Egypt's Economic Potential

Blurb: Egypt is in the midst of a huge construction boom—the center of which is a New Administrative Capital intended to modernize the seat of government for the country of 103 million people in a new city 28 miles east of Cairo.

In the blistering summer of 2014, Egyptians were facing spontaneous electricity blackouts for up to six hours a day, waiting hours in gas station lines often long enough to stretch across entire neighborhoods, and enduring hundreds of terrorist attacks targeting infrastructure.

Weaving through the packed parking lot toward the Mall of Egypt, a new $700 million retail palace complete with a Dubai-style indoor ski slope, it's easy to think that the country's economy is well and truly on the mend after years of crisis.

Tourists are returning after the 2011 protests to visit awe-inspiring historic sites like the pyramids and the tombs of great pharaohs.

Investment security, economic stability and government stability are the three top FDI concerns for Egypt but, Nevine Loftfly, managing director and CEO of the Abu Dhabi Islamic Bank Egypt, says investors need not worry about government instability

Egypt is back in business, with economic growth and investor confidence in Egypt nearly back to levels seen in 2010, GDP growth up to four percent

The speed with which Egypt completed its Suez Canal expansion has given observers confidence that the country's ambitious SCZone plan really could become the economic powerhouse the government envisions.

For nearly 40 years, the United States and Egypt have had a strategic alliance that has yielded significant mutual benefits to citizens of both our nations.

Billed as Egypt's gift to the world, the inauguration of the new Suez Canal earlier this month delivered a crystal-clear message

A delegation of Egyptian businessmen of the American Chamber of Commerce in Egypt, otherwise known as AmCham Egypt, is wrapping up its annual Doorknock mission to Washington D.C., this afternoon with optimistic reports on the improved investment climate in regard to Egypt.

Last week, the American Chamber of Commerce in Egypt introduced the new U.S. Ambassador, Stephen Beecroft, to an audience that filled every seat in the Four Seasons massive ballroom in Cairo. It was a memorable lunch for all of us in the room.

Over the past 15 years, global food giant Mars has enjoyed phenomenal success in the Egyptian market, not only meeting domestic demand but also using it as a base to export to other countries in the Middle East and Indian subcontinent.

Egypt-based investment firm Sawari Ventures expects to close its recently launched $50 million fund to new investors before year-end, its founder and chairman told Reuters on Wednesday.

Egypt's mid-March investment conference made a splash beyond the government's expectations. It revealed an international change of heart - the attendance of global government and business leaders, as well as regional and international banks and development organisations, reflected the revival of interest in investing in Egypt.

Heads of state and representatives of international organisations are among those who will participate in Egypt's economic conference beginning on Friday.

With Egypt's economic conference barely a week away, anticipation about the opportunities it will unveil is high in the country as well as among foreign business communities.

Egypt has been a reliable American ally, the anchor of stability in the Middle East, and a regional economic hub for the better part of 40 years. During this period, Egypt has exercised responsible political influence,

The Suez Canal Area Development and the Second Suez Canal Projects are the most important drivers of economic recovery in Egypt and mark a turning point for a country that has been marred by continuing instability.

CAIRO (AP) — Representatives from over 60 U.S. companies wrapped up Tuesday a two-day visit to Egypt described as the largest such delegation in history that aimed to explore potential businesses to boost the country's ailing economy.

The U.S. sent its biggest-ever trade delegation to Egypt, the latest sign that the allies have repaired the rift that followed the army's ouster of an elected president last year. Executives from about 70 companies

Please give us your evaluation of the current business environment in Egypt and what role the American Chamber plays in this regard.

Prior to the onset of Egypt's political crisis, the rapid influx of new investments over the past few years made the country the largest recipient of foreign direct investments (FDI) in the Middle East and third in the Arab world, after Saudi Arabia and the United Arab Emirates.

In a frolicking, light-hearted tune, the pop band The Bangles told us to "Walk like an Egyptian" in the 1980s. The song raced up the charts and, in 1987

CAIRO—Egyptian President-elect Abdel Fattah Al Sisi faces a tangle of economic challenges, but many foreign investors are already betting his arrival heralds better returns after three years of political tumult.

A MARKET swoon may not have made it easy for American businesses to attract investment, but problems are relative. The American Chamber of Commerce in Egypt

Last week the American Chamber of Commerce in Egypt (AmCham) and the Egypt-US Business Council (EUSBC) lead the first joint economic mission to the United States

Last week the American Chamber of Commerce in Egypt (AmCham) and the Egypt-US Business Council (EUSBC) lead the first joint economic mission to the United States

Minister of Trade and Industry Mounir Fakhri Abdel-Nour expounded the latest developments in Egypt and the government's efforts to attract more foreign investments to members of the American Chamber of Commerce (AmCham) in Washington on Wednesday 12/2/2014.