Although summer 2013 has seen increased political risk and uncertainty in the country’s broader macroeconomic environment, the positive financial results of Egypt’s banking sector over 2012 and into 2013 attest to its overall resilience. A process of regulatory reform, which began in 2004, underpins this solid performance, and continues to this day...
Small and medium-sized enterprises (SMEs) have occupied a prominent place in government policy since 2002, when the Ministry of Finance introduced a more favourable tax regime for the segment. Since then, further government initiatives have sought to diversify the economy and provide employment for a rapidly expanding population by enhancing SMEs’...
It was recently announced that a delegation from the IMF is set to arrive in Cairo to pursue negotiations regarding its expected loan to Egypt. A general consensus has recently emerged that the IMF is urging Egypt to implement a financial austerity programme, aimed mainly at controlling government finances and reducing the country's budget...
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