PM names 3 deputies of GAFI chairman

Prime Minister Moustafa Madbouli issued on Sunday a decision naming three deputies to President of the General Authority of Investment and Free Zones (GAFI) Hossam Haiba.

The new appointment aims at improving investment and business climate and developing performance of the authority.

Source: State Information Service Egypt

‘Charter of Medina’ 1st document to uphold principles of full citizenship: Grand mufti

The fatwas (religious edicts) issued by Egypt’s Dar Al-Ifta throughout its history have always sought to promote community stability and peaceful coexistence, Egypt’s Grand Mufti Shawki Allam said.

This approach is derived from the one adopted by the Prophet Muhammad (PBUH) when he set the Charter of Medina after his migration with his followers from Mecca to Medina in 622 A.C., Allam added during a meeting with Indian Ambassador in Cairo Shri Ajit Gupte on Sunday to discuss how to boost fatwa-related cooperation.

This charter, also known as the Constitution of Medina, was the first document to uphold the principles of full citizenship, noted the grand mufti, who is also serving as the president of the Supreme Council of the General Secretariat for Fatwa Authorities Worldwide.

Hailing the deeply rooted ties between Egypt and India, Allam emphasized the importance of bolstering cooperation among religious and fatwa bodies worldwide to share expertise and combat extremism.

He also expressed his institution’s full willingness to provide all support to scholarly and Sharia education support to Muslims in India, including training opportunities to enhance fatwa-related knowledge and skills.

Source: State Information Service Egypt

Egypt, India seek to further cooperation – Minister

Finance Minister Mohamed Maait reiterated on Sunday keenness on enhancing cooperation with the Indian side in the financial inclusion and financial technology domains.

During his meeting with Indian Ambassador in Cairo Ajit Gupte, the minister said the Indian companies can benefit from the privileges offered by the General Authority For Suez Canal Economic Zone and the strategic location of Egypt as a center for production and re-exportation of products to European and African nations.

He expressed appreciation for India’s invitation to Egypt to attend the G-20 finance ministers meetings as a guest of honor, saying the invitation reflects depth of Egyptian-Indian relations.

He said the government offers all needed support to the business community and private sector companies in light of the current unprecedented global crisis.

Source: State Information Service Egypt

PM follows up progress of ACI system

Prime Minister Mostafa Madbouli chaired Sunday a regular meeting to follow up on the position of implementing the Advance Cargo Information System (ACI).

The meeting was attended by Governor of the Central Bank of Egypt Hassan Abdullah, Minister of Finance Mohamed Maait, and Minister of Trade and Industry Ahmed Samir, among other senior officials.

The meeting aimed to ensure the implementation of various steps that would contribute to providing more facilities for releasing goods and commodities at the Egyptian ports, the premier said.

The attendees studied the status of products at ports around the country from October 2021 to March 2023, as well as an examination of commodities registered on the ACI system, which totaled $3.9 billion so far, while total goods cleared during that time were $106.5 billion.

The total value of items cleared under the final import system from 1 to 28 February, 2023, was $5.8 billion, Cabinet Spokesman Nader Saad revealed.

The value of goods released under the same system from March 1 to 10 amounted to $2 billion, he added.

Source: State Information Service Egypt

Cabinet says unemployment rate down thanks to successful policies

The Cabinet’s media center said Sunday that the unemployment rate in Egypt is going down thanks to a national strategy designed to better determine demands of the labor market and hone skills of cadres to be able to effectively contribute to sustainable development plans.

The strategy is meant to best employ the outcome of education to serve the labor market, especially where technical and vocational training is concerned, a report by the Cabinet’s media center said.

The report focused on State efforts that helped reduce to the minimum the rates of unemployment, which it called the “biggest burden” facing progress in the country.

It said that the strategy focused on labor-intensive national projects and on expanding partnership with the private sector with the aim to increase employment levels, the report added.

It also shed light on measures taken to promote innovation and entrepreneurship, noting that this helped alleviate the repercussions of the successive global crises for the labor market.

The report underscored the positive outlook for the employment levels in Egypt, with the World Bank expecting the unemployment rate to reach 7 percent in 2023-2024 down from 7.2 percent reported in the final quarter of 2021-2022.

Source: State Information Service Egypt

PM inspects Fustat Gardens project, renovation of Amr ibn Al A’as Mosque

Prime Minister Mostafa Madbouli paid a tour to the Old Cairo district Sunday to inspect the newly-launched Fustat Gardens project, the renovation process of Amr ibn Al A’as Mosque and surrounding areas in Cairo.

The prime minister highlighted the importance of Fustat Gardens project as it aimed at creating a public garden in the center of Old Cairo’s archaeological and historical sites and monuments, thus offering tourists a unique tourist experience.

During the tour, Madbouli directed speeding up planation of the area.

He also discussed with officials responsible for carrying out the project infrastructure work at the site of the venture.

The gigantic project would work to revive the first Islamic capital in Africa by preserving the Islamic architecture there and turning Fustat into an open museum to visitors from all over the world.

Madbouli also undertook an inspection tour of the Amr Ibn Al-Aas Mosque Square development site.

Cairo Governor Khaled Abdel Aal accompanied the prime minister during the tour.

Covering an area of 500 feddans in the heart of Historic Cairo, the Fustat Gardens national project is considered the largest of its kind in the Middle East.

It is a densely forested park with the least amount of buildings and an appropriate amount of foot path. The area of the park amounted to 250 acres. It was established in 1989 after it was a public dump.

Al Fustat Park extends from Salah Salem Road in the north to the Ring Road in the south and from Amr Ibn Al-Aas Mosque in the west to the Cavalry Railway in the east.

Source: State Information Service Egypt

Political leadership keen on continuous support for youths – Minister

Minister of Higher Education and Scientific Research Ayman Ashour on Sunday stressed the importance of the Egyptian youths’ participation in community dialogues to present their views on development issues and challenges facing society.

The political leadership is keen on continuous support for young people and providing them with the necessary care, the minister said in his speech at the opening ceremony of the third Visions of Youth salon.

The event is a dialogue platform aimed at enhancing youth participation in the development process and the establishment of the new republic, he added.

The national strategy for higher education and scientific research, in its main focus, is based on youth and linking the educational process to the labour market’s requirements, the minister said.

Source: State Information Service Egypt

PM: Govt to start procedures for offering NPC, SAFI Wednesday

Prime Minister Mostafa Madbouli said the government is keen to implement the public offering program, which comes as part of the State Ownership Policy Document.

The premier added this program aims to lure further foreign investments and increase the private sector’s participation to stimulate economic growth, in addition to expanding the ownership base.

Madbouli’s remarks came during his meeting on Sunday with the ministers of petroleum, planning, finance, public business sector and trade, as well as Sovereign Fund of Egypt CEO Ayman Soliman.

During the meeting, the prime minister announced the start of procedures for offering the National Petroleum Company (NPC) and the National Company for Natural Water in Siwa (SAFI), as of Wednesday, said Cabinet Spokesman Nader Saad.

Source: State Information Service Egypt