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The economy of Egypt is the second-largest economy in Africa, and 39th in worldwide ranking as of 2024. Egypt is a major emerging market economy and a member of the African Union, BRICS, and a signatory to the African Continental Free Trade Area (AfCFTA). The country is witnessing a period of economic recovery after facing serious financial ...
] Lebanon's economy is being rebuilt, especially by the remarkable growth of its industry (including cement) and services sector which presents more than 70% of the country's economy. Beirut is regaining its place as a financial center of the Middle East with foreign investment returning in all sectors, encouraged by steady growth. [46]
Location of Egypt. Egypt is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.Egypt's economy depends mainly on agriculture, media, petroleum imports, natural gas, and tourism; there are also more than three million Egyptians working abroad, mainly in Saudi Arabia, the Persian Gulf and Europe.
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U.S. President Joe Biden's administration will divert $95 million in military aid allocated for Egypt to Lebanon, which faces threats from Hezbollah and other non-state actors and is enforcing a ...
The Israel Defense Forces said Tuesday that at least 200 projectiles were fired by Hezbollah from Lebanon into Israel since Monday night.-ABC News' Jordana Miller and Joe Simonetti
Lebanon has a strong tradition of laissez-faire, with the country's constitution stating that "the economic system is free and ensures private initiative and the right to private property". The major economic sectors include metal products, banking, agriculture, chemicals, and transport equipment. The main growth sectors include banking and ...
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