Minister of Industry and Foreign Trade, Mounir Fkhry Abdel-Nour said that the current government does not seek to obtain a loan from the International Monetary Fund (IMF).
Abdel-Nour noted that the financial aid Egypt received from the Kingdom of Saudi Arabia, the United Arab Emirates and Kuwait in addition to our resource are capable to help Egypt overcoming its economic crisis.
The Minister pointed out that Egypt is currently facing a plot, which appears clearly through the terror acts and stances of some international media outlets against the government and democracy.
Minister Abdel-Nour said we have a problem with Turkey and Erdogan's speech has crosses all red lines, adding that the Turkish investments in Egypt reach 418 projects employing 52.000 workers. He added that the ministry is currently considering imposition of protective fees on imports of the Turkish steel.