Since the start of the nation’s difficult political transition in 2011, Egypt’s capital markets have faced a number of challenges. An economy that was growing at a rate of 7% has given way to a more modest GDP expansion of 2.2% in the 2011/12 fiscal year, while foreign direct investment fell from a net of LE6.76bn ($971.96m) in 2009/10 to just LE2....
Egypt is home to one of the oldest air transport sectors in the Middle East and Africa. Egypt Air, the nation’s flag carrier, was established in 1932. It was the first commercial airline in the region – and only the seventh in the world – to join the International Air Transport Association, the dominant industry organisation. Over the past 80 years...
Even amidst the broader turbulence and upheaval in Egypt, the country’s financial markets have avoided worst-case scenarios in part thanks to a robust regulatory regime and careful intervention. The creation of the Egyptian Financial Supervisory Authority (EFSA) in July 2009 was widely welcomed by both the financial community in Egypt and interested...
Historically, Egypt is one of the largest sources of outward foreign direct investment (FDI) from Africa, a status it has held on to despite the economic slowdown following the 2011 revolution, thanks in large part to a sizeable set of strong industrials that have the capital to expand into the surrounding region. Among the companies currently...
The Arab world’s second-largest economy, with a GDP of $257.3bn in 2012, according to the World Bank, has undergone more than two years of political transition that has yet to be resolved. The results of this process have had a deleterious effect on vulnerable sectors, such as the nation’s traditionally strong tourism industry, frozen out foreign...
With nearly 10,000 km of track, more than 700 stations and around 500m passengers on an annual basis, Egypt’s national rail network is one of the largest in the Middle East. Due to low levels of public investment in rail infrastructure since the late 1970s, as of mid-2013 the system was in a state of disrepair. The widespread lack of network upkeep...
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