• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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Articles & Analysis | Prime position: Page 28 from The Report: Egypt 2019

Egypt in brief Building off the past: Egypt looks to increase its influence in connecting the MENA region with the rest of Africa Interview: President Abdel Fattah El Sisi Pushing for policy: Recent political and social changes are preparing the country to take on historical and modern challenges Africa bound: Egypt is looking to work with African...

Articles & Analysis | Egypt in brief: from The Report: Egypt 2019

The country has been able to build strong financial buffers since the Egyptian pound was floated: in December 2018 foreign reserves stood at $44.5bn, compared to less than $17bn at the end of 2016. Looking ahead, the IMF estimates that GDP will grow by 5.5% in 2019 and 5.9% in 2020, powered mainly by a recovery in tourism and rising natural gas...

 

LANGUAGE: Arabic is the official language of Egypt, and the Egyptian dialect is widely understood and spoken throughout the Middle East. People from more socio-economically advantaged segments of society often speak either English or French, and the use of these languages has been spreading. Newspapers, books and public information are...

 

GOVERNMENT OFFICES Cabinet 2793 5000 Ministry of Commerce & Industry 2792 1176 Ministry of Communications & Information Technology 3534 1010 Ministry of Defence & Military Production 2260 2566 Ministry of Education & Technical Education 2796 3273 Ministry of Electricity & Renewable Energy 2401 2361 Ministry...

Articles & Analysis | Hotel options in Egypt from The Report: Egypt 2019

 

BARON HOTEL HELIOPOLIS 8 Ma’ahad Al Sahary Street, Heliopolis, Cairo T: (02) 2291 5757 ext. 2010, 2027 www.baronhotels.com reservation@baroncairo.com Rooms: 126 single rooms, double rooms and suites. Business & Conference Facilities: 2 ballrooms each with a 250-person capacity and smaller boardrooms. Latest audio-visual equipment...

 

Global trade faces protectionist headwinds that are dampening the outlook for growth in the coming years. According to the World Trade Organisation (WTO), trade volume grew by 4.7% in 2017 and is expected to have moderated slightly to 4.4% in 2018 and dip to 4% in 2019. Although this means growth will fall below the 4.8% average seen since...