Maggie Ballard
|
|
|
The Oil and Natural Gas of Egypt
The natural resources of Egypt mainly refer to the oil and gas of Egypt. The oil reserves of Egypt draw huge annual revenues from its export profits. The newly discovered oilfields in the Mediterranean seabed have opened up fresh opportunities for reviving the country's oil export business. The 3.7 million barrel reserve that Egypt previously possessed, now have more than doubled the reserve figures. The markets of Turkey and Israel are the chief targets of Egypt. Minerals and Other Natural Resources of Egypt There are of course other natural resources as well. These include iron ore, phosphate, limestone, manganese,talc, zinc, asbestos and gypsum. However, the analysis of the Egyptian natural resources would remain incomplete without the consideration of those resources, which had been bringing prosperity to the land of Egypt in the ancient times of Pharoic domination.
Economy Economic growth in Egypt has been held back by a severely limited amount of arable land (less than 5% of the total area) as well as a large and rapidly growing population. After 1945, a large proportion of funds and energy were devoted to preparing the country for warfare with Israel and later to rebuilding after the destruction incurred in the Arab-Israeli Wars. The country's industrial base increased considerably in the 20th cent., especially after 1952. The state owns much of the economy and plays a decisive role in its planning; however, in recent years Egypt has moved toward a more decentralized, market-oriented economy, and there has been an increase in foreign investment. The country's farmland is intensively cultivated (usually two, and sometimes three, crops are produced annually) and yields-per-acre are extremely high. Control of the Nile waters by the Aswan High Dam brought considerable additional land into cultivation, but the needs of the growing population have prevented the accumulation of significant agricultural surpluses. Most farms in Egypt are small and labor-intensive. Nonetheless, about a third of Egypt's workers are employed in farming. The principal crop is cotton; rice, corn, wheat, beans, tomatoes, sugarcane, citrus fruit, and dates are also produced. Cattle, water buffalo, sheep, goats, and donkeys are raised, and there is a fishing industry. Petroleum and natural gas (found mainly in the Gulf of Suez) are produced; the principal minerals are iron ore, phosphates, salt, manganese, limestone, gypsum, and gold. Cairo and Alexandria are the main industrial centers; major manufacturing plants are also located in the other cities of the Nile valley and delta and at Port Said and Suez. The leading manufactures are refined petroleum, textiles, chemicals, pharmaceuticals, hydrocarbons, construction materials, and metals. Food processing and tourism are also important industries, and navigation transit fees from the Suez Canal are another important source of foreign exchange. The country's rail and road networks are largely found along the Mediterranean coast and in the Nile valley. The principal exports are crude and refined petroleum, cotton, textiles, metal products, and chemicals. Leading imports include machinery and equipment, foodstuffs, chemicals, wood products, fuels, and consumer goods. The chief trade partners are the United States, Italy, Germany, France, and Saudi Arabia. Since the 1970s billions of dollars in economic aid have poured into Egypt from the United States, Arab neighbors, and European nations. However, the country's inefficient state-run industries, its bloated public sector, and its large military investments resulted in inflation, unemployment, a severe trade deficit, and heavy public debt. A series of economic and fiscal reforms undertaken in the 1990s, with support from the International Monetary Fund, appear to be having a positive effect on the country's overall economy. Read more: Egypt: Economy http://www.infoplease.com/encyclopedia/world/egypt-economy.html#ixzz3YAJq5BSc |
The culture and custom of Egypt is truly cosmopolitan as it is the perfect fusion of so many culture and tradition available here. Here the tradition introduced by Pharaohs is prevalent as well as the tribal culture and tradition and even the customs of invaders are somehow seen present a midst modern Egypt culture and outlook of the citizens. The culture and tradition of Egypt is like a melting pot where multiple culture and ethnic tradition have created a new concept of living hale and hearty and a mentality that embraces new and advanced for creating a liberal ambiance around. This liberal attitude is being displayed in Egyptians friendly behavior toward the foreigners and tourists. If asked, people of Egypt will always share their service and enthusiasm with the people whom hardly they know. In Egypt, besides it excellent travel attractions and cultural ambiance, the smiling faces of the locales are an added charm. All these sweet fragments are the best part of visit to Egypt program, which will remain with you as a memory forever. The Egypt culture immense the traditions, languages, history & civilizations at ancient places.
The populace of Egypt is quite high in number, it is about 71 million. Out of them the majority of populace is of Sunni Islam and they are more or less 62 millions in number. Out of the rest 8-9 millions are Coptic Christians. Regardless Sunni or cop both the classes are religion sensitive and adhere to respective religious rules and customs. In Egypt, family integrity matters a lot and head of the family takes the entire responsibility to run the family in proper manner and with great focus on behavior. The family integrity of the Egyptians is at sharp contrast to the nuclear family concept in West. Here people put special respect for family value and family relation. Perhaps this is one of the reasons, traveling in City of Egypt is safer than any other top global destinations, even for women traveling alone. The life style of Arabs is often different and often found enveloped with some mysterious facts. As a result people often find these people mystic and sometime off beat. But in reality these people are truly friend in heart, they love people and greet people with best hospitality. They often like to call people at their home. However, if someone expresses disrespect and unfriendly gesture, these people take it as an insult and they become aggressive. Check here Some useful Arabic words . The rules and regulation common in Egypt may seem quite a bit different, which can make people outsiders at Egypt at times confused. In order to understand the air of Egypt, you need to learn their culture, customs, and family values. Once you will be able to understand and respect their values, traveling in Egypt will be an added fun and bunch of excitement. Commonly, Egyptians are quite adjustable in nature and they love to help people. If you ask them any question, they will answer it happily. One most interesting thing is whenever you will ask something to an Egyptian, he will call some other people to discuss about the question and will try the best to offer you the correct answer of the question asked. Most of the Muslims in Egypt are not accustomed to drink alcohol, but hardly have they had any objection in others boozing. But it is important that if you drink alcohol while in Egypt, you should have it in moderation. In Egypt consumption of pork is not that common but the places where pork is available people can have plenty of other options. |
This video is a brief documentary showing the history of Egypt.
This video explains the most popular tourism sights in the country's Capital.