Egypt’s strategy for exports
Over the past 40+ years the government of Egypt has created four export promotion units as integral components of its strategy to create jobs through international trade.
Egypt’s banking sector: A growing balance sheet
The Egyptian banking sector ticked off marked growth over in the last year, with aggregated assets rising by nearly 17 percent in local currency terms during 2013, according to the country’s Central Bank.
Security situation in Egypt: Is Egypt finally secure for investments?
“Unfortunately, the perception of the revolution and of Egypt in the west does not reflect what we see on the ground. It is very important that companies and international investors come to Egypt and investigate for themselves,” noted Mostafa Al Hassan, chairman of a private security company (Global Consolidated Contractors).
Investing in Egypt after the 2011 revolution
“Egypt’s trade agreements with the Arab World, Europe and Asian Pacific are a tool yet to be optimized by foreign investors whom will tap into the potential and wealth that this nation encompasses,” noted Hisham Fahmy, Executive Director of American Chamber of Commerce in Egypt.
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Egyptian industry in 2014: Back in business after a bumpy ride
Though coming out of a challenging period Egyptian industry is showing marked signs of a steady recovery. Industry is the second largest sector in the Egyptian economy and accounts for nearly 40 percent of GDP.
Foreign direct investments: Egypt remains an attractive FDI destination
Foreign direct investment in Egypt averaged $2,234.19 million from 2002 until 2014, reaching an all-time high of $5,572.50 million in the fourth quarter of 2007 and a record low of $40.70 million in the second quarter of 2002.
Egypt’s economy is entering a phase of recovery thanks to multiple economic reforms
Subsidy cuts, new taxes and “bitter pills” were introduced to enable a smoother recovery of Egypt’s economy.
The Egyptian economy in 2014: Egypt aims to reduce its budget deficit
The Egyptian economy passed through many political, social and security crises since January 2011.