Cover of The Report: Egypt 2017

The Report: Egypt 2017

While Egypt continues to face considerable economic challenges as it confronts the legacy of its recent political history, at the outset of 2017 the nation’s economic planners have reason for optimism.

A process of fiscal reform is well under way, a long-awaited legal framework aimed at attracting new investment is almost in place, a Mediterranean gas find promises to nearly double the nation’s gas reserves and, other than some unrest in the remote Sinai Peninsula, the country has enjoyed a period of political stability following the turbulence of 2011-13. However, some obstacles to growth remain in the form of a stubborn fiscal deficit and a troubled currency, the flotation of which threatens to raise the cost of living for importers and households, many of whom are currently struggling with price increases on basic items.

OBG & Egypt