Egypt

Home to an estimated 17.2% of the world’s proven oil reserves and the largest economy in MENA, Saudi Arabia is a key player not only in the region, but also on a global scale. Since its establishment in September 1932, the Kingdom has poured its considerable financial resources into a series of large-scale economic development, diversification and...

SEMIRAMIS INTERCONTINENTAL CAIRO Corniche El Nil, Garden City, Cairo T: +20 (2) 2798 8000 www.intercontinental.com info.semiramisic@ihg.com Rooms: 721 rooms, including 68 business, junior, executive, Nile and presidential suites with Nile view. Business & Conference Facilities: 11 banquet and meeting rooms, in addition to the...

ETIQUETTE: It is integral to Egyptian culture to be courteous to foreigners. A conversation, whether business-related or not, is usually accompanied by coffee, tea or juice. Social rules dictate the appropriate way to greet people in business meetings. Close friends of the same sex will sometimes greet with a kiss on each cheek,...

The legal environment is a major factor in an investor’s decision to set up shop in a foreign country, as is the ease of doing business once the enterprise begins operations. Egyptian laws that are most relevant for foreign investors are those that regulate corporate operations, labour, investment and property.

In the past few years several changes have been made to Egyptian law to reshape the tax system. These reforms are important in light of changes that have recently been implemented in the field of taxation on a global level, due to significant and persistent fluctuations in the world economy.

President Abdel Fattah El Sisi’s declaration that 2019 would be the year of education followed the government’s announcement in 2018 of a major education overhaul programme. The year 2019 thus saw a number of initiatives put in place, most of which were aimed at increasing uptake of technology in classrooms and ultimately creating a dramatic...