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Egypt top improving country in Doing Business

Egypt ranked 120 out of 190 countries in the World Bank's "Ease of Doing Business" Report which put it among the most improving economies in 2017/2018
© Egypt Business Directory
 

Egypt ranked 120 out of 190 countries in the World Bank's "Ease of Doing Business" Report for 2019 which put it among the most improving economies in 2017/2018.

Egypt implemented several reforms in the ease of starting a new business through implementing the "one stop shop" system and made it easier to access credit for investors.

Other reforms that made it easier for investors to access the Egyptian market included, protection of minority investors, restructuring in case of bankruptcy in stead of jail, paying taxes was made easier and so were VAT refunds.

The highest ranked Arab country was UAE (11th place) Morocco also ranked high (60th) while Saudi came at 92nd place.

Overall New Zealand, Singapore and Denmark led the world in the ease of doing business while Somalia remained at the very bottom despite improved scores compared to last year.