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Tuesday, 18 December 2018

What we’re tracking on 18 December 2018

Did you miss the results yesterday of our 2019 Enterprise Reader Survey? Almost half of you have had a good year doing business in Egypt, while around 40% of you have had the opposite experience. Half you think that business conditions will improve next year, while the number of pessimists among you has more than doubled since last year — 16% expect conditions to deteriorate in 2019. Other highlights:

  • Fewer of you expect to beat your competition in the new year than thought you would come out on top when we asked the same question a year ago;
  • You’re being squeezed by inflation and high interest rates;
  • You’re also less optimistic about prospects for FDI inflows into your specific sectors;
  • You’re not as likely to invest as you were a year ago: Last December, the vast majority of you thought your companies would invest more in the following six months. Today, less than half of you are saying the same thing.
  • Fewer of you expect to be hiring in 2019 than thought their headcount would grow when we last surveyed you a year ago;
  • You’re hoping to keep wage growth under control in 2019 after two years of sharp pay hikes.

Tap here for our full breakdown of the results. Some readers found the images published yesterday morning too small — you can find a larger version suitable for printing here (pdf) or just skim through the graphs below

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.