President Abdel Fatah al-Sisi CC
CAIRO – 8 July 2017: President Abdel Fatah al-Sisi chaired a meeting Saturday to discuss a report on the terror attack that took place in Rafah in Northern Sinai Peninsula and to follow up economic performance.
The meeting was attended by Prime Minister Sherif Ismail alongside the ministers of defence, foreign affairs, interior affairs, justice, finance and supply along with head of intelligence and head of the Administrative Control Authority (ACA), said Presidential Spokesman Alaa Youssef.
Governor of the Central Bank of Egypt (CBE) Tarek Amer also attended the meeting, the spokesman said.
They discussed actions adopted in Sinai to chase out assailants who managed to flee the scene after attacking a checkpoint in Rafah where more than 40 terrorists were killed.
The president expressed condolences to the families of the martyrs and ordered a special care to be provided for the injured.
He asserted that extremists are trying to undermine Egypt’s security and stability while the country is gearing up to eliminate terror threats and to carry out development projects nationwide.
Sisi reiterated importance of being on highest alert while facing terror and criminal plots, the spokesman added.
The meeting’s agenda covered decision taken by the CBE to increase interest rates on deposits and loans, Youssef noted, adding that Amer said that rising the rate by 200 basis points is part of a plan to maintain control on markets and help citizens in dealing with the hiked fuel and electricity prices.
They also reviewed the decrease in the dollar exchange rate under the supply and demand rules, which was viewed as a positive mark sign and indicator of increasing confidence over the Egyptian economy and the financial and economic reform policies which have recently adopted by the Egyptian government. The move also contributed to an increase in the foreign currency reserves to unprecedented levels since 2011.
The president directed the ministers to continue providing basic commodities in markets with reasonable prices nationwide. Also, he followed up measures adopted by the government to restore state lands and control prices hikes to alleviate burdens on citizens. (MENA)
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