Egypt

Economy

Main article: Economy of Egypt

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Egypt's economy depends mainly on agriculture, media, petroleum exports, and tourism; there are also more than 5 million Egyptians working abroad, mainly in Saudi Arabia, the Gulf area like UAE, and Europe. The United States as well has a large population of Egyptian immigrants.

Related Topics:
UAE - Europe - United States

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The completion of the Aswan High Dam in 1971 and the resultant Lake Nasser have altered the time-honored place of the Nile River in the agriculture and ecology of Egypt. A rapidly growing population (the largest in the Arab world), limited arable land, and dependence on the Nile all continue to overtax resources and stress society.

Related Topics:
Aswan High Dam - 1971 - Lake Nasser - Agriculture

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The government has struggled to ready the economy for the new millennium through economic reform and massive investment in communications and physical infrastructure, much financed from U.S. foreign aid (since 1979, an average of 2.2 billion dollars per year). Egypt is the third largest recipient of such funds from the United States following the Iraq war. Economic conditions are starting to improve considerably after a period of stagnation due to the adoption of more liberal economic policies by the government, as well as increased revenues from tourism and a booming stock market.

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