With slow growth and double-digit inflation, Egypt has its fair share of challenges, but the country’s retail sector appears to be easing into recovery mode, aided by an increase in formal activity and favourable demographics.
With slow growth and double-digit inflation, Egypt has its fair share of challenges, but the country’s retail sector appears to be easing into recovery mode, aided by an increase in formal activity and favourable demographics.
Even amid a backdrop of low global commodity prices, new oil and gas discoveries are continuing to drive investment in Egypt’s hydrocarbons sector.
The launch of 4G licences in Egypt will help boost low user revenue for telecoms companies and improve service quality, with operators upgrading their infrastructure in preparation for commercial deployment, but the changes will see a shake-up of the competitive landscape as a result.
The government’s drive to boost foreign capital flows has moved forward with the launch of a new foreign direct investment (FDI) council, although there is still room for further improvements.
In a bid to help improve inclusive growth and employment, Egypt’s central bank has taken aggressive steps to help expand commercial lending to the country’s small and medium-sized enterprises (SMEs).
Egypt’s residential real estate market has recorded impressive results thanks to persistently high demand.
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