With its geographical location making it an ideal land bridge between the Mediterranean and the Red Sea, and one of the major channels of commerce between the Levant, Africa and Arabia, Egypt’s status as a centre of trade was already well established by the era of the Old Kingdom in the third millennium BC.
The country’s widening budget deficit and growing currency pressures seen since the uprising of 2011 have made the efficient use of revenues a primary concern of the Egyptian government. With Suez Canal receipts largely reliant on the fortunes of the global economy and the country’s tourism sector, Egypt’s other major revenue stream, suffering in...
Efforts to shape the geography of Egypt’s economic development in the modern era date back to the 1970s, since which time it has adopted a number of zonal and incentive-based models. Some have proved more successful than others, but in their entirety they represent a crucial asset as the government turns its attention to reversing the decline in...
The Arab world’s second-largest economy, with a GDP of $229bn in 2011 according to the World Bank, has faced exceptional economic circumstances since the start of its political transformation 18 months ago. The turbulent process set in motion then has continued in 2012, and its effects are to be seen across the nation’s balance sheet – from a...
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