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Countries

Egypt


Known as the “big brother” of Arab countries, Egypt has a long history and is the most populous country in North Africa.

Egypt, whose capital is Cairo, has a total population of 102 million according to 2017 data. The country's surface area is 1.2 million square kilometeres and its currency is Egyptian pound. The official language is Arabic.

Egypt has multiple international relations. The Organization for Islamic Cooperation maintains balanced relations with both the Eastern and Western countries of the African Union, Arab League, and Asian Union.

Tourism, the Suez Canal inputs, the world's finest long-staple cotton, which grows on the banks of the Nile and alluvial fertile soil, constitute an important place in the Egyptian economy.

Items such as rice and textiles also stand out among the country's export products. Cairo offers intensive accommodation with 5-star hotels of the world's largest hotel chains.

Egypt's oil, which was enough for itself, was offered cheaply to the public. However, fuel prices were increased by 150 percent with three separate hikes in the Sisi period.

Following the fall of the Russian aircraft in the Sinai Peninsula in 2015, the country's tourism inputs declined significantly. In addition, after the fluctuation of the country's currency in 2016, the dollar exchange rate increased significantly.

Inflation in Egypt reached its highest level in 30 years with 34.2 percent last July. The inflation rate, which was calculated as 30.9 percent in June this year, was also considered dangerous by the IMF for economic stability. The Growth rate of 4.1 percent announced in Egypt, gross domestic product 336.3 billion dollars, per capita national income is 2 thousand 724 dollars.



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