EENI Global Business School

Business in Egypt. Egyptian Economy, Suez Canal

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Syllabus of the Subject

Foreign Trade of Egypt, Cairo. Egyptian Businessman. Suez Canal

  1. Introduction to Egypt
  2. Egyptian economy
    1. Growing Sectors of the economy
  3. International Trade of Egypt
  4. Investment in Egypt
  5. Open a business in Egypt
  6. Cost of doing business in Egypt
  7. Business Plan for Egypt
  8. Access to the Egyptian Market

Egyptian Ports, Alexandria, Port Said (biggest traffic of the World). El Adabey, Hurghada

Egyptian Businessman:

  1. Ahmed Mekky
  2. Tarek Talaat Moustafa
  3. Hassan Abdalla
  4. Mohamed Mansour
  5. Onsi Sawiris - Orascom Telecomm
  6. Minoush Abdel-Meguid

The aims of the subject “Foreign Trade and Business in the Arab Republic of Egypt” are the following:

  1. To analyze the Egyptian Economy and Global Trade
  2. To understand the strategic importance of the Suez Canal
  3. To identify business opportunities in Egypt
  4. To explore the Egyptian trade relations with the student's country
  5. To know the Egyptian Trade Agreements
  6. To examine the profile of Egyptian Businesspeople
  7. To develop a business plan for the Egyptian Market

Online Student Master in International Business

The Subject “Foreign Trade and Business in Egypt” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: Islamic Business, African Business, World Trade.

Doctorate in International Business (DIB) Online

Business in East Africa.

Foreign Trade and Business in East Africa

Master in Business in Africa International Business.

Masters in International Business and Foreign Trade (MIB)

Paterson Ngatchou - EENI Strategic Alliances with educational institutions
EENI Partnerships with Educational Institutions

Egypt, Masters, International Business Trade Masters adapted to Egyptian Students.

Languages: Masters, Doctorate, International Business, English or Study Doctorate in International Business in French Égypte Masters Foreign Trade in Portuguese Egito Study Master Doctorate in International Business in Spanish Egipto.

  1. Credits of the subject “Doing Business in Egypt”: 3 ECTS Credits
  2. Duration: three weeks

International Trade and Business in Egypt

Egypt: Strategic location (Africa - the Middle East). Control of the Suez Canal.

Transport and Logistics in Africa. Corridors, ports

African Economic Integration

Market Access - Free Trade Agreements

Egyptian Market Access and Trade Agreements.

  1. Egypt and the East African Economic Area
  2. Arab Mediterranean Free Trade Agreement (العربية المتوسطية اتفاقية للتجارة الحرة - اتفاقية أغادير)
    1. Egypt-Jordan-Morocco-Tunisia Free Trade Agreement (FTA) / Agadir Agreement
  3. Community of Sahel-Saharan States (CEN-SAD)
  4. Common Market for Eastern and Southern Africa (COMESA)
    1. COMESA-US Agreement
  5. COMESA-EAC-SADC Tripartite Agreement
  6. African Continental Free-Trade Area
  7. Trade Agreement with Cameroon
  8. MERCOSUR-Egypt Agreement
  9. Turkey-Egypt Agreement
  10. EFTA-Egypt Agreement
  11. Islamic Trade Preferential System
  12. Greater Arab Free-Trade Area (GAFTA)
  13. Arab Bank for Africa (BADEA)
  14. Arab Trade Financing Programme
  15. Global System of Trade Preferences
  16. Trade Negotiations Among Developing Countries
  17. Nile Basin Initiative
  18. European Union:
    1. EU-Egypt Agreement
    2. European Neighborhood Policy
    3. Euro-Mediterranean Partnership
  19. UK-Egypt Agreement
  20. Organization of the Black Sea Economic Cooperation (Observer)
  21. SICA (observer)
  22. International Conference on the Great Lakes Region (ICGLR) - Guest Member
  23. IORA (dialogue partner)

Trade Facilitation Programs. TFA Agreement

  1. WTO
    1. GATS
    2. Agreement on the Application of Sanitary Measures
    3. Agreement on Technical Barriers to Trade
    4. Agreement on Preshipment Inspection
    5. Agreement on Safeguards
    6. Trade Facilitation Agreement
  2. WCO
    1. Kyoto Convention
  3. Single African Air Transport Market (SAATM / IATA)
  4. BIC
  5. Chicago Convention (ICAO)
  6. IMO
    1. Istanbul Convention
  7. Hamburg Rules
  8. IRU
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
  9. Customs Convention on Containers - not a member

African Institutions (AU, AFDB, AUDA-NEPAD, UNECA)

Islamic Organizations. Arab League

Islamic Organizations. Egypt is a member of:

  1. Economic Commission for Western Asia (ESCWA)
  2. OIC
    1. Committee for Economic Cooperation
    2. Islamic Centre for Development of Trade
    3. Economic Centre for Islamic Countries
  3. Arab League
  4. Islamic Development Bank
  5. Afro-Arab Cooperation
  6. Asia-Middle East (Egypt) Dialogue
  7. Summit of South American-Arab Countries
  8. Arab Development Funds

African Organizations:

  1. Economic Commission for Africa
  2. African Union
    1. AU Convention on Preventing and Combating Corruption (not signed)
  3. African Development Bank
  4. Africa-Asia Partnership
  5. Africa-Korea Partnership
  6. Africa-Japan Cooperation
  7. Africa-South America Summit
  8. China-Africa Cooperation
  9. Africa-India Cooperation
  10. Africa-BRICS
  11. Africa-Turkey Partnership

Globalization and International Organizations

  1. UN
    1. UNCTAD
    2. ITC
    3. WIPO
  2. WB
  3. WTO
  4. IMF

The Arab Republic of Egypt stands at a fortunate strategic location linking Asia (Middle East), Africa, and Europe

  1. Capital of Egypt: Cairo
  2. Largest cities: Cairo, Alexandria, Shubra El Kheima, Giza, Port Said, Suez
  3. Egyptian language: Arabic
  4. Egypt is Semi-Presidential Republic
  5. Egypt became independent from the UK in 1922
  6. Area of Egypt: 1,001,459 km²
  7. Egyptian population: 97 million people
  8. 20% of the Egyptian population is under the poverty line
  9. Currency of Egypt: Egyptian Pound
  10. Uncertainty after the Arab Spring, so great caution when doing business is advised
  11. Almost six out of ten Egyptians are under twenty-five years
  12. Egyptians are enthusiastic, educated, forward-thinking and open to new opportunities
  13. The educational system has improved significantly
  14. Egypt offers comparatively well-qualified
  15. The Arab Republic of Egypt has developed a multi-cultural community, mixing traditions of Africa and the Middle East
  16. Egyptian borders: Israel, Jordan, Libya, Palestine, Saudi Arabia and Sudan

Minoush Abdel-Meguid, Egyptian Banker and Businesswoman, Muslim (Egypt)

More information: Egypt (EENI African Business Portal).

Egypt, the “cultural lighthouse” of the Arab Countries.

Religion in Egypt.

Islam is the state religion since 1980.

  1. Egypt is predominantly Sunni Muslim, with 80 million Muslims (94.7% of the population in 2010)
  2. Sharia is the primary source of legislation
  3. Fiqh (Islamic Jurisprudence): Maliki
  4. There are an estimated 12 million Coptic Orthodox

Islam and Global Business. Islamic Economic Areas

Orthodox Christianity, Ethics and Global Business

Egypt belongs to the East African Economic Area of the African Civilization, but culturally also it belongs to the Islamic Civilization.

We Trust in Africa (Affordable Higher Education for Africans)

Egyptian Economy.

  1. Egypt is a gateway to the largest markets by the way of preferential and regional trade agreements
  2. Egypt's 90 million population, growing at a rate of 2% annually, represents a significant local market for any investor
  3. customs duties reduction has opened the Egyptian market to international trade
  4. Business procedures have been reduced
  5. Corporate and personal taxes have been cut
  6. The cost of Doing Business in Egypt is greatly favorable, particularly labour and land costs
  7. Movement of products is being speeded up with an improved transport system
  8. The Egyptian ports are being modernized
  9. The Arab Republic of Egypt is the economic and cultural centre of a region of 800 million people and a hub for maritime traffic with commercial ports on the Mediterranean and Red Sea
  10. Egyptian GDP (nominal): 216,830 billion
  11. Inflation (CPI): 10.1%
  12. Unemployment in Egypt: 9.7%
  13. The main Egyptian economic sectors are tourism, textiles, cement, food industry, chemicals, metals, pharmaceuticals, hydrocarbons, construction, and light manufacturing
  14. Egypt is considered the gateway to some of the largest markets in the world (Egypt maintains preferential trade agreements with several countries)
  15. The airports are being remodeled to meet the growing flow of passengers and cargo; a modern road network is linking Egypt to the Middle East, Africa and, through the neighboring countries, to Europe

Ahmed Mekky is the co-founder and Managing Director (CEO) of Gulf Bridge International.

Suez Canal (Egypt): 8% of World Seaborne Trade

Foreign Trade (Importing, Exporting)

Egyptian Foreign Trade.

  1. Egyptian exports: 22.91 billion dollars
  2. The main Egyptian export markets are Italy, the U.S., Spain, India, Syria, Saudi Arabia, and Japan
  3. Egyptian imports: 43.98 billion dollars
  4. The major suppliers of Egypt are the U.S., China, Italy, Germany, and Saudi Arabia

Investment Environment in Egypt.

The Ministry of Investment implements definitive policies to promote and develop the foreign direct investment by:

  1. Creating the appropriate organizational and legislative environment for investment
  2. Foreign direct investment promotion
  3. Efficiency progress measurement

Mohamed Mansour. Egyptian Muslim Businessman (Business Egypt)

EFTA-Egypt Free Trade Agreement (FTA)

Tarek Talaat Moustafa. Egyptian Muslim Businessman (Business Egypt)

Onsi Sawiris, Orthodox Businessman (Master Egypt) Orascom Group (Egyptian Conglomerate)

Ahmed Mekky. Egyptian Muslim Businessman (Business Egypt)

Egypt-MERCOSUR (Argentina, Brazil, Uruguay, Paraguay) Free Trade Agreement (FTA)

International Trade and Business in Egypt:
Hassan Abdalla. Egyptian Muslim Businessman (Business Egypt)

Cairo-Dakar Corridor (Trans-African Highway): Egypt, Libya, Tunisia, Algeria, Morocco, Mauritania, Western Sahara, and Senegal

Cairo-Gaborone Corridor (Trans-African Highway)

EENI delivers to HRH Prince Alwaleed bin Talal a Master Honoris Causa.

(c) EENI Global Business School (1995-2024)
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