Egypt Economy

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One of the world’s oldest civilisations, Egypt has long been central to the development of the MENA region, integrating ideas from the Greek and Roman empires and building an extensive international trade network. The latter forms an important part of Egypt’s development policy today. Even during challenging times, the country has increasingly...

 

Although the country’s constitution dates from 2014, Egypt has been a presidential republic since the overthrow of the Muhammed Ali dynasty in 1952. Prior to 2019 the president served an initial four-year term, which could then be followed by a second term. However, after a referendum in April of that year, the public voted in favour of...

 

Pandemics require the world to unite and act promptly to curb the spread of diseases and find vaccines. Vaccines must be available to everyone when they are developed, because protecting humanity against such health threats is the responsibility of the world as a whole. Since the beginning of the Covid-19 crisis, Egypt has provided assistance...

 

Before the onset of Covid-19, Egypt’s economy was among the strongest performers in the MENA region. Business leaders are largely confident that a number of sectors stand to benefit from positive fundamental changes brought about by the pandemic. The country’s CEOs have made it clear that the crisis could lead to structural benefits in the...

 

Although trade flows among African states remain below their potential, an ambitious project is under way to accelerate economic integration and significantly expand intra-continental trade. Spearheaded by the African Union (AU), the African Continental Free Trade Area (AfCFTA) agreement was signed in March 2018 and aims to reduce both tariff...

 

Before the onset of Covid-19, Egypt’s economy was among the strongest performers in the MENA region, with a Reuters poll from January 2020 putting the country’s economic growth at 5.8% for FY 2019/20 and 5.9% for FY 2020/21. This is more than double the regional average for MENA, which the World Bank estimated at 2.6% for 2019/20.

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