Prime Minister (PM) Dr. Mostafa Madbouly announced the discovery of a new oil field, "Fayoum 5", which has shown promising indications of both oil and gas reserves.
He emphasized that Egypt's foreign currency resources are now balanced with its expenditures, highlighting positive economic indicators.
PM also added that the Purchasing Managers' Index (PMI) has exceeded 50 points, while foreign exchange reserves have risen to $47.4 billion.
He further reassured that all essential goods are available in the market.
Moreove, he also stated that Ain Sokhna Economic Zone has witnessed significant growth, with the number of factories increasing from 65 to 130, marking a major industrial expansion in the region.
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