With an insatiable demand for power to fuel their economies and few reserves of their own, European countries have been in an increasingly symbiotic relationship with the hydrocarbons giants of the Middle East and North Africa (MENA) region, but this may be set to change as shale gas discoveries in the US shake up energy markets around the world....
Globally, the process of urbanisation is undeniable and irreversible, and the phenomenon has had a particularly acute impact on Cairo, Egypt’s capital, as well as on the continent as a whole. According to the UN’s “State of African Cities 2010” report, the number of people in Africa’s urban areas will increase threefold over the next four decades,...
The upstream energy sector in Egypt is a tale of two resources: oil exploration and production is proceeding as planned, but the country’s leadership has yet to find the right mix of factors to leverage its natural gas deposits, which are much larger. A growing population and heavily subsidised products have resulted in fast-rising domestic...
The long-term determinants of the real estate market in Cairo are governed by two main factors – the housing needs of the young and growing population, and the clogged, chaotic core of the city with its aging building stock. It has long been the case that Cairo cannot take the pressure of the millions who live and work there, and these factors...
Low-cost housing is an underserved real estate segment that is likely to get more attention in 2012 and beyond. This is where the bulk of demand lies, and was one of the sources of revolutionary fervour in January and February 2011. In addition to the resignation of Hosni Mubarak, the country’s former president, and his government, many protestors...
In the summer of 2012 the pressure on Egypt’s downstream oil sector was increasing, due to short-term concerns linked to the country’s political instability. Some types of fuel were in short supply, and sector reform was widely considered one of the most pressing priorities for the government.
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