Economics Archives | Egyptian Today

Ministry of Trade has coined an ambitious – and unrealistic – initiative

You would not believe what is one of the most valuable material we export to the World. It is sand. And despite it is abundant and cheap to get the export of sand is not doing any good for the economics of Egypt. It does not require skilled workforce, it does not produces added value. It is as simple as to dig it in one place and throw it to the other. Egyptian sand is vital for the glass industry, quite developed in the ARE. Weren’t it better to supply the sand to our glass companies to export glass instead of sending it raw?

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Egypt had achieved more than 25% surplus in electricity for recent years

Our country had achieved more than 25% surplus in electricity for recent years. Egypt has added 25,000 megawatts (MW) of new power stations to the national electricity grid during the period from June 2014 to June 2018, resulting in a 25 percent surplus of the capacity of electricity, said the Head of Administrative Control Authority Mohamed Erfan on Tuesday. This came in his speech during the inauguration of four national megaproject in the electricity sector.