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Egypt economy is now one of the strongest and most diversified in the Middle East. Egypt�s new developed culture has created an exciting and stable environment for the foreign investor. Furthermore, Egypt is now one of the perfect bases for any international corporation planning to expand its business in the region.
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The Canadian Chamber of Commerce in Egypt CanCham is playing the role of the guide for doing business in Egypt. It is dedicated for assisting market candidates in running their business smoothly in Egypt.
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Doing Business with Egypt is an essential working tool for everyone with a professional or trade interests that wish to develop in this energetic and expanding market.
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Egypt offers a highly conducive business environment. Over the last quarter century, a major but gradual shift has taken place to promote private industry. One of the country's priorities is to balance economic and business development and growth, with social impact and minimizing undesired effects on low income groups. Egypt believes economic reform can be achieved without compromising the social dimension of progress.
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Egypt is going through a number of positive transformations. The state is being modernized. Efficient public administration methods and sound business management are being introduced and practiced. Economic development is twinned with innovative and effective social development programs designed to meet the unique heritage and socio-economic characteristics of the country.
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The economy is changing at fast paces from central command and control planning to outward looking free market system with the private sector asserting its leadership. Egyptians and foreign entrepreneurs show their confidence in the country by increasing investment in all sectors.
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Egypt is now entering the second phase of the economic reform program. The focus is now on increasing production, productivity and exports; applying new technology, improved health care; creating new employment and reforming the education system
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The Egyptian economy has stagnated for decades, with economic growth barely keeping pace with population increase. At the beginning of the 1990s, an effort was made to institute many needed economic reforms and to privatize many state-owned enterprises. At the beginning of 2005, however, the country appeared to be on the move again � due mainly to a new reformist government that was appointed in the summer of 2004. The economy is now growing at a 4% rate and the new measures have inspired a wave of enthusiasm in the business community.
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Although the reformers have developed considerable momentum, red tape remains a business impediment in Egypt, including a multiplicity of regulations and regulatory agencies, delays in clearing goods through customs, arbitrary decision-making, high market entry transaction costs, and a generally unresponsive commercial court system.
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CIA Website.
http://www.cia.gov/cia/publications/factbook/geos/eg.html
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History.
http://www.historyofnations.net
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State Information Service-Industry.
http://www.sis.gov.eg/En
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Arabinfo - Egypt.
http://www.arab.de/arabinfo/egypt.html
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The Egyptian Web Sites Directory.
http://www.egyptwww.com
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Egypt Web Links: A huge list of links about Egypt compiled.
http://members.aol.com/egyptart/web.html
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EgyptSearch.com: A web directory of Egypt.
http://www.egyptsearch.com
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Egypt WWW Index: Lots of links to interesting sites.
http://ce.eng.usf.edu/pharos
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