The usefulness of remittances to the Egyptian economy is something that has been noted by successive governments since the beginning of the nation’s history as a modern republic. During the 1960s, President Gamal Abdel Nasser famously looked to the Egyptian diaspora for valuable foreign currency, appealing to the national pride of Egyptians working...
THE COMPANY: Amer Group Holding specialises in the development of mixed-use resort destinations under the Porto World concept, including residential units, hotels, malls and restaurants, thus providing it with multiple revenue streams. The company applies the principles of sharia law in its operations....
Small and medium-sized enterprises (SMEs) have occupied a prominent place in government policy since 2002, when the Ministry of Finance introduced a more favourable tax regime for the segment. Since then, further government initiatives have sought to diversify the economy and provide employment for a rapidly expanding population by enhancing SMEs’...
While the summer of 2013 saw further instability in the broader political arena, Egypt's insurers have largely avoided the worst excesses of the fallout of the past two years. The Egyptian insurance industry is characterised by considerable competition on price, low market penetration and the continued dominance of the state-backed Misr Insurance....
While Egypt has a number of long-term assets – including a large and growing population, broad export profile, strong manufacturing base, natural resources and huge potential tourism revenues – the uncertainty over the country’s stability, economic indicators and broader policies has slowed growth and production over 2013 (see Economy chapter)....
As financial services firms regain ground after a tumultuous 2011, conditions are ripe for sharia-compliant banking, investment funds, insurance ( takaful) and bonds and equity instruments ( sukuk) to put Egypt on the global Islamic financial services (IFS) map. The concerns about conventional banking, resulting from the global...
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