To what extent can banks help promote sustainable or green economic growth?
Egypt Financial Services
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Interviews & Viewpoints | Hussein Abaza, CEO, Commercial International Bank: Interview from The Report: Egypt 2022
Located at the geographic centre of the MENA region, Egypt has a well-documented history that has seen it accumulate knowledge and wealth over millennia. Egypt proved resilient during the Covid-19 pandemic: it was the only country in the MENA region to record positive GDP growth in 2020. Its economy has been widely driven by the execution of Egypt Vision 2030. This plan notably aims to increase annual GDP to 12% in 2030.
Economic update | Covid-19 and Egyptian insurance: why are insurers cautiously optimistic about the future?
7 Oct 2020
While the coronavirus pandemic has had a negative impact on Egypt’s insurance sector, the continued rollout of universal health coverage, alongside targeted expansion in particular segments, could provide potential for future growth.
Articles & Analysis | What policies are increasing market capitalisation in Egypt? from The Report: Egypt 2020
The Egyptian Exchange (EGX) is one of the oldest stock markets in the Middle East and can be traced back to 1883. It covers the main market, an over-the-counter market and the Nile Stock Exchange (Nilex), the last of which is a market for small and medium-sized enterprises. As of April 2020 there were 218 companies listed on the main market,...
Articles & Analysis | Will Egypt's capital markets see a boost in return rates? from The Report: Egypt 2020
Egypt’s capital market has been noticeably attracting foreign inflows since the floatation of the Egyptian pound in November 2016, which was part of the country’s economic reform programme agreement signed with the IMF under the $12bn extended fund facility. The currency devaluation was followed by 700 basis-point interest rate hikes, taking...