2018 World’s Richest Arab League Countries

Egypt

Egypt is a desert on both the east and west, but the Nile River Valley is rich and forms the heart of this Arab country. The Nile River Valley is also one of the greatest and earliest civilizations in the world. The location of this country at the northeast corner of the African continent and bordering the Mediterranean Sea made it an important trading and cultural center. However, the area made it a prize that the empires had to claim and placed it at the center of religious and social movements.

In the year 2014, the voters approved the new constitution, which is the most recent of many versions since modern-day Egypt came into being in the 1920s. The law was a result of an upheaval that roiled the country and some other Arab nations that sought to bring authoritarian rule to an end. The year 2014 law upheld Egypt as a republic with the state religion as Islam and Arabic as the official language. The country has legislative, executive and judicial federal government branches.

credit: Wikipedia
Most of the economic activities take place along the River Nile Valley, where the arable land of the country resides. Manufacturing, tourism, and agriculture are the other vital industries in the country. The political and social uncertainties have negatively affected the economy of the country and slowed down foreign investment and industries like tourism. The EgyptAir passenger jet fatal crash in the year 2016 rattled the fragile public relations of the country further.

Even though the government has improved the living conditions of the citizens, a larger population is living with poverty, illiteracy, income disparity and unemployment. Crime and violence against women are vital issues. On November 2017, over 300 people perished after a militant group attacked a mosque within the Sinai Peninsula. The GDP per capita of Egypt stands at $2,412.73.