Egypt unveils new economic roadmap
Egypt’s cabinet approved on Wednesday an additional 22.3 billion Egyptian pounds ($3.2 billion) in spending on investment projects to boost the economy over the coming 10 months, Deputy Prime Minister Ziad Bahaa El Din said.
He said the government would present its economic programme to Gulf Arab countries, in particular the United Arab Emirates, which has already agreed to finance medical projects and 10 wheat silos.
The army-backed interim government is keen to improve conditions for a deeply polarised population battered by more than two years of political and economic turmoil.
- Is corruption becoming a systemic practice in Turkey?
- Opportunities and challenges for investing in Egypt's renewable energy sector
- Egypt's financial aid: where does it come from and where does it go to?
- Dual citizenship: double the opportunities or challenges?
- The Middle East's entire 'Wasta' culture needs to go down the drain