The Arab world’s second-largest economy, with a GDP of $257.3bn in 2012, according to the World Bank, has undergone more than two years of political transition that has yet to be resolved. The results of this process have had a deleterious effect on vulnerable sectors, such as the nation’s traditionally strong tourism industry, frozen out foreign...
With nearly 10,000 km of track, more than 700 stations and around 500m passengers on an annual basis, Egypt’s national rail network is one of the largest in the Middle East. Due to low levels of public investment in rail infrastructure since the late 1970s, as of mid-2013 the system was in a state of disrepair. The widespread lack of network upkeep...
Entering Egypt’s banking sector has long been a challenging proposition. The large number of domestic players serving a bankable population limited by low salaries and high informal employment has left the Central Bank of Egypt (CBE) reluctant to license new lenders. The last major alteration to the sector’s ownership came in 2004, when the Central...
THE COMPANY: Madinet Nasr for Housing & Development (MNHD) was established in 1959 by governmental decree to develop present-day Nasr City. The company also operates in construction works through two subsidiaries: El Nasr Utilities, 95% owned, and Nasr Company for Civil Works, 52% owned. Over the...
What needs to be done to improve the distribution of fast-moving consumer goods (FMCGs)?
Ever since it was opened in 1879, the Suez Canal has been the most important transport artery in Egypt and a lynchpin of the global economic system – some 10% of world trade passes through the canal each year. As such, the canal is a major revenue earner for the government, with toll fees totalling $5.1bn in 2012, roughly a 10th of the country’s...
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