Egypt’s growing population and dynamic economy have resulted in a need for greater infrastructure development over recent years. Given that cars remain Egypt’s most popular mode of personal transportation – as do trucks for carrying cargo – this need is seen most notably in its roads; Cairo and many other cities in the country display chronic...
For Egypt, which is looking to integrate more fully into global value chains, the development of comprehensive transport infrastructure is vital to longterm growth. The government has made transport investment a priority – both in an effort to boost foreign trade, and to ameliorate the growing urban congestion and pollution arising from rapid...
From the New Suez Canal to the East Port Said development, Egypt’s logistics ecosystem has expanded substantially in recent years despite headwinds resulting from the US-China trade war in 2019. However, as the Covid-19 pandemic began to spread across the world in early 2020, key transport connections were disrupted due to restrictions on...
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...
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,...
The first cryptocurrency transaction in history was feted in just two words: “Running Bitcoin”. This came in the form of a tweet on January 11, 2009 by Hal Finney, a US software developer. Some 10 years and over 1600 initial coin offerings later, the world of crypto-, virtual and other digital currencies looks to have provoked an active...
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