Category: Egypt

Egypt – Fast Facts


Egypt is a lower middle-income economies coming under Middle East and North African region as to the classification made by the World Bank on the basis of income and region for the year 2006.

The country has stepped forward towards a market friendly economy in the recent years and has attracted more foreign direct investment. The economy performance is stable in the country and is enjoying continuous economic growth.

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Egypt Economic Forecast


The Egyptian economy is undergoing a period of transition as unrest led to the overthrowing of former President Mubarak. However, the regime established by Gamal Abdul Nasser centered around the military which is now in power will manage the transition to a democratic country.

While the military not only has political control, it also has significant economic power. Military-owned companies benefit from monopolies in industries, such as hospitality and construction.

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