Egypt suffering from US$40 billion gap between exports and imports: Engineering Export Council ...Egypt

EGYPT INDEPENDENT - Economy
Egypt suffering from US$40 billion gap between exports and imports: Engineering Export Council
source : EGYPT INDEPENDENT ( Egypt ) () 29
The head of the Egyptian Engineering Export Council (EEC) Sherif al-Sayyad announced Saturday that Egypt is suffering from a large gap between exports and imports, which is about double. In his interview with the talk show “Hadith al-Qahira” (Cairo Talk) on the “al-Qahira wal Nas” (Cairo and the People) channel, Sayyad explained that “there is a gap of up to US$ 40 billion that must be reduced by maximizing foreign exchange resources.” “We export goods worth $42 billion annually, including petroleum exports, while our imports amounted to US$ 75 to $80 billion annually,” he added. Sayyad added that this situation “will force us to evaluate the currency every four or five years,” noting that t

Hence then, the article about egypt suffering from us 40 billion gap between exports and imports engineering export council was published today ( ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Egypt suffering from US$40 billion gap between exports and imports: Engineering Export Council )

Apple Storegoogle play

Last updated :

Also on site :



Latest News

Oil Markets Brace for Impact as U.S., Israel Attack Iran

before 9 minute

Muscat Stock Exchange Index Rises for Fifth Consecutive Week

before 2 hours & 16 minute

Trump allies claim victory as the Ellisons expand their media empire

before 3 hours & 29 minute

Oil Markets Brace for Volatility As U.S.-Israel Launch Strikes Across Iran

before 7 hours & 5 minute

Anthropic Hits Back After US Military Labels It a 'Supply Chain Risk'

before 10 hours & 57 minute

How America’s Action in Venezuela Guaranteed Guyana’s Oil Future

before 14 hour & 34 minute

Globant Files Annual Report for 2025

before 15 hour & 4 minute

U.S. Crude Daily Average Production Falls in December as Bakken Leads Pullback

before 15 hour & 57 minute

Nephrology Associates Medical Group Notifies Patients of Data Security Incident

before 16 hour & 24 minute

Elong Power Holding Limited Announces Closing of US$7.0 Million Public Offering

before 16 hour & 48 minute

Trump Moves to Ban Anthropic From the US Government

before 17 hour

Rolls-Royce Doubles Down on Returns With Massive Buyback Plan

before 17 hour & 30 minute

PTC Will Participate in Upcoming Investor Conferences

before 17 hour & 35 minute

Senegal: Mali Eyes Atlantic Access Through $800m Senegal River Corridor

before 18 hour & 13 minute

Vuzix Schedules Conference Call to Discuss Fourth Quarter and Full Year 2025 Financial Results and Business Update

before 18 hour & 24 minute