The 2011 revolution had an impact on Egypt’s sizable banking sector but was not nearly as dramatic as was expected, thanks to a steady stream of reforms since 2004 that have improved the overall health and transparency of the country’s financial institutions. High exposure to sovereign debt weakened the outlook for some banks, and profitability took a hit, but overall liquidity remains high,...
Egypt
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The Arab world’s second largest-economy, with the GDP of $229bn in 2011 according to the World Bank, has faced exceptional economic circumstances since the start of its political transformation 18 months ago. Despite a slowdown from the roughly 7% annual growth rate posted for the seven years prior to, Egypt showed a relatively robust 4.7% GDP expansion for the 2008/09 financial year.
Economic update | Egypt: Housing a priority
1 Oct 2012
For many years, one of the greatest challenges Egypt has faced has been providing housing for its growing, youthful population. Indeed, the lack of decent housing for those in the lower- to middle-income bracket is thought to have been one of the triggers of last year’s revolution. The newly installed government, headed by Mohammad Morsy, is likely to make the housing shortfall a priority.
This section features an article on the country’s footballers, plus helpful listings of hotels, useful contact details, and facts for first-time business and leisure travellers.
Chapter | Legal Framework from The Report: Egypt 2012
This chapter provides essential legal information for establishing a company in-country, with the aid of Helmy, Hamza & Partners. This section also features an interview from Hatem Soliman, International Partner, Helmy, Hamza & Partners (Baker & McKenzie).
With assistance from Deloitte, Oxford Business Group delves into the details of Egypt’s tax laws.