CCIFE OFFICIAL MAGAZINE

The Egyptian stock market has been hitting record highs since August with its main index EGX30.

One of the most significant non-banking financial services industries in the nation is the insurance business. Due to its close ties to other economic sectors, it is one of the sectors that contributes to the GDP.

The pharmaceutical industry in Egypt is among the largest in the region, with the volume of sales of medicines during the first quarter of 2023 reaching LE 18.4 billion.

The past 20 years have seen Egypt’s retail market grow in leaps and bounds. Shopping malls have sprung up at every corner, not only in Cairo and Alexandria, but in the other governorates as well, housing local and international brands. Over the past two decades Egypt has also become a hub for international brands who were attracted to its market of 100+ million population.