#WorldofAfrica | #Egypt's economy has been under severe pressure since last year, with problems such as the Egyptian pound tumbling, soaring inflation and now another problem has arisen, The country is facing rapid growth in population making it a social timebomb. Alyson le tells you more Watch more: wionews.com/videos | WION
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#WorldofAfrica | #Egypt's economy has been under severe pressure since last year, with problems such as the Egyptian pound tumbling, soaring inflation and now another problem has arisen, The country is facing rapid growth in population making it a social timebomb. Alyson le tells you more Watch more: wionews.com/videos | WION
659 viewsSep 12, 2023
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The oil and gas sector serves as a cornerstone of Egypt’s economy, contributing 7.6% of GDP while driving growth and attracting substantial foreign direct investment (FDI). Nonetheless, key challenges persist, including the fiscal burden of fuel subsidies, a growing dependence on imports, and declining export volumes. Through strategic investments and ongoing subsidy reforms, Egypt is laying the foundation for a more resilient and sustainable energy future. Learn more about The Role of Oil & Gas
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