Dr. Mustafa Madbouly, the Prime Minister, said that there is a new petroleum discovery “Fayoum 5”, and signs of exploration of oil and gas appeared, explaining that our resources of hard currency are equivalent to our expenses, stressing that there are positive numbers and indicators in the Egyptian economy, the indicator of the purchasing directors of more than 50 points, along with the rise in foreign exchange reserves 47.4 billion dollars, along with the availability of all goods.
The Prime Minister said in a press conference, that the economic area in Ain Sukhna had 130 factories after it had 65 factories, which is a major boom in the economic zone in Ain Sukhna.
Dr. Mustafa Madbouly, the Prime Minister, spoke that the extraordinary Arab summit held in the new administrative capital yesterday, and was chaired by President Abdel Fattah El -Sisi.
Dr. Mustafa Madbouly pointed out that the summit witnessed an extensive discussion between the Arab leaders on ways to support the Palestinian issue, confirming their absolute rejection of the displacement of the Palestinians from their lands, and striving for the stability of the Arab position regarding the establishment of an independent Palestinian state on the borders of June 4, 1967.
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He continued in a press conference at the headquarters of the Council of Ministers, that the Gaza reconstruction plan came out compatible with it, and the president’s speech at the Arab summit “historical” and confirms the constants of the Egyptian position.
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