Egypt

Capital: Cairo ; GDP growth (annual %) 2016 : 4.3%
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Key Facts

Full name: Arab Republic of Egypt
Population: 82.5 million (UN, 2011)
Area: 1 million sq km (386,874 sq miles)
Major language: Arabic
Major religions: Islam, Christianity
Life expectancy: 72 years (men), 76 years (women) (UN)
Monetary unit: 1 Egyptian Pound = 100 piastres
Main exports: Petroleum, petroleum products and cotton
GNI per capita: US $2,440 (World Bank, 2010)
Internet domain: .eg
International dialling code
: +20

  • Top 10 Most Attractive Investment Destinations In Africa

    2017/08/20

    Africa’s feverish increase has decelerated in recent years and a lot of nations have buckled under the pressure of falling resource prices, security disruptions, fiscal imprudence and adverse weather conditions.

  • Africa's Relationship With China Is Ancient History

    2017/07/02

    In 2002 South Africa's Parliament unveiled a digital reproduction of a map - of China, the Middle East and Africa - that some speculated could be the initial map of the African continent. The Da Ming Hun Yi Tu - the Comprehensive Map of the Great Ming Empire - was drawn up around 1389 during the Ming Dynasty, according to historian Hyunhee Park.

  • Economic Outlook Egypt A balancing act

    2017/05/30

    Egypt

    A balancing act

  • Climate change laws around the world

    2017/05/14

    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

  • Egypt Year in Review 2016

    2017/04/17

    The acceleration of a long-awaited reform programme and continued economic recovery, particularly in the retail and energy sectors, made 2016 a transitional year for Egypt.

    Funding approval

    On the back of the government making evolution on economic reforms, inclunding allowing the Egyptian pound to trade freely, in mid-November the IMF approved a $12bn bailout package.

  • Africa’s 20 most attractive countries for investors – Ernst & Young

    2016/05/16

    Despite its economy slowing down, South Africa remains Africa’s most attractive country for investors, according to the 2016 Ernst & Young Africa Attractiveness Index.

    The statement evaluates evolution made in governance, diversification, infrastructures, business enablement, human development inclunding resilience to current macroeconomic challenges.

    Morocco is ranked second on the index, followed by Egypt, Kenya, Mauritius, Ghana Botswana, Tunisia and Rwanda. Cote d’Ivoire comes tenth.

    Africa’s top economy, Nigeria comes 15th, mainly because of its poor performances in terms of governance and human improvment(See full ranking below).

  • Egypt Year in Review 2015

    2016/02/12

    The year 2015 brought welcome stabilisation and recovery to Egypt, next a difficult post-revolution period marked by continued upheaval and sluggish increase.

    The initial part of the year saw a range of encouraging developments, inclunding the completion of the strategically vital Suez Canal expansion, the commitment of additional than $35bn in planned foreign investments, closer economic ties with Gulf allies and promising activity in the fast-moving consumer goods (FMCG) sector.

  • Egypt Year in Review 2014

    2015/01/23

    With investor confidence growing, Egypt is looking forward to a sizeable boost to its economic performance in 2015.

    A peaceful conclusion to presidential elections in June, along with slowing inflationary pressures, a slew of crucial fiscal reforms and rallies on both the EGX and in the tourism sector, have helped pave the way for reasonably robust expansion over the coming 12 months.

  • Egypt aims to boost wheat self-sufficiency

    2014/08/16

    With only limited opportunity to improve wheat yields due to shortages of arable land and water, Egypt is looking to tightening up the storage and logistics links in its grain supply chain to reduce import costs and bolster food security.

  • Egypt Year in Review 2013

    2014/03/04

    The completed year has been an extra challenging 12 months for Egypt, but going into 2014, the outlook is additional bullish for a country that still offers attractive long-term fundamentals. One of the reasons that the second-major economy in the Arab world, with a people of around 85m and a geographical position on major trade routes, has gained so much attention over the completed three turbulent years is its world importance.

  • Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina

    2017/07/02

    Dr. Akinwumi Adesina is focusing on five areas to achieve the African and world goals for a prosperous continent since becoming president of the African Development Bank - Africa's major public financial institution in September 2015. He was a keynote speaker at this month's Corporate Council on Africa's U.S.- Africa Business Summit in Washington D.C. and moderated a lively panel with five African government ministers. He as well received the Gene White Lifetime Succcess Award from the World Child Nutrition Foundation. This week, he was named the 2017 recipient of the World Food Prize, a prestigious honor that includes a $250,000 award. In an interview in Washington, DC, Adesina discussed the Development Bank's ambitious schedule and his vision for attracting the increase capital Africa needs. Posting questions for AllAfrica was Noluthando Crockett-Ntonga.

  • Palm Hills Developments Egypt’s insatiable demand for real estate makes developers hot property

    2016/05/25

    The clamor for property in Egypt shows no signs of abating and the resilient sector is ripe for foreign investment , as the current rate of supply is barely covering a quarter of request. Tarek Abdel-Rahman, Co-CEO of one of the country’s leading property developers, Palm Hills Developments, discusses the company’s current projects, building a rock-solid reputation, and why foreign direct investment is set to rise.

  • Hamdeen Sabahy is a former presidential candidate

    2013/01/14

    Stability is in short supply in Egypt. The election of the Muslim Brotherhood and the recent vote on a new constitution has split the country and a lot of are presently concerned for the future.

    Hamdeen Sabahy is a former presidential candidate and opposition leader. He is critical of the new government of Mohammed Mursi and the content of new constitution.

  • Khaled Hegazy

    2013/01/14

    Mr. Khaled Hegazy is the External Affairs Director for Vodafone Egypt, the leading telecommunications company and one of the major companies in the Middle East.

    His scope includes Media and Public Relations, Corporate Social Responsibility and the Vodafone Foundation, Regulatory Affairs, Government Relations, Legal Affairs and Corporate Security.

  • Egyptian President Mohamed Morsi

    2012/12/19

    Mohamed Morsi is the fifth and current President of Egypt, having assumed office on 30 June 2012. Educated in Egyptian public schools and universities, he was granted a scholarship from the Egyptian .

    President Mohamed Mursi travels to Brussels on Thursday for his first visit to Europe since becoming Egypt's first freely elected leader in June, hoping to reassure the European Union of his democratic credentials and win pledges of economic aid.

  • Outlook for 2015-17

    2015/08/11

    The country (Egypt) is situated in Northern Africa, bordering the Mediterranean Sea, between Libya and the Gaza Strip, and the Red Sea north of Sudan, and includes the Asian Sinai Peninsula. Israel for 266km, Libya for 1115km and Sudan for 1273km.
    Land in Egypt is vast desert plateau interrupted by Nile valley and delta

    The climate is desert with hot and dry summers with moderate winters. OverviewEgyptian(s) speak Arabic (official), English and French widely understood by educated classes. The climate is desert with hot and dry summers with moderate winters.

    Egyptian(s) speak Arabic (official), English and French widely understood by educated classes.

    OVERVIEW

     Growth momentum depends on the political transition

    Growth of GDP in North Africa fell markedly in 2011, particularly in Libya, and registered only +1.8% in Egypt, after over +5% the year before. All sectors of the economy were adversely affected by the period of demonstrations, strikes and regime change and by the uncertainties that followed. In particular, tourism was badly affected, with visitor numbers and sector earnings down sharply. Widespread demonstrations have dwindled in intensity and levels of activity have therefore increased, but only moderately. Uncertain governance (changes to the electoral timetable) and policies (with several key reversals) continued into 2012, so that domestic consumption and investment were constrained and foreign investment very limited. GDP growth in that year is estimated at around +2.2% and a further political upheaval in mid-2013 again disrupted economic activity, with GDP growth last year of only +2%. Most of the factors impeding higher growth in 2011-13 remain evident in the early part of 2014, although business confidence has improved moderately under the military-backed government.

  • Florian Westphal is the chief of the German section of Doctors Without Borders

    2015/08/07

    The 28-country European Union has told member states that expressing regret over the new migrant tragedy was no substitute for action. Some 200 migrants were feared drowned at the same time as their vessel sank off the Libyan coast.

    One NGO helping to save shipwrecked migrants in the Mediterranean Sea is the medical charity Doctors Without Borders. DW has been talking to the chief of their German section, Florian Westphal.

  • Mr. Mohamed Younes, Chairman of Concord International Investments

    2015/05/30

    Leading Egyptian investment bank, Concord International Investments, chooses to focus on what it knows best: managing investment portfolios, mutual funds, and funds for companies. Concentrating on its fundamentals has paid off as Concord has been listed as one of the world's top performing funds consecutively by utilizing its local expertise.

    The world is beginning to notice a recovery in Egypt and its growing potential. How optimistic are you at the moment regarding Egypt’s potential and its next and why?

  • Cairo Governor / mayor Abdel Qawi Khalifa

    2012/12/08

    Cairo  is the capital of Egypt and the largest city in the Arab world and Africa. Its metropolitan area is the 16th largest in the world. Located near the Nile Delta, it was founded in 969 AD. Nicknamed "the city of a thousand minarets" for its preponderance of Islamic architecture, Cairo has long been a centre of the region's political and cultural life. Cairo was founded by the Fatimid dynasty in the 10th century AD, but the land composing the present-day city was the site of national capitals whose remnants remain visible in parts of Old Cairo. Cairo is also associated with Ancient Egypt as it is close to the ancient cities of Memphis, Giza and Fustat which are near the Great Sphinx and the pyramids of Giza.