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Egypt will close the door on any final offers to buy shares of the National Company for the Sale and Distribution of Petroleum Products (Wataniya) within 48 hours, Egyptian Minister of Planning Hala al-Saeed announced.
Egyptian Minister of Planning Hala al-Saeed asserted that the Planning Ministry is responsible for Egypt Vision 2030 which is the national edition of the sustainable development agenda.
The Egyptian economy is standing on its feet and is capable of facing external shocks and global challenges, announced Egypt’s finance minister Mohammed Maait. The Egyptian economy will overcome the global crisis, just as it overcame previous challenges, said the Minister, adding that Egypt is entering the new fiscal year with an ambitious budget that is more stimulating to growth, production, and economic recovery.
RIYADH: Egypt and Qatar are exploring opportunities to set up a joint investment fund, according to Egypt’s Minister of Planning Hala El-Said. El-Said’s speech came on the sidelines of Egyptian Prime Mostafa Madbouly’s official visit to Qatar to bolster bilateral cooperation in several fields. Egypt’s $400 billion economy is under increasing pressure from the shocks caused by
As a condition of its $3 billion loan from the IMF, the Egyptian Central Bank confirmed its pledge to maintain a durably flexible exchange rate. The Egyptian pound quickly and sharply dropped, but economists are cautiously optimistic that Egypt can sustain the current crisis and repay its debts. The government is walking a tight rope, attempting to raise revenues and attract investments without exacerbating the tough living conditions at home.