Benefitting from the nation’s increasing economic stability over the past year, Egypt’s banks have enjoyed both ratings upgrades and continued profitability. Thanks to an ambitious government development strategy and new investment legislation, the project finance pipeline is returning to form after a period of muted activity. Elsewhere on the aggregate loan book, competition is heating up to...
Egypt
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After several years marked by turbulence and uncertainty, Egypt’s economy received two welcome boosts in 2015. The first was the successful conclusion to the Egypt Economic Development Conference (EEDC) in the first quarter of the year. The second was the successful passage of the 2015/16 budget, which builds upon delicate but necessary reforms to improve Egypt’s public finances. The...
Chapter | Country Profile from The Report: Egypt 2016
Lying astride trade routes linking West, East, North and South, Egypt has long been at the heart of regional and global commerce. For the past century and a half, the Suez Canal has been a major conduit for international trade, including oil. Building on decades of leadership in the Arab world, Egypt is undergoing major governmental transformation in the aftermath of the 2011 revolution....
Located at a crossroads between Africa, Asia and Europe, Egypt remains one of the world’s most strategically important countries, as it has been for millennia. Egypt has the third-largest GDP in the Arab world, after oil-rich Saudi Arabia and the UAE. It is considerably more diversified than many economies in the region, with manufacturing and agriculture key contributors, making up 14.5% and 15.7% of GDP, respectively, according to the Central Bank of Egypt, as well as oil and gas extraction.
Articles & Analysis | Useful facts and information for visitors to Egypt from The Report: Egypt 2016
ETIQUETTE: It is integral to Egyptian culture to be courteous to foreigners. A conversation, whether business-related or not, is usually accompanied by coffee, tea or juice. Social rules dictate what is appropriate for greeting people in business meetings. Close same-sex friends will sometimes greet...
Articles & Analysis | Important phone numbers in Egypt from The Report: Egypt 2016
Cabinet 2793 5000 Ministry of Defence & Military Production 2403 2158 Ministry of Petroleum & Mineral Wealth 2760 1401 2263 1000 Ministry of Electricity & Renewable Energy 2401 2361 2261 6299 Ministry of Foreign Affairs 2574 9821/16 Ministry of Communication & Information Technology 2344 4544 3534 1330 Ministry of Manpower 2260...