Egypt in talks with Qatar over $3bln of investments: Finance Minister - News Summed Up

Egypt in talks with Qatar over $3bln of investments: Finance Minister


Egypt is currently negotiating with Qatar on new investments ranging between $2bn-3bn, Minister of Finance Mohamed Maait announced on Monday. The minister also expected that the remittances of Egyptians abroad will reach about $31bn-32bn by the end of the current FY. Maait added during the annual meeting of the American Chamber of Commerce in Cairo that Egypt exported petroleum products at a value of about $5.9bn in the first half (1H) of the year, while its imports reached $7.9bn, bringing the net value of importing petroleum products to $2bn. Regarding non-oil commodity imports and exports, the minister said that Egypt imported non-oil commodities worth $34bn, and it exported $21bn-worth of goods. He also pointed out that exports of chemicals, building materials, and petroleum materials achieved significant growth over the past months.


Source: Daily News Egypt June 28, 2022 12:12 UTC



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