Analysis Tourism Pyramid selling: Egypt wants to get tourism back on its feet The Grand Egyptian Museum, a $1 billion mega-project close to the Giza pyramids, will open to the public next month. The opening, which coincides with the COP27 climate change conference in the resort town of Sharm el-Sheikh, is an opportunity to focus attention on a tourism industry that has been blighted by terrorism, conflict and […] October 17, 2022
Analysis Economy Egypt aims to double private sector to tackle economic woes Weakened by the consequences of the war in Ukraine, Egypt has been forced to negotiate a new loan from the International Monetary Fund and wants to double the private sector’s share in its economy. By 2025 Egypt’s government wants the country’s private sector’s investment contribution to more than double to 65 percent from the current […] October 17, 2022
Analysis Manufacturing Egypt’s industrial sector ‘building on strong foundations’ Egypt defied global trends – and the expectations of many – to grow throughout the coronavirus crisis. With its sizeable population, rising middle class and tech-savvy population, the country “showed resilience in the face of the pandemic” and is forecast to record GDP growth of 5.9 percent in 2022, according to the International Monetary Fund. […] October 17, 2022
Analysis Development The Golden Triangle: treasures of the Eastern Desert In Ancient Egypt, real wealth was measured in grain. Temple granaries were the reserve banks of their day, with gold and silver seen as lesser commodities. “In my brother’s country, gold is as plentiful as dirt,” marvelled one foreign king in a begging letter to Pharaoh Amenhotep III. Even so, mining was a serious business. […] October 17, 2022
Economy Egypt’s non-oil sector hit by weak demand, home and away Egypt's non-oil output fell in September, a 13th consecutive month of contraction, as exports dropped sharply too October 4, 2022
Sustainability Egypt wants to discuss climate change compensation at Cop27 Egypt, which is hosting the upcoming Cop27 climate negotiations, is working on how to include compensation for economic losses due to climate catastrophes on the formal agenda of the November summit, as pressure grows from vulnerable countries to prioritise the issue, the country’s special representative of the summit said on Wednesday. Wael Aboulmagd, Egypt’s special […] September 29, 2022
Sustainability Egypt’s new fund eyes agritech startups in Mideast and Africa A new climate resilience fund in Egypt plans to raise $25 million to invest in nature-positive and sustainable agriculture startups across the Middle East and Africa, The National newspaper reported. The fund will invest $12.5 million in Egyptian ventures, while the rest will be equally split between the two regions. It will target pre-seed startups, […] September 28, 2022
Analysis Manufacturing Ethical fashion: it’s so right now, but it’s granny chic too Sustainable fashion is a buzzword that’s becoming a sound business proposition, particularly for MENA manufacturers returning to the thrifty practices of their grandparents The QR code on the clothing label takes you to a field where the cotton is grown. Shoppers can swipe to see the cotton being picked by hand and gathered into fluffy […] July 27, 2022
