Cairo crunch
Fast-rising fuel demand is a problem for a country relying increasingly on products imports
Egypt is going through a renaissance in oil-product demand. More than five years after a revolution that shattered its economy a growing and rapidly urbanising population now wants more fuel. Most of it has to come from abroad. The country's GDP growth averaged around 4% last year, according to the World Bank, but will rise to 5% a year until 2020, it says. Egypt's population is also soaring-it will reach 100m people within the next four years, compared with 82m in 2013.People are getting richer too. AT Kearney, a consultancy, expects the size of Egypt's middle class to expand rapidly, from 19% of the population last year to 34% by 2019. It's good news for exporters targeting the country, bu
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