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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.
All trading partners are considered important to the development of the Chinese economy, however the title of China's largest partners are ever-changing due to national and international policy changes. The expansion of the Chinese economy grew 6.8% the last quarter of 2017, equaling the growth of the prior 3 months exceeding expectations of 6.7%.
Chinese construction companies began making inroads in Egypt in the early 1980s, soon after the reform and opening up of China's economy; they were able to underbid local construction companies by importing labourers from China, despite high unemployment in Egypt. Chinese workers have a reputation for being skillful, diligent, and efficient.
The war in Ukraine has deepened Egypt’s economic woes. It sent the import-reliant nation's bill for wheat and oil soaring and with it the need for dollars, and crushed tourism from two of its ...
During the Suez War, on 3 November 1956, China supported Egypt's bid to take back control of the Suez Canal, 250,000 Chinese reportedly registered to serve as "volunteers" in Egypt. [14] In the aftermath of the Yom Kippur War, China provided Egypt with economic aid and food aid (100.000 tons of cereals) and military equipment. [15]
Egypt Today was first published in 1979. [2] It covers Egyptian current affairs and some international news. The magazine is published by IBA media, which also publishes Business Today Egypt, another monthly magazine. [3] [4] Both magazines are based in Cairo. [3]
[6] [7] Egypt's debt service from debt installments and interest amounted to about US$42.3 billion during 2024, its highest bill ever required to be paid in a single year, after external debt jumped to about US$165 billion and cash reserves did not exceed US$35.2 billion. [3] During the period from 2014 to 2024, Egypt's total external debt doubled.
China Today is a news program that focuses on news issues and current affairs around China. China Today 30 minute's episodes are broadcast on CCTV-9 at 22:00 China Standard Time ( UTC +8), or 14:00 UTC every day, and rebroadcasts twice at 01:00 and 07:00 UTC+8 the next morning, or 17:00 and 23:00 UTC.