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Egypt

Issuer website
Government website

Issuer

Abbreviation 

Email

Phone

Location

Capital

Official languages

Population

Currency

ISO 4217

Cairo

Egypt

Arabic

112,716,598

EGP

Egyptian Pound

Delivery

  • Certificate of incorporation 

  • Articles of association

  • Meeting minutes 

  • Company stamp

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<Economy>

"Egypt has seen a steady improvement in its economy over the past few years. According to the World Bank, the country's GDP grew by 5.3% in 2019, up from 4.2% in 2018. This growth was driven by a strong performance in the services sector, which accounted for more than half of the country's GDP. Inflation has also been kept in check, with the annual rate dropping from 14.4% in 2018 to 11.3% in 2019.

The country has also seen a rise in foreign direct investment (FDI), with inflows reaching $8.3 billion in 2019, up from $7.2 billion in 2018. This has been driven by the government's efforts to attract more foreign investment, including tax incentives and other reforms.

The Egyptian pound has also been relatively stable, with the exchange rate remaining at around 17.7 EGP to the US dollar since 2018. This has helped to keep the cost of living in check, with the consumer price index (CPI) rising by only 4.2% in 2019.

Overall, Egypt's economy has seen a steady improvement in recent years, with strong growth, low inflation, and increased foreign investment."

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