Egypt

MARKET OF EGYPT

EGYPT'S MARKET OVERVIEW

Egypt is one of the northeastern countries of Africa. It borders Libya to the west and Sudan to the south. Egypt's GDP is estimated at more than 32% in the agricultural sector. Egypt produces 688,100 barrels of oil per day. Egypt's economic situation grew by 0.26% in 2020. Egypt ranks very high in the welfare services sector in the city, transportation and urbanization system. Suez is unique in Egypt for investment, the city is divided into economic and commercial sectors and is on the list of best cities for investment. The rate of social security in Egypt is estimated at 40.00 percent, although this rate has been stable from previous years until today. Tourism, agriculture, industry, and services sectors each account for almost equally in the country's domestic production. Political situation in Egypt is under control and the financial corruption within the companies has been minimized.

Geography and politics of Egypt

Egypt is one of the northeastern countries of Africa. It borders Libya to the west and Sudan to the south
Egypt is one of the northeastern countries of Africa. It borders Libya to the west and Sudan to the south

Egypt is one of the northeastern countries of Africa. It borders Libya to the west and Sudan to the south. Egypt is bordered by the Mediterranean Sea to the north, Israel by land on the Sinai Peninsula, and Palestine on the Gaza Strip. The north of Egypt generally has a pleasant climate due to its proximity to the Mediterranean Sea. 

The eastern and western deserts and the warm weather seen in this country have certain classifications. Cold winters are sometimes seen up to 25 degrees below zero in all parts of Egypt. The summers are hot and the weather is dusty in the spring. There are many monsoon storms in this country. The situation of GDP from construction in this country is estimated at 1%. It is clear that the GDP policies of the mines in this country have grown by 10%, and the Egyptian economy, which is dependent on the GDP of the public transport sector, is also growing by 4%.

The north of Egypt generally has a pleasant climate due to its proximity to the Mediterranean Sea. The eastern and western deserts and the warm weather seen in this country have certain classifications. Cold winters are sometimes seen up to 25 degrees below zero in all parts of Egypt.

The summers are hot and the weather is dusty in the spring. There are many monsoon storms in this country. The situation of GDP from construction in this country is estimated at 1%.

It is clear that the GDP policies of the mines in this country have grown by 10%, and the Egyptian economy, which is dependent on the GDP of the public transport sector, is also growing by 4%. Of course, financial and income resources in this country are seriously pursued and the state of economic growth in this country is evaluated at constant values.

The current account balance in this country is announced at 1538.90 million US dollars. This commercial value has decreased in recent years. The current account situation for GDP in this country has been negative in previous periods, which in 2020 this figure was estimated at 8.70%.

The situation seen for the import and export sectors of Egypt is accompanied by a growth of 7% and 3%. Foreign debt in Egypt also grew by 9%. The corporate tax rate in Egypt has generally been around 25 percent, a situation that is seen for the personal income tax rate in Egypt at first was 22.50 percent, which today is seen at 34.00 percent. The sales tax rate in this country in previous years was 10 percent, which today is reported at 14 percent.

The social security rate in Egypt is also estimated at 40.00 percent, although this rate has been stable from previous years until today. The strange traditions and superstitions that are seen among the people in Egypt are increasing day by day and are part of their culture. Most people follow the culture of living in Egypt ethnically, and when the great person of a nation considers what the conditions are in the culture of Egypt, the people must be able to take these principles seriously.

Egyptian economy and financial resources and income

Egypt's GDP is estimated at more than 32% in the agricultural sector. Egypt produces 688,100 barrels of oil per day
Egypt's GDP is estimated at more than 32% in the agricultural sector. Egypt produces 688,100 barrels of oil per day

Egypt's economic situation grew by 0.26% in 2020. The country has a gross domestic product of $ 332.90 billion. About 28 million people are working in this country, and of course, the participation rate has increased. Estimates show that Egypt's GDP is estimated at more than 32% in the agricultural sector. Egypt produces 688,100 barrels of oil per day.

The country as a whole has a lot of gas resources and 76.40 billion cubic meters of gas is produced during the year. Exports in Egypt mostly include crude oil and petrochemical products, and of course cotton, textiles and hardware are also exported from this country to other countries.

It is clear that in the newest export sectors of Egypt, hardware, as well as chemicals, can be seen. Egyptian imported products mostly include machinery, equipment, and food. Also, chemicals and timber are considered as other imported items. The economic situation of Egypt is being seriously monitored, and of course, the situation of the annual GDP growth rate in Egypt is estimated at 7.70%. The situation of GDP in Egypt is pursued at a certain value. GDP at constant prices in Egypt has also increased by more than 90%.

GDP per capita in this country has also grown by 3%. Gross domestic product from agriculture in Egypt has grown by 12 percent, while the GDP of construction in this country is estimated at 1 percent. It is clear that the GDP policies of the mines in this country have grown by 10%, and the Egyptian economy, which is dependent on the GDP of the public transport sector, is also growing by 4%.

Of course, the financial and income sources in this country are seriously pursued and the state of economic growth in this country is evaluated at constant values. In this country in general, the government has tried to adopt modern mechanisms. The Egyptian economy is being seriously pursued in the export sector, and the amount of exports in this country has changed periodically, although the domestic economic values ​​in this country have also improved.

The type of government and political structure of Egypt

Egypt's economic situation grew by 0.26% in 2020
Egypt's economic situation grew by 0.26% in 2020

The country has a gross domestic product of $ 332.90 billion. About 28 million people are working in this country, and of course, the participation rate has increased. Estimates show that Egypt's GDP is estimated at more than 32% in the agricultural sector. Egypt produces 688,100 barrels of oil per day.

The country as a whole has a lot of gas resources and 76.40 billion cubic meters of gas is produced during the year. Exports in Egypt mostly include crude oil and petrochemical products, and of course cotton, textiles and hardware are also exported from this country to other countries.

It is clear that in the newest export sectors of Egypt, hardware, as well as chemicals, can be seen. Egyptian imported products mostly include machinery, equipment, and food. Also, chemicals and timber are considered as other imported items. The economic situation of Egypt is being seriously monitored, and of course, the situation of the annual GDP growth rate in Egypt is estimated at 7.70%. The situation of GDP in Egypt is pursued at a certain value. GDP at constant prices in Egypt has also increased by more than 90%.

GDP per capita in this country has also grown by 3%. Gross domestic product from agriculture in Egypt has grown by 12 percent, while the GDP of construction in this country is estimated at 1 percent. It is clear that the GDP policies of the mines in this country have grown by 10%, and the Egyptian economy, which is dependent on the GDP of the public transport sector, is also growing by 4%.

Of course, the financial and income sources in this country are seriously pursued and the state of economic growth in this country is evaluated at constant values. In this country in general, the government has tried to adopt modern mechanisms. The Egyptian economy is being seriously pursued in the export sector, and the amount of exports in this country has changed periodically, although the domestic economic values ​​in this country have also improved.

The political structure of Egypt is a republic and the president will be the president. The president is elected in Egypt every six years, and the people's vote has a great influence on his election.

In 2005, a referendum was held in Egypt to make the right changes to the constitution. According to the outcome of the referendum, the president must be chosen from several candidates. Before that, the People's Council elected the president and voted for or against him.

In Egypt, the prime minister is the head of state and is appointed by the president. The prime minister's cabinet is also elected by the president. The People's Council in this country is called Majlis al-Shabi, which has 454 seats, of which 444 are elected by popular vote and ten are elected by the president. The term of office for the People's Assembly in Egypt has been announced for 5 years.

In Egypt, there is an advisory council known as Al-Shura. The parliament has 264 members, of whom 174 are elected by popular vote and 88 are elected by the president. In general, there are many political movements in Egypt, each with its conditions.

Global ranking in all areas of Egypt

Egypt ranks very high in the welfare services sector in the city, transportation and urbanization system
Egypt ranks very high in the welfare services sector in the city, transportation and urbanization system

Egypt ranks very high in the welfare services sector in the city so that the government has tried to pursue the transportation and urbanization system with a certain value.

The country's ranking in the field of education and the universities that have been established is accompanied by a growth of more than 12 percent. The health situation in Egypt has changed, but health care in this country is pursued in such a way that people can enjoy it. The hospital treatment and the situation that is seen for the tourism insurance in this country is excellent, although the government is trying to improve the economic situation in Egypt, and it has been very successful in this regard.

Negative economic growth is much less seen in Egypt. The welfare services of this country have been seen in the work sector as well as in the corporate space. The financial situation of Egypt is such that people can make special use of it. In the economy of this country, treatment is pursued professionally, and of course, the recruitment of doctors in this country is also a principle. The price of the Egyptian pound affects the world ranking of this country.

The state of trade balances in Egypt has grown by 2%, the current account balance in this country is announced at 1538.90 million US dollars. This commercial value has decreased in recent years. The current account situation for GDP in this country has been negative in previous periods, which in 2020 this figure was estimated at 8.70%. The situation seen for the import and export sectors of Egypt is accompanied by a growth of 7% and 3%. Foreign debt in Egypt also grew by 9%. The situation of foreign direct investment in this country has grown by 5%.

The PMI of index production in this country for 2020 is estimated at 52.50%, although industrial production in this country is worth 22.50%. The situation seen in the monthly industrial production in this country is also 22.10%. The state of industrial production in Egypt is 26.60%. As it is known, the changes in the inventory in Egypt have grown by 7% and there is a high ranking in Egypt.

Steel production in Egypt is seriously estimated at more than 750,000 tons. The ease of doing business in this country has also reached 128.00. The situation seen for competitive indicators in Egypt has a score of 54.54%. Egypt's world rankings in the new rankings are followed professionally. Economic values ​​and inventory in Egypt are pursued professionally. The turnover situation in Egypt has also grown by 11%.

Remittances in this country are generally estimated at 7%. Tourism revenue in this country is estimated at 12.5 percent. The situation of crude oil production in this country is estimated at 9 bbl and the terrorism index in this country is 7.35%, although the trade balances in Egypt can be examined based on economic data. The Egyptian pound has risen 0.23 percent.

The capital and nine major cities of Egypt

Suez is unique in Egypt for investment, the city is divided into economic and commercial sectors and is on the list of best cities for investment
Suez is unique in Egypt for investment, the city is divided into economic and commercial sectors and is on the list of best cities for investment

Cairo is the capital of Egypt and it is the largest city in this country and a large population in this city is engaged in agriculture and livelihood in Cairo is often done through agriculture, of course, Cairo is one of the best immigrant cities in Egypt.

Alexandria is another important city in Egypt, it has a lot of scenic space and is on the list of cities that are often a great option for tourism.

Giza is a quiet city. It is a little strange built and the architectural atmosphere of this city is as if you have traveled to the last hundred years.

Shabar al-Khaimah is a good and spectacular city. This city has a strong economic atmosphere, although, in this city, people try to consider the principles of proper living.

Port Saeid is a very luxurious city with a renovated and unique atmosphere. This city has been the residence of famous people in the past years.

Suez is unique in Egypt for investment, the city is divided into economic and commercial sectors and is on the list of best cities for investment.

Aqsar and Mansoura are two cities that are close to each other, which can be a good choice for education, although the comfort of living in these cities may seem limited.

Urban economy of Egypt
As the capital and primate city of Egypt, the economy of Greater Cairo largely reflects that of the nation and, indeed it probably contributes half of the Gross Domestic Product. In spite of many calls for decentralisation of the bureaucracy, government is heavily concentrated in the capital, and it also contains most of the higher-order private sector services. 

With the establishment of industrial zones in the new towns of Sixth of October and Tenth of Ramadan (30 and 50 km from the city centre respectively), Cairo has also become the focal point of most modern manufacturing. Finally, Cairo has a well-developed tourist economy, catering both to Western tourists and Gulf Arabs, and it also enjoys an important position as a regional centre for conferences.

Paralleling the formal economy, Cairo also has an immense informal economy, made up of hundreds of thousands of small and micro-enterprises. The informal sector absorbs over half of the city’s labour force and informal employment is expanding at a faster rate than formal employment. Also, as estimated in the recent work of Lima’s Institute for Liberty and Democracy, informal investment in residential real estate in Greater Cairo is valued at over US$ 36 billion, representing 39 per cent of the city’s total

population and companies in Egypt

The rate of social security in Egypt is estimated at 40.00 percent, although this rate has been stable from previous years until today
The rate of social security in Egypt is estimated at 40.00 percent, although this rate has been stable from previous years until today

The corporate tax rate in Egypt has generally been around 25 percent, a situation that is seen for the personal income tax rate in Egypt at first was 22.50 percent, which today is seen at 34.00 percent. The sales tax rate in this country in previous years was 10 percent, which today is reported at 14 percent. The rate of social security in Egypt is estimated at 40.00 percent, although this rate has been stable from previous years until today.

Summary of the geography of Egypt
Egypt is one of the northeastern countries of Africa. It borders Libya to the west and Sudan to the south. Egypt is bordered on the north by the Mediterranean Sea, on the Sinai Peninsula by Israel, and on the Gaza Strip by Palestine.

The north of Egypt generally has a pleasant climate due to its proximity to the Mediterranean Sea. The eastern and western deserts and the warm weather seen in this country have certain classifications. Cold winters are sometimes seen up to 25 degrees below zero in all parts of Egypt.

The summers are hot and the weather is dusty in the spring. There are many monsoon storms in this country. In Egypt, especially in the city of Cairo, there are historical mosques and museums of ancient Egypt. The country has seen the largest film and music industry. The cities of Egypt have many sights.

Countries and dependent regions of Egypt
Egypt has been under British occupation throughout history, and of course, it was able to liberate itself after a certain period.

Exports to Egypt and the importance of trade with Egypt

Tourism, agriculture, industry, and services sectors each account for almost equally in the country's domestic production
Tourism, agriculture, industry, and services sectors each account for almost equally in the country's domestic production

Egypt for many reasons, including its large Muslim population, rich natural resources, large industrial factories, abundant foreign exchange earnings from the tourism industry, extensive commercial facilities, geographical location,

Superior strategy in Africa and geographical proximity to Iran compared to other African countries, it has a privileged position in trade with Iran.

To develop non-oil exports, marketing, and penetration into markets near and far is one of the most important stages of exports.

The most important factors are the lack of trade development with Egypt

  • Existence of some political considerations and sometimes criticisms of one of the two sides towards the other
  • US sabotage is the most important factor because the relationship between Iran and Egypt is incompatible with US strategies for the region.

Most of Iran's exports to Egypt are intestines, oil, and oils from bituminous minerals, other liquefied petroleum gases, etc.

Is the economic situation in Egypt a good option for exports and imports?
Egypt is one of the countries in the Middle East that has a lot of potentials. Like Turkey, it does not have an oil-dependent economy, and most of its economy depends on the Nile. Trade, export, and import relations between Egypt and Iran have been much better than other African countries, which has its reasons. 

On the other hand, Egypt's major needs for goods exported from Iran will provide a very potential opportunity for Iranian investors. In this article from Sinbad, we examine the state of the Egyptian economy and the importance of exports to Egypt.

Why is Egypt one of the potential export destinations?
Egypt can be chosen as one of the potential export destinations of the country for many reasons. These include large Muslim populations, rich natural resources, large industrial plants, abundant foreign exchange earnings from the tourism industry, extensive trade facilities, superior geostrategic location in Africa, and geographical proximity to Iran compared to other African countries. Has a privileged position in trade with Iran.

The combination of these facilities and capabilities can pave the way for economic cooperation and the expansion of the country's trade relations with Iran, but there is a deep gap between Iran's potential and realized trade capacities with Egypt.

The culture and laws of the Egyptian people

Political situation in Egypt is under control and the financial corruption within the companies has been minimized
Political situation in Egypt is under control and the financial corruption within the companies has been minimized

Progress in Egypt in administrative and Economical sectors
One of the most important sectors that can be developed in Egypt is the sectors related to administrative policies, the status of administrative policies in this country includes the items that have assessed certain gains and losses. The political situation in Egypt is under control and the financial corruption within the companies has been minimized.

The state of health care in Egypt has improved than before. The country's hospitals have often minimized the privatization aspect, and the cost environment has improved so that people can enjoy a good economic situation. Of course, the tax rate situation in Egypt in certain categories has taken more than 78% growth seriously. In Egypt, economic structures and growing sectors have been pursued in such a way that people can also enter the construction and architecture sectors. Architecture in this country depends on precise economic plans.

In the educational path as well as in the Egyptian educational institutions, it has been seen that industrial progress is pursued in such a way that individuals can create a better growth situation. The country's social security rate has improved in several ways in terms of economic classifications. Of course, the government has tried to keep the tax profit in this country to a minimum.

General laws in Egypt
As it is clear in the laws of Egypt, people can only ask someone their name once! In this country, you have no right to disrespect the existing beliefs and superstitions.

Under no circumstances are you allowed to influence politics.

In any case, there is a current in the laws of Egypt that may be a little strange from the point of view of the Iranian people, for example, the flag of Egypt indicates a deity to some people. Of course, the principles and laws of Egypt have shown that the language of Egypt is one of the most important parts of respect.

Exports to Egypt as one of the countries located in the Middle East is considered as one of the target markets for Iran's non-oil exports. Iran has a good exchange capacity with Egypt.

However, due to the turbulent political relations between the two countries, it has not been able to use its potential export capacity in practice. Serbia is located south of the Mediterranean Sea and west of the Red Sea. It is bordered on the west by Libya, on the south by Sudan, and on the Sinai Peninsula by Israel and the Gaza Strip in Palestine.

The capital of Egypt is Cairo and other important cities are Alexandria, Aswan, Giza, Fium, and Port Saeed. Egypt is the most populous country in the Middle East and the third most populous country in Africa. The Egyptian economy has one of the most diverse sources of income in the Middle East. Flax and clover are the two main export products of Egypt. Its major industries are cement, steel, wood, and food industries. Egypt is known as the world leader in the production and cultivation of dates.

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