Latest Developments in Lebanon and Egypt

In a statement from our source, the Traffic Management Center in Lebanon disclosed recent road accident statistics, while Egypt’s Prime Minister addressed a pressing matter concerning their shipping ports.

Lebanon Records Road Accidents

Information from our local source reveals that Lebanon faced a tragic 24 hours, with one fatality and 18 injuries reported from a spate of road accidents. According to the Traffic Management Center, the casualties resulted from 12 separate incidents across the country.

Egypt Responds to Economic Measures

Meanwhile, in Egypt, Prime Minister Moustafa Madbouli has put measures into place responding to the recent boost in the country’s dollar resources. Notably, according to our source, a notable portion of this increase resulted from the Ras El Hekma deal that the nation brokered with the United Arab Emirates, among other agreements.

Immediate Release of Goods From Ports

As per these measures, Prime Minister Madbouli has commanded the swift release of goods from all Egyptian ports. The primary focus being on foodstuffs and medicines. This decree comes as part of the economic measures responding to the increased dollar resources.

Meeting With Finance Minister

The notice was provided during a meeting which assembled Finance Minister Mohamed Maeet and high-ranking officials from the Central Bank of Egypt. In addition, our source highlights that the Prime Minister used this opportunity to also underscore the persistent state reform efforts being geared towards fortifying the industrial sector and amplifying exports.