Recent macroeconomic trends – particularly the depreciation of the Egyptian pound and the foreign currency shortage – reflected both positively and negatively on Egypt’s real estate market throughout 2016, resulting in mixed results and predictions across the sector. In March 2016 the Central Bank of Egypt made the decision to devalue the...
The expansion of Cairo to the east and west of the downtown area has been going on for decades, to varying degrees of success. This growth has long appealed to Egyptian government officials looking for ways to relieve some of the pressure placed on the densely populated city’s ageing infrastructure. According to the most recent data available...
In October and November 2016, three of Egypt’s main mobile telecommunications operators – namely Vodafone Egypt, Etisalat Misr and Orange Egypt – signed 4G LTE licence agreements with the country’s telecoms regulator, the National Telecom Regulatory Authority (NTRA). This embrace of new, high-speed mobile technology by the nation’s...
As of the end of 2016, Egypt’s telecommunications sector was strongly positioned for future growth. With more than 95m mobile subscribers, many of whom are young, the nation’s three mobile telecoms providers – namely Vodafone Egypt, Etisalat Misr and Orange Egypt – are investing heavily in network expansion, quality of service improvements and...
In mid-August 2016 the European Outsourcing Association (EOA) announced that Egypt had been shortlisted for Outsourcing Destination of the Year. The Arab Republic was one of only four countries to make the list, alongside Belarus, Fiji and Sri Lanka. For many local BPO firms currently operating in the country, Egypt’s status as a major centre...
The steady advance of ICT over the past decade has left Egypt’s tech industry in a strong position, despite the nation’s ongoing economic and political challenges. The country has seen a significant rise in internet penetration in recent years, as a result of growing usage among middle class Egyptians and the business community, rapidly...
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