El Molla Meets with Middle East Institute Members

El Molla Meets with Middle East Institute Members

Egyptian Minister of Petroleum, Tarek El Molla, met with members of the Middle East Institute during his visit to the US to attend the CERAWeek, Egypt Oil & Gas reports.

The meeting was attended by head of US oil companies and organized by US Chamber of Commerce, the Egypt-US Business Council and the American Chamber of Commerce in Egypt.

The Egyptian government adapted a reform program to maintain economic balance and growth and to provide work opportunities, El Molla said in his speech, adding that Egypt’s foreign currency reserves reached around $44 billion by the end of February, recording the highest amount in the Egyptian history.

The country’s economic growth rate grew from 2% to 5.4% by the end of February, El Molla pointed out, adding that the foreign currency flow recorded $163.5 billion during the past four years.

Aiming for more growth, Egypt adopted Vision 2030 in order to reach a competitive variant economy that depends on innovation and knowledge, and is built on social justice.

Sarah Samir 2538 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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