The president further urged the government to continue expanding telecom services nationwide, with a particular emphasis on improving connectivity and service quality.
This translates to nearly $7 billion in lost revenue due to ongoing disruptions in the Red Sea and Bab el-Mandeb
President Abdel Fattah El-Sisi announced a series of initiatives at the 11th Summit of the Developing Eight (D-8) Organization for Economic Cooperation to strengthen collaboration and promote economic growth among member states
The President noted the significant opportunities available in Egypt’s market, particularly in sectors such as energy—including traditional, renewable, and green energy—transport, infrastructure, industry, agriculture, and information and communications technology
The news comes within days of President Abdel Fattah El Sisi urging the government to reassess its agreement with IMF, stating, “If this challenge forces me to place unbearable pressure on the public, we must review the situation with the IMF.”
