He pointed out that the current crisis is similar to the period of the global crisis in 2008, pointing out that increasing the supply side is a good solution to deal with that crisis.
In the following lines, ET sheds light on the most important world events that took place on February 14.
Chief of Staff of the Armed Forces Lieutenant General Mohamed Farid inspected on Saturday the measures to raise the combat efficiency of a unit of the southern military area.
The exercise, which lasted for several days in Sudan, came with the participation of personnel from the ground, naval, air and air defense forces, in addition to the special Thunderbolt forces and Airborne Corps from the two countries
Farid made a visit to the permanent operations center in Arish city and listened to a detailed explanation of the plans and the decisions the army and police personnel are carrying out to uproot terrorism and preserve stability in North Sinai.
The leaders included Defense Minister Mohamed Zaki, Chief of Staff of the Armed Forces Mohamed Farid, heads of the army’s main branches as well as other key commanders, officers, non-commissioned officers and soldiers.
The Egyptian-Burundian cooperation protocol enables the two armies to exchange expertise and reflects the consensus in the visions of the two countries’ armies toward the issues of mutual concern, a statement by the Egyptian army spokesman said.
The project was carried out by a unit of the western military region, within the framework of a combat training plan for the formations and units of the armed forces.
Chief-of-Staff of the Armed Forces Lt. Gen. Mohamed Farid attended Wednesday the main stage of a joint military drill dubbed "Saif Al Arab," - "Sword of Arabs".
Special forces from both countries are also taking part in the exercise.
He said that global and oil market declines are normal due to the current crises and the global panic of the coronavirus.
In a seminar held at the headquarters of Business Today Egypt in Cairo, Farid started with a presentation on the stock exchange management efforts to develop the market in coordination with all parties.
"Offering state-owned companies is one of the most important steps that countries take to revitalize the stock market,"Farid stated.
Farid added during Egypt’s Economic Summit that Economic reform is a method and not a goal, Farid
This came during the session “Investing in financial instruments”, held within the activities of the second day of “Egypt Can” conference.
Chairman of EGX clarified Monday that increasing the competitiveness of the Egyptian market is an important tool to attract foreign and domestic investments to the Egyptian economy.
President Abdel Fattah al-Sisi met on Wednesday with Minister of Defense Mohamed Zaki.
The prime minister held a meeting to boost the Egyptian stock market's role as a sustainable factor in the social and economic development plan.
The Egyptian Exchange played a role in attracting foreign investments to Egypt by 0.04 percent despite the slowdown in the global economy during 2018, Nasr said.
Farid said that three private firms expressed their desire to enter the market, noting that the procedures of the offering have started.