Egypt's IT sector is seeing an increase in staffing, amid a surge in hiring by multinationals that are expanding operations in the country.
Following a meeting in July with automotive component and technology company Valeo Service, the Ministry of (...)
The government's drive to boost foreign capital flows has moved forward with the launch of a new foreign direct investment (FDI) council, although there is still room for further improvements.
On 2July, President Abdel Fattah Al-Sisi announced he (...)
The year 2015 brought welcome stabilisation and recovery to Egypt, after a difficult post-revolutionary period marked by continued upheaval and sluggish growth.
The first part of the year saw a range of encouraging developments, including the (...)
Egypt's chemicals and plastics sector is becoming an increasingly important contributor to industrial output and exports. With demand being driven by agriculture and fast-moving consumer goods (FMCG), the sector is likely to become an industrial (...)
The expansion of Egypt's strategically vital Suez Canal, completed in early August, could be a significant step towards solidifying its position as a logistics and trade centre, leveraging its location astride major East-West shipping routes. The (...)
A $9bn deal inked in Egypt will give a substantial boost to the country's electricity generation capacity, helping the government address power shortages and support a growing population and economy.
On 3 June, German industrial conglomerate Siemens (...)
Egypt has long been a cost-competitive destination for offshore services, such as business process outsourcing (BPO), but a spate of new agreements with a number of large investors has given the ICT sector a further boost, with thousands of (...)
After years of uncertainty and turbulence, Egypt's economy is beginning to show some signs of recovery, with a marked rise in business confidence helping to strengthen indicators in both capital markets and the broader economy.
Emerging signs of (...)
A new licence system governing Egypt's fiercely competitive telecoms sector is expected to be rolled out within weeks, paving the way for mobile and fixed-line operators to vie for each other's business.
While the country has a large consumer (...)
Over the past 15 years, Egypt has built a growing reputation as a centre for export-oriented ICT services, particularly business and knowledge process outsourcing (BPO and KPO), with revenues that exceeded $1.1bn in 2011, according to a Ministry of (...)
The past year has been another challenging 12 months for Egypt, but going into 2014, the outlook is more bullish for a country that still offers attractive long-term fundamentals. One of the reasons that the second-largest economy in the Arab world, (...)
The start of production at a concession in Egypt's Nile Delta basin by a German firm has come as welcome news, an indication of the sizable potential offered by the country's offshore blocks. With local consumption growing, the North African state (...)
A combination of new public investment and increased private participation are expected across Egypt's expanding healthcare sector as the country prepares to meet rising demand for a broader range of services driven by its growing population.
Egypt (...)
CAIRO: The New Year sees a very different Egypt from the one that welcomed the opening of 2011, being in the process of instituting multi-party democracy, while trying to reshape the national economy. However, many hurdles still have to be overcome (...)
MUSCAT: Since issuing a decree to establish an Islamic financial services sector in May, Oman has seen a flurry of activity as banks have started gearing up to move into the new market. As well as the establishment of new Islamic banks, the sector (...)
TUNIS: After a strong year in 2010, the Tunis Stock Exchange (Bourse des Valeurs Mobilières de Tunis, BVMT) is working its way back to strength despite the rough start to 2011. Some sector indexes are on the up, while a new listing and development (...)
With its recently passed budget for the 2011/12 fiscal year, Egypt has established a revised set of ambitious targets for tackling its public expenditures. Having rebuffed aid offers from several international organizations and countries, the move (...)
To help offset a rising budget deficit — amid falling foreign investment resulting from recent political upheaval — Egypt is looking for international funding. The economic effects of events of early 2011, though predictable, have prompted some (...)
CAIRO: There are signs that Egypt's tourism industry may be set to recover far more quickly than expected from the two months of political turmoil and protests that brought the country's economy to a near standstill. Visitor numbers are starting to (...)
The outlook for 2011 is one of correction and consolidation for Sharjah's real estate sector. The market should slowly start to pick up, though recovery is expected to be modest in the shorter term before gaining momentum.
According to data (...)
Dubai's construction sector is still dealing with the fallout of the global recession. Some segments are experiencing gathering momentum while others may have to look beyond 2011 before demand picks up and confidence returns.
An oversupply of (...)
A renewed focus on entrepreneurship is at the heart of Bahrain's efforts to diversify its economy and achieve the goals outlined in its long-term development plan, Economic Vision 2030.
In a sign of its commitment to promoting entrepreneurship, (...)
CAIRO: Reforms in Egypt's car industry designed to ensure the quality and standardization of car components, along with measures to encourage exports and a scheme to modernize the country's ageing taxi fleet, bode well for automobile sector's growth (...)
This has been a historic year for the Algerian education sector, with a record percentage of students passing national exams and government initiatives expanding schooling subsidies. However, teachers continue to call for changes and have threatened (...)
The companies listed on the Saudi Stock Exchange, or Tadawul, have a joint value of some $320 billion. However, unlike most of the bourses operated by its neighbours, Saudi Arabia's stock market is only now cautiously opening up to direct foreign (...)