Business expectations for the upcoming 12 months were mostly subdued in July, the report explained, noting that only 13% of companies predicted growth of output over the coming year
The IDSC’s infographic was based on the Arab Investment and Export Credit Guarantee Corporation’s data released in July
The APICORP report noted that Egypt’s largest gas projects have an estimated value of around $14 billion, while the country’s largest oil projects are projected to be $12 billion
Emiratis dominated the list with 19 entries, followed by Egypt’s 16 and Saudi Arabians taking 15 spots. Forbes registered 27 CEOs from the banking and financial sectors, followed by 8 telecom CEOs
Despite the decline in economic conditions, Egypt’s non-oil businesses are looking at the year ahead with a “greater degree” of confidence
