The Egyptian Cabinet
This project, situated in the Developers Zone of Sadat City in the Monufia Governorate, will focus on flax production, spinning, and weaving, spanning approximately 52,000 square meters.
Madbouly noted a notable decrease in inflation rates, which fell to approximately 27.5 percent in June 2024 from around 35.8 percent in the corresponding month of the previous year.
Based on extensive national dialogue sessions, the program prioritizes key areas such as economic growth, inflation control, and elevating Egypt’s international standing.
According to local media platforms, Ahmed Kojok will be appointed as the new Minister of Finance.
Sources indicate there will be new appointments across several key ministries, including education, finance, agriculture, justice, social solidarity, petroleum, and electricity. Additionally, the economic group will see changes.
Furthermore, the Cabinet has also approved Prime Minister, Mostafa Madbouly's draft decision to create an investment zone in Ras El Hekma.
The Egyptian Cabinet is implementing a remote work system for governmental entities’ employees.
The Egyptian Cabinet also approved an agreement between Egypt and Qatar that aims to eliminate double taxation on income taxes
The Egyptian Cabinet’s Media Center published a report highlighting Egypt’s export figures and trade indicators.
The Egyptian electricity grid will connect it to Europe via Italy with a 3 gigawatts capacity
