15-place improvement for Egypt on Global Competitiveness Index: Egypt ranks 100th out of 137 countries on the World Economic Forum (WEF)’s Global Competitiveness Index (GCI), an improvement from last year’s report that had it in 115th place. The most problematic factors for doing business in Egypt continue to be policy instability, inflation, corruption, government bureaucracy, and inadequately educated workforce. Most of the underlying indices making up Egypt’s GCI reading show an upward trajectory. An exception to that is the macroeconomic environment, which trended downwards because of a severe drop in gross national savings to GDP as well as inflation. Digging through the indicators, we find the drop in the trend of the availability of scientists and engineers a concern. On the flipside, public institutions and infrastructure development are showing clear improvement. Compared to MENA, Egypt has a significantly larger market size, but is far below the region’s average in terms of technological readiness and the macroeconomic environment. You can browse the entire GCI here, or download the Egypt report (pdf).