What impact has the currency flotation had on the banking sector, and what can we expect for 2018?
Egypt
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Egypt has outlined a series of reforms aimed at expanding insurance penetration, with the expectation that regulatory measures, coupled with the rollout of universal health coverage, will lead to a doubling of premiums within the next five years.
Along with a recent uptick in foreign arrivals, Egypt’s tourism industry should receive a boost from the resumption of direct flights to and from Russia, one of the country’s largest sources of international visitors.
Articles & Analysis | Egypt could become a natural gas exporter again from The Report: Egypt 2018
New discoveries have brought confidence that natural gas imports, currently the primary fuel source for Egypt’s power plants, will decline significantly once the fields start producing. The government will no doubt be looking to this new production to supply the ever-increasing demand, leading to energy self-sufficiency and, eventually, surplus.
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