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EGYPTBilady, Bilady, Bilady
My Country, My Country, My Country
Source:http://en.wikipedia.org/wiki/File:Egypt.Giza.Sphinx.02.jpg(picture of Sphinx and Pyramids)
Country Report
By: Chris GlennonApril 6, 2014
Global Business
BCOR 306-1E 6:00-7:20
Dr. Gary Mahan
http://en.wikipedia.org/wiki/File:Egypt.Giza.Sphinx.02.jpghttp://en.wikipedia.org/wiki/File:Egypt.Giza.Sphinx.02.jpghttp://en.wikipedia.org/wiki/File:Egypt.Giza.Sphinx.02.jpghttp://en.wikipedia.org/wiki/File:Egypt.Giza.Sphinx.02.jpg8/21/2019 Egypt Research 2014
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Introduction
The purpose of this report is to ease the process of the readers transition into beginning to do
business with either an Egyptian firm or to do business within the Country itself. Egypt is the 15th
most populous country in the world and it has the 38th
largest economy in the globe. This makesEgypt a huge potential market for people and companies who can successfully transact business
in Egypt. The people of Egypt are a very religious and cultural people. This can make doing
business difficult for someone who is not familiar with their culture and religious. This reportshould be used as a guide to help you along your path to business in Egypt.
Table of Contents1. Geography....41.1. Geography..41.2. Location..41.3. Detailed Topography..5
1.4. Climate...51.5. Maps...51.6. Capital City and Other Major Cities..61.7. Land Size....61.8. Coordinates.61.9. Neighboring Countries...6
1.10. Natural Resources..71.11. National Flag..7
2. Political Environment...8
2.1. Political System..82.2. Current Ruling Party..82.3. Egypts Interim President...82.4. Egypts Interim Prime Minister..92.5. Egypts Freedom Ranking..92.6. Egypts Civil Liberties...92.7. Egypts Political Rights..93. Legal Environment.103.1. Legal System103.2. IP Rights...10
3.3. Paris Convention for the Protection of Industrial Property..113.4. United Nations Convention on Contracts for the International Sale of Goods
(CISG):11
3.5. WTO TRIPS Agreement..113.6. Transparency International...11
4. Economic System.12
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4.1. Economic System.124.2. Wall Street Journal/ Heritage Ranking.124.3. Implications of Ranking...135. Economic Development.135.1. Classification by World Bank..135.2. Economic Data.13
5.2.1.Gross Domestic Product (GDP)..135.2.2.GDP Per Capita...145.2.3.Current Annual Percentage Rate of Real Growth of Real GDP.145.2.4.Average Annual Rate of Real GDP Growth Over Part 20 years145.2.5.Forecast of Future GDP Growth Rate.145.2.6.Personal Income per Capita145.2.7.Personal Income Per Household.145.2.8.Distribution of Income14
5.2.9.Unemployment Rate145.2.10.Current and Past Inflation rates.145.2.11.Interest Rates.145.2.12.Population.145.2.13.Population Growth Rate145.2.14.Future Annual Population Growth Rate Estimate.155.2.15.Age Distribution of Population.155.2.16.Percent of GDP Spent on Education.165.2.17.Literacy Rate.165.2.18.Education Level Average..165.2.19.Life Expectancy at Birth...165.2.20.Ranking on UNs Human Development Index.....16
5.3. Infrastructure....165.3.1.Highways.165.3.2.Waterways...175.3.3.Railroads.175.3.4.Air Transportation...185.3.5.Communication...18
6. Culture19
6.1. Brief History of Egypt Since World War 2..196.2. 5 Historically Significant Events..196.3. Official Language.206.4. Percent of Population That Speaks English.206.5. Useful Phrases Translated into Arabic.206.6. Website for Translation to Arabic206.7. Arabic Dictionaries..20
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6.8. Translation of Document..206.9. Ethnicities in Egypt..21
6.10. Dominate Religion in Egypt.216.11. Egyptian Food..216.12. Egyptian Holidays226.13. Souvenirs of Egypt...226.14. Tipping Practices..236.15. Differences in Business Customs.246.16. Recommended Business Dress.246.17. Time Flexibility in Egypt.246.18. Work Versus Family246.19. Gift Giving Practices256.20. Gestures to Avoid.25
7. Practical Information Useful for a Business Trip...26
7.1. Travel Documents Require to Enter Egypt..267.2. Current State Department Travel Warnings.267.3. Medical Advice267.4. Crime Level..277.5. Other Useful Information Regarding Travel27
7.5.1.Information on US Embassy Cairo.277.5.2.Medical Emergency Contact Number.27
7.6. Time Difference...277.7. Future Flight from Erie, PA to Cairo, Egypt277.8. Current Weather for Next 10 Days in Cairo297.9. Procedure for Making a Phone Call to Egypt from the US and Vice Versa30
7.10. Acceptability of Credit Cards in Egypt307.11. Cost of Travel in Egypt30
8. Trade and Investment.318.1. Trade.31
8.1.1.10 Leading Categories of Export (US Dollars)...318.1.2.10 Leading Categories of Import (US Dollars)...318.1.3.10 Leading Export Countries (US Dollars).318.1.4.10 Leading Import Countries (US Dollars).32
8.2. Investment328.2.1.FDI Inflow 2012..328.2.2.FDI Outflow 2012...328.2.3.Total Stock of FDI Inflow...328.2.4.Total Stock of FDI Outflow32
8.3. Competitiveness...32
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8.3.1.International Institute of Management Developments WorldCompetitiveness Yearbook Ranking32
8.3.2.World Economic Forum Ranking.......32 8.4. Doing Business Survey328.5. Government Foreign Trade and Investment Policies...33
8.5.1.Tariff Rate.......33 8.6. Key Industries/Sectors..338.7. Economic Integration...339. Foreign Exchange...349.1. Current Currency Name and Symbol...349.2. Egyptian Coins.349.3. Egyptian Pound Notes..349.4. Current Spot FX Rates.369.5. $50,000 converted to EGP...36
9.6. Forward Exchange Rates..369.7. Direction of Change is FX Rate with USD..3610.Current Events and Analysis..37
10.1. Current Event #1..3710.2. Current Event #2..3710.3. Current Event #3..38
11.Other Information3911.1. List of Notable Companies Based in Egypt.3911.2. Pictures of Egypt..41
Reference List.46
Appendix A50
Appendix B.52
Appendix C.53
1. Geography1.1. Country name- Egypt
Full name- The Arab Republic of Egypt
Local country name- MisrLocal Full country name- Jumhuriyat Misr al-ArabiyahPrevious Names- United Arab Republic
1.2. Location:Egypt is located in the Northeastern part of Africa. Egypt is bordered by Sudan to thesouth, Libya to the west, Israel, the Gaza Strip and the Red Sea to the East and it has one
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large sea border with the Mediterranean Sea to the north. Egypt also is in control of twokey locations, the Suez Canal and the Sinai Peninsula.
1.3. Detailed Topography:Egypt is largely a desert plateau. A very sizable portion of Egypt is non farmable and
infertile desert sand. The highest point in Egypt is Mount Catherine, which reaches 2629meters or 8625 ft. above sea level. The lowest point is the Qattara Depression which islocated 133 meters or 436 ft. below sea level.Egypt is geographically broken up into four parts, the Nile Valley and Delta region, TheWestern Desert, the Eastern Desert and The Sinai Peninsula. The Nile Valley is the mostimportant of these regions. The Nile Valley is the most extensive oasis on all of earthwhich is made possible by the worlds longest river. If it wasnt for the Nile River Egyptwould be comprised of 100% desert. The western desert accounts for 2/3rds of Egyptstotal land area. Besides its northern coast is nothing but a desert. The eastern desert is amuch smaller area of Egypt that is mostly a mountainous region. The Sinai Peninsula isalso a largely mountainous region of Egypt, it lays hold to Egypts largest mountain.
This area is important due to the fact that it is Africas only land bridge to the rest of theglobe.
1.4. Climate:Egypt is classified as having a hot desert climate. They are known to only have twoseasons, summer and winter. Their summers are very hot and dry while the winters aretypically a more mild temperature. Since Egypt is largely a flat and desert area theirnights typically see a substantial drop in temperature compared to their days. The mostpleasant region of Egypt climate wise is the northern coast where temperatures areusually slightly cooler. During the hottest months Egypt usually has an averagetemperature of 81 degrees Fahrenheit and an average precipitation of 0 per month. In thewinter the average temperature drops to roughly 58 degrees with and averageprecipitation of 5 inches per month.
1.5. Maps:1.5.1. Map of Egypt wit points of interest
http://www.lonelyplanet.com/maps/africa/egypt/
http://www.lonelyplanet.com/maps/africa/egypt/http://www.lonelyplanet.com/maps/africa/egypt/http://www.lonelyplanet.com/maps/africa/egypt/8/21/2019 Egypt Research 2014
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1.5.2. Map of Egypt relative to the Globe
http://www.mapsnworld.com/egypt/where-is-egypt.html
1.6. Capital City and other major cities:Cairo isboth Egypts largest city and its capital City. With a 2011 population of 11.169million residents or 12.85% of Egypts 86,895,099 residents. Cairo is also the largestcity in all of both Africa and the Middle East. Founded back in CE 969 it is locateddirectly on the Nile River. This makes it a huge trading hub for not only Egypt but for alarge amount of Africa. Alexandria is Egypts second largest city with a population of
4.378 million people. Alexandria is located right on the coast of the Mediterranean Sea,because of this it is Egypts largest seaport. Approximately 80% of Egypts exports andimports go through Alexandria. Giza is Egypts 3rdlargest city. Giza is significant due tothe fact that is the location of two of Egypts largest tourist attractions, the Pyramids ofGiza and the Sphinx.
1.7. Land Size:Egypt has a total land mass area of 1,001,450 sq. km or 386,662 sq. miles. This makesEgypt the 30thlargest country on the planet. Comparatively this makes Egypt about halfas big as Alaska. Only .5% of Egypt is water.
1.8. Coordinates:27 00 N, 30 00 E
1.9. Neighboring counties:Egypt has 4 counties in which it shares a border with. It shares an 11km (6.8 mile)border with the Gaze Strip. It shares a 266 km (165 m) border with Israel. Egypt has a1,115 km (695 m) border with Libya and finally there is a border with Sudan of 1,273km (791 m). In total Egypt has 2,665 km (1655 m) of borders with other nations.
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1.10. Natural Resources:Egypts national resources mostly consist of petroleum, natural gas, iron ore,phosphates,manganese, limestone, gypsum, talc, asbestos, lead, zinc and other rare earth elements.
1.11. National Flag:Egypts flag consists of a tricolor of red, white and black with an image Egypts coat ofarms in the center. This flag was adopted in 1984 with the revolution of 1952 in mind.The red stands for the period before the revolution, a time of struggle. The white bandsymbolizes the bloodless nature of the revolution. The black band symbolizes the end ofthe oppression. The Coat of arms is an image used to represent the Eagle of Saladin.
http://en.wikipedia.org/wiki/File:Flag_of_Egypt.svg
Sources for Geography section
https://www.cia.gov/library/publications/the-world-factbook/geos/eg.html
http://www.britannica.com/EBchecked/topic/615447/United-Arab-Republic-UAR
http://geography.about.com/library/cia/blcegypt.htm
http://www.sis.gov.eg/En/Templates/Articles/tmpArticles.aspx?CatID=14#.U0HpX_ldXOU
http://geography.about.com/od/egyptmaps/a/egypt-geography.htm
http://en.wikipedia.org/wiki/Geography_of_Egypt
http://www.fao.org/ag/AGP/AGPC/doc/Counprof/Egypt/Egypt.html#soils
http://www.mapsnworld.com/egypt/where-is-egypt.html
http://www.infoplease.com/atlas/country/egypt.html
http://en.wikipedia.org/wiki/List_of_cities_in_Egypt
http://en.wikipedia.org/wiki/File:Flag_of_Egypt.svghttp://en.wikipedia.org/wiki/File:Flag_of_Egypt.svghttps://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttps://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttp://www.britannica.com/EBchecked/topic/615447/United-Arab-Republic-UARhttp://www.britannica.com/EBchecked/topic/615447/United-Arab-Republic-UARhttp://geography.about.com/library/cia/blcegypt.htmhttp://geography.about.com/library/cia/blcegypt.htmhttp://www.sis.gov.eg/En/Templates/Articles/tmpArticles.aspx?CatID=14#.U0HpX_ldXOUhttp://www.sis.gov.eg/En/Templates/Articles/tmpArticles.aspx?CatID=14#.U0HpX_ldXOUhttp://geography.about.com/od/egyptmaps/a/egypt-geography.htmhttp://geography.about.com/od/egyptmaps/a/egypt-geography.htmhttp://en.wikipedia.org/wiki/Geography_of_Egypthttp:/www.fao.org/ag/AGP/AGPC/doc/Counprof/Egypt/Egypt.html#soilshttp://en.wikipedia.org/wiki/Geography_of_Egypthttp:/www.fao.org/ag/AGP/AGPC/doc/Counprof/Egypt/Egypt.html#soilshttp://en.wikipedia.org/wiki/Geography_of_Egypthttp:/www.fao.org/ag/AGP/AGPC/doc/Counprof/Egypt/Egypt.html#soilshttp://www.mapsnworld.com/egypt/where-is-egypt.htmlhttp://www.mapsnworld.com/egypt/where-is-egypt.htmlhttp://www.infoplease.com/atlas/country/egypt.htmlhttp://www.infoplease.com/atlas/country/egypt.htmlhttp://en.wikipedia.org/wiki/List_of_cities_in_Egypthttp://en.wikipedia.org/wiki/List_of_cities_in_Egypthttp://www.infoplease.com/atlas/country/egypt.htmlhttp://www.mapsnworld.com/egypt/where-is-egypt.htmlhttp://en.wikipedia.org/wiki/Geography_of_Egypthttp:/www.fao.org/ag/AGP/AGPC/doc/Counprof/Egypt/Egypt.html#soilshttp://en.wikipedia.org/wiki/Geography_of_Egypthttp:/www.fao.org/ag/AGP/AGPC/doc/Counprof/Egypt/Egypt.html#soilshttp://geography.about.com/od/egyptmaps/a/egypt-geography.htmhttp://www.sis.gov.eg/En/Templates/Articles/tmpArticles.aspx?CatID=14#.U0HpX_ldXOUhttp://geography.about.com/library/cia/blcegypt.htmhttp://www.britannica.com/EBchecked/topic/615447/United-Arab-Republic-UARhttps://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttp://en.wikipedia.org/wiki/File:Flag_of_Egypt.svg8/21/2019 Egypt Research 2014
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2.Political Environment
2.1. Political System:
Egypt gained its independence from Great Britain in 1922. They used a parliamentary
system until 1952 when Egypt had its first revolution. This Revolution brought in the
system of Republicanism which is still in use today in Egypt. They use a similar systemto America with a President and a Legislative Branch. The Legislative does not hold the
same level of power as the President in Egypt. All positions are elected positions. The
President is the main leader, he has the most control and can make the most decisions.
The Legislative branch consists of a parliament that has 40 main ministers and numerous
smaller positions such as ministers of state or chairmen of departments. Out of the 40
ministers one is elected to the position of Prime Minister where they hold of position of
Head of the Egyptian Government. While the Prime Minister is head of government the
President is Head of Egypt which gives him more control.
2.2. Current Ruling Party:Egypt currently has no ruling party. As of this moment Egypt has no official elected
Government Officials. In 2011 there was another Egyptian Revolution. This revolution
forced the resignation of then President Hosni Mubarak. During the time the Parliament
was dissolved and the Constitution was suspended. An election was held in 2012 that
placed Mohamed Morsi into office. After another round of Protest in 2013 Morsi was
ousted from the Presidency. After the second outing in 3 years there was a need for a
change. Positions such as the Presidency, Prime minister and the cabinet were filled
temporarily until a new constitution could be formed and new elections could be held.
2.3. Egypts interim President:Egypts Current interim President is Adly Mansour. Born in 1945, Mansour was an
Egyptian judge who was previously he Head of the Supreme Constitutional Court
(SCC). In 2013 when Egypts previous president was ousted, Mansour was put into the
position due to his position on the SCC. Mansour will only hold this position until
elections can be held under Egypts new constitution. These elections are planned to take
place in Mid-May of 2014. After then Mansour will return to his position as head of the
SCC. Mansour currently has no affiliation was any political parties.
(Adly Mansour)
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2.4. EgyptsInterim Prime Minister:
Egypts current Prime Minister is Ibrahim Mahlab. Mahlab is in the same situation as
Egypts president. Born in 1945, Mahlab was the Housing Minister of Egypt until he
was put in the position as interim Prime Minister on March 1, 2014. He will hold this
position until there is an election for Parliament for all of its members including the
Prime Minister. Mahlab is a member of the National Democratic Party until it wasdissolved in 2011 during Egypts second revolution.
(Ibrahim Mahlab)
2.5. Egypts Freedom rating:
Freedom House gave Egypt a 5.5/7 on its freedom rating up to this point in 2014. On this
scale it goes from 1 (the best) to 7 (the worst). The score of 5.5 puts Egypt in the not free
category. In 2013 Egypt was rated as somewhat free but that score dropped due to theoverthrow of President Mohamed Morsi. There were violent crackdowns on Islamist
political groups and civil society. This lead to an increase in military presence
throughout the political processes.
2.6. Egypts Civil Liberties:
On a scale of 1-7 where 1 is the best and 7 is the worst Egypt scored a 5. Compared to
last year this score did not change as Egypt scored a 5 in 2013 as well. A score of 5 says
that on civil liberties Egypt is somewhat free.
2.7. Egypts Political Rights:
On a scale of 1-7 where 1 is the best and 7 is the worst Egypt scored a 7. Compared to
their 2013 score Egypt went down on their rating. Last year Egypt scored a 5 on their
political rights score. This puts Egypt in the not free category for political rights.
Sources for Political Environment
https://www.cia.gov/library/publications/the-world-factbook/geos/eg.html
https://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttps://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttps://www.cia.gov/library/publications/the-world-factbook/geos/eg.html8/21/2019 Egypt Research 2014
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http://en.wikipedia.org/wiki/Politics_of_Egypt
http://www.sis.gov.eg/En/Templates/Articles/tmpArticles.aspx?ArtID=68809#.U0V5MfldWT8
https://www.google.com/search?q=adly+mansour&espv=2&es_sm=93&source=lnms&tbm=isch&sa=X&
ei=MXtFU53IGc722QX-jYHYCg&ved=0CAgQ_AUoAQ&biw=784&bih=704(shortened to
http://goo.gl/SWcJ8Cabove)
http://www.bbc.com/news/world-middle-east-26343044
http://icic.bradley.edu/speakers/index.shtml
http://freedomhouse.org/sites/default/files/FIW%202014%20Scores%20-
%20Countries%20and%20Territories.pdf
http://freedomhouse.org/report/freedom-world/2014/egypt-0#.U0WElPldWT8
3.Legal Environment3.1. Legal System:
Egypts courts follow civil law. Their inspiration for their structure comes from French
civil law. This form of law has been in effect since it was written in 1949. Its formal
name is the Egyptian Civil Code. The code follows the French civil law model due to the
fact that its writer received council from the dean of the French law school, the
University of Lille. The code mostly focuses on the regulation of business and
commerce. A key part of the code is written in with the first article of the code. It states
that when no applicable legislation is written for any type of dispute the judge has
precedence to make a decision based off of customs or Islamic law. The Judicial system
in Egypt follows a three-tiered system, there is the Courts of the first degree, courts ofappeal, and the court of Cassation. The courts of the first degree take care of
misdemeanors and civil disputes. The courts of Appeal serve as courts of first instance
for capital crimes. The court of Cassation is Egypts main court which is located in the
capital. It has both a criminal and civil section. The court says its main objective is to
provide a comprehensive and uniform interpretation of the law.
3.2. IP Rights:
Egypt joined into the World intellectual property organization (WIPO) in 1975. Egypts
first form of IP protection came in the form on theLaw 354 of 1954. The most current
form of IP protection is the Law on theProtection of Intellectual Property Rights 82 of2002 which was put into force on June 3rd, 2002. This Law covered terms of copyright,
patents and trademarks. Copyright law in Egypt covers works of literature for 50 years
after the authors death. For works of photography and audiovisual works there is
coverage for 15 years after publication. Patents in Egypt are covered for 15 years starting
from the date of filing for the patent. Egypt also offers a potential for an expansion to a
20 year patent if the invention is of particular importance. Trademarks in Egypt are
granted to a person who can show that they have made use of it for a period of 5 years or
http://en.wikipedia.org/wiki/Politics_of_Egypthttp://en.wikipedia.org/wiki/Politics_of_Egypthttp://www.sis.gov.eg/En/Templates/Articles/tmpArticles.aspx?ArtID=68809#.U0V5MfldWT8http://www.sis.gov.eg/En/Templates/Articles/tmpArticles.aspx?ArtID=68809#.U0V5MfldWT8https://www.google.com/search?q=adly+mansour&espv=2&es_sm=93&source=lnms&tbm=isch&sa=X&ei=MXtFU53IGc722QX-jYHYCg&ved=0CAgQ_AUoAQ&biw=784&bih=704https://www.google.com/search?q=adly+mansour&espv=2&es_sm=93&source=lnms&tbm=isch&sa=X&ei=MXtFU53IGc722QX-jYHYCg&ved=0CAgQ_AUoAQ&biw=784&bih=704https://www.google.com/search?q=adly+mansour&espv=2&es_sm=93&source=lnms&tbm=isch&sa=X&ei=MXtFU53IGc722QX-jYHYCg&ved=0CAgQ_AUoAQ&biw=784&bih=704http://goo.gl/SWcJ8Chttp://goo.gl/SWcJ8Chttp://www.bbc.com/news/world-middle-east-26343044http://www.bbc.com/news/world-middle-east-26343044http://icic.bradley.edu/speakers/index.shtmlhttp://icic.bradley.edu/speakers/index.shtmlhttp://freedomhouse.org/sites/default/files/FIW%202014%20Scores%20-%20Countries%20and%20Territories.pdfhttp://freedomhouse.org/sites/default/files/FIW%202014%20Scores%20-%20Countries%20and%20Territories.pdfhttp://freedomhouse.org/sites/default/files/FIW%202014%20Scores%20-%20Countries%20and%20Territories.pdfhttp://freedomhouse.org/report/freedom-world/2014/egypt-0#.U0WElPldWT8http://freedomhouse.org/report/freedom-world/2014/egypt-0#.U0WElPldWT8http://freedomhouse.org/report/freedom-world/2014/egypt-0#.U0WElPldWT8http://freedomhouse.org/sites/default/files/FIW%202014%20Scores%20-%20Countries%20and%20Territories.pdfhttp://freedomhouse.org/sites/default/files/FIW%202014%20Scores%20-%20Countries%20and%20Territories.pdfhttp://icic.bradley.edu/speakers/index.shtmlhttp://www.bbc.com/news/world-middle-east-26343044http://goo.gl/SWcJ8Chttps://www.google.com/search?q=adly+mansour&espv=2&es_sm=93&source=lnms&tbm=isch&sa=X&ei=MXtFU53IGc722QX-jYHYCg&ved=0CAgQ_AUoAQ&biw=784&bih=704https://www.google.com/search?q=adly+mansour&espv=2&es_sm=93&source=lnms&tbm=isch&sa=X&ei=MXtFU53IGc722QX-jYHYCg&ved=0CAgQ_AUoAQ&biw=784&bih=704http://www.sis.gov.eg/En/Templates/Articles/tmpArticles.aspx?ArtID=68809#.U0V5MfldWT8http://en.wikipedia.org/wiki/Politics_of_Egypt8/21/2019 Egypt Research 2014
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more. The requested trademark must be recognizable by sight and there must be no
challenges from any type of third party on the use of the trademark. If there is a
challenge as to who owns the mark the courts shall decide who the rightful owner of the
mark is.
3.3. Paris Convention for the Protection of Industrial Property:The Paris convention was one of the first intellectual property rights treaties to come into
existence. It was first signed on March 20th, 1883. Egypt became a member with their
signing in 1951. There are numerous benefits of joining this global intellectual property
treaty. The biggest advantage is that if your home country is a member of the treaty, than
any resident of said country will receive protection of their industrial property rights in
any other country of the union. Basically what this means is that if you are granted a
patent or any other type of IP claim, they you are also protected in any one of the 175
other counties who are members. Another benefit of this treaty is that one can file a
patent in a visited country and it shall be sent to your home country for approval there.
The filing date will still occur on the original date but it still allows for earlierapplications for a patent or other IP.
3.4. United Nations Convention on Contracts for the International Sale of Goods
(CISG):
Egypt is a full member of CISG. Egypt signed into the agreement on January 1, 1988.
This agreement puts a standard set of rules that the signing party has to agree upon.
These rules are set to regulate contracts between buyers and sellers and their contractual
agreements set between them.
3.5. WTO Trips Agreement:
Egypt signed into the WTO on June 30th, 2013. The Trips agreement covered copyright,
trademarks and patents of all kinds. The goal of this agreement was to set standards for
IP protection to all signed members. There were 3 main features of the TRIPS
agreement. The first was to set standards that clearly defined minimum standards of
protection for all members. The agreement also clearly showed the expectations for
enforcement of these standards. The last aspect of the agreement was over Dispute
settlement.
3.6. Transparency International:
Transparency International is a Berlin based company that does research to measure the
levels of corruption in counties across the globe. The main measurement is the
Corruption Perceptions Index. This measurement ranks counties based on how corrupt a
countries public sector is perceived to be. Their information is compiled from expert and
business surveys taken from reputable institutions. The scale goes from 0 (highly
corrupt) to 100 (very clean). Egypt scored a 32/100 which labels the country as slightly
corrupt. This score puts Egypt ranked global as the 114thmost corrupt country for the
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year 2013. Transparency International also rates countries on how much their country
pays bribes. For Egypt there was no listed data under this category.
Sources for Legal Environment
http://www.earla.org/resources.php?id=98
http://en.wikipedia.org/wiki/Egyptian_Civil_Code
http://en.wikipedia.org/wiki/Judiciary_of_Egypt
http://www.wipo.int/export/sites/www/standards/en/pdf/archives/03-09-02arc2008.pdf
http://www.wipo.int/treaties/en/text.jsp?file_id=288514
http://www.cisg.law.pace.edu/cisg/countries/cntries.html
http://www.cisg.law.pace.edu/cisg/text/treaty.html
http://www.wto.org/english/tratop_e/trips_e/intel2_e.htm
http://www.transparency.org/country#EGY_DataResearch_SurveysIndices
4.Economic System
4.1. Economic System:Egypts economy is classified as a capitalistic economy. Egypts economy has become
more open over time due to changes in power. Their economy as a whole has been going
downhill. In the past there has been aggressive intervention from the government in the
economy but after the revolution in 2011 that has slowed considerably.
4.2. Wall Street Journal/ Heritage ranking:
The Heritage Index of Economic Freedom ranks countries on 10 different factors to
determine their level of economic freedom. All 10 of the factors can be seen in the
picture below.
http://www.heritage.org/index/country/egypt
http://www.earla.org/resources.php?id=98http://www.earla.org/resources.php?id=98http://en.wikipedia.org/wiki/Egyptian_Civil_Codehttp://en.wikipedia.org/wiki/Egyptian_Civil_Codehttp://en.wikipedia.org/wiki/Judiciary_of_Egypthttp://en.wikipedia.org/wiki/Judiciary_of_Egypthttp://www.wipo.int/export/sites/www/standards/en/pdf/archives/03-09-02arc2008.pdfhttp://www.wipo.int/export/sites/www/standards/en/pdf/archives/03-09-02arc2008.pdfhttp://www.wipo.int/treaties/en/text.jsp?file_id=288514http://www.wipo.int/treaties/en/text.jsp?file_id=288514http://www.cisg.law.pace.edu/cisg/countries/cntries.htmlhttp://www.cisg.law.pace.edu/cisg/countries/cntries.htmlhttp://www.cisg.law.pace.edu/cisg/text/treaty.htmlhttp://www.cisg.law.pace.edu/cisg/text/treaty.htmlhttp://www.wto.org/english/tratop_e/trips_e/intel2_e.htmhttp://www.wto.org/english/tratop_e/trips_e/intel2_e.htmhttp://www.transparency.org/country#EGY_DataResearch_SurveysIndiceshttp://www.transparency.org/country#EGY_DataResearch_SurveysIndiceshttp://www.heritage.org/index/country/egypthttp://www.heritage.org/index/country/egypthttp://www.heritage.org/index/country/egypthttp://www.transparency.org/country#EGY_DataResearch_SurveysIndiceshttp://www.wto.org/english/tratop_e/trips_e/intel2_e.htmhttp://www.cisg.law.pace.edu/cisg/text/treaty.htmlhttp://www.cisg.law.pace.edu/cisg/countries/cntries.htmlhttp://www.wipo.int/treaties/en/text.jsp?file_id=288514http://www.wipo.int/export/sites/www/standards/en/pdf/archives/03-09-02arc2008.pdfhttp://en.wikipedia.org/wiki/Judiciary_of_Egypthttp://en.wikipedia.org/wiki/Egyptian_Civil_Codehttp://www.earla.org/resources.php?id=988/21/2019 Egypt Research 2014
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Egypts overall score came out to 52.9 out of 100. On this scale 0 is the least free
economy and 100 is the most free economy. This score puts Egypt at number 135 out of
178 ranked countries for the year 2014. This ranks Egypt as mostly unfree. As a whole
Egypts ranking went down 1.9 points from last year and it had a decrease in 5 out of 10
of the rankings listed. Over the past 5 years Egypts ranking has steadily been going
down.
http://www.heritage.org/index/country/egypt
4.3. Implications of the Ranking:Egypts high ranking is largy due to their economy stalling in recent years. The area that
has seen the biggest fall is in the rule of law. This stems from Egypts revolution in 2011
and the constantly changing and unstable government they have had over the past couple
of years. There has been attempted government reform in the economy but it has been
inconsistant at best. Reform has been uneven and it is what has sent Egypt on the decline
over the past few years. Large parts of Egypts population have been trapped in poverty
because of this stalling in Egypts econonomy. That combined with an unemployment
rate of 12.3% has strongly hurt Egypts economy on the whole.
Sources for Economic System
https://www.cia.gov/library/publications/the-world-factbook/geos/eg.html
http://www.heritage.org/index/country/egypt
5.Economic Development
5.1. Classification by World Bank:
As of 2012 Egypt was national average income level was listed at $2,980. This level putsEgypt at the rank of lower middle income. Egypt is also listed as a developing country.
This amount was found by finding the GNI per capita for the residents of Egypt.
5.2. Economic Data (Estimations as of 2013):
5.2.1. Gross Domestic Product (GDP)- $262 Billion
http://www.heritage.org/index/country/egypthttp://www.heritage.org/index/country/egypthttps://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttps://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttp://www.heritage.org/index/country/egypthttp://www.heritage.org/index/country/egypthttp://www.heritage.org/index/country/egypthttps://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttp://www.heritage.org/index/country/egypt8/21/2019 Egypt Research 2014
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5.2.2. GDP Per Capita- $6,600
5.2.3. Current Annual Percentage Rate of Real Growth of Real GDP- 1.8%
5.2.4. Average Annual Rate of Real GDP Growth Over Past 20 Years- 3.8% (1993-
2013)
5.2.5. Forcast of Future GDP Growth Rate-2.3% (2014) 4.1% (2015)
5.2.6. Personal Income per Capita-$3,000
5.2.7. Personal Income Per Household- Not Found
5.2.8. Distribution of Income-Lowest 20% hold 9.2% of income, fourth 20% hold
21%, third 20% hold 16.4%, second 20% hold 13% and the highest 20% hold 40.3%
of the income.
5.2.9. Unemployment Rate-13.4%
5.2.10.Current and Past Imflation Rates-9% (current) 7.1% (2012)
5.2.11.Interest Rates-Current rate 8.25%
5.2.12.Population-86,895,099
5.2.13.Population Growth Rate- current rate is roughly 1.7% annually, rate of growth
over past years can be seen in chart below.
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5.2.14.Future Annual population Growth Rate Estimate-
5.2.15.Age Distribution of Population-
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5.2.16.Percent of GDP Spent on Education- 3.8% (2008)
5.2.17.Literacy Rate-73.9%
5.2.18.Education Level Average-13 years
5.2.19.Life Expectancy at Birth-73.45 years (total population, 70.82 years (male), 76.2
years (female)
5.2.20.Ranking on UNs Human Development Index:
The Human Development Index is a listed measurement taken by the UN ranking
countries on how well developed they are on 11 different factors. These factors are
the countries levels of health, education, income, inequality, poverty, gender,
sustainability, demography, composite indices, innovation and technology, and
lastly trade and the economy. Egypt comes in ranked as the 112 most developed
country. The score Egypt received was .662. That score is based out of 0-1 where 1is the best score one can receive.
http://hdr.undp.org/en/countries/profiles/EGY
5.3. Infrastructure:5.3.1.1.Highways:
Most Transportation throughout Egypt is centered in Cairo. Roadways of
Egypt cover roughly 21,000 miles of land, Egypt is well known for providingvery minimal maintenance on these networks of roadways. Egypt has one of
the highest incidence of road fatalities per miles driven in the world. Roads in
Egypt often have very few road markings and very few traffic lights work
properly. There is not a strong enough police presence on the roads to enforce
any type of traffic laws which leads to chaos on the roads of Egypt. Inner city
roads are generally kept in better condition that the inter-city roads. Egypt only
has 2 highways systems, one is the Trans-African Highway Network and the
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other is the Arab Mashreq International Road Network. The Trans-African
Highway has two routes that flow through Egypt and can take you all over the
continent of Africa. The Arab Mashreq Road Network allows for direct road
travel from Egypt to highway links to parts of Asia.
5.3.1.2. Waterways:Waterways are the key form of transportation throughout Egypt. The most
popular form of transportation up and down Egypts terrain is to travel by boat.
There are 3,500 km (2174 miles) of waterways used for transportation and
travel, the biggest of which is the Nile River. Other bodies used include Lake
Nasser, Alexandria-Cairo Waterway, the numerous canals in the Nile Delta
and the Suez Canal. The Nile River is the most commonly used route for inter-
country trade. The Suez Canal is a key point due to it being the only
connecting between the Red Sea and the Mediterranean Sea. Egypt has up to
10 key marine ports that are all located in various parts of the country.
5.3.1.3. Railroads:
Travel by train is widely considered the safest means of travel between cities
across Egypt. Throughout Egypt there is a total of 5,083 km (2158 miles) of
railways that span across most of Egypt, especially up and down the Nile River
and across the Nile Delta. The Railway system in Egypt is by far the second
oldest railway in the world. It has been around since the first line out of
Alexandria was opened in 1854. The name of the national railway company is
the Egyptian National Railways. On a yearly average the system carries about
800 million passengers and 12 million tons of freight. In recent years the
railway has started to deteriorate, because of this Egypt started a campaign to
overhaul the railway system and modernize it. They wish to raise the safety
standards of the trains and to just generally improve the travel across the
country.
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5.3.1.4.Air Transportation:
Air Travel has grown significantly in the past 20 years in Egypt. As of now
Egypt has a total of 83 airports across their country, with only 11 of them
being unpaved runways. Along with that Egypt also has 7 heliports which areavailable for use. Of the 83 airports only 9 of them are international airports.
The biggest of Egypts airports is Cairo International Airport in Cairo. This
airport is the second largest airport in Africa servicing up to 13 million
passengers a year. There are 3 terminals currently with another one in
construction. A few of the other major airports include, Hurghada International
Airport in Hurghada, Egypt, and Sharm El-Sheikh International Airport in
Sharm El-Sheikh, Egpyt.
5.3.1.5. Communications:
In the last 20 years Egypt has substantially increased their level ofcommunication throughout the country. Even though they are not fully up to
date on technology compared to fully developed countries they are ahead of
less developed countries. Egypt has 8.5 million land lines in use and 96.8
million cell phones in use as of 2012. For the domestic market Egypt has the
largest fixed-line system in the region; as of 2011 there were multiple mobile-
cellular networks with a total of roughly 83 million subscribers. On the
international side of things Egypts international code is 20. Broadcast media
has a mix of state-run and private broadcast media. There are 2 national and 6
regional networks as well as a decent amount of satellite channels. As for radio
Egypt has roughly 70 stations which belong to 8 networks and 2 privately
owned radio stations. As for internet use there are an estimated 20.1 million
users throughout Egypt.
Sourcesfor Economic Development
http://data.worldbank.org/country/egypt-arab-republic#cp_wdi
http://www.tradingeconomics.com/egypt/gdp-growth-annual
https://www.cia.gov/library/publications/the-world-factbook/geos/eg.html
http://web.worldbank.org/WBSITE/EXTERNAL/PROJECTS/EXTPOLICIES/EXTOPMANUAL/0,,contentMDK:22634969~menuPK:64701637~pagePK:64709096~piPK:64709108~theSitePK:502184,00.html
http://www.tradingeconomics.com/egypt/income-share-held-by-lowest-20percent-wb-data.html
http://www.tradingeconomics.com/egypt/interest-rate
http://bittooth.blogspot.com/2013/07/ogpss-of-egyptian-bread-and-oil.html
http://data.worldbank.org/country/egypt-arab-republic#cp_wdihttp://data.worldbank.org/country/egypt-arab-republic#cp_wdihttp://www.tradingeconomics.com/egypt/gdp-growth-annualhttp://www.tradingeconomics.com/egypt/gdp-growth-annualhttps://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttps://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttp://web.worldbank.org/WBSITE/EXTERNAL/PROJECTS/EXTPOLICIES/EXTOPMANUAL/0,,contentMDK:22634969~menuPK:64701637~pagePK:64709096~piPK:64709108~theSitePK:502184,00.htmlhttp://web.worldbank.org/WBSITE/EXTERNAL/PROJECTS/EXTPOLICIES/EXTOPMANUAL/0,,contentMDK:22634969~menuPK:64701637~pagePK:64709096~piPK:64709108~theSitePK:502184,00.htmlhttp://web.worldbank.org/WBSITE/EXTERNAL/PROJECTS/EXTPOLICIES/EXTOPMANUAL/0,,contentMDK:22634969~menuPK:64701637~pagePK:64709096~piPK:64709108~theSitePK:502184,00.htmlhttp://www.tradingeconomics.com/egypt/income-share-held-by-lowest-20percent-wb-data.htmlhttp://www.tradingeconomics.com/egypt/income-share-held-by-lowest-20percent-wb-data.htmlhttp://www.tradingeconomics.com/egypt/interest-ratehttp://www.tradingeconomics.com/egypt/interest-ratehttp://bittooth.blogspot.com/2013/07/ogpss-of-egyptian-bread-and-oil.htmlhttp://bittooth.blogspot.com/2013/07/ogpss-of-egyptian-bread-and-oil.htmlhttp://bittooth.blogspot.com/2013/07/ogpss-of-egyptian-bread-and-oil.htmlhttp://www.tradingeconomics.com/egypt/interest-ratehttp://www.tradingeconomics.com/egypt/income-share-held-by-lowest-20percent-wb-data.htmlhttp://web.worldbank.org/WBSITE/EXTERNAL/PROJECTS/EXTPOLICIES/EXTOPMANUAL/0,,contentMDK:22634969~menuPK:64701637~pagePK:64709096~piPK:64709108~theSitePK:502184,00.htmlhttp://web.worldbank.org/WBSITE/EXTERNAL/PROJECTS/EXTPOLICIES/EXTOPMANUAL/0,,contentMDK:22634969~menuPK:64701637~pagePK:64709096~piPK:64709108~theSitePK:502184,00.htmlhttps://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttp://www.tradingeconomics.com/egypt/gdp-growth-annualhttp://data.worldbank.org/country/egypt-arab-republic#cp_wdi8/21/2019 Egypt Research 2014
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http://worldpopulationreview.com/countries/egypt-population/
https://www.cia.gov/library/publications/the-world-factbook/geos/eg.html
http://hdr.undp.org/en/countries/profiles/EGY
http://en.wikipedia.org/wiki/Transport_in_Egypt
http://www.princeton.edu/~achaney/tmve/wiki100k/docs/Transport_in_Egypt.html
http://www.ask-aladdin.com/transportation_in_egypt.htm
https://enr.gov.eg/ticketing/public/smartSearch.jsf
http://www.mapsofworld.com/international-airports/africa/egypt.html
http://www.africanbusinessreview.co.za/top_ten/top-10-lifestyle/top-10-african-airports
6.Culture6.1. Brief History of Egypt Since World War 2:
During the time of World War 2 and for the next 8 years Egypt was ruled by a king. In
1952 Egypt had its first revolution. This revolution lead to Egypt turning into a republic.
With this Muhammad Najib became the first president of Egypt. Egypt used to be
controlled by Great Britain. Even after Egypt became free Britain has had a presence in
Egypt. It wasnt until 1954 that Egypt became completely free of British influence. In
1958 Egypt joined into a union with Syria to form the United Arab Republic. This was
done as an attempt for Arab unity, it only lasted until 1961. Egypts first official
Constitution came into effect not until 1971. In 1981 Egypt had its first presidential
assassination with the killing of Anwar Al-Sadat. In the 1990s Egypt went on acampaign to try and commit to public reform and expanding the private sector of Egypt.
The Economy flourished in the 90s and early 2000s. In 2011 Egypt had its second
Revolution. This uprising was caused by things such as police brutality, the low
minimum wage, and just general poor living conditions in Egypt. A big push was made
for the ousting of President Hosni Mubarak who had been in office since 1981. After
Mubarak stepped down the Egyptian military took control of the country, which led to
the dissolving of the constitution and parliament. Elections were held and Mohamed
Morsi won the new spot as Egyptian President. Morsi let the power go to his head quick
as he tried to drastically increase the power of the President. After another round of
protests in June of 2013 Morsi was ousted from his position. As of now Egypt only has
an interim government in place. As of March Egypt finally ratified a new constitution
and they are planning on holding Presidential elections this summer.
6.2. Five Historically Significant Events:
1952- Egypt has its first major revolution leading to the forming of a republic
1975- Suez Canal is reopened after its closing from the six year war
1989- Egypt rejoins the Arab League
http://worldpopulationreview.com/countries/egypt-population/http://worldpopulationreview.com/countries/egypt-population/https://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttps://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttp://hdr.undp.org/en/countries/profiles/EGYhttp://hdr.undp.org/en/countries/profiles/EGYhttp://en.wikipedia.org/wiki/Transport_in_Egypthttp://en.wikipedia.org/wiki/Transport_in_Egypthttp://www.princeton.edu/~achaney/tmve/wiki100k/docs/Transport_in_Egypt.htmlhttp://www.princeton.edu/~achaney/tmve/wiki100k/docs/Transport_in_Egypt.htmlhttp://www.ask-aladdin.com/transportation_in_egypt.htmhttp://www.ask-aladdin.com/transportation_in_egypt.htmhttps://enr.gov.eg/ticketing/public/smartSearch.jsfhttps://enr.gov.eg/ticketing/public/smartSearch.jsfhttp://www.mapsofworld.com/international-airports/africa/egypt.htmlhttp://www.mapsofworld.com/international-airports/africa/egypt.htmlhttp://www.africanbusinessreview.co.za/top_ten/top-10-lifestyle/top-10-african-airportshttp://www.africanbusinessreview.co.za/top_ten/top-10-lifestyle/top-10-african-airportshttp://www.africanbusinessreview.co.za/top_ten/top-10-lifestyle/top-10-african-airportshttp://www.mapsofworld.com/international-airports/africa/egypt.htmlhttps://enr.gov.eg/ticketing/public/smartSearch.jsfhttp://www.ask-aladdin.com/transportation_in_egypt.htmhttp://www.princeton.edu/~achaney/tmve/wiki100k/docs/Transport_in_Egypt.htmlhttp://en.wikipedia.org/wiki/Transport_in_Egypthttp://hdr.undp.org/en/countries/profiles/EGYhttps://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttp://worldpopulationreview.com/countries/egypt-population/8/21/2019 Egypt Research 2014
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2011- Egypts second revolution, 5 term president Mubarak ousted, Constitution
and Parliament dissolved
2014- Egypt Finally has an official new constitution ratified
6.3. Official Language:
Arabic is the official language of Egypt. English and French are other frequentlyunderstood languages. 68% of the population speaks Egyptian Arabic. These are mostly
known by the more educated classes of Egypt. German is also widely spoken and is
often used in business circles.
6.4. Percentage of Population that Speaks English:
As of 2011 35% of the Egyptian population speaks at least a beginner level of English.
In the Business world of Egypt it is a very wise decision for employees of Egyptian
companies to know English. In Egypt there is usually a 70-80% salary gap for people
who speak English over someone who cannot.
6.5. Useful Phrases Translated into Arabic:
HelloMarhaban
Pleased to meet you- tasharafna
Goodbye- maasalama
What is your name?Ma ismak (male) ma ismik (female)
I dont understand la afham
Please speak slowlyakalam bibut min fadlak
Can you speak English?hal tatakallum al-lughah al-engleezia
Nola
Yes- naamThank you- Shukran
Youre welcome- Afwan
How much is that?bi kam hatha
6.6. Website for Translation to Arabic:
http://translate.google.com/#en/ar/
6.7. Arabic Dictionaries:
http://www.lexilogos.com/english/arabic_dictionary.htm
http://www.directdictionary.com/default.aspx
6.8. Translation of Document:English Version
Egypt is a country in North Africa that borders the Red Sea and Mediterranean Sea.
Neighboring countries include Libya, the Gaza Strip, and Sudan. Egypt includes parts of
the Sahara Desert, Libyan Desert, and the Nile River, which runs from south to north.
The government system is a republic. The chief of state is the President and the head of
http://translate.google.com/#en/ar/http://translate.google.com/#en/ar/http://www.lexilogos.com/english/arabic_dictionary.htmhttp://www.lexilogos.com/english/arabic_dictionary.htmhttp://www.directdictionary.com/default.aspxhttp://www.directdictionary.com/default.aspxhttp://www.directdictionary.com/default.aspxhttp://www.lexilogos.com/english/arabic_dictionary.htmhttp://translate.google.com/#en/ar/8/21/2019 Egypt Research 2014
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government is the Prime Minister. Egypt has a mixed economic system in which the
economy includes a variety of private freedom, combined with centralized economic
planning and government regulation. Egypt is a member of the African Union (AU),
African Economic Community (AEC), Council of Arab Economic Unity (CAEU) and
Common Market for Eastern and Southern Africa (COMESA).
Arabic Version
. .
.
. .
.
(AU) (AEC) (
) ( ).
6.9. Ethnicities in Egypt:
Egypt is renowned for its near 100% Egyptian population. The most recent estimations
mark Egypts population as 98% Egyptians.1% of the population is a mix of Berber,
Nubian, Bedouin and Beja. The final 1% is a mixture of Greek, Armenian, and other
European ethnicities.
6.10. Dominate Religion in Egypt:
Islam is by far the predominant religion in Egypt. Roughly 90% of the population
follows the Muslin religion. Christianity for the most part rounds out the last 10% of the
population. This large number of Muslims has a very strong impact on the proceedingsof business in Egypt. People who follow Islam are almost always very devote followers.
Someone who has accepted Islam as their religion lives their entire life according to the
teaching of Islam. If any type of business or if the person who the Muslim is doing
business with in any way goes against the beliefs of the Islam way the business
transaction could be heavily affected.
6.11. Egyptian Foods:
Egyptian food is typically not very fancy. It doesnt rely on massive amounts of spices
and is usually lighter than most of your typical Arabic food. The menu usually relies
heavily on vegetable and legumes rather than meats. This is usually because vegetablesare typically cheaper, especially in this part of the world. Typically the foods of Egypt
stay consistent regardless of where you are in Egypt. Here are a few more popular
dishes,
Fava Beans and Falafel- Often called the original Egyptian fast food, this dish is
made of fava beans that are set to simmer in a pan overnight. The beans are then
crushed into a paste and eaten with a falafel made out of hummus.
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Kushari- made with rice, black lentils, spaghetti, pasta rings, whole hummus,
onions and tomato sauce. Comes out as a delicious bowl of goodness.
Egyptian meat pie- Spiced ground beef cooked in a whole loaf of baladi bread,
comes out crispy and spicy.
Baladi bread- the staple of Egypt, Baladi bread is one of the most important parts
of all of Egypts diet. In fact during the 70s Egypt when to lower subsidies onthis bread. This caused riots all over Egypt. That shows how serious Egyptians
are over their bread.
6.12. Egyptian Holidays:
Egypt has 12 national holidays each year. They are as follows:
Christmas- January 7th
Mohameds Birthday- Jan 13th
Revolution of 2011 day- January 25th
Easter Sunday- April 20th
Spring Festival- April 21st
Sinai Liberation Day- April 25th
Labor Day- May 1st
Revolution Day- January 23rd
End of Ramadan- July 28th-30th
Feast of Sacrifice- October 4th-7th
Armed Forces Day- October 6th
Muharram- October 25th
Even though some of the Holidays are the same as in the United States their dates are
drastically important which could be important in business dealings. Some of theseholidays are more important than others in the eyes of the people. For instance the entire
weekend of Easter, Including Good Friday, Holy Saturday and Easter Sunday are
immensely important to Egyptians. Both of Egypts Revolution Days are also an
important part of every year. The one in January celebrates the more recent revolution
while the one in July celebrates the Egyptian revolution of 1952. With Egypt being a
predominantly Islamic country there are a lot of religious holidays that are observed by
the majority of the population.
6.13. Souvenirs of Egypt:
Some Typical souvenirs that people get when they visit are miniature pyramids, mini
Shisha, stuffed camels, papyrus scrolls, vases/sculptures, belly dancing outfits, jewelry,scarabs, and Khartouche.
Mini Shisha- These are miniature size versions of popular water pipes often called
hookah pipes
.
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Scarab- often considered a telltale symbol of ancient Egypt these little dung beetles are
a frequent pick up for tourists. In Ancient Egypt these beetles were seen as a heavenly
process of the sun being rolled across the sky by the god Ra. This has passed down
through time to the buyer.
Khartouche- The pharaohs often wrote words and names in the form of a Khartouche.When in Egypt, you can easily have gold or silver vendors create a khartouche for you to
take home.
(Mini shisha) (Scarab) (Khartouche)
6.14. Tipping Practices:
Tipping is a very common idea throughout Egypt, it is seen as polite to tip nearly anyone
who has aided in you in some way. Always tip as discreet as possible. It may not seem
so, but very few are proud about the fact that they need your tips. On the other hand, few
will make you feel guilty about what you gave. Remember that a tip is given of yourown volition. Your pocket, circumstances, outlook towards "outstanding" service and
feelings of "charity" all play non-trivial roles. Here is a list of suggested tipping amounts
that could be helpful on a trip to Egypt, keep in mind that the amounts are listed in
Egyptian currency.
Driver taking you to hotel from airport upon arrival: 10 - 30 LE
Luggage man at hotel: 3-5 LE pr. bag both in and out
Housekeeping: 5-10 LE pr. night
Waiter/waitress at breakfast restaurant at hotel: 5-10 LE pr. meal
Boat staff on Nile: 10 LE pr. person
Men or women at restrooms handing out toilet paper: 50 PT - 1 LE.
General tipping in restaurants (if service and food was good): around 10 %. Most
customers will find a service charge on their receipt, but please note that this
goes to the restaurant and not to the waiter.
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6.15. Differences in Business Customs:
Business in Egypt is much less direct than it is in American business practices. Business
and Personal are deeply intertwined in Egyptian business practices. When two people
meet the most common greeting is the handshake. If it an already made acquaintance a
kiss on the cheek is also welcomed. It is important that due to cultural differences not all
women will be open to shaking a mans hand. If one offers a lady a handshake and shedenies, it is polite to just give her a nod of your head and to move on.
The presence of titles is important to many an Egyptian Businessman, whenever
applicable call the person by their full title. If one plans on bringing a gift make sure it is
not alcohol as alcohol is forbidden in Islam.
When it comes to business meetings it is best to arrange the meeting only a few weeks in
advance. Also you should confirm the meeting both before you leave for Egypt and as
you land. As for the meeting itself it is best to not dive right into business. Egyptian men
like to get to know people who they may be working with. Be sure to ask personal
questions and to get to know the person on a personal level, it is polite to wait for the
opposite party to start talking about business first. Be prepared to a long and drawn outprocess in talking business as the conversations constantly go back and forth between
personal chit chat and business. Other things to note that are rude in Egyptian culture is
that it is rude to shake hands, pass things or eat with your left hand. It is also seen as
rude to point and it is ruse to show the soles of your shoes or sitting with your legs wide
apart.
6.16. Recommended Business Dress:
Your standard business attire is seen most acceptable in business situations. A jacket and
tie is required for any formal business meetings. It is also seen professional to always
keep your shirt buttoned up to the collarbone. Egyptians follow standards of modesty so
regardless of the hot weather it is best to cover most of the body. This is extra pertinent
with women traveling to Egypt. It would also be smart to refrain from traditional native
clothing. Egyptians would find it offensive to see a foreigner dressed in their traditional
garments.
6.17. Time Flexibility in Egypt:
In general time is seen as very elastic in Egyptian meetings and gatherings. Beginning
times are usually seen as important but meetings could go on for as long as it is deemed
necessary. Since meeting often focus on the two parties getting to know each other there
is never a set time for a meeting to end.
6.18. Work Versus Family:
Family is often seen as on large group in Egyptian culture. Family members often all
live together, only leaving to work abroad, study abroad or if they are getting married.
As the world of Egypt is evolving things are changing at a rapid pace. Women are
becoming much more frequent in the work force. Often these women are single as
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traditionally it is the womans placethe stay at home with the family. Slowly the
younger group of Egyptians are adopting more of a western idea of work and family.
6.19. Gift Giving Practices:
Gift giving is not a common practice seen in the Egyptian business world. When gifts
are given they are often seen as incidental and not necessary. It is a good note to add apersonalized touch to any gift you may give, have it engraved if possible. A very
appropriate gift is something like a compass, as Muslims must face the east as they say
their daily prayer. This kind of gift shows that you understand your business partner on
more of a personal level. Things to avoid are giving gifts that have anything to do with
alcohol, pork or any type of artwork or photography. These gifts are all forbidden by
Islam.
6.20. Gestures to Avoid:
Any type of motion or interaction with your left hand is seen as rude in Egypt. The left
hand is seen as unclean. Any type of pointing can also be seen as rude. In Egypt it isrude to show the soles of your shoes towards the person you are talking to. It is also rude
to sit with your legs spread far apart. Displays of public affection are also seen as rude
an unnecessary throughout Egypt.
Sources for Culture
http://www.bbc.com/news/world-africa-13315719
http://en.wikipedia.org/wiki/History_of_modern_Egypt
https://www.cia.gov/library/publications/the-world-factbook/geos/eg.html
http://www.britishcouncil.org/new/documents/full_mena_english_report.pdf
http://www.kwintessential.co.uk/read-our-blog/20-must-know-arabic-words-and-phrases-for-your-
business-trip-to-the-arab-world.html
http://translate.google.com/#en/ar/
http://www.directdictionary.com/default.aspx
http://www.lexilogos.com/english/arabic_dictionary.htm
http://www.infoplease.com/ipa/A0855617.html
http://www.cyborlink.com/besite/egypt.htm
http://www.alrahalah.com/2012/03/top-10-foods-in-egypt/
http://www.timeanddate.com/holidays/egypt/
http://www.touregypt.net/blog/travel-guide/souvenirs-everyone-should-buy-in-egypt-2/
http://www.tripadvisor.com/Travel-g294200-c94591/Egypt:Suggested.Individual.Tipping.In.Egypt.html
http://www.bbc.com/news/world-africa-13315719http://www.bbc.com/news/world-africa-13315719http://en.wikipedia.org/wiki/History_of_modern_Egypthttp://en.wikipedia.org/wiki/History_of_modern_Egypthttps://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttps://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttp://www.britishcouncil.org/new/documents/full_mena_english_report.pdfhttp://www.britishcouncil.org/new/documents/full_mena_english_report.pdfhttp://www.kwintessential.co.uk/read-our-blog/20-must-know-arabic-words-and-phrases-for-your-business-trip-to-the-arab-world.htmlhttp://www.kwintessential.co.uk/read-our-blog/20-must-know-arabic-words-and-phrases-for-your-business-trip-to-the-arab-world.htmlhttp://www.kwintessential.co.uk/read-our-blog/20-must-know-arabic-words-and-phrases-for-your-business-trip-to-the-arab-world.htmlhttp://translate.google.com/#en/ar/http://translate.google.com/#en/ar/http://www.directdictionary.com/default.aspxhttp://www.directdictionary.com/default.aspxhttp://www.lexilogos.com/english/arabic_dictionary.htmhttp://www.lexilogos.com/english/arabic_dictionary.htmhttp://www.infoplease.com/ipa/A0855617.htmlhttp://www.infoplease.com/ipa/A0855617.htmlhttp://www.cyborlink.com/besite/egypt.htmhttp://www.cyborlink.com/besite/egypt.htmhttp://www.alrahalah.com/2012/03/top-10-foods-in-egypt/http://www.alrahalah.com/2012/03/top-10-foods-in-egypt/http://www.timeanddate.com/holidays/egypt/http://www.timeanddate.com/holidays/egypt/http://www.touregypt.net/blog/travel-guide/souvenirs-everyone-should-buy-in-egypt-2/http://www.touregypt.net/blog/travel-guide/souvenirs-everyone-should-buy-in-egypt-2/http://www.tripadvisor.com/Travel-g294200-c94591/Egypt:Suggested.Individual.Tipping.In.Egypt.htmlhttp://www.tripadvisor.com/Travel-g294200-c94591/Egypt:Suggested.Individual.Tipping.In.Egypt.htmlhttp://www.tripadvisor.com/Travel-g294200-c94591/Egypt:Suggested.Individual.Tipping.In.Egypt.htmlhttp://www.touregypt.net/blog/travel-guide/souvenirs-everyone-should-buy-in-egypt-2/http://www.timeanddate.com/holidays/egypt/http://www.alrahalah.com/2012/03/top-10-foods-in-egypt/http://www.cyborlink.com/besite/egypt.htmhttp://www.infoplease.com/ipa/A0855617.htmlhttp://www.lexilogos.com/english/arabic_dictionary.htmhttp://www.directdictionary.com/default.aspxhttp://translate.google.com/#en/ar/http://www.kwintessential.co.uk/read-our-blog/20-must-know-arabic-words-and-phrases-for-your-business-trip-to-the-arab-world.htmlhttp://www.kwintessential.co.uk/read-our-blog/20-must-know-arabic-words-and-phrases-for-your-business-trip-to-the-arab-world.htmlhttp://www.britishcouncil.org/new/documents/full_mena_english_report.pdfhttps://www.cia.gov/library/publications/the-world-factbook/geos/eg.htmlhttp://en.wikipedia.org/wiki/History_of_modern_Egypthttp://www.bbc.com/news/world-africa-133157198/21/2019 Egypt Research 2014
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http://www.kwintessential.co.uk/etiquette/doing-business-egypt.html
http://www.executiveplanet.com/index.php?title=Egypt:_Business_Dress
http://www.worldbusinessculture.com/Business-Meetings-in-Egypt.html
http://aldinger.net/publications.php?dl=The+role+of+the+family+in+Arab+countries.pdf
http://www.giftypedia.com/Egypt_Gift_Giving_Customs
http://business.uni.edu/buscomm/InternationalBusComm/world/africa/egypt/egypt_printable.html
7.Practical Information Useful for a Business Trip
7.1. Travel Documents Required to Enter Country:A valid passport and a visa is required to gain entry into Egypt. A visa can be obtained
from Egyptian diplomatic bodies located abroad or one can be obtained from the Entry
Visa Department at the Travel Documents, Immigration and Nationality Administration
(TDINA). At some major airports and entry ports it is possible for visitors to gain an
entry visa at the airport or entry port. For a Business Visa you are required to provide a
letter from the company indicating the detailed purpose of the trip and financial
guarantee of the company. A regular visa will cost you a fee of $15 while a business visa
will cost you a fee of $25.
7.2. Current State Department Travel Warnings:Currently the US State Department has issued a travel alert for US citizens wishing to
travel to Egypt. This alert is because of the recent political unrest that has been going on
in Egypt since 2013. The current alert was issued on November 6th, 2013 and it set toexpire on June 18th, 2014. The political unrest has caused many protests, some of which
turn violent. It is highly advised that US citizens avoid all demonstrations because of this
reason. On June 28th, 2013 a US citizen was killed during a demonstration in Alexandria.
There have also been US citizens arrested and deported for their proximity to these
demonstrations.
7.3. Medical Advice:Currently there are no specific medical warnings or any special vaccines required to gain
entry to Egypt. Egypt is a developing country so it is smart to have all of your medical
necessities taken care of before you enter Egypt. Medical care in Egypt falls short of USstandards. There are few reliable hospitals and even fewer that may have doctors who
speak English. Some of these hospitals may also employ staff with less than reputable
qualifications. It is best to contact the US embassy to get a list of approved hospitals.
Although Egypt does have an Ambulance Service it is often unreliable. It is
recommended to not drink tap water but to drink bottled water. It is also advisable to
make sure that the seal is not broken before you drink the water.
http://www.kwintessential.co.uk/etiquette/doing-business-egypt.htmlhttp://www.kwintessential.co.uk/etiquette/doing-business-egypt.htmlhttp://www.executiveplanet.com/index.php?title=Egypt:_Business_Dresshttp://www.executiveplanet.com/index.php?title=Egypt:_Business_Dresshttp://www.worldbusinessculture.com/Business-Meetings-in-Egypt.htmlhttp://www.worldbusinessculture.com/Business-Meetings-in-Egypt.htmlhttp://aldinger.net/publications.php?dl=The+role+of+the+family+in+Arab+countries.pdfhttp://aldinger.net/publications.php?dl=The+role+of+the+family+in+Arab+countries.pdfhttp://www.giftypedia.com/Egypt_Gift_Giving_Customshttp://www.giftypedia.com/Egypt_Gift_Giving_Customshttp://business.uni.edu/buscomm/InternationalBusComm/world/africa/egypt/egypt_printable.htmlhttp://business.uni.edu/buscomm/InternationalBusComm/world/africa/egypt/egypt_printable.htmlhttp://business.uni.edu/buscomm/InternationalBusComm/world/africa/egypt/egypt_printable.htmlhttp://www.giftypedia.com/Egypt_Gift_Giving_Customshttp://aldinger.net/publications.php?dl=The+role+of+the+family+in+Arab+countries.pdfhttp://www.worldbusinessculture.com/Business-Meetings-in-Egypt.htmlhttp://www.executiveplanet.com/index.php?title=Egypt:_Business_Dresshttp://www.kwintessential.co.uk/etiquette/doing-business-egypt.html8/21/2019 Egypt Research 2014
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7.4. Crime Level:In General you are for the most part safe from crime in Egypt. The thing you should be
most worried about if you are a visitor to Egypt is your typical petty crimes such as theft
or assault. Since the revolution crime has nearly tripled. The murder rate has also almosttripled. This is due to the large amount of unemployment and the economic crisis that
took place. In general the crime rate is slowly going down as Egypt becomes more stable
in its government. It is best to just follow common sense to protect yourself and you
should be fine visiting Egypt.
7.5. Other Useful Information Regarding Travel:7.5.1. Information on US Embassy Cairo
Address- Consular Section 5 Tawfik Diab Street, Garden City, Cairo Egypt
Telephone number- (20)2-2797-2301After hours emergency telephone number- (20)2-2797-3300
Fax Number- (20)2-2797-2472
7.5.2. Medical Emergency Contact Number123
7.6. Time Difference:
Egypt is in the Eastern European Time Zone. This zone is 6 hours ahead of our East
Coast Time Zone. This means that if it was noon in Erie, PA it would be 6 P.M in Egypt.
7.7. Future Flight from Erie, PA to Cairo, Egypt:
Flight planned for May 17th, 2014
US Airways: Flight 4306/ De Havilland Dash 8 (TurboProp)operated by US Express/Piedmont Airlines
From:Erie, PA (ERI)7:00 amTo:Philadelphia, PA (PHL)8:27 am
Travel Time:1h 27mEconomy/Coach Class
Layover Time: 1h 58m
Qatar Airways: Flight 728/ Boeing 777-200LR (Jet)From:Philadelphia, PA (PHL)10:25 amTo:Doha, Qatar (DOH)5:55 am
Travel Time:12h 30mEconomy/Coach Class
Layover Time: 3h 5m
mailto:[email protected]:[email protected]:[email protected]://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truemailto:[email protected]8/21/2019 Egypt Research 2014
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Qatar Airways: Flight 1303/ Boeing 777-300ER (Jet)From:Doha, Qatar (DOH)9:00 amTo:Cairo, Egypt (CAI)11:30 am
Travel Time:3h 30mEconomy/Coach Class
Total number of stops: 2Total layover Time: 5 hours and 3 minutesTotal flight time: 22 hours and 30 minutesTotal cost of one-way ticket: $1,124
Return Flight planned for May 24th, 2014, allowing for one week in Egypt
Lufthansa: Flight 585/ Airbus A320 (Jet)From:Cairo, Egypt (CAI)3:40 amTo:Frankfurt, Germany (FRA)8:05 am
Travel Time:4h 25mEconomy/Coach Class
Layover Time: 5h 5m
Lufthansa: Flight 426/ Airbus A340-300 (Jet)From:Frankfurt, Germany (FRA)1:10 pmTo:Philadelphia, PA (PHL)4:00 pm
Travel Time:8h 50mEconomy/Coach Class
Layover Time: 2h 5m
US Airways: Flight 4154/ De Havilland Dash 8 (TurboProp)
operated by US Express/Piedmont AirlinesFrom:Philadelphia, PA (PHL)6:05 pmTo:Erie, PA (ERI)7:41 pm
Travel Time:1h 36mEconomy/Coach Class
Total number of Stops: 2
Total layover time: 7 hours and 10 minutes
Total Flight time: 22 hours and 1 minute
Total cost: $984
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y=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3D4A050A3F4A050ANO1L7MmeMEqjLVTGTN%23fDC3083&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3D4A050A3F4A050ANO1L7MmeMEqjLVTGTN%23fDC3083&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3D4A050A3F4A050ANO1L7MmeMEqjLVTGTN%23fDC3083&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=true8/21/2019 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7.8. Current Weather for Next 10 Days in Cairo:
Thursday04/17 10%
Partly cloudy skies. High 84F. Winds NW at 10 to 15 mph.
Friday04/18 0%
A mainly sunny sky. High around 95F. Winds SW at 10 to 15 mph.
Saturday04/19 0%
Partly cloudy skies. High 88F. Winds NNE at 10 to 20 mph.
Sunday04/20 10%
Mainly sunny. High 84F. Winds NNE at 10 to 20 mph.
Monday04/21 10%
Sunshine along with some cloudy intervals. High 83F. Winds NNE at 10 to 20 mph.
Tuesday04/22 10%
Partly cloudy skies. High 86F. Winds NNE at 10 to 15 mph.
Wednesday04/23 0%
Generally sunny despite a few afternoon clouds. High 93F. Winds NE at 10 to 20 mph.
Thursday04/24 0%
A mainly sunny sky. High 98F. Winds ENE at 5 to 10 mph.
Friday04/25 0%
Sunny. High 96F. Winds NNW at 5 to 10 mph.
Saturday04/26 0%
Mainly sunny. High around 90F. Winds N at 10 to 15 mph.
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7.9. Procedure for Making a Phone Call to Egypt from the US and Vice Versa:
To make a phone call to Egypt from the United States first you must dial the US exitcode (011). Then you must dial Egypts country code (20). Finally you must just dial the
phone number you are looking to call, but the number must not begin with 0. A fixednumber in Egypt may have 8 or nine digits. A cell phone in Egypt will have 10 digits,and the first number will always be 1.To call from Egypt to the United States first you must dial 00. Then you must dial a 1followed by the phone number you are looking to reach.
7.10. Acceptability of Credit Cards in Egypt:
Credit cards are not really widely accepted throughout Egypt. A lot of large hotels andhigher end restaurants will accept most credit cards. Visa and Master Card are the most
widely accepted types of cards. American Express is less accepted and Diners Club Isvery rarely accepted. Discover does not operate in Egypt at all. Credit cards arefrequently accepted in tourist locations but you can expect to mostly use cash fortransactions outside of your hotel.
7.11. Costs of Travel in Egypt:By most international standards Egypt is considered pretty cheap. Depending on howluxurious you play on making your stay be you can get by on as little as $20 per day oras much as $200 per day. If you go by a middle route and stay in your standard hotel itwill cost you anywhere from $30-50 per night. That is rather cheap and very competitivewith most prices in the United States. As for food a higher end restaurant will set youback around $20 per person. If you go for more touristy and local food choices it will bemuch cheaper. It will cost you significantly less to eat in Egypt then it would cost you inthe US. Traveling in Egypt can be very cheap as well. A train ride between major citiescan run you only as much as $10. Most domestic flights in Egypt will only run you aslittle as $35 per ticket. That is amazingly cheap compared to US rates. If you avoid mosttourist locations you will find most everything to be relatively cheap.
Sources for Practical Information Useful for a Business Trip
http://www.cairo-airport.com/pass_visa.asp
http://www.egyptembassy.net/consular-services/passports-travel/visa-requirements/
http://travel.state.gov/content/passports/english/alertswarnings/egypt-travel-alert.html
http://www.numbeo.com/crime/country_result.jsp?country=Egypt
http://english.alarabiya.net/en/News/middle-east/2013/05/04/Crime-rate-soars-in-post-revolutionary-
Egypt-amid-security-woes.html
http://www.timeanddate.com/time/zone/egypt/cairo
http://www.cairo-airport.com/pass_visa.asphttp://www.cairo-airport.com/pass_visa.asphttp://www.egyptembassy.net/consular-services/passports-travel/visa-requirements/http://www.egyptembassy.net/consular-services/passports-travel/visa-requirements/http://travel.state.gov/content/passports/english/alertswarnings/egypt-travel-alert.htmlhttp://travel.state.gov/content/passports/english/alertswarnings/egypt-travel-alert.htmlhttp://www.numbeo.com/crime/country_result.jsp?country=Egypthttp://www.numbeo.com/crime/country_result.jsp?country=Egypthttp://english.alarabiya.net/en/News/middle-east/2013/05/04/Crime-rate-soars-in-post-revolutionary-Egypt-amid-security-woes.htmlhttp://english.alarabiya.net/en/News/middle-east/2013/05/04/Crime-rate-soars-in-post-revolutionary-Egypt-amid-security-woes.htmlhttp://english.alarabiya.net/en/News/middle-east/2013/05/04/Crime-rate-soars-in-post-revolutionary-Egypt-amid-security-woes.htmlhttp://www.timeanddate.com/time/zone/egypt/cairohttp://www.timeanddate.com/time/zone/egypt/cairohttp://www.timeanddate.com/time/zone/egypt/cairohttp://english.alarabiya.net/en/News/middle-east/2013/05/04/Crime-rate-soars-in-post-revolutionary-Egypt-amid-security-woes.htmlhttp://english.alarabiya.net/en/News/middle-east/2013/05/04/Crime-rate-soars-in-post-revolutionary-Egypt-amid-security-woes.htmlhttp://www.numbeo.com/crime/country_result.jsp?country=Egypthttp://travel.state.gov/content/passports/english/alertswarnings/egypt-travel-alert.htmlhttp://www.egyptembassy.net/consular-services/passports-travel/visa-requirements/http://www.cairo-airport.com/pass_visa.asp8/21/2019 Egypt Research 2014
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http://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A2014041704264408
4bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=tr
ue
http://www.wunderground.com/weather-forecast/EG/Cairo.html
http://www.howtocallabroad.com/egypt/
http://www.essortment.com/type-credit-cards-acceptable-egypt-17202.html
http://www.lonelyplanet.com/egypt/practical-information/money-costs
8.Trade and Investments
8.1. Trade8.1.1. 10 Leading Categories of Export (US Dollars):
Crude Petroleum ($6,690,217,838)
Petroleum Gas ($3,404,536,644) Refined Petroleum ($3,295,392,161)
Gold ($2,088,501,768)
Nitrogenous Fertilizers ($1,463,161,046)
Insulated Wire ($1,051,504,915)
Citrus ($640,384,912)
Non-Knit Mens Suits ($576,945,723)
Hot-Rolled Iron ($521,097,343)
Copper Plating ($488,920,344)
8.1.2. 10 Leading Categories of Import (US Dollars): Refined Petroleum ($6,610,076,941)
Petroleum Gas ($3,226,174,261)
Wheat ($1,831,843,535)
Gold ($1,655,321,705)
Crude Petroleum ($1,533,952,113)
Raw Sugar ($1,053,256,806)
Corn ($1,032,214,600)
Refined Copper ($922,080,043)
Insulated Wire ($890,477,529)
Soybeans ($827,466,451)
8.1.3. 10 Leading Export Countries (US Dollars):
Italy ($3,612,199,354)
India ($2,598,559,009)
Germany ($2,367,083,830)
United States ($2,254,935,867)
Saudi Arabia ($1,974,762,659)
http://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.priceline.com/airlines/fareResults.do?session_key=354A050A364A050A20140417042644084bd0124640&plf=pcln&jarmkey=3E4B050A404B050AvkCiuT4rjEaI%3DiE7ASJq4A2749&INIT_SESSION=truehttp://www.wunderground.com/weather-forecast/EG/Cairo.htmlhttp://www.wunderground.com/weather-forecast/EG/Cairo.htmlhttp://www.howtocallabroad.com/egypt/http://www.howtocallabroad.com/egypt/http://www.essortment.com/type-credit-cards-acceptable-egypt-17202.htmlhttp://www.essortment.com/type-credit-cards-acceptable-egypt-17202.htmlhttp://www.lonelypl