An economic study by HSBC Bank concluded that Egypt is the worst place to host expatriate workers. The Washington Post published the study’s results, indicating that Egypt, which ranked last, suffers from a growing phobia against foreigners since the military coup that ousted elected President Mohammed Morsi, and which launched a fiercely nationalistic popular movement.
The study surveyed expatriate workers in 34 countries including China and Thailand regarding economic opportunities and quality of life. According to the results, small and rich countries known for their globalized economies, such as the Cayman Islands, Singapore and Australia, ranked best for hosting foreign expats while Western European countries with a high cost of living like France, Spain, the United Kingdom and Italy ranked less favourable. Egypt ranked last, in 34th place.