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Topic: Economy of Egypt


  
  Egypt: Economy
Egypt has had a very strong economic growth in recent years, a situation that continues even as of 2005, with a growth in GDP of 4.5% divided on a population growth of 1.8%.
Egypt is grossly overpopulated, and there is neither sufficient agricultural land, nor water resources to sustain the ever increasing population currently estimated at about 70 million.
Egypt at the time of the fall of king Faruk, was heavily dependent upon agriculture.
i-cias.com /e.o/egypt_2.htm   (818 words)

  
 meepas - Egypt country profile: Economy and Politics   (Site not responding. Last check: 2007-10-16)
Egypt's strong standing in the Arab world and in regional politics is considered as a strength as it has a positive impact on the country's image as well as economic relations with its regional neighbours.
Egypt's close relations with the West is considered as a political and economic strength as it provides the country with political support in international organisations such as the UN, IMF and the World Bank, whilst improving Egypt's international image.
Egypt's historic archaeological sites are also considered as a strength for the Egyptian economy as they contribute to the growth of the Egyptian economy by attracting large numbers of foreign tourists.
www.meepas.com /egyptstrengths.htm   (515 words)

  
 Economy < Egypt Fact Book < St. Takla Church - Alexandria, EG
With the promulgation of a series of laws beginning in 1961, the economy of Egypt was rapidly socialized.
Egypt's economic ills were a major reason for the peace efforts of the late 1970s, because the country could not afford another war.
The economy also is burdened by foreign debt, which in the early 1990s was more than twice the size of the country's annual budget.
st-takla.org /General-Knowledge-Articles/01-a-Egyptian-Info/Egypt-Info-13-Economy.html   (314 words)

  
 Egypt Economy
However, the Egyptian economy relies heavily on tourist, oil and gas, and Suez Canal revenues, all of which are vulnerable to outside factors.
Transportation facilities in Egypt are centered in Cairo and largely follow the pattern of settlement along the Nile.
Egypt has long been the cultural and informational center of the Arab world, and Cairo is the region's largest publishing and broadcasting center.
www.traveldocs.com /eg/economy.htm   (1851 words)

  
 Trade and Finance: Egypt Reforms Economy
Egypt is launching a structural adjustment program aimed at boosting economic growth and improving living standards.
The group said that Egypt's efforts to reform its economy were "bold and comprehensive" and that these efforts were being strongly supported by the international community.
Egypt's reform program should have a positive effect on the economy through higher growth rates and a greater role played by the private sector in the country's development.
www.washington-report.org /backissues/1091/9110089.htm   (690 words)

  
 Economy - Egypt - Africa
For most of Egypt’s history, its economy was based almost entirely on farming, despite the fact that more than 95 percent of the country’s land area is infertile desert.
Long an exporter of cereals, in the 19th century Egypt began to specialize in growing cotton, which is still an important cash crop.
Despite its economic and social development in the 20th century, Egypt was a relatively poor country in world terms, with a gross domestic product (GDP) in 2000 of $98.7 billion, or $1,540 per capita.
www.countriesquest.com /africa/egypt/economy.htm   (140 words)

  
 Hidden economy Egypt (via CobWeb/3.1 planetlab2.cs.unc.edu)   (Site not responding. Last check: 2007-10-16)
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hidden-economy-egypt.vanur.com.cob-web.org:8888   (2450 words)

  
 Egypt Stories > Economy
Egypt's economy depends mainly on agriculture, media, petroleum exports, and tourism; there are also more than 5 million Egyptians working abroad, mainly in Saudi Arabia, the Gulf area like UAE, and Europe.
The government has struggled to ready the economy for the new millennium through economic reform and massive investment in communications and physical infrastructure, much financed from U.S. foreign aid (since 1979, an average of 2.2 billion dollars per year).
Egypt is the third largest recipient of such funds from the United States following the Iraq war.
www.egypt-stories.info /Economy   (573 words)

  
 Egypt's Economy Needs a Lift - Council on Foreign Relations   (Site not responding. Last check: 2007-10-16)
Egypt has suffered greatly from the triple whammy of terrorism, fears of war, and the global economic slowdown.
The economy is expected to expand by no more than 2.6 percent in 2003 (assuming there's no war in Iraq).
Egypt must generate more than 600,000 jobs per year just to keep up with the growth of its labor force.
www.cfr.org /publication/5517/egypts_economy_needs_a_lift.html   (1666 words)

  
 globalEDGE (TM) | country insights - Economy of Egypt   (Site not responding. Last check: 2007-10-16)
The Egyptian economy, however, relies heavily on tourism, oil and gas exports, and Suez Canal revenues, much of which is controlled by the public sector and is also vulnerable to outside factors.
A portion of U.S. assistance to Egypt under the 2003 Iraq war supplemental appropriations was provided in the form of bond guarantees, which were contingent upon Egyptian compliance with a series of economic conditions.
Egypt met the conditions and in September 2005 issued $1.25 billion in 10-year bonds that were fully guaranteed by the United States.
globaledge.msu.edu /IBRD/CountryEconomy.asp?CountryID=91&RegionID=5   (1931 words)

  
 Highbeam Encyclopedia - Search Results for Economy of Egypt
Qanat as Suways, waterway of Egypt extending from Port Said to Port Tawfiq (near Suez) and connecting the Mediterranean Sea with the Gulf of Suez and thence with the Red Sea.
It borders on Algeria in the west, on Tunisia in the northwest, on the Mediterranean Sea in the north, on Egypt in the
IMF: Egypt's economy is improving, country has not asked for more loans.
www.encyclopedia.com /SearchResults.aspx?Q=Economy+of+Egypt&StartAt=11   (727 words)

  
 Al-Ahram Weekly | Economy | Is Egypt next?   (Site not responding. Last check: 2007-10-16)
Egypt has always taken comfort in the belief that it was relatively immune to any negative fallout in one particular economy or the other.
But the silver lining here, says Fahmi, is that while all of this will inflate Egypt's already snowballing imports bill, it might encourage the monetary authorities to accelerate their previously announced plan to peg the pound to a basket of currencies, instead of to the dollar only.
The problem with Egypt, is that it lacks benchmarks and measures to assess the depth of harm done, he said.
weekly.ahram.org.eg /2001/526/ec2.htm   (1015 words)

  
 Egypt - The Economy   (Site not responding. Last check: 2007-10-16)
FROM THE 1850S UNTIL the 1930s, Egypt's economy exhibited a classic Third World dependency syndrome, the essence of which was reliance on the export of a single, usually primary, commodity.
In the case of Egypt, the commodity was long-staple cotton, introduced in the mid-1820s during the reign of Muhammad Ali (1805-49), and made possible by the switch from basin to perennial, modern irrigation.
By 1952 Egypt was in the throes of both economic and political crises, which culminated in the assumption of power by the Free Officers.
countrystudies.us /egypt/73.htm   (498 words)

  
 Economy of Egypt   (Site not responding. Last check: 2007-10-16)
Egypt continues to receive modest food assistance through the World Food Program and from France.
Egypt and Jordan are cooperating to establish the Eastern Gas Company to export natural gas to Jordan; the expected date of completion is by mid-2003.
It is estimated that Egypt will be able to export to Jordan 1.1 to 3 km³ of gas per year.
economy-of-egypt.iqnaut.net   (1393 words)

  
 Egypt: History (639 AD- ) (via CobWeb/3.1 planetlab2.cs.unc.edu)   (Site not responding. Last check: 2007-10-16)
Egypt is under their total control by 642.
Egypt becomes a monarchy, with Fu'ad as king.
1979: Egypt is expelled from the Arab League of Nations, as a reaction to the peace agreement with Israel.
www.lexicorient.com.cob-web.org:8888 /e.o/egypt_5.htm   (940 words)

  
 Economy of Egypt - Wikipedia, the free encyclopedia
Egypt has a stable economy in the Middle East and North Africa enjoying continuous growth in the past half-a-century.
Egypt and Jordan agreed to construct the Arab Gas Pipeline from Al Arish to Aqaba to export natural gas to Jordan; with its completion in July 2003, Egypt began to export 1.1 bcm of gas per year.
In 2003, Egypt, Jordan and Syria reached an agreement to extend this pipeline to Syria, which possibly could mean a future connection with Turkey, Lebanon and Cyprus.
en.wikipedia.org /wiki/Economy_of_Egypt   (1927 words)

  
 Egypt - Economy
Lack of substantial progress on economic reform since the mid 1990s has limited foreign direct investment in Egypt and kept annual GDP growth in the range of 2-3 percent in 2001-03.
Egyptian officials in late 2003 and early 2004 proposed new privatization and customs reform measures, but the government is likely to pursue these initiatives cautiously and gradually to avoid a public backlash over potential inflation or layoffs associated with the reforms.
Egypt's balance-of-payments position was not hurt by the war in Iraq in 2003, as tourism and Suez Canal revenues fared well.
www.classbrain.com /art_cr/publish/printer_egypt_economy.shtml   (310 words)

  
 arab.net -- Egypt, Business, Economy   (Site not responding. Last check: 2007-10-16)
During the presidency of Gamal Abdel Nasser, the economy of Egypt was radically socialized.
By reversing many of Abdel Nasser's policies and opening Egypt to foreign investment, Sadat began a gradual revival of the Egyptian economy which was significantly enhanced by remittances from Egyptians working in the surrounding oil producing countries.
Tourism represents one of the most lucrative sectors of Egypt's economy but is highly vulnerable to internal violence and regional politics.
www.cs.cmu.edu /afs/cs.cmu.edu/project/theo-3/data/web_type/Economy/egypt.et_economy.html   (340 words)

  
 Egypt Economy, Egypt People, Culture, Flag
Despite the fact that Egypt had only 5 percent of fertile soil, the economy was mainly based on farming.
The country was an exporter of cereals for a long time and it is in the 19th century that it started concentrating on the growth of cotton.
Egypt Political Map    Country Profile of Egypt    Economic Profile of Egypt    Insurance in Egypt    Indo-Egypt Economic Relations    Flag of Egypt    Economy in Egypt    Insurance in Egypt    Mortgage in Egypt   
www.mapsofworld.com /country-profile/egypt1.html   (524 words)

  
 Microfinance at the University - Egypt Economy overview
Egypt improved its macroeconomic performance throughout most of the last decade by following IMF advice on fiscal, monetary, and structural reform policies.
As a result, Egypt managed to tame inflation, slash budget deficits, and attract more foreign investment.
Monetary pressures have increased since 11 September 2001 because of declines in tourism and Suez Canal tolls, and Egypt has devalued the pound several times in the past year.
www.saa.unito.it /meda/egypt_economy.htm   (150 words)

  
 Economy and GDP of Egypt
Even though Egypt's economy is improving, Egyptians have disparities in the distribution of wealth across the nation.
This disparity is mainly between Upper Egypt and the north.
The relatively affluent Nile delta in the highly urbanised north of Egypt, has been much more successful in attracting development and benefiting from it than the remote and still largely rural south of the country.
www.joinafrica.com /countries1/Egypt/economy.htm   (458 words)

  
 Egypt State Information Service-Economy
Egypts economy is the most varied of the Middle East economies, where sectors of tourism, agriculture, industry and service contribute at almost equal rates in the national production.
Consequently, Egypt s economy is picking up development at increasing rates, based on a climate luring investments represented in proper legislation, convenient policy, internal stability, trade and market liberalization.
The decision to convene this meeting in Sharm el-Sheikh, Egypt in May 2006 was made in the WEF meetings in Davos, Switzerland.
www.sis.gov.eg /En/Economy   (242 words)

  
 Economy Of Egypt   (Site not responding. Last check: 2007-10-16)
If you would like to use this flag of Egypt or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
If you would like to use this map of Egypt or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
If you would like to use this information for Egypt or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
www.appliedlanguage.com /country_guides/egypt_country_economy.shtml   (488 words)

  
 Al-Ahram Weekly | Economy | Where Egypt needs to go   (Site not responding. Last check: 2007-10-16)
Egypt has some work to do," adding that "we know Egypt is the traditional heart of the Arab world, but this isn't going to be handed to them just because it is a big and important country."
Zoellick pointed in particular to Egypt's failure to modernise its customs system and said he had a list of American businesses that were threatening to walk out of the country.
Prospects for an FTA with the US must be at the forefront of Egypt's economic policies, the chamber said, "because of its expected role in modernising the domestic export sector and raising its competitiveness".
weekly.ahram.org.eg /2003/645/ec1.htm   (1261 words)

  
 Economy [Egypt]
Even so, the economy grew rapidly during the late 1970s and early 1980s, but in 1986 the collapse of world oil prices and an increasingly heavy burden of debt servicing led Egypt to begin negotiations with the IMF for balance-of-payments support.
Egypt's first IMF standby arrangement concluded in mid-1987 was suspended in early 1988 because of the government's failure to adopt promised reforms.
Egypt signed a follow-on program with the IMF and also negotiated a structural adjustment loan with the World Bank in 1991.
imej.wfu.edu /articles/1999/1/02/demo/country_profiles/Egypt/economy.htm   (407 words)

  
 Egypt - Economy
Occupying the northeast corner of the African continent, Egypt is bisected by the highly fertile Nile valley, where most economic activity takes place.
The subsidies have contributed to a growing budget deficit - more than 8% of GDP in 2005 - and represent a significant drain on the economy.
Egypt's export sectors - particularly natural gas - have bright prospects.
www.exxun.com /Egypt/e_ec.html   (515 words)

  
 Egypt: Economy
Economic growth in Egypt has been held back by a severely limited amount of arable land (less than 5% of the total area) as well as a large and rapidly growing population.
The state owns much of the economy and plays a decisive role in its planning; however, in recent years Egypt has moved toward a more decentralized, market-oriented economy, and there has been an increase in foreign investment.
Egypt makes the most of its gas opportunities: with oil destined to play a reduced role in Egypt's economy, increased investment is......
www.infoplease.com /ce6/world/A0857909.html   (601 words)

  
 Al-Ahram Weekly | Egypt | Welch slams economy   (Site not responding. Last check: 2007-10-16)
While expressing cautious optimism regarding the economy's performance in 2004, Welch said he hoped people do not go away from his speech "thinking that everything is going just right on economic policy".
Egypt's hosting of the Alexandria reform conference as well as a major African IT conference, and its efforts to revive the postponed Arab League summit and diplomatically pursue the Quartet's "roadmap" to restart Israeli- Palestinian negotiations, all reflected this role.
The ambassador declined to answer a question on whether Egypt was invited to the Group of Eight summit scheduled for 8-10 June in the US.
weekly.ahram.org.eg /2004/693/eg3.htm   (1066 words)

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