Egypt drops to 131st place in quality of business environment: World Bank

Egypt has ranked 131st among 188 countries when gauging positive factors encouraging local and foreign investors to start a business, according to a report by the World Bank’s International Finance Corporation.
Egypt’s current ranking is a drop from its 126th position in the 2015 outlook, according to Doing Business 2016, whose updated assessment methodology measures the favorability of a country’s business environment depending on an array of indicators, including the provision of construction permits, getting electricity, registering property, enforcing contracts and labor market regulation. The old methodology saw Egypt fall 19 slots from 112 in 2015.
Egypt, which is given a 54.43 score in the report, is preceded by United Arab Emirates (31st) and Saudi Arabia (82nd).

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