    People wearing protective face masks against Covid-19 are pictured at the departure terminal of the Rafik Hariri international airport during its re-opening in Beirut. EPA
  • People wearing protective face masks against Covid-19 are pictured upon their arrival at the terminal of the Rafik Hariri International Airport during its re-opening in Beirut. EPA
    People wearing protective face masks against Covid-19 are pictured upon their arrival at the terminal of the Rafik Hariri International Airport during its re-opening in Beirut. EPA
  • Lebanese soldiers stand guard as a woman leaves the Rafik Hariri International Airport in Beirut. AP
    Lebanese soldiers stand guard as a woman leaves the Rafik Hariri International Airport in Beirut. AP
  • Lebanese soldiers stand guard as a woman leaves Rafik Hariri international airport during its re-opening in Beirut. EPA
    Lebanese soldiers stand guard as a woman leaves Rafik Hariri international airport during its re-opening in Beirut. EPA
  • A passenger waits in the departure hall of the Rafik Hariri international airport during its re-opening in Beirut. EPA
    A passenger waits in the departure hall of the Rafik Hariri international airport during its re-opening in Beirut. EPA
  • Passengers wearing protective face masks push luggage carts outside the terminal at Rafik Hariri International Airport in Beirut. Bloomberg
    Passengers wearing protective face masks push luggage carts outside the terminal at Rafik Hariri International Airport in Beirut. Bloomberg

‘There is no future’: scores of Lebanese flee economic crisis


Sunniva Rose
  • English
  • Arabic

At dawn at Beirut airport, Wafic Saab said a quick farewell to his wife and two young boys before they rushed through the gate, hurrying to catch their plane to Canada.

Mr Saab never thought the day would come when his Lebanese-Canadian wife would leave their country with little prospect of return.

“Life has become very hard here,” said Mr Saab, as he stood alone in the near-empty departure hall. "I honestly do not know what awaits us.

“I will do my best for them to return but if you asked me whether I’m optimistic about it, I would say no. On the contrary, I’m very pessimistic.”

His wife, Lama Moubarak Saab, told The National as she pushed her trolley overflowing with luggage: "We don't know if a war is coming with Israel, or a civil war might break out.

"I have no idea. So I think it’s safer for me to just go back home to Canada."

The Lebanese are reeling from their country’s worst economic crisis in recent history.

Hundreds of thousands have lost their jobs, the local currency has tanked and inflation is rising rapidly.

The government has hit a brick wall in its negotiations for a bail-out with the International Monetary Fund.

As politicians bicker over the size of the banking sector’s losses, prospects of recovery remain dim.

Many say that the current crisis, which predates the coronavirus pandemic, is worse than past wars.

“It’s just not working,” said Dominique, another Lebanese-Canadian who decided to leave Lebanon with his wife and two teenage sons.

Dominique fled to Canada in 1989, during some of the civil war’s fiercest clashes, before returning to Lebanon 16 years later.

“The situation now is really bad,” he said. “We’re going back to our second home with the children.”

With the reopening of Beirut airport on July 1 after more than three months of closure over coronavirus concerns, a massive brain drain is occurring.

Emigration is not a new phenomenon in Lebanon, which relies heavily on remittances sent from its large number of citizens working abroad.

But lawyers and researchers have noticed a sharp rise in requests for information.

  • Anti-government protesters carry Lebanese flags and burn tyres as they block the main highway in north of Beirut during a protest over deteriorating living conditions. EPA
    Anti-government protesters carry Lebanese flags and burn tyres as they block the main highway in north of Beirut during a protest over deteriorating living conditions. EPA
  • Lebanon has been seeing months of protests against the current government fuelled by the dire state of the domestic economy. EPA
    Lebanon has been seeing months of protests against the current government fuelled by the dire state of the domestic economy. EPA
  • Many citizens fear that the combination of rising unemployment, poverty, sectarian tensions, the devaluation of the Lebanese pound and the ongoing pandemic disease may spark another violent conflict. EPA
    Many citizens fear that the combination of rising unemployment, poverty, sectarian tensions, the devaluation of the Lebanese pound and the ongoing pandemic disease may spark another violent conflict. EPA
  • Lebanese army soldiers intervene as anti-government protesters attempt to block the main highway but with crashing currencies salaries have lost most of their value with soldiers reportedly earning the equivalent of as little as $110 a month. EPA
    Lebanese army soldiers intervene as anti-government protesters attempt to block the main highway but with crashing currencies salaries have lost most of their value with soldiers reportedly earning the equivalent of as little as $110 a month. EPA
  • Anti-Government protestors burn tyres as they block the main highway during a protest over deteriorating living conditions after the government raised subsidized bread prices. EPA
    Anti-Government protestors burn tyres as they block the main highway during a protest over deteriorating living conditions after the government raised subsidized bread prices. EPA
  • Anti-Government protestors set garbage bins on fire and block the majority of the main roads during a protest over deteriorating living conditions. EPA
    Anti-Government protestors set garbage bins on fire and block the majority of the main roads during a protest over deteriorating living conditions. EPA
  • Anti-Government protestors set garbage bins on fire and block the majority of the main roads. EPA
    Anti-Government protestors set garbage bins on fire and block the majority of the main roads. EPA
  • Anti-Government protestors set garbage bins on fire and block the majority of the main roads. EPA
    Anti-Government protestors set garbage bins on fire and block the majority of the main roads. EPA
  • Anti-Government protestors set garbage bins on fire and block the majority of the main roads. EPA
    Anti-Government protestors set garbage bins on fire and block the majority of the main roads. EPA
  • A man counts US dollar banknotes next to Lebanese pounds at a currency exchange shop in Beirut. Reuters, file
    A man counts US dollar banknotes next to Lebanese pounds at a currency exchange shop in Beirut. Reuters, file

"We get almost two requests a week," lawyer Fouad Debs told The National. "Until four months ago, we only received two a year."

His firm, Debs and Associates, does not specialise in emigration but is on a list of suggested lawyers on the website of the US embassy in Beirut.

“The brain drain is happening and is going to increase because I don’t see the situation getting better any time soon," Mr Debs said.

"People are getting really desperate. The only way out is to leave."

Emigration might be easier for dual nationals but many others are also trying their luck.

“This is the first time that I leave Lebanon,” said a Lebanese nurse, 26, as he walked towards the departure gate at Beirut airport.

“I’m going to start [afresh] in Turkey with my wife. It’s safer.”

He said the main factor pushing him to leave was that his monthly salary in Lebanon was now worth “$100 to $200".

The national currency has lost almost 80 per cent on the black market since banks started limiting cash withdrawals last November.

Finding US dollars, which used to be used alongside Lebanese pounds, has become nearly impossible.

“This crisis was the signal for me to anchor my children in Europe instead of Beirut,” said Hala, a charity worker with French residency who was flying out of Beirut that morning with her daughter, 16.

“I am afraid of insecurity and that schools won’t open like before. I don’t mind living that but I don’t know why my children should."

Private universities and schools are becoming unaffordable for many Lebanese families since they started adjusting their rates to the black market.

“Long-term emigration is becoming a better option than studying here,” political researcher Nizar Hassan said.

“If you get a degree here, you don’t have a competitive advantage in the job market and you probably won’t find work.”

Famines and security crises have pushed the Lebanese to emigrate since the 19th century.

The country now has a diaspora that is nearly three times larger than the number of inhabitants.

But emigration also persisted in times of peace because the structure of the Lebanese economy does not produce enough jobs for its graduates, Mr Hassan said.

This only accelerated with the latest economic collapse.

“It’s a very concerning social phenomenon,” Mr Hassan said.

Leaving Lebanon is not an easy choice, said Mr Saab, a hairstylist.

He will probably soon shut down his three branches of hair salons in Lebanon and move to Dubai, where one remains open, and then consider his options of reunion with his family.

“I’d rather not go to Canada because it’s far," Mr Saab said. "My family is here, my mum, and my brothers. It’s hard to move in these circumstances."

His wife, who moved to Lebanon after their marriage 12 years ago, was reluctant to leave.

“But I asked her one question: 'What’s the most important thing in your life? Is it your children? Then go. Here, there is no future',” Mr Saab said.

UAE currency: the story behind the money in your pockets
Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

THE SPECS

Range Rover Sport Autobiography Dynamic

Engine: 5.0-litre supercharged V8

Transmission: six-speed manual

Power: 518bhp

Torque: 625Nm

Speed: 0-100kmh 5.3 seconds

Price: Dh633,435

On sale: now

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

ICC T20 Rankings

1. India - 270 ranking points

 

2. England - 265 points

 

3. Pakistan - 261 points

 

4. South Africa - 253 points

 

5. Australia - 251 points 

 

6. New Zealand - 250 points

 

7. West Indies - 240 points

 

8. Bangladesh - 233 points

 

9. Sri Lanka - 230 points

 

10. Afghanistan - 226 points

 
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

If you go

The Flights

Emirates and Etihad fly direct to Johannesburg from Dubai and Abu Dhabi respectively. Economy return tickets cost from Dh2,650, including taxes.

The trip

Worldwide Motorhoming Holidays (worldwidemotorhomingholidays.co.uk) operates fly-drive motorhome holidays in eight destinations, including South Africa. Its 14-day Kruger and the Battlefields itinerary starts from Dh17,500, including campgrounds, excursions, unit hire and flights. Bobo Campers has a range of RVs for hire, including the 4-berth Discoverer 4 from Dh600 per day.

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

Tips to keep your car cool
  • Place a sun reflector in your windshield when not driving
  • Park in shaded or covered areas
  • Add tint to windows
  • Wrap your car to change the exterior colour
  • Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
  • Avoid leather interiors as these absorb more heat

Engine: 80 kWh four-wheel-drive

Transmission: eight-speed automatic

Power: 402bhp

Torque: 760Nm

Price: From Dh280,000

The%20specs
%3Cp%3E%3Cstrong%3EPowertrain%3A%20%3C%2Fstrong%3ESingle%20electric%20motor%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E201hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E310Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20auto%0D%3Cbr%3E%3Cstrong%3EBattery%3A%20%3C%2Fstrong%3E53kWh%20lithium-ion%20battery%20pack%20(GS%20base%20model)%3B%2070kWh%20battery%20pack%20(GF)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E350km%20(GS)%3B%20480km%20(GF)%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C900%20(GS)%3B%20Dh149%2C000%20(GF)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A

Veil (Object Lessons)
Rafia Zakaria
​​​​​​​Bloomsbury Academic

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A