Our Views The Federation of Egyptian Banks issued a statement today stressing that the Central Bank’s decision is a regulatory banking measure issued in line with the recent decisions of the Cabinet regarding the governance of import procedures, and to complement the shipment pre-registration system.The Federation added that the decision aims to raise the quality […]
Our Views The Russian army continued its advance into Ukrainian territory towards the capital, Kyiv, for the sixth day after it managed on Tuesday to control the city of Kherson in southern Ukraine, near the Crimean Peninsula. Meanwhile, Russian President Vladimir Putin set 5 demands in exchange for a ceasefire, foremost of which is respect […]
Our Views The Ministry of Trade and Industry decided to amend some provisions of import and export. The Official Gazette published in its issue yesterday, Decision No. 126 of 2022 regarding Article No. 17 of the rules implementing the provisions of Law No. 118 of 1975 regarding import and export. For more details and full […]
Our Views The Cabinet, at its meeting today headed by Dr. Mostafa Madbouly, approved a number of decisions presented by Counselor Mohamed Abdel Wahab, CEO of the General Authority for Investment and Free Zones. The aim is to: Provide incentives and support to investment activities related to the green economy, artificial intelligence, innovation, and scientific […]
Our Views The buying and selling exchange rates of the US dollar recorded EGP 17.40 and EGP 17.50, respectively in the National Bank of Egypt (NBE). The NBE decided to issue a saving certificate with a fixed rate of return of 18 percent throughout the period of keeping the certificate. For more details and full […]
Our Views In context of the Minister of Finance’s explanation of the sources of funding for Egypt’s mega projects, he indicated two separate budgets, namely: The state budget, which is managed by the Ministry of Finance, and the budget of the 55 Economic Authorities, which is separate from that of the Ministry of Finance. It […]
Our Views Nevin Gamea, Minister of Trade and Industry, said that the Committee for Inventorying Unused Industrial Lands will complete its work within a month, noting that President Abdel Fattah El-Sisi is following up on the work of the Committee. She added that an initial inventory in 12 governorates resulted in identifying 890 unused industrial […]
Our Views The Egyptian government’s decision to ban products of about 1,000 local and foreign companies from entering local markets caused controversy that extended beyond news sites to social media, amid expectations of higher prices for the companies’ products and by extension, comparable commodities as well. For more details and full views, download the document […]
Our Views Prime Minister Dr. Mostafa Madbouly affirmed that a specialized economic group of ministers has been assigned the task of developing a recovery plan from the effects of the global crisis, through a package of measures aimed at stimulating foreign and domestic investments, in accordance with the directives of President Abdel Fattah El-Sisi.In today’s […]
Our Views President Abdel Fattah El-Sisi met with the Ministerial Economic Group to follow up on procedures for dealing with the effects of the global economic crisis. Ambassador Bassam Radi, official spokesman for the Presidency, stated that the President issued a directive to exclude production requirements and raw materials from the procedures that were recently […]