According to the World Bank, Egypt came first in implementing reforms that would ease doing business in their markets. Here is the summary from Doingbusiness.org.
This confirms what I believed in all along, that Egypt has the most competent governement it had for the last 60 years or so. All the macro economic indicators are significantly positive, however, population growth, and external factors (wheat prices for example) are preventing the majority of the population from feeling the effects of this super performance.
"..Egypt, the top reformer in the region and worldwide, greatly improved its position in the global rankings on the ease of doing business. Its reforms went deep. Egypt cut the minimum capital required to start a business, from 50,000 Egyptian pounds to just 1,000 and halved the time and cost of start-up. It reduced fees for registering property from 3 percent of the property value to a low, fixed amount. It eased the bureaucracy that builders face in getting construction permits. It launched new one-stop shops for traders at Egyptian ports, cutting the time to import by seven days and the time to export by five. And it established a new private credit bureau that will soon be making it easier for borrowers to get credit."