Reinsurance has been a significant path for international participation in the market and it remains important for Egyptian insurers. The subsector began in Egypt in 1957 with the formation of Egyptian Reinsurance. That mandatory cession to Egypt Re, originally established as a state-owned firm in 1957 but subsequently merged with Misr...
GB Auto is a leading automotive player in the Middle East and North Africa. It is the sole assembler and distributor of both Hyundai passenger cars (PC) as well as the Geely Emgrand 7, and the exclusive Mazda PC distributor in Egypt with a total market share of 30%, the highest among industry players. Through a 50/50 joint venture (JV) the...
How will the Tripartite Free Trade Area (TFTA) agreement impact intraregional trade in Africa?
What have been the primary drivers of the index’s strong growth over 2014 and into 2015?
The expansion of the Suez Canal, completed in early August 2015, could be a significant step towards solidifying Egypt’s position as a logistics and trade centre, leveraging its location astride major East-West shipping routes. The goal of boosting traffic on the 163-km canal – a key source of government revenue and hard currency – is...
Egypt’s determination to modernise its economy is very impressive. It has conducted robust reforms over the past year, most notably to offset the macroeconomic instabilities that affect the country’s development. The resumption of talks with the IMF is in this respect a particularly encouraging sign. Its resolve to offer a favourable business...
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