The IMF, in a report issued in November 2018, forecast GDP would expand by approximately 5.3% in FY 2018/19, increasing over the 4.2% expansion seen a year earlier and marking the highest rate of annual growth since 2008. This was supported by figures released by the Central Bank of Egypt (CBE), which put year-on-year GDP growth at around 5.3...
Egypt has long been central to the development of the MENA region. As a major centre of cultural output and political thought, the country continues to be a key influence within the Arab world. While the oil riches of the Gulf have changed the equation somewhat in recent decades, Egypt still remains one of the most significant actors in the...
Business leaders in Egypt remain bullish about the country’s economic prospects, with 95% of those interviewed in the OBG Business Barometer: Egypt CEO survey indicating that they have positive or very positive expectations of local business conditions in the coming 12 months. Confidence can be partly attributed to the sustained reform momentum,...
Since 2000, half of the world’s fastest growing economies have been in Africa, and 21 out of 30 of the world’s fastest-growing cities are now in Africa. Due to an expanding middle class, Africa’s potential has been increasingly attractive for both African and international investors alike, with GDP growth on the continent expected to average 4...
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