The project aims to manufacture, maintain, and export marine yachts at a global level comparable to European and international standards
During the press conference, Madbouly stated that the dollar shifted to a commodity traded in the parallel market rather than a currency. This is why the Egyptian government and the Central Bank of Egypt (CBE) had to interfere to unify the exchange rate and stabilize the economy.
The released goods include food commodities, feed, medicines and production requirements
The World Bank and the European Union will provide soft loans to Egypt after signing the agreement with the IMF, according to Madbouly
The Central Bank of Egypt announced that the net international reserves (NIR) reached $35.310 billion at the end of February 2024
