Day: September 9, 2022

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Sisi inspects development works on roads, axes in Greater Cairo

President Abdel Fattah El Sisi followed up on Friday with the ongoing construction works to develop new roads and axes in Greater Cairo, Presidential Spokesman Bassam Radi said.

During his inspection tour, Sisi was keen to refute what had been circulated about the demolition of tombs and historic sites during development works of Cairo’s southern roads.

According to Radi, Sisi asserted the importance of not being dragged to deliberate attempts by some sides to belittle tremendous efforts exerted by the State to reduce pollution and ease traffic congestion on one hand and preserving the country’s historic sites on the other hand.

Sisi inspected the work-in-progress of Yasser Farag and Samera Moussa Axes in addition to Mohamed Ezzat Adel Axis.

Source: State Information Service Egypt

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Irrigation Ministry’s projects aim to serve farmers – minister

Minister of Water Resources and Irrigation Hani Swailem said on Friday the Irrigation Ministry’s projects aim to meet all the agricultural sector’s needs to serve farmers.

Swailem’s remarks came during his inspection tour of irrigation projects in Sharkia governorate, accompanied by Governor Mamdouh Ghorab, Grand Mufti Shawki Allam, Supply Minister Ali Moselhi, MPs, and senators.

The minister met with a number of farmers and listened to their opinions, directing the governorate’s officials to follow up on the situation of bridges established on El Sababa canal.

Source: State Information Service Egypt

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Electricity Ministry, Siemens sign contract on improving energy efficiency at distribution companies

Electricity Minister Mohamed Shaker witnessed Thursday the signing of a contract between the Alexandria Electricity Distribution Company and Siemens for establishing a power distribution center western Alexandria and a control center, along with installing 300 thousand smart electricity meters.

The move comes as part of a project of improving energy efficiency at distribution companies, financed by the Japan International Cooperation Agency
(JICA).

The project aims at constructing four control centers on three phases, in addition to installing one million smart electricity meters in Alexandria, North of Cairo, and north Delta.

To be implemented on 30 months, the project comes at a cost 39 million euros, in addition to EGP 174.2 million.

It serves the country’s interest in enhancing the provided services to the people, reducing power waste and uncovering manipulation, Shaker said.

Source: State Information Service Egypt

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Military production minister, Egyptian ambassador to Kenya probe bilateral cooperation

Minister of State for Military Production Mohamed Salah El Din has discussed with Egyptian Ambassador to Kenya Wael Nasr Attia means of bolstering economic and investment relations between Cairo and Nairobi.

The meeting tackled technological, manufacturing and technical capabilities of Egypt’s military production companies and units.

It also touched on the military production ministry’s key role in meeting the Armed Forces’ demands and needs for ammunition, weapons and equipment.

The military production minister said his ministry aims to create opportunities for cooperation among African countries with a view to strengthening Egypt’s relations with African nations and making this cooperation an opportunity for providing military production products in all African markets.

Meanwhile, the ambassador affirmed his keenness on maintaining full coordination between the military production ministry and the Egyptian Embassy in Nairobi to support bilateral economic and trade relations, work on overcoming relevant challenges, and foster cooperation between the two countries’ companies.

Source: State Information Service Egypt

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E-systems helped in achieving tax justice- Maait

Finance Minister Mohamed Maait said Friday that E-Systems have mainly contributed to achieving taxation justice and making it easy for financers by unifying, simplifying and automating procedures.

The measure is intended to maximize public revenues and achieve comprehensive and sustainable development, added Maait during talks with a delegation from the Organization for Economic Cooperation and Development on the sidelines of the Egypt’s Forum for International Cooperation and Developmental Financing and a meeting of the African ministers of finance, economy and environment in the New Administrative Capital (NAC).

Maait said “We are moving on the right track toward digital economy achievement as per the best practices worldwide.”

The Egyptian official extended an invitation to the Organization’s delegation to attend “finance day” on November 9.

The day offers an opportunity for tackling ways of financing green transition and climate summit that is expected to come up with important outcome to push forward global efforts to implement climate pledges on the ground.

Source: State Information Service Egypt

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Mashat reviews ‘Sharm El-Sheikh Guide to Fair Finance’

International Cooperation Minister Rania el Mashat reviewed a presentation on Friday about ‘Sharm El-Sheikh Guide to Fair Finance’, which is being outlined in light of Egypt’s preparations for the UN climate conference, COP27.

Mashat was speaking during a roundtable on the guide in the presence of regional and international officials. ‘Sharm El-Sheikh Guide to Fair Finance’ aims to launch an international framework for climate action that can be implemented in developing countries and emerging markets to lure more investments in adaptation projects.

Mashat noted that over 70 regional and international development partners, institutions, banks, and think tanks took part in preparing the guide, pointing out that Africa only receives 5.5% of the climate fund in terms of a big gap between the government and private funds for climate action.

Source: State Information Service Egypt

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Agriculture Ministry: Increasing cultivated area to reach 5 million feddans

Spokesman for the Agriculture Ministry Mohamed el Qersh said that the cultivated area will increase to 5 million feddans with the view to achieving development and creating more job openings.

Speaking to DMC TV channel on Friday, the spokesman said that the new agricultural complexes and projects implemented by the State and the increase of the cultivated area to 5 million feddans aim to create job opportunities for farmers.

He added that the canal lining aims at reducing seepage loss of irrigation water by adding an impermeable layer to the edges of the trench.

He further noted that the “Decent Life” initiative aims at developing the Egyptian countryside and improving the standard of living for about 60 million citizens, at a total cost of more than EGP 700 billion.

Also, 320 agricultural complexes are being established to provide an integrated service to farmers, he added.

Source: State Information Service Egypt

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Finance Ministry: ‘Customs dollar’ no longer exists

 The Finance Ministry denied on Friday social media reports on raising the price of customs dollar used for import deals in Egypt, making it clear that the customs dollar is no longer exists.

In a statement, the ministry’s media observatory said there are unofficial Facebook pages that publish “posts” related to the administrative work system at the Customs Authority, saying there is no longer the so-called “customs dollar”.

However, it is just the daily spot exchange rates of the EGP against major currencies announced by the Central Bank of Egypt, according to the statement.

Source: State Information Service Egypt