THE FIRST HALF of 2002 has not been a bad one for the Egyptian economy. The vital tourism sector has bounced back after a nervous end to 2001, the Egyptian pound has stayed stable at 4.6 to the US dollar, and pharmaceutical and food sales have remained steady.
In July 2002, construction tenders were issued for the long-awaited gas export pipeline between Egypt and Jordan as well the liquid natural gas (LNG) plant being built by Union Fenosa at Damietta on Egypt’s Mediterranean coast.
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