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Diplomatic representation in the US:
chief of mission: Ambassador (designate) Sameh SHOUKRY chancery: 3521 International Court NW, Washington, DC 20008 telephone: [1] (202) 895-5400 FAX: [1] (202) 244-4319 consulate(s) general: Chicago, Houston, New York, San Francisco
Diplomatic representation from the US:
chief of mission: Ambassador Margaret SCOBEY embassy: 8 Kamal El Din Salah St., Garden City, Cairo mailing address: Unit 64900, Box 15, APO AE 09839-4900; 5 Tawfik Diab Street, Garden City, Cairo telephone: [20] (2) 2797-3300 FAX: [20] (2) 2797-3200
Flag description:
three equal horizontal bands of red (top), white, and black; the national emblem (a gold Eagle of Saladin facing the hoist side with a shield superimposed on its chest above a scroll bearing the name of the country in Arabic) centered in the white band; design is based on the Arab Liberation flag and similar to the flag of Syria, which has two green stars in the white band, Iraq, which has an Arabic inscription centered in the white band, and Yemen, which has a plain white band
Economy
Egypt
Economy - overview:
Occupying the northeast corner of the African continent, Egypt is bisected by the highly fertile Nile valley, where most economic activity takes place. In the last 30 years, the government has reformed the highly centralized economy it inherited from President Gamel Abdel NASSER. In 2005, Prime Minister Ahmed NAZIF's government reduced personal and corporate tax rates, reduced energy subsidies, and privatized several enterprises. The stock market boomed, and GDP grew about 5% per year in 2005-06, and topped 7% in 2007. Despite these achievements, the government has failed to raise living standards for the average Egyptian, and has had to continue providing subsidies for basic necessities. The subsidies have contributed to a sizeable budget deficit - roughly 7.5% of GDP in 2007 - and represent a significant drain on the economy. Foreign direct investment has increased significantly in the past two years, but the NAZIF government will need to continue its aggressive pursuit of reforms in order to sustain the spike in investment and growth and begin to improve economic conditions for the broader population. Egypt's export sectors - particularly natural gas - have bright prospects.