Egypt: Economic Group Discusses Development of Mineral Wealth

The Economic group, headed by Prime Minister Hazem El Biblawy, held its weekly meeting on Monday 9/12/2013.

The meeting was attended by Deputy Prime Minister and Minister of International Cooperation Ziad Bahaa El-Din, governor of the Central Bank, the ministers of agriculture, trade, industry, social solidarity, investment , financial, housing, and supply and oil.

During the meeting, the minister of petroleum presented a report on the ministry's efforts to develop the mineral wealth.

The meeting discussed a number of topics related to economic performance, the government's efforts to control the budget deficit and the current procedures for applying the minimum wage, as well as, the progress that has been at the level of implementing the emergency plan to stimulate the economy.

The meeting reviewed the positive results of the Egyptian-Gulf Investment Forum, which was held in Cairo.

The meeting also reviewed the procedures carried out by the Central Bank to maintain the stability of the foreign exchange market in addition to the efforts made by the Ministry of Supply to control the markets and to provide the basic commodities to citizens at affordable prices.

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