The economy of Egypt is a highly centralized economy, focused on import substitution under president Gamal Abdel Nasser (1954–1970). During the rule of president Abdel Fattah el-Sisi (2014–present), the economy follows Egypt's 2030 Vision. The policy is aimed at diversifying Egypt's economy. The country's economy is the second largest in Africa by nominal GDP, and 42nd in worldwide ranking as of 2024.
The Egypt–Israel peace treaty was signed in Washington, D.C., United States, on 26 March 1979, following the 1978 Camp David Accords. The Egypt–Israel treaty was signed by Anwar Sadat, President of Egypt, and Menachem Begin, Prime Minister of Israel, and witnessed by Jimmy Carter, President of the United States.
Sharm El Sheikh, alternatively rendered Sharm el-Sheikh, Sharm el Sheikh, or Sharm El-Sheikh, is an Egyptian city on the southern tip of the Sinai Peninsula, in South Sinai Governorate, on the coastal strip along the Red Sea. Its population is approximately 13,000 as of 2023. Sharm El Sheikh is the administrative hub of Egypt's South Sinai Governorate, which includes the smaller coastal towns of Dahab and Nuweiba as well as the mountainous interior, St. Catherine and Mount Sinai. It was historically a fishing town and military base, and was developed into a commercial and tourist-centric city in 1968 by Israel. Today, the city and holiday resort is a significant centre for tourism in Egypt, while also attracting many international conferences and diplomatic meetings.
Port Said Governorate is a subdivision located at the northeast end of the Nile Delta, on the coast of the Mediterranean Sea at the northern mouth of the Suez Canal. It is wholly urban, comprising the original Port Said city on the west bank of the Suez Canal, and the town of Port Fuad on the eastern bank, which makes it one of the few transcontinental metropolitans in the world, as it spans across two continents (Africa/Asia).
Port Fuad or Port Fouad is a city in Port Said Governorate, Egypt. Port Fuad is located in northeastern Egypt at the northwesternmost tip of the Sinai Peninsula on the Asian side of the Suez Canal, across from the city of Port Said. Port Fuad is considered a suburb of Port Said and together they form a metropolitan area of over one million residents. Along with the likes of Colón, Panama and Istanbul, Turkey (Asia/Europe), it is one of the few transcontinental cities in the world, in that spans it across two continents (Africa/Asia).
Egypt, officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and the Sinai Peninsula in the southwest corner of Asia. It is bordered by the Mediterranean Sea to the north, the Gaza Strip of Palestine and Israel to the northeast, the Red Sea to the east, Sudan to the south, and Libya to the west. The Gulf of Aqaba in the northeast separates Egypt from Jordan and Saudi Arabia. Cairo is the capital and largest city of Egypt, while Alexandria, the second-largest city, is an important industrial and tourist hub at the Mediterranean coast. At approximately 100 million inhabitants, Egypt is the 14th-most populated country in the world, and the third-most populated in Africa.
Egypt–Russia relations are the bilateral relations between Egypt and Russia. Diplomatic relations between the Soviet Union and Egypt were established on August 26, 1943. Egypt has an embassy in Moscow, while Russia has an embassy in Cairo and a consulate-general in Alexandria.
Cyprus–Egypt relations refer to bilateral relations between Cyprus and Egypt. Due to the strong cultural and historical ties between the two nations, Cyprus and Egypt today enjoy friendly, and strategic relations. Modern diplomatic relations between the two countries were established soon after Cyprus gained its independence in 1960, and are regarded as cordial. Cyprus has an embassy in Cairo and Egypt has an embassy in Nicosia.
The Saudi–Egypt Causeway is a proposal to link Egypt and Saudi Arabia with a causeway and bridge.
The Ministry of Investment and International Cooperation is the ministry in charge of economic cooperation and development between the Arab Republic of Egypt and the Arab States, foreign countries, and international and regional organizations. It also aids in economic and social development within Egypt. Its headquarters are located in New Administrative Capital.
Hussein Salem was an Egyptian businessman, co-owner of the East Mediterranean Gas Company (EMG), and ally and advisor to former president Hosni Mubarak. He was also the chairman and CEO of HKS Group, a hospitality company that operates Maritim Jolie Ville Resort in Sharm El Sheikh. He was described as "one of the most secretive businessmen in Egypt", a mogul, and Mubarak's close confidant. He was known as the "Father of Sharm El Sheikh" due to his resort development activities. Per Suisse secrets held accounts at Credit Suisse for years, even after he had been publicly accused of bribery.
Abd el-Fattah el-Sisi is an Egyptian politician and retired military officer who has been serving as the sixth and current president of Egypt since 2014. Before retiring as a general in the Egyptian military in 2014, Sisi served as Egypt's deputy prime minister from 2013 to 2014, minister of defense from 2012 to 2013, and director of military intelligence from 2010 to 2012. He was promoted to the rank of Field Marshal in January 2014.
Presidential elections were held in Egypt between 26 and 28 May 2014. There were only two candidates, former Egyptian defence minister Abdel Fattah el-Sisi and Egyptian Popular Current candidate Hamdeen Sabahi. El-Sisi won the election in a landslide victory, having received 97% of votes.
The Suez Canal Corridor Area Project was a megaproject in Egypt that was launched on 5 August 2014 by President Abdel Fattah el-Sisi and was completed in 2015. The project aimed to increase the role of the Suez Canal region in international trade and to develop the canal cities of Suez, Ismailia, and Port Said.
The following lists events that happened during 2015 in Egypt.
The New Administrative Capital (NAC), is a new urban community in Cairo Governorate, Egypt and a satellite of Cairo City. It is planned to be Egypt's new capital and has been under construction since 2015. It was announced by the then Egyptian housing minister Mostafa Madbouly at the Egypt Economic Development Conference on 13 March 2015. The capital city is considered one of the projects for economic development, and is part of a larger initiative called Egypt Vision 2030.
Ahmed Mahmoud Darwish is an Egyptian politician. He served as the first Chairman of the General Authority of Suez canal Economic Zone from 2015 to 2017. He previously served as Minister of State for Administration Development in the Nazif Cabinet between 2004 and 2011.
Following the Arab Spring, the military tightened its control of the Egyptian economy. Details of the military's role in the economy are unclear given that statistics regarding the economy are absent or known to be wildly inaccurate.
Amr Ahmed Samih Talaat is an Egyptian engineer, academic, and government official serving as the Minister of Communications and Information Technology of Egypt since June 14, 2018. Before his appointment as minister, he had a long career in the private sector, including a tenure at IBM Egypt where he served as Country General Manager. Talaat holds degrees in engineering and business administration and has also been active in academia as an adjunct professor at Cairo University. In his role as minister, he has been instrumental in advancing Egypt's digital infrastructure and implementing the country’s digital transformation strategy.
World Youth Forum is an international NGO founded in 2017, based in Sharm El-Sheikh, Egypt. WYF's mission is to send a message of peace, prosperity, harmony, and progress from the youth to the entire world. The forum was initially sponsored early on and held under the auspices of the president of Egypt, Abdel Fattah el-Sisi, who agreed in November 2017 during a peace marathon, President Abdel Fattah el-Sisi agreed to hold the forum annually.
