Egypt is a dynamic country with a storied past and for a period of approximately 500 years was the world’s strongest power. The Egyptians constructed one the Seven Wonders of the World when they completed the great pyramids of Giza. For over 3,800 years these were the tallest man-made structures in the world.
Now Egypt is in a time of transition after a historic revolution that ousted an autocratic regime that ruled the country for over 30 years. This revolution began when people took to the streets to protest poverty, rampant unemployment and government corruption. While protests are still occurring in response to a slow pace of change by the government there are many opportunities that will present themselves in the coming weeks after the first free, democratic elections in decades take place.
These elections will provide stability in the political process and the rule of law. If you are an investor or an entrepreneur this means you have more security in the future of your investments. Egypt and the surrounding region will become more stable and will return to a haven for private equity and infrastructure investing.
Egyptians are looking at this as an investment and a time to liberate the forces of entrepreneurship, bringing in the informal sector, encouraging the dynamism of Egypt’s small and medium sized companies, and most importantly, launching skills training programs and a reform of the education system. Egypt stands a very good chance of overcoming many of the issues and barriers that kept it from becoming one of the large, emerging markets along the lines of Brazil or India.
These reforms are ready and reformers are poised and prepared to embrace revitalizing the Egyptian economy. Frontier Market Scouts will be there on the ground and will be the first to deliver the most updated information about how the connection between Egyptian Businessmen and Investors can be facilitated. Follow us and be a part of the solution.
WASHINGTON, D.C. — Prior to voting President Mohamed Morsi into power last month, Egyptians named jobs as the No. 1 issue or challenge that their government should address, regardless of which political party they supported. The general economic situation and security tied for the next most mentioned priorities. Those expressing support for the Muslim Brotherhood’s Freedom and Justice Party, the Salafist-oriented Nour Party, and the relatively liberal and secular Free Egyptians Party all prioritized the same issues the same way.
http://www.gallup.com/poll/155732/Egyptians-Government-Focus-Jobs.aspx?utm_source=google&utm_medium=rss&utm_campaign=syndication16 July 2012
IN DIRE STRAITS: Instead of confrontation, Morsi and the military need to work together to avert an economic crisis,
Minister of Planning and International Cooperation Fayza Abouelnaga said on Monday that “the dissolved Parliament’s attitude was behind the failure to sign the agreement with the IMF to lend Egypt US$3.2 billion to support the budget.”
قال عمرو طلعت، رئيس جهاز تنمية التجارة الداخلية، والمسئول عن إنشاء التجمعات التجارية فى مختلف المحافظات إن تعدد إنشاء فروع جديدة للسلاسل التجارية له الكثير من الإيجابيات الكبيرة للمستهلك المصرى، خاصة مع تنافس هذه المنشآت سواء كانت للقطاع الخاص أو الحكومى، بتقديم سلع مخفضة وإلغاء عدد من حلقات التداول ودعم الفائدة على المستهلك.
قال أحمد الوكيل رئيس الاتحاد الغرف التجارية، إنه تلقى العديد من الاتصالات من رؤساء الاتحادات فى مختلف دول العالم والذين أوضحوا أن شركاتهم قد تجاوزت عدم الوفاء بالالتزامات التصديرية أثناء الثورة دعما لمصر وتفهما للموقف، ولكن لا يمكن أن يتحملوا عدم الوفاء فى هذه المرحلة من أجل الحفاظ على حصصهم السوقية، وفى ظل توافر موردين من دول أخرى.
SENIOR STATE DEPARTMENT OFFICIAL: So we are in Cairo. The Secretary is spending the day talking to Egyptian civil society. She had a chance to meet young entrepreneurs this morning. Then she had a meeting with about 10 Egyptian Christians representing the full spectrum of Copts and Catholics and others.
MAHALLA EL-KUBRA, Egypt — Four years ago, protests in this Egyptian cotton mill city sowed the seeds of the revolution that ultimately toppled President Hosni Mubarak. Today Mahalla is again seething, as a strike by tens of thousands of textile workers entered its second week Sunday, posing an early test for Egypt’s new president, Mohamed Morsi.
HICAGO, July 15 (UPI) — In an area of the world known for autocratic regimes, military hegemony and brutal dictators, yearnings for democracy have been stirring for more than a year — but only for certain aspects.
U.S. Secretary of State Hillary Clinton is in Tel Aviv after ending two days of talks with Egypt’s quarrelling civilian and military leaders. She offered them U.S. assistance for the struggling Egyptian economy without publicly taking sides in their ongoing power struggle.
استقبل اليوم الدكتور محمد سالم وزير الاتصالات وتكنولوجيا المعلومات، فى مكتبه بالقرية الذكية الفرق المصرية الثلاثة الفائزة فى المسابقة العالمية لكأس التخيل التى نظمتها شركة مايكروسوفت العالمية بالعاصمة الأسترالية سيدنى خلال شهر يوليو الجارى.