Egyptian firms plot return to Libya as rebuilding efforts begin

Philippines News News

Egyptian firms plot return to Libya as rebuilding efforts begin
Philippines Latest News,Philippines Headlines
  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 86%

Signs of Libya's economic recovery are emerging, but peace remains fragile.

Egyptian firms are eyeing a revival of business in Libya where a new government is starting work to rebuild the nation on Egypt's doorstep that was shattered by a decade of fighting and chaos.

Egyptian food products are already widely available in Libyan shops, with exports of $55 million in the first quarter. Before 2011, a quarter of Libyan construction material imports came from Egypt, said Walid Gamal el-Din, president of Egypt's construction materials export council, a level he said Egypt could expect to regain as the Libyan market revives.

Libya is already Egypt's top export market in Africa for building insulation materials and its second biggest market for marble exports, said Kamal Al Desouki in the construction materials department at the Federation of Egyptian Industries.Signs of Libya's economic recovery are emerging. Exports of Egyptian engineered products, such as household appliances, rose 45% to $19.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

rapplerdotcom /  🏆 4. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

With G7 summit the first stop, Biden embarks on 8-day trip to EuropeWith G7 summit the first stop, Biden embarks on 8-day trip to EuropeU.S. President Joe Biden departs for Britain on Wednesday on his first trip abroad since taking office, an eight-day mission to rebuild trans-Atlantic ties strained during the Trump era and to reframe relations with Russia. | Reuters
Read more »

LTFRB tells bus firms: Pay your conductors' salaries, or elseLTFRB tells bus firms: Pay your conductors' salaries, or else
Read more »

Philippine Independence Day celebrations begin at SM Malls in CebuPhilippine Independence Day celebrations begin at SM Malls in CebuOne of the most important milestones in Philippine history is the declaration of our independence as a nation. It is the time to celebrate our heroes. And there are many modern-day heroes – the
Read more »

Major websites worldwide suffer widespread internet outage due to technical issueMajor websites worldwide suffer widespread internet outage due to technical issueWASHINGTON, United States (Xinhua) -- Lots of websites and apps around the world went down for about an hour Tuesday morning after Fastly, an American cloud computing services firm, suffered a technical issue.
Read more »



Render Time: 2025-03-23 14:40:07