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Egypt’s major IT players in recruitment drive

Egypt’s IT sector is seeing an increase in staffing, amid a surge in hiring by multinationals that are expanding operations in the country. Following a meeting in July with automotive component and technology company Valeo Service, the Ministry of Communications and Information Technology (MCIT) announced that the France-based company plans to generate 500 new jobs …

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Egypt seeks to boost foreign direct investment

The government’s drive to boost foreign capital flows has moved forward with the launch of a new foreign direct investment (FDI) council, although there is still room for further improvements. On 2July, President Abdel Fattah Al-Sisi announced he had accepted the government’s suggestion to establish a Higher Council for Investment, according to a press statement. …

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Egypt Year in Review 2015

The year 2015 brought welcome stabilisation and recovery to Egypt, after a difficult post-revolutionary period marked by continued upheaval and sluggish growth. The first part of the year saw a range of encouraging developments, including the completion of the strategically vital Suez Canal expansion, the commitment of more than $35bn in planned foreign investments, closer …

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