While Egypt continues to face considerable economic challenges as it confronts the legacy of its recent political history, at the outset of 2017 the nation’s economic planners have room for optimism. A process of fiscal reform is well under way, a long-awaited legal framework aimed at attracting new investment is almost in place, a...
It has been a long battle, but after years of defending the local currency, the Egyptian government has showed it was willing to end its grip on the pound in 2016, floating the currency after months of speculation. The effects of this decision are likely to be one of the key economic talking points of 2017. As with other significant...
How have low oil prices impacted the ability of Gulf Cooperation Council (GCC) entities to contribute to development projects in Egypt?
Small and medium-sized enterprises (SMEs) play a crucial role in the Egyptian economy, although a historic lack of definitions and the large size of the informal economy have made it hard for government planners to scale their contribution. “Access to information on the SME sector is a major challenge and, as many operate in the informal...
The government has scored some minor successes in the area of taxation over the past two years. The introduction of the long-awaited real estate tax in 2014 was a victory in principle, given its complicated gestation since it was first proposed in 2008.
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