Egypt Cabinet Approves $3.2 Billion Economic Stimulus Plan

Egypt’s cabinet on Wednesday approved 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 program 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 …

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