Wednesday, Jun 26, 2019


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

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


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


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


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

‘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

Reshaping the oldest bank in the Middle East

Mr. Amr Fouad Kamal
Chairman of Egyptian Arab Land Bank

Egyptian Arab Land Bank has established itself as one of the largest banking entities in... May 13, 2019

City Edge Developments: Striving to boldly shape the future of Egypt

Mr.Amr Elkady
CEO, City Edge Developments

Established in 2017 as a partnership between the New Urban Communities Authority and the... May 10, 2019

Orascom: Building the new Egypt

Mr. Osama Bishai
CEO, Orascom Construction

Osama Bishai, CEO of Orascom Construction, one of Egypt’s leading construction firms,... May 07, 2019

Creating a thriving SME eco-system

Neveen El Tahri
Chairperson and Managing Director of Delta Shield for Investment

Delta Shield Investment is an investment management firm that supports Egyptian entrepreneurs,... May 01, 2019

Banque du Caire: pushing ahead with its new five-year strategy

Mr. Tarek Fayed
Chairman & CEO, Banque Du Caire

In this interview, Tarek Fayed discusses the health of the Egyptian banking sector, Banque... Apr 30, 2019

All the ingredients to become a manufacturing and export hub

Mr. Basil El-Baz
Chairman & CEO of Carbon Holdings

“I don’t think we’re anywhere near our full potential. I don’t think... Apr 30, 2019

Supporting Egypt’s shift to a global energy hub

Mr. Tameer Nasser
Chief Financial Officer, North Africa, BHGE

Oil and gas firm BHGE has been operating in Egypt for a century and today is playing a vital... Apr 30, 2019

‘115 years of successful partnership in Egypt’s growth’

Mr. Hesham El Amroussy
Chairman & Managing Director, ExxonMobil Egypt

ExxonMobil has played an important role in Egypt’s history for well over a century... Apr 24, 2019

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


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


total: 1,001,450 sq km


desert; hot, dry summers with moderate winters


vast desert plateau interrupted by Nile valley and delta


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


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


86,895,099 (July 2014 est.)


name: Cairo


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


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)


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.)


$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)


$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)




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


Al-Ahram is the largest Egyptian daily newspaper in...

Arab African International Bank

Arab African International Bank was established by...

Abu Dhabi Islamic Bank (ADIB)

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



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