Posts Tagged ‘Egypt’
“Political instability and change can inspire action… but it can also bring the business to a halt at other times.”
The new government is expected to bring stability to the country, which will eventually be reflected in consumer spending and confidence.
“Investors should focus on positioning themselves on the right side of policy, as opposed to politics.”
Business research company Infomineo explains why it decided to set up its second African office in Egypt.
Whilst last year’s political turmoil in North Africa may have been off-putting to potential investors in the region, Egypt’s evolving demographics are appealing.
Mert Yildiz, an economist at Renaissance Capital, argues that Egypt is at a pivotal point and could potentially be the success story of the decade, provided it travels down the right economic/political path.
Pan-African financial services group Imara has indicated to international investors there is no great need to leap into Egyptian equity markets following the ‘Arab Spring’.
The Egyptian stock exchange finally reopened on Wednesday this week after having been closed for approximately seven weeks following political upheaval in that country.
The Arab world has moved into unchartered territory during the past few weeks but the recent events will not derail the economic development of the region.
Though some Middle East and North Africa (MENA) equity markets fell at times by 20% or more following popular unrest in Tunisia and Egypt, there is a relatively low risk of ‘Egyptian contagion’.
The unrest in Egypt might spread to other countries with high unemployment rates, such as Algeria, Standard & Poor’s said today.
Heineken NV, the world’s third-largest brewer by volume, said on Monday it had halted production in Egypt as protesters intensified their campaign to force President Hosni Mubarak to stand down.
EgyptAir on Monday launched direct flights from Cairo to Lusaka.
Japanese electronics group Toshiba Corporation is aggressively targeting the African market with its range of TV models.
Egypt’s manufacturing sector has the capability to compete head-on with Chinese companies, both in terms of price and quality.