Businesses feel confident about success as Egypt's market dynamics improve

At least three quarter (75%) of businesses in Egypt are optimistic that they will succeed in the current international trade environment, according to a new HSBC survey of over 8,500 companies across 34 markets: ‘Navigator: Now, next and how for business’.

Egyptian businesses have been the prime beneficiaries of a number of government-driven intiatives and reforms that have resulted in growing foreign direct investment, a stable exchange rate, and reinvigorated growth in exports. However, while the overall dynamic has improved, fewer businesses in Egypt (63%) have a positive outlook on international trade – lower than the global average of )78%(.