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Could Cairo be a Financial Haven for Expatriates?

August 16, 2015
Egyptian LE 100 bills

There was once a time in Egypt when a 100 Egyptian pounds was a fortune to be reckoned with. But times have changed and now, many Egyptians living in the capital complain about living costs and how expensive certain products can be. However, a new report shows that for expatriates, Cairo could be a financial haven. It might surprise many Cairenes that a recent report by Expatistan, a website that calculates cost of living in cities around the world for expatriates, has ranked their city the 180th among 202 cities in the world ranked according to their global cost of living index as of July 2015. Only 22 ranks away from being the cheapest city for expatriates to live in, the capital ranked low with costs of food, housing, entertainment, personal care, and even lower with transportation, the category in which it took the 192nd place. Maryanne Gabbani, an American and Canadian expat who has been living in Egypt for 30 years, most of which were in Cairo, said the report got it right for the most part but had a few inaccuracies. When it comes to the cost of…


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