24 Hrs
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Salah Diab Backs Pound Float
Engineer Salah Diab supported the decision to float the pound, considering that Egypt's economic situation forced the government to take this measure. He explained that the state is heavily involved in activities such as food trading, which boosts its profits and diminishes investors' ability to compete, while also encouraging a sense of security among local investors to attract foreigners. Diab also suggested increasing reliance on drip irrigation instead of flood irrigation to conserve water, praising the vision to boost agricultural exports.
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