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Venice, the capital of northern Italy’s Veneto region, is built on more than 100 small islands in a lagoon in the Adriatic Sea. It has no roads, just canals – including the Grand Canal thoroughfare – lined with Renaissance and Gothic palaces. The central square, Piazza San Marco, contains St. Mark’s Basilica, which is tiled with Byzantine mosaics, and the Campanile bell tower offering views of the city’s red roofs.The bottom line is that if you treat imbalances balance of payments in Egypt spent working to reduce imports, this does not matter to him to happen without approach this issue through manufacturing policy, and not only on the processed items of monetary policy by the Central used to achieve a financial goal is purely, regardless of their economic repercussions. And associated manufacturing policy, of course, the files of several as policies of energy and policies of vocational training and education, which in turn depend on spending the state on social services such as health and education, that is, quite simply, the manufacturing policy is the core of development strategies in any developing country like Egypt, and should be well on the issue of reducing demand for the currency difficult in the long run. Global oil prices severely decreased between July 2014 and January 2015 of $ 110 a barrel to $ 50, and prices recovered never, Prices are expected to experience a decline in the short term with the global decline in demand and the existence of a surplus in supply, according to a study published by the International Monetary Fund in October 2015, the price of oil will not reach 2014 levels in the medium term, and that the average price per barrel will rise modestly to $ 63 in 2020. So how will this affect the decline in world oil prices on the Egyptian economy and the chances of recovery? *** Since the first oil shock during the October 1973 war, and was associated with the Egyptian economy cycles of royalty oil, whether that Egypt is a net source of Petroleum «until 2006» or through remittances who usually focuses mainly in the Arab Gulf oil-exporting countries, as well as aid and shipments of oil and gas natural that Arthnt regional conditions troubled since the second Gulf war and the conflict to determine the course of domestic politics in Egypt after the January 2011 revolution, a period which has seen an influx unprecedented aid Gulf since December 2012, starting from Qatar and the UAE, Saudi Arabia, after the overthrow of the Brotherhood system Muslims in July 2013. This is not the first time that the region is experiencing a decline in oil prices, this has happened several times, and continued for years. In 1986 global oil prices collapsed, and continued to decline throughout the nineties, rose modestly after the invasion of Iraq in 2003 and has seen an unprecedented rise in history since 2008, when it exceeded the price of a barrel of Brent crude for the first time hundred-dollar threshold, to begin the process of dollar inflows is the largest in the history of the countries of the Gulf oil exporters between 2008 and 2014 enabled the formation of very large cash reserves.