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Egypt has been a regional banking powerhouse for more than a century and is home to the biggest banking sector in North Africa, according to the Union of Arab Banks. The industry is also one of the region’s most stable, surviving both the economic turbulence that followed the Arab Spring and a more recent foreign currency crisis that saw...

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...

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...

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,...

Despite the instability that has rocked the MENA region in recent years, the Egyptian government has pursued a consistent diplomatic programme to strengthen ties with major Gulf players and improve border security. While these policies have been successful, the challenges that still face Egypt and the region will take time to disappear....