Egypt is a large country in the Middle East that spans over two continents. Politically Egypt has vastly changed over the years from the pharaohs to the democratic government currently in place. Their rich culture, has given the world some of the greatest archaeological finds known to man, from the Thebes to the Valley of Kings. They maintain the largest military in the entire Middle East that is currently trying to maintain order in a country that is still in the middle of a revolution. A revolution that has begun to create trying economic times for the Egyptian people.
Executive Summary Egypt today can be a viable market for the foreign investor, especially the investor who has the ability to see the rewards of in investing in the region for the long haul. The world and Egypt both realize that the region is the gateway to the Middle East. Egypt is leading the way for Arabic countries to embrace a new way of doing business and opening their borders to the ‘global village’ concept. Size of Market The Arab Republic of Egypt is located in Northern Africa and borders Libya, Sudan and the Gaza Strip, as well as the Mediterranean and Red Seas. Less than one-tenth of Egypt is settled.
This phenomenon has several effects on the lives of the city dwellers which are both positive and negative in nature. Some effects of urbanization are discussed below: Economic Growth: As Dhaka is the capital of Bangladesh, most of the economic activities are concentrated in this area. Most of the industries, business organizations and offices including government, banking, construction and trade are situated here. As a result it is having great impacts on the national economy. The garments industry, which is responsible for 80% of the national export earnings is mainly located in Dhaka.
The Egyptians were experts at trading, importing and exporting goods with various countries. Due to its geographical location, Ancient Egypt was able to obtain great success through trading and commerce. The Nile River provided many inlets into the Red Sea and Mediterranean Sea, these passages allowed for greater opportunities for trading and communication with neighboring countries. The use of vessels proved to be a great resource in securing the Egyptian economy with its vast amount of riches, providing the main mode of transportation for trade and travel. This paper will examine Ancient Egypt’s relation with the Nile River and the trade and commerce that secured it as one of the greatest nations in history (Baines, 2002).
These two cities have become heavily populated with Muslim immigrants to a point that the North African Muslims will one day be the majority in these cities. This "redevelopment of the city" because of immigration and other factors is central to the growth of the common city. In the United States, numerous cities have undergone major changes over the past several years. Some cities, such as Los Angeles, Miami, and New York have seen once dormant residential and commercial centers again became vibrant centers for economic activity. For example in Los Angeles, motivated immigrants viewed, what the mainstream intelligentia would have considered an undesirable area for residential or economic purposes, an area they could prosper.
Overall, the financial service sector is on a high growth mode is showing signs of significant improvement over the years to come. Financial service sector in Oman Oman is a country where development is given very much importance. Over the years, there have been very vast changes in the economy of the country as well as how the industries have grown in the country. All this were triggered off by the advent of a strong financial service sector in the country. Banks have played a very important part in giving the country its shape by providing a variety of different services to the customers.
A number of countries that have adopted this philosophy have managed, through long- term planning and the implementation of SME-serious policies, to upgrade this vital sector. "China and India, for example, are two countries which, according to the World Bank's estimate, will be leading the world's economy for the next 30 years. Both have a very strong SME sector, which has extremely contributed to the growth of their economies. “Said Jan Sturrason, a Swedish expert at Price-Waterhouse Cooper”. The thesis reports on research into the internationalization process of manufacturing SMEs in Egypt.
Tourism also links indirectly with other sectors such as horticulture, agriculture, poultry, handicrafts and construction activities. c) Boost foreign trade: Tourism is rising as one of the major force in global business. It boost foreign trade and leads to increase in the foreign exchange. It is also one of the largest export industry in the world. The impact of tourism on the economic growth is constantly rising due to increasingly growing size of the tourist market.
Egypt was a center of trade. “Egyptians and their trading partners sailed along the Nile River to trade their goods, but sometimes also traveled to and from the Eastern or Western Deserts” (Egypt-Trade). By trading with other nations, they allowed themselves to form diplomatic relationships with them. Trade also stimulated the Egyptian economy, as “trade affect[ed] all of the social classes of Egypt because so many different kind of resources were traded” (Egypt-Trade). The Egyptian trade model is used heavily by all nations of the world still to this day.
The major demographic changes in the Middle East and North Africa have been the massive increase in population, and urbanization which has seen the emergence of many large cities throughout the region. The reasons for this have been because of better health care, greater mobility of the population, economic opportunities in the cities and political changes. During the late eighteenth and early nineteenth centuries, a number of European families started moving to the Middle East and North Africa, with many French and other Europeans settling in Algeria from the 1830s. Many Albanians moved to Egypt, and there were also some Russian Orthodox communities settling in the Holy Land. Even before the Suez Canal, was considerable sea traffic to and from Egypt.