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The Egyptian state has succeeded in reducing the value of the import bill and increasing reliance on the local product during the last year.
Egypt Today reviews the details of the state’s plan to collect this amount during the coming years.
This initiative is part of the government's efforts to provide facilitation and achieve social stability for these individuals.
The minister shed light on steps for rallying efforts to implement a working plan that is capable of meeting the production needs through increasing oil resources from crude, gas and distilled products after the oil price rise in international markets, said a statement issued by the ministry.
On a monthly basis, Egypt's holdings of US Treasury bonds stabilized during November 2021 at $2.249 billion, unchanged from the previous October.
In a report Monday, it added that remittances from abroad reached 24.4 billion in 2020, representing 6.7 percent of GDP.
Hassan ElSharbatly explained that about $ 2 billion had been invested during the last 15 years of the company's work in Egypt, according to the government statement.
Egyptian banks’ balances abroad jumped during that period by up to 100 percent, equivalent to $10 billion, despite the repercussions of the coronavirus.
The fund will operate through its offices in Saudi Arabia, Bahrain, the Emirates and Egypt, according to a company press release.
Egypt's exports of building materials, refractory and metallurgy industries hit 1.5 billion dollars during the first quarter of 2020, recording an increase of 32.8 percent, compared with 1.15 billion dollars during the same period last year.
The Ministry of Education took action to control private and international schools' rising fees for this academic year.
Pummelled by political unrest and jihadist attacks, Egypt's tourism industry is slowly growing again.
U.S. President Donald Trump will call on Monday for his chief trade adviser to investigate China's intellectual property practice.
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