The Egypt Economic Report is an essential reference for decision makers looking for timely information about the country’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 macroeconomic landscape – including foreign trade, investment and the stock market. This report is distributed to more than 2,000 AmCham Egypt member companies as well as local institutions that rely on well-researched, trustworthy information to guide their decisions. All AmCham Principal Members receive one complimentary copy, and copies are available for purchase by the wider business community.…
Author: Ola Noureldin
Digital transformation has become the backbone of financial inclusion, with millions of Egyptians benefiting from online banking, e-wallets, and other app-based payment and credit services. The finance sector promises to grow even faster as completely digital banks come online. AmCham Egypt’s 2024 Finance Industry Insight, explores at how financial service providers are harnessing technology to expand their customer base and product portfolios. To read the report online, please click here
Real estate subtly influences every aspect of our lives: where we live, work, shop and vacation. That gives the sector a critical role in promoting sustainability all along its value chain, from energy-saving building designs to environmentally friendly construction materials and methods. With Egypt’s urban landscape expanding exponentially, the private sector is lined up to lead the investments. The 2024 Real Estate Industry Insight looks at the new opportunities for investors and how they can capitalize on emerging trends in the market. To read the full report online, click here.
As the world navigates the path to net-zero greenhouse gas emissions, energy exporters like Egypt must strike the right balance of resources during their transition from fossil fuels to renewable sources. AmCham Egypt’s Clean Energy Industry Insight looks at the changing roles of oil, natural gas, wind, solar power, and green hydrogen and ammonia in Egypt’s economic future. To read the full report online, click here.
Published quarterly, this concise report includes macroeconomic and legislative updates as well as the latest news about major investment projects in Egypt. In addition to being downloadable online, the Egypt Business Digest is distributed with Business Monthly magazine and handed out during AmCham’s annual Doorknock Mission to the United States and all other business delegations to and from Egypt. Click here to continue reading on AmCham Egypt’s website.
The Egypt Economic Report is an essential reference for decision makers looking for timely information about the country’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 macroeconomic landscape – including foreign trade, investment and the stock market. This report is distributed to more than 2,000 AmCham Egypt member companies and affiliate members as well as local institutions that rely on well-researched, trustworthy information to guide their decisions. All AmCham Principal Members receive one complimentary copy, and copies are available for purchase by the…
Egypt’s government introduced an electronic platform for the Automotive Industry Development Program (AIDP), promoting EV localization. The goal is to boost assembly, and manufacturing, and attract new investments. Policy amendments were finalized to offer financial incentives for replacing, converting, and financing clean energy-powered vehicles. The program will cover the assembly of passenger cars, SUVs, vans and microbuses as well as R&D centers, testing labs, and automotive software development centers that feed local production and assembly. Watch for more info: https://www.youtube.com/shorts/qxQTTaTHNGM
Real estate subtly influences every aspect of our lives: where we live, work, shop, and vacation. That gives the sector a critical role in promoting sustainability all along its value chain, from energy-saving building designs to environmentally friendly construction materials and methods. AmCham Egypt’s 2023 Real Estate Industry Insight looks at how developers are incorporating sustainability into their projects and business models as they navigate challenging economic conditions. To read the full report online, click here.
Egypt’s petroleum ministry launched an international bidding round on Monday for exploration in 23 open blocks, with the offer deadline set for February 25. The round includes 10 areas in Egypt’s Western Desert, two in the Eastern Desert, seven in the Gulf of Suez and four in the Red Sea, the ministry said. Egypt, the most populous Arab country, has sought to position itself as a regional energy hub. https://www.youtube.com/shorts/ukpZS481pMg
New “treasures and secrets” have been revealed at the site of a sunken temple off Egypt’s Mediterranean coast, the European Institute for Underwater Archaeology (IEASM) announced. An underwater archaeological team, led by French marine archaeologist Franck Goddio, has made further discoveries at the site of a temple to the god Amun in the ancient port city of Thonis-Heracleion in the Bay of Aboukir, the institute said. The team investigated the city’s south canal, where huge blocks of stone from the ancient temple collapsed “during a cataclysmic event dated to the mid-second century BC,” the institute said. https://youtu.be/dUURKxldLBs