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.
- Impetus from within: why the Arab World needs a very Arab 'Marshall Plan'
- 'Fiscal juggling': just how many economic priorities will Saudi Arabia's new King have to focus on?
- Despite Erdogan's 'harsh rhetoric', Turkish-Israeli is still booming
- UAE is best MidEast economy for attracting talent, index says
- The Arab Spring's success story: what will it take for Tunisia to unlock its full economic potential?