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...
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.
The current government has adopted an expansive foreign policy in the last two years. While the country’s dealings with the international community are often rooted in the region’s current problems, Cairo is also pursuing an agenda that supports growth at home.
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