Sunday, Aug 18, 2019
EGYPT NEWS

Egypt

Rebuilding a Nation


Mahmoud Fouda, CEO of the Middle East Observer

An article by Mahmoud Fouda, CEO of the Middle East Observer.   Apr 30, 2019

Government | Africa | Egypt


www.ahram.org.eg


CIRA Egypt

Bringing high-quality education to the under-served middle-income segment in Egypt


Mohamed El-Kalla, Managing director of CIRA

As Egypt’s middle class grows over the coming years, so too will the demand for high-quality private education at affordable prices, and that is... Apr 24, 2019

Education | Africa | Egypt


Egypt

Bold economic reforms pay major dividends


President Abdel Fattah El-Sisi swearing in Prime Minister Mostafa Kamal Madbouly in June, 2018.

The Egyptian government has implemented reforms and laid down the plans that will ultimately allow the private sector to take the driving seat on the road... Apr 14, 2019

Government | Africa | Egypt


Investment, Egypt

Africa’s top investment destination




Egypt is now the second largest recipient of direct U.S. investments in the Middle East.   Apr 14, 2019

Industry & Trade | Africa | Egypt


Egypt

Closer than ever: the strategic partnership between Egypt and the United States continues to unfold


Egypt’s Minister of Foreign Affairs Sameh Shoukry (right) meets U.S. Secretary of State Mike Pompeo in January, 2019.

Forty years on from the signing of the Camp David Accords, Egyptian Foreign Minister Sameh Shoukry sheds light on the dynamics behind the evolving strategic... Apr 14, 2019

Government | Africa | Egypt


Planning, Egypt

Vision 2030 sets out inclusive vision of the future Egypt


DR. HALA EL SAID, Minister of Planning

Incorporating the economic, social and environmental dimensions of sustainable development, Egypt’s Vision 2030 puts forward a strategy to achieve... Apr 14, 2019

Government | Africa | Egypt


Egypt

Foreign investment on the rise amid improved business climate


President Abdel Fattah El-Sisi (far right) and Minister of Investment Dr. Sahar Nasr (far left) at the inauguration of the Investor Services Center

A new investment law has provided a particularly important landmark in Egypt’s bid to boost the business environment, leading to increased private... Apr 14, 2019

Government | Africa | Egypt


Private sector, Egypt

Private sector called to fill $230 billion investment gap to meet infrastructure needs


DR. AHMED HEIKAL, Chairman, Qalaa Holdings

Recent measures aimed at improving the business climate, particularly focused on fostering private sector participation in sustainable development, include... Apr 14, 2019

Infrastructure | Africa | Egypt


Sustainability, Egypt

Sustainable investment in renewable energy




With Egypt’s goal to generate 42 percent of its energy capacity from renewables by 2035, private investors have prime opportunities to reap the huge... Apr 14, 2019

Energy | Africa | Egypt


Banking and finance, Egypt

Macroeconomic stability sets the stage for sustainable growth


Dr. Mohamed Maait was named African finance minister of the year by The Banker in January.

Three years after signing a US$12 billion loan pact with the IMF, Egypt has enacted key structural reforms, strengthening the business climate, attracting... Apr 14, 2019

Finance | Africa | Egypt


Finance, Egypt

Exporters primed to benefit from newly expanded Suez Canal


Mrs. Mervat Soltan, Chairperson of EBE

The development of the new Suez Canal Economic Zone and the Suez Canal, which “saw the largest increase in income in history” at $600 million... Apr 14, 2019

Finance | Africa | Egypt


Banking and finance, Egypt

Banking sector embraces digitalization towards financial inclusion and SME financing


TAREK FAYED, Chairman and CEO, Banque du Caire

Banque du Caire has embarked on a five-year transformation strategy that includes regional expansion, strengthening its digital platform and boosting SME... Apr 14, 2019

Finance | Africa | Egypt


Redcon working shoulder to shoulder with the Egyptian government

Mr. Amal Ali Abdel Wahed
Managing director, Redcon

Amal Ali Abdel Wahed explains how his company is working with the Egyptian government to... Aug 15, 2019


Qalaa Holdings: Shaping the future of Egypt and Africa

Mr. Ahmed Heikal
Co-Founder and Managing Director, Qalaa Holdings

The Worldfolio sits down with Ahmed Heikal, Co-Founder and Managing Director of Qalaa Holdings,... Jul 31, 2019


Egyptians do not hesitate to continue with the reform

H.E. Mr. Ali el-Moselhi
Minister of Supply and Internal Trade

We sat down with Ali el-Moselhi, Egypt’s Minister of Supply and Internal Trade, who... Jul 24, 2019


On the road to becoming a regional energy hub

Mr. Donald Dorn-Lopez
General Manager, Dana Gas

Dubai-based Dana Gas is one of the leading foreign investors in the oil and gas industry... Jul 05, 2019


GE: A vital partner in Egypt’s economic revitalization

Ahmed Ramadan
President and CEO, GE North East Africa

“Egypt is central to our regional business model – the talent base, heightened... Jul 05, 2019


Smart Village: A hub of technology and innovation

Mr. Ahmad Touni
CEO, Smart Villages

With a superior location in West Cairo, Smart Village is the largest-gated business community... Jul 03, 2019


IDH: A tried-a-tested healthcare provider

Dr. Hend El Sherbini
CEO, IDH

The Worldfolio speaks with Hend El Sherbini about the prospects for the Egyptian healthcare... Jul 03, 2019


EGYPTAIR: Soaring to new heights

Capt. Ahmed Adel
CEO & Chairman, EGYPTAIR

The Worldfolio sits down with Capt. Ahmed Adel, who gives his insight into the future of... Jul 02, 2019


Raya Holding For Financial Investments: delivering cutting-edge solutions and services in Egypt

Mr. Medhat Khalil
Chairman and CEO, Raya Holding For Financial Investments

The Worldfolio sits down with Medhat Khalil, Chairman and CEO of Raya Holding For Financial... Jun 26, 2019


‘Egypt is becoming an energy hub worldwide, not just in Africa’

Mr. Said Riad
CEO, Sapesco

We sit down with Said Riad, CEO of Sapesco, an Egyptian company with more than thirty years... Jun 12, 2019


EDBE: helping to drive Egyptian exports

Mrs. Mervat Soltan
Chairperson, Export Development Bank of Egypt

The Worldfolio speaks to Mervat Soltan of EDBE, which has established itself as the main... Jun 07, 2019


Palm Hills: Building for real housing demand

Mr.Yasseen Mansour
Group CEO& Chairman, Palm Hills Development

We speak with Yasseen Mansour about the current state of the Egyptian housing market and... Jun 07, 2019


Latif Group expanding its offerings in Egypt

Nasser Abdel Latif
Latif Group

We speak with Nasser Abdel Latif of the Latif Group about the company’s plan to add... May 23, 2019


Egypt is full of opportunities in the energy sector

Mr. Ahmed El Sewedy
President & Chief Executive Officer, El Sewedy Electric Group

We speak to Ahmed El Sewedy of El Sewedy Electric Group to discuss the energy sector in... May 23, 2019


Innovation made affordable

Dr. Wafik Badassi
Chairman and CEO, Minapharm

The Worldfolio sits down with Dr. Wafik Badassi to discuss how Minapharm continues to venture... May 23, 2019


Providing the foundations for a stable construction industry

Mr. Waleed Abdel Fattah
Senior Vice President & Africa Managing Director, Hill International

The Grand Egyptian Museum, the new Cairo airport terminal and Cairo Ritz Carlton are just... May 22, 2019


Driving Egypt’s digital transformation

Mr.Essam Mohamed El Saghir
Chairman, Egypt Post

In this interview, Essam Mohamed El Saghir explains how Egypt Post is driving the country’s... May 22, 2019


Egoth plays a big role in the tourism sector

Mr. Sherif Mohamed Salah Bendary
Chairman and Managing Director, EGOTH

EGOTH operates several internationally iconic hotels spread across Egypt – in Luxor,... May 22, 2019


Why Concentrix chose Egypt for its BPO services

Mr. Paulo Pereira
Cairo Site Director, Concentrix

Paulo Pereira of BPO firm, Concentrix, discusses the company’s operations in Egypt... May 21, 2019


Egypt’s progress on the UNSDGs

Muhammad Al-Fouly
Executive Director - UN Global Compact Network Egypt

We speak to Muhammad Al-Fouly, Executive Director of the UN Global Compact Network Egypt,... May 16, 2019


ECA: Building a competitive economy that works for all

Dr. Amir Ibrahim
Egyptian Competition Authority

The Worldfolio sits down with the Dr. Amir Ibrahim to discuss some of the important work... May 14, 2019



LOCATION:

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     Geographic



AREA:

total: 1,001,450 sq km



CLIMATE:

desert; hot, dry summers with moderate winters



TERRAIN:

vast desert plateau interrupted by Nile valley and delta



NATURAL RESOURCES:

petroleum, natural gas, iron ore, phosphates, manganese, limestone, gypsum, talc, asbestos, lead, rare earth elements, zinc



LANGUAGES:

Arabic (official), English and French widely understood by educated classes



POPULATION:

86,895,099 (July 2014 est.)



CAPITAL:

name: Cairo



INDEPENDENCE:

28 February 1922 (from UK protectorate status; the revolution that began on 23 July 1952 led to a republic being declared on 18 June 1953 and all British troops withdrawn on 18 June 1956); note - it was ca. 3200 B.C. that the Two Lands of Upper (southern) and Lower (northern) Egypt were first united politically



CONSTITUTION:

several previous; latest approved by a constitutional committee in December 2013, approved by referenfum held on 14-15 January 2014, ratified by interim president on 19 January 2014 (2014)



LEGAL SYSTEM:

mixed legal system based on Napoleonic civil and penal law, Islamic religious law, and vestiges of colonial-era laws; judicial review of the constitutionality of laws by the Supreme Constitutional Court



GDP (purchasing power parity):

$551.4 billion (2013 est.)



GDP (official exchange rate):

$262 billion (2013 est.)



GDP - real growth rate:

1.8% (2013 est.)



GDP - per capita (PPP):

$6,600 (2013 est.)



GDP - composition, by sector of origin:

agriculture: 14.5%

industry: 37.5%

services: 48% (2013 est.)



EXPORTS:

$24.81 billion (2013 est.)



EXPORTS - commodities:

crude oil and petroleum products, cotton, textiles, metal products, chemicals, processed food



EXPORTS - partners:

Italy 7.9%, India 6.9%, US 6.8%, Saudi Arabia 6.2%, Turkey 5.3%, Libya 4.9% (2012)



IMPORTS:

$59.22 billion (2013 est.)



IMPORTS - commodities:

machinery and equipment, foodstuffs, chemicals, wood products, fuels



IMPORTS - partners:

China 9.5%, US 7.6%, Germany 6.7%, Russia 5.3%, Ukraine 5.3%, Turkey 5.1%, Italy 5% (2012)



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SODIC

SODIC was incorporated in 1996 as a public joint stock...

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