Africa Economy

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Côte d’Ivoire is part of a region with a vibrant history defined by the movement of goods, peoples and religious evolution. The country is located on the southern edge of the most prominent and wealthy West African empires. Following early Neolithic findings, subsequent populations in the area have left few archaeological traces and evolved on the periphery of the Sudanic...

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, although a handshake...

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.

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Egypt’s legal framework outlines restrictions on foreign investment only in specific sectors. These include commercial agencies (which require 100% local ownership), import firms (51% local ownership) and certain activities that require regulatory approvals – irrespective of the nationality of the investor – such as banking and insurance. Companies operating in the Sinai...

Egypt was one of the few economies to witness positive GDP growth in the first two years of the Covid-19 pandemic, fuelled in part by strong consumer spending. According to a November 2021 report from Fitch Solutions, real household spending expanded by around 7% in both 2020 and 2021 – despite the widespread impact of the pandemic, which hit key sectors such as tourism...

Egypt’s economy proved resilient during the Covid-19 pandemic, supported by structural changes associated with an ambitious economic reform programme in the years leading up to the crisis. The country was the only one in the MENA region to record positive GDP growth in 2020, reflective of the government’s emphasis on facilitating business continuity and targeting social...

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