Latest Updates of Egypt !
Veteran Egyptian actor Samir Sabry died on Friday after suffering a sudden health crisis. He was 86.
The timing of funeral prayers will be determined in an hour, said Actors’ Syndicate board member Mounir Makram.
Source: State Information Service Egypt
Trade Minister Nivine Gamea stressed the State’s keenness on maintaining and improving the 2021 positive indices of the industrial and exports sector.
During a plenary session with the heads of exports councils, she reviewed the ministry’s plan for boosting Egyptian exports.
She said Egypt’s exports rose by 20 percent in the first quarter of 2022 in comparison with the same period last year, noting that this proves the resilience of the Egyptian industry and products despite challenges.
She added that Prime Minister Moustafa Madbouli, during the international press conference that was held last week, stressed the importance of offering more facilities to boost industrial development and exports.
For their part, the heads and representatives for the exports councils hailed the measures that the ministry will adopt to serve the industrial and export community over the coming period.
They also presented a number of proposals for increasing Egyptian exports.
Source: State Information Service Egypt
Culture Minister Inas Abdel Dayem mourned the death of actor Samir Sabry, who passed away at the age of 86 on Friday, after suffering a sudden health crisis.
Enjoyed a wide-range of talents a multi-lingual and cultured person, Sabry was one of the creative greats and a success pillar to the artistic works he took part in, Abdel Dayem said.
She offered her condolences to the deceased family, friends, and fans, prayed to Allah Almighty to invoke mercy upon him.
Born in 1936 in Alexandria governorate, Sabry graduated from Victoria College, and he was an Egyptian singer, actor and entertainer, who presented, and produced several famous TV shows, radio programs, movies, and TV series.
Source: State Information Service Egypt
Egypt’s ambassador to India Wael Hamed discussed with Indian Joint Secretary of the Department of Commerce Srikar K. Reddy means to strengthen trade ties between Cairo and New Delhi.
Both sides reviewed the results of a recent visit paid by an Egyptian delegation to India on April 10-15, the Foreign Ministry said in a statement on its Facebook page on Friday.
The visit contributed to cementing trade cooperation between both countries, particularly in the field of importing and exporting agricultural products.
The meeting also shed light on the results of a visit paid on May 9-13 by a delegation, led by the Agricultural Specialist and Plant Quarantine Inspector at the Central Administration of Plant Quarantine of the Ministry of Agriculture, who traveled to India to resume technical studies required to import wheat from India.
The diplomat praised the approval of the Egyptian side to import Indian wheat, voicing keenness on enhancing such cooperation and getting the licenses required to import Indian wheat.
Source: State Information Service Egypt
Finance Minister Mohamed Maait said that his ministry continues to provide all support to the export sector, according to the presidential directives in this regard.
In his statement on Friday, Maait said the supporting efforts serve the goal of reaching 100-billion-dollar of exports, a move could improve the life quality and services provided to the people.
The minister pointed out that the Export Development Fund continues to repay the export rebates to the exporters to provide them with the liquidity, needed to sustain their businesses and meet their liabilities, despite the challenges witnessed by the global markets due to the supply chain disruptions and price hikes in commodities and shipping costs.
Arrears worth EGP 34 billion were repaid to more than 2,500 companies from the Export Development Fund as part of the initiative of repaying rebates to exports, launched in 2019, he added.
Source: State Information Service Egypt
Finance Minister Mohamed Maait said on Friday that industrial and agricultural investment top the presidential priorities to achieve food security for Egypt, noting the country is on the path to increasing local crops production, reducing dependency on imports, and enhancing exports.
Maait’s remarks came during his meeting with CEO of the Arab Bankers Association George Kanaan, Chairman of International at Bank of New York Mellon Corporation Hani Kablawi, Deputy Chairperson and Chief Executive Officer of HSBC Egypt Todd Wilcox, and BEBA Chairman Khaled Nosseir.
Maait pointed out that the Finance Ministry is ready for a new set of incentives for new and green industries, citing the IMF’s vision that Egypt’s economy can recover from the current crisis’s consequences.
The minister underlined that the talks on a new program with IMF are going well, expecting that the new program would last for three years without any burdens on the citizens.
He stressed the country’s keenness to increase the private sector’s participation to more than 50% of Egypt’s GDP within three years.
Source: State Information Service Egypt
Egypt’s ambassador in Brussels Badr Abdel Ati on Friday had a number of meetings with several members of the European Parliament (MEPs) and a Belgian lawmaker.
The diplomat met with MEPs Urmas Paet, Gilles Lebreton and Petar Vitanov and Belgian MP Andre Flahaut, the former defense minister, the Foreign Ministry said in a statement on its Facebook page on Friday.
Abdel Ati highlighted Egypt’s key regional role in reaching a peaceful settlement to conflicts and combating terrorism and illegal immigration.
He praised growing ties between Egypt and the European Union and Belgium in different fields, particularly after President Abdel Fattah El Sisi’s visit to Brussels in February.
He also lauded the role played by Belgian companies in implementing a number of large projects in Egypt in the infrastructure and the clean energy domains.
The ambassador also pointed out that the Ukrainian crisis has negative impacts on Egypt’s economy, especially in the domain of food security.
Source: State Information Service Egypt
Minister of Finance Mohamed Maait said the president has issued directives to maximize digitization efforts in conjunction with moving to the New Administrative Capital via expanding digital solutions in order to facilitate measures, stimulate investment and enhance governance.
The minister made remarks on Friday during his meeting with the representatives of PricewaterhouseCoopers International on the fringe of his participation in the meetings of the commercial mission in London.
Maait said the State is keen to transfer the distinguished international experiments in the fields of developing and mechanizing tax and customs systems and from the European expertise in particular in the area of addressing the tax challenges raised by the digital economy.
Work will be launched in the coming period to outline and announce the 2030 strategic vision for tax policies and administration with a view to encouraging business and investment climate in Egypt, he added.
Egypt was at the forefront of countries in Africa and the Middle East that applied e-bill system successfully, he noted.
Source: State Information Service Egypt