Analysis

What the African Continental Free Trade Area deal means for the region
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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 and non-tariff barriers to trade. As of December…

Analysis

What new investment laws mean for foreign investment in Egypt
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Egypt is working to establish itself as a leading destination for foreign direct investment (FDI). These efforts were spearheaded by the promulgation of a new investment law in 2017, which sought to significantly improve the legal framework for investors. While the impact of the legislation appeared to be muted, FDI inflows rebounded in both 2018 and 2019. While the government is currently…

Overview

Bright future: The Kingdom attracts international attention as its Vision 2030 economic development plan continues to unfold
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Home to an estimated 17.2% of the world’s proven oil reserves and the largest economy in MENA, Saudi Arabia is a key player not only in the region, but also on a global scale. Since its establishment in September 1932, the Kingdom has poured its considerable financial resources into a series of large-scale economic development, diversification and modernisation initiatives. In recent years Saudi…

Overview

How is Egypt extending its trade network?
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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 sought to engage with a range of global markets…

Overview

Will reforms help Egypt handle the Covid-19 pandemic?
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Prior to the onset of the global Covid-19 pandemic an ambitious programme of economic reform had succeeded in accelerating Egypt’s growth and reducing its fiscal deficit. The creation of a more business-friendly environment and the streamlining of the country’s bureaucracy has seen Egypt rise steadily in global rankings. This progress has, however, been disrupted by the effects of one of…

Overview

Bright future: The Kingdom attracts international attention as its Vision 2030 economic development plan continues to unfold
OBG
plus

Home to an estimated 17.2% of the world’s proven oil reserves and the largest economy in MENA, Saudi Arabia is a key player not only in the region, but also on a global scale. Since its establishment in September 1932, the Kingdom has poured its considerable financial resources into a series of large-scale economic development, diversification and modernisation initiatives. In recent years Saudi…

Overview

CEOs share their thoughts on: Egypt’s post-Covid-19 future
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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. These forecasts since have been revised, with the European…

Overview

Egypt's CEOs discuss market conditions and economic trends
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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 long term, such as increasing industrial activity,…

Overview

How is Egypt handling the Covid-19 pandemic?
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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 extending the presidential term to six years. With the…