Author: Abdul B

On the 27th of September, AmCham Egypt’s Women in Business (WIB) Committee, in partnership with the International Finance Corporation (IFC) hosted a Gender Diversity Pledge Signing Ceremony inaugurating the Enhancing Women’s Employment Program. AmCham and IFC offered AmCham Member companies the opportunity to sign pledges vowing to promote women inclusion at the workplace, with IFC’s support in execution. The event was attended by representatives of the companies, WIB Committee Leaders and the AmCham and IFC Leadership. *Coverage is divided into three videos https://youtu.be/t7wz5hFXlXQ https://youtu.be/t7wz5hFXlXQ

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The Egypt Economic Profile is an essential reference for decision makers looking for timely information about Egypt’s transforming economy. It is filled with key, up-to-date data on all of Egypt’s major services and goods sectors as well as a review of the current macroeconomic landscape – including foreign trade, investment and the stock market. This report is distributed to nearly 2,000 AmCham Egypt member companies and affiliate members as well as local institutions that rely on well-researched, reliable information to guide their decisions. To read the report online, please click here

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The Egypt Business Digest provides a periodic roundup of macroeconomic and legislative updates as well as the latest news about major investment projects in Egypt. In 2021, Egypt had rolled out its nationwide vaccination program and was looking past the pandemic to a fully reopened economy. The September Digest looks at the macroeconomic recovery and the latest developments as national megaprojects picked up speed.

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The first wave of residents and workers has started to move out to the long-awaited New Administrative Capital, marking a milestone in Egypt’s ambitious urban expansion plans. It would not have been possible, however, without a massive infrastructure overhaul that has affected how goods move across the country, power reaches our homes and businesses, and data flows across networks. The work continues, with plenty of room for the private sector: The World Bank in 2018 estimated that Egypt still had a USD 230 billion investment gap in infrastructure. The 2021 Infrastructure Industry Insight looks at how in less than a decade,…

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Egypt’s trade and investment relationship with the United States has deepened since Egypt signed the peace treaty with Israel in March 1979. Though military-to-military ties were the founding grounds of bilateral relations, the two countries have sought ways to increase their economic and trade ties, notably through various partnerships and investment agreements. The U.S. is Egypt’s second-largest trading partner after China, with a total trade volume of USD 6.9 billion in 2020. This accounted for 2% of Egypt’s GDP in FY 2019/20 and 7% of MENA-U.S. merchandise trade in 2020. Regionally, Egypt is one of the largest trading partners for…

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“There’s a new reality now. Face-to-face classes are not going to be the only form of teaching. Even if we go back to our campus, online learning would be part of the future and we need to be prepared for that.” Provost Ehab Abdelrahman shares AUC’s transition to hybrid learning in light of the pandemic. To read the full interview click here 

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It’s back-to-school season. But this year’s preparations are filled with added anxiety as educators, students and parents balance the need to limit the spread of the coronavirus while putting students into productive learning environments. This year, online learning is set to have a transformative long-term impact on educational approaches in ways both anticipated and unforeseen. Deena Boraie, vice president for student life at the American University in Cairo (AUC), says combining traditional classroom learning models with interactive apps and face-to-face video instruction is the new norm. For the full article click here.

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Egypt has come a long way since 2014 when the government embarked on numerous initiatives to draw the unbanked population into formal financial channels. According to the World Bank’s Global Findex, the number of adults with a bank account grew to 33% of Egypt’s population in 2017, more than doubling from 14% in 2014 and tripling from 10% in 2011; market research firm Euromonitor estimated that figure grew to 38% in 2018.1 Bound by a host of Central Bank of Egypt (CBE) regulations governing asset quality and capital adequacy in the banking system, the government has opened up various non-banking channels…

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