Business Studies

TABLE OF CONTENT’s

Doing Business in Egypt | Egyptian Social and Business Culture 2

Overview 2

Egypt - Key Concepts and Values 3

Family – 3

Fatalism – 3

Egyptian Economy 3

Working in Egypt (Pre-departure) 4

Egyptian Business Etiquette (Do’s and Don’ts) 5

Culture 5

EGYPT

Doing Business in Egypt | Egyptian Social and Business Culture

An Egyptian Culture Overview

Fact File

o Official name – Arab Republic of Egypt

o Population – 83,082,869 *

o Official Language – Arabic (official), English and

French widely understood by educated classes

o Currency – Egyptian pound (EGP)

o Capital city – Cairo

o GDP – purchasing power parity $442.6 billion

o GDP Per Capita – purchasing power parity $5,400 *

Overview

One of the world’s earliest civilisations, Egypt has formed the crossroads of Arab culture for over millennia. Today, it continues to serve as a bridge between the European west and the Arab east, with its size and position establishing the country’s central role in the region. Egypt is now the most populous Arab country in the world and draws its culture from Mediterranean, African and Arab influences. The Egyptians take great pride in their heritage and varied culture that has developed into a modern unified society.

Egypt - Key Concepts and Values

Islam –Islam is practised by the majority of Egyptians and plays a vital role in all aspects of society. It is a critical component of Egyptian life that influences day-to-day conduct and affects decisions made on a personal, political, economic and legal level. In Egypt, truth and problem solving are often governed by faith and the interpretation of Islamic law. However, you may find that in a business context, empirical evidence is used more in an attempt to be objective.

Family –

Patronage, kinship and the family unit are central to Egyptian society. Family defines social status and can determine values and behaviour. In Egypt, the individual is subordinate to the family or...