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It’s time to deepen Arab economic cooperation: Finance Minister

It has become very difficult for emerging countries to obtain financing from international markets: Maait.
27.11.22 | Source: Daily News Egypt

Mohamed Maait, Minister of Finance, has said that the access to finance in international markets has become very difficult for emerging economies, pointing out that the strong historical ties between the Arab countries push for the development of regional economic cooperation.

He stressed that it is time to deepen Arab economic partnerships and achieve integration between the Arab brothers, so that we all have the ability to overcome the current global challenges.

Maait said that the challenges are intertwined with the consequences of the Coronavirus pandemic with the repercussions of the war in Europe, including a very sharp inflationary wave that raised the prices of basic commodities, energy and the cost of financing.

In his meeting with the head of the Omani Muscat Stock Exchange, in the presence of Ramy Al-Dakani, the head of the Egyptian Exchange, the Minister of Finance said that Egypt opens its doors to the Arab brothers with a more attractive climate for investment based on a strong infrastructure network capable of accommodating production and development expansions.