Egypt’s Prime Minister, Dr. Mostafa Madbouly, announced the discovery of the “Fayoum 5” oil field, revealing promising oil and gas reserves.
He highlighted that Egypt’s foreign currency resources now align with its expenditures, reflecting positive economic trends.
Madbouly also reported that the Purchasing Managers’ Index (PMI) has surpassed 50 points, while foreign exchange reserves have climbed to $47.4 billion.
Reassuring the public, he confirmed that all essential goods remain readily available in the market.
Additionally, he noted the rapid growth of the Ain Sokhna Economic Zone, where the number of factories has doubled from 65 to 130, driving major industrial expansion in the region.
Source:see.news
