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Egypt takes economic action to counter coronavirus effects

The Egyptian government announced a series of widely welcomed economic measures to help protect the industrial sector against the negative repercussions of the coronavirus.
A member of medical team is seen beside a banner for the Egyptian President Abdel Fattah el-Sisi, as he sprays disinfectant as a precautionary move amid concerns over the coronavirus disease (COVID-19) outbreak at the underground Al Shohadaa "Martyrs" metro station in Cairo, Egypt March 22, 2020. REUTERS/Mohamed Abd El Ghany - RC23PF95EE3P

Egypt is implementing a raft of measures to boost the industries and businesses expected to be hit hardest by the COVID-19 pandemic.

On March 17, Prime Minister Mustafa Madbouly announced the government has taken steps to support the industrial sector and deal with the expected economic repercussions of the spread of the novel coronavirus.

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