Heightened activity across several of Egypt’s large, new gas fields and government policy measures aimed at encouraging the sector’s development have put the country on course to reach its target of becoming a net exporter by 2019.
Egypt
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In spite of Egypt’s macroeconomic headwinds, the country’s real estate market has benefitted in recent months from steady demand and currency reforms, resulting in a busy pipeline of new projects and investment funds.
Egypt’s banks are seeing rising profits and robust capitalisation, as evidenced by a flurry of recent releases of FY 2015/16 results from the country’s major banks.
Egypt’s tourism sector has had a difficult few years, but a mix of initiatives from the government, including a new funding strategy and relaxed flight restrictions, could pave the way to recovery.
More details have emerged regarding Egypt’s ambitious programme of economic reform, as the country remains on course to receive the next allocation of a $12bn loan from the IMF to support its efforts.
