Thursday, Apr 25, 2019
EGYPT NEWS

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


www.ahram.org.eg


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


Banking and finance, Egypt

How Egyptian banks are supporting national development


Mr. Amr Fouad Kamal, Chairman of the Board of Egyptian Arab Land Bank

With the largest banking sector in the region, Egypt is now leveraging upon the wisdom of its banking sector to buttress its ongoing development.   Apr 14, 2019

Finance | Africa | Egypt


Badr University: preparing students for the future economy

Dr. Hassan El Kalla
Chairman, Badr University

“When I started all this effort 25 years ago, I said I wanted to create a locomotive... Apr 24, 2019


Sixty years of the Hilton effect in Egypt

Mr. Mohab Ghali
Vice President Operations Egypt & North Africa, Hilton

The Hilton was one of the first foreign hotel chains to enter Egypt, paving the way for... Apr 23, 2019


Harnessing Egypt’s potential in renewables

Mr. Mohamed Mansour
Co-Founder & CEO of Infinity Solar

Infinity Solar is a renewable energy project developer, providing full system integration,... Apr 23, 2019


Facilitating the growth of the private sector

Mr. Tunc Ozkan
Chairman, Polaris Parks

Polaris Parks works for the development of the country together with its industry in order... Apr 17, 2019


Building a culture of innovation

Magued Mahmoud
VP, GM – EGYPT,Dell EMC

Dell’s merger with EMC has allowed the company to strengthen its presence in Egypt,... Apr 17, 2019


Supporting Egypt’s economic transformation

Mr. Jacques-Emmanuel Blanchet
Deputy Chairman and CEO, HSBC Bank Egypt

HSBC has played an integral role in Egypt’s financial system for more than 35 years... Apr 17, 2019


‘BUE graduates are some of their most promising new employees’

Professor Ahmed Hamad
President of the British University in Egypt

The formation of a British University in Egypt arose from a 1998 Memorandum of Cooperation... Jan 27, 2017


BP to triple net production in Egypt

Hesham Mekawi
BP's Regional President for North Africa

As Egypt emerges from its period of economic instability, investors at home and abroad seek... Jul 06, 2016


On the right track, again

Mr. Mohamed S. Younes
Chairman of Concord International Investments

After passing through difficult times, and still undergoing major challenges, Egypt is rebuilding... Jun 24, 2016


Boundless trust

Sherif Khaled
CEO of Falcon Group International

Since its foundation ten years ago, the private security firm Falcon Group International... Jun 21, 2016


The bottom line in Egyptian real estate

Darwish Ahmed Hassanin
CEO of Secon

With the belief that “there are sustainable ways of earning profits out of this business... Jun 01, 2016


PACT to create ‘new destinations for new generations’ in Egypt

Moaaz Wessam Eldin
Managing Director of PACT Real Estate Group

The Worldfolio’s preview of an interview with Moaaz Wessam Eldin, Managing Director... May 25, 2016


Egypt’s insatiable demand for real estate makes developers hot property

Tarek Abdel-Rahman
Co-CEO of Palm Hills Developments

The clamor for property in Egypt shows no signs of abating and the resilient sector is ripe... May 24, 2016


‘We are trying to be a part of what’s happening in Egypt’s transformation’

Dr. Mohamed Omran
Chairman of The Egyptian Exchange

Egypt’s economy has recovered well since political turmoil subsided in 2014, with... Mar 23, 2016


Smart energy solutions ‘turn life on’

Mohamed Saad
Zone President - Africa & Caribbean, Schneider Electric

Schneider Electric is using technological breakthroughs to advance electricity coverage... Feb 19, 2016


Demand-supply gap widens in real estate

Magued Sherif
Managing Director of SODIC

Demand for Egyptian land and property far outstrips supply – and is genuine and not... Feb 13, 2016


Egypt: a huge market for the right products

Dr Amr Hassanein
Chairman of the Middle East Rating and Investors Services (MERIS), Moody’s affiliate for Egypt

What does Egypt’s ‘big economy’ represent for investors? Dr Amr Hassanein,... Jan 23, 2016


Orascom Construction targets long-term sustainable returns for shareholders and citizens alike

Osama Bishai
CEO of Orascom Construction

Osama Bishai, CEO of Orascom Construction, discusses Egypt’s competitive advantages... Oct 15, 2015


Suez Canal expansion and infrastructure improvements reposition Egypt as regional trade and logistics hub

Egypt’s vast infrastructure ambitions are most impressively illustrated by the immense... Mar 13, 2016


SECON builds on optimism with its biggest projects to date

Darwish Ahmed Hassanin
CEO of the Saudi-Egyptian Construction Company (SECON)

A 50:50 venture by the Saudi and Egyptian governments, the Saudi-Egyptian Construction Company... Oct 06, 2015


SECON takes Egyptian real estate forward

Eng. Darwish Hassanein
CEO of SECON

Saudi Egyptian Construction Company (SECON) is a leading real estate developer in Egypt.... Jun 17, 2015


Saudi-Egyptian alliance to invest EGP 5 billion over the next five years in tourism and housing expansion

Secon has increased its paid capital from $75 million to $318 million to boost its highly... Mar 21, 2016


Accepting change & the long road ahead

Omar A. Mohanna
Chairman of Suez Cement

In Egypt, optimism on the ground after a number of political and economic hiccups over the... Jun 09, 2015



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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Arab African International Bank was established by...

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Abu Dhabi Islamic Bank (ADIB) Egypt is an award-winning...

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