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      Egypt
     
  Egyptian Cities Travel To Egypt 

    IntroductionInformation
 

At the crossroads of Africa, Asia and Europe, Egypt has always been the gateway for business in the Arab world, Africa and the Mediterranean.
Because of this central geographical location, Egypt has always been the center for economic, politic and cultural activities for the Arab world.  
It is reflected on the prosperity of its civilization.

The Egyptian government has introduced many changes that allowed its economy to integrate with the world economy.
Today, Egypt established a market-based and liberalized and open economy that includes significant strength in software, tourism, food industries, cement, steel, oil refineries, agriculture products and many others. 
By investing in Egypt, businesses can profit from the ever growing market and penetrate the market of the surrounding areas such as the Gulf and Europe.

 

President :       Hosni Mubarak
Government :  Parliamentary democracy
Population :      62 Million
Area :               1 Million sq.km
Inflation :         3.3%
Location :         North Africa
Capital :            Cairo
Industry :          Automotive, aerospace,
                           Communication, Gas,
                           Steel, Oil,  Technology
Language :        Arabic
Time :                2 hours ahead of 
                           Greenwich Mean
                            Time        
Currency :           Egyptian Pound (EGP)


                                 
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Another great Egyptian achievement is the Egyptian stock market, which is currently the cheapest of all emerging markets indicated by a P/E ratio of 9.3.  Most stock prices are undervalued making them a very attractive purchase for investors seeking a high return on stock.  Egypt stock market ranks third compared to 34 other emerging markets.
Numerous investment banks weigh Egypt as a low risk area.

The Pharaohs, the Greeks, the Romans, the Arabs, the Turks and the British have all ruled Egypt, and modern Egypt is influenced by all of these and the 20th century.

  Environment

Egypt stretches over more than a million square km in the top of  the north east corner of Africa. More than 90% of the land area is barren desert though, which has induced 99% of the population to squish into just 5% of the total land area, the fertile Nile Valley, Delta and the newly created cities and villages.

Egypt lay on the Mediterranean Sea in the north and shares borders with Libya in the west, Sudan in the south,  and the Red Sea and Israel in the east.
Across the Suez Canal, is Sinai. This region slopes up to the high mountains of Mt Catherine (at 2642 metres is Egypt's highest point).

The Red Sea area has many newly created resorts, golf courses and diving clubs and schools. The Red Sea itself supports sharks, stingrays, turtles, dolphins, colourful corals, sponges, starfish and various molluscs.

  Costs & Spending

Egypt is terrific value. It is possible to spend as little as US$10-15 a day if you're prepared to stay in the cheapest hotels and hostels, eat local vendors' food, limit yourself to one historic site a day and travel on packed third-class trains. The major expense for the travelers in Egypt is transport and site entry - the latter has taken some severe jumps in recent years. Entry to the Egyptian Museum in Cairo will cost you around US$7 and the recently opened Tomb of Nefertari near Luxor is a hefty US$60.

Be aware that pickpockets operate around tourist sites, so avoid carrying money in your back pocket. Well-known brands of travellers' cheques will be honored everywhere, although having travelers' cheques in US dollars, UK pounds or in Deutschmarks will prove the most hassle-free. American Express, Visa, MasterCard, JCB and Eurocards are accepted at various stores and hotels displaying the appropriate signage. Visa and MasterCard can be used to obtain cash advances at Banque Misr and Bank of Egypt branches.

A service charge of 12% applies in restaurants and hotels, and a sales tax of 5- 7% is also levied. Additionally, you might find yourself paying a further 1-4% tax on upper-end accommodation, so it is possible to find that a 23% tax has been added to the price you've been quoted for a mid-range or top-end hotel room.

Bargaining is a part of life in Egypt and virtually everything is open to negotiation. This includes your room for the night, your lunchtime roadside snack and the felucca you ride down the Nile in. The few rules to observe in the bazars are these: never offer a price that you're not prepared to pay, get a feel for the real price before you begin haggling, take your time and enjoy the friendly sport of it (which might include a cup of tea from the vendor), and remember that you're never obliged to buy anything - you won't offend anyone.

Egypt's climate is hot and dry most of the year. During the winter months - December, January and February - average daily temperatures stay up around 20 degrees Celsius (68 degrees Fahrenheit) on the Mediterranean coast and a pleasant 26 degrees Celsius (80 degrees Fahrenheit) in Aswan. Maximum temperatures get to 31 degrees Celsius (88 degrees Fahrenheit) and 50 degrees Celsius (122 degrees Fahrenheit) respectively. Winter nights only get down to 8 degrees Celsius, a very Egyptian version of chilly. Alexandria receives the most rain with 19 cm each year, while Aswan is almost bone-dry with just 2 mm annually. Between March and April the khamsin blows in from the Western Desert at up to 150 km per hour.

  Best time to visit Egypt

When to go to Egypt will depend a lot on where you want to go. You'll find wandering around Upper Egypt and Luxor uncomfortably hot in the summer months (June to August) and winter is definitely the best time to be in these areas. Summer is also the time when the Mediterranean coast is at its most crowded. However, winter in Cairo can get pretty cool, so spring and autumn are the best times to be there. Ideally, mid-March to mid-April would be the best time to come to enjoy the warm days without the crush of bodies on the beaches and the midday heat of high summer.

 

 

Travel Facts

  Visas:     

  


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Costs guide

 

 

 

All visitors to Egypt are required to have a visa, except for citizens of Malta and Arab countries

None
2 hours ahead of 
GMT/UTC 
 
220V, 50 Hz
Metric
Approx 3 million visitors per year
Egyptian Pound (EGP)
  • Budget meal: US$3
  • Restaurant meal: US$7
  • Budget bed: US$4
  • Hotel ***: US$37 (double)

    Egypt is terrific value.
    It is possible to spend as little as US$10-15 a day
 
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