Egypt

Egypt’s legal framework outlines restrictions on foreign investment only in specific sectors. These include commercial agencies (which require 100% local ownership), import firms (51% local ownership) and certain activities that require regulatory approvals – irrespective of the nationality of the investor – such as banking and insurance. Companies operating in the Sinai...

Education is been a primary policy priority for the current administration. Since the government of President Abdel Fattah El Sisi came to power in 2014, it has increased government expenditure on the sector and developed plans for the construction of new schools to meet the demands of the growing population.

The introduction of an overarching health care reform in 2018, aimed at providing universal coverage, has helped to initiate a complete overhaul of the Egyptian public health system. The Universal Health Insurance (UHI) policy is seeking to reshape the fragmented health care system and encourage greater collaboration between the public and private sectors. Currently, rapid...

The global tourism industry faces numerous challenges when it comes to decarbonisation, as highlighted by a November 2021 report from the World Travel & Tourism Council (WTTC), in collaboration with the UN Environment Programme and multinational consulting firm Accenture. In the years prior to the pandemic the sector thrived, recording its 10th consecutive year of growth...

In the years leading up to the Covid-19 pandemic, the tourism sector was a key contributor to economic growth and foreign exchange. Egypt was expecting significant growth in tourism going into 2020 with the opening of new flight routes and museums, as well as investment in antiquities. The pandemic’s impact on the tourism sector in markets around the world was significant, as...

As environmental, social and governance concerns become increasingly important in the corporate world, insurance companies are emerging as potentially key players in the shift away from fossil fuel-powered projects. The launch of the UN-convened Net-Zero Insurance Alliance (NZIA) in July 2021 reflects the global industry’s wider recognition of climate risks.