Business
He said this will contribute to promoting justice with regard to taxes as tax slices would alleviated burdens on people.
The ministry said that this high record in production reflected the success in implementing the integrated work program in the various oilfields of the company in the Eastern and Western Desert areas, the Gulf of Suez and Sinai.
Maait thanked the companies who joined the experiment operation phase of the e-bill system.
This came during a meeting with the board of directors of the CBC Egypt for Industrial Development Co., which affiliates to the GAFI.
The surge in the number of firms led to a 71.7 increase in the capital of exports of these companies in June to record LE 7.9 billion, against LE 4.6 billion in June 2019.
They bought certificates worth EGP 858 million, it also said.
Mohamed el Atrebi, the Board Chairman of Banque Misr, told MENA that the bank sold certificates worth 55 billion pounds throughout the past three months.
The move falls within the framework of the precautionary measures taken by the State to address the impact of the spread of COVID-19, the ministry added.
Mohamed el Atrebi, the Board Chairman of Banque Misr, told MENA that the bank sold certificates worth 49 billion pounds by the end of the previous week.
Minister of International Cooperation Rania el Mashat said on her Twitter account that the initiative aims to improve psychosocial support services.
The minister considered as "good" the amount of funding, taking into account the negative economic impacts that emerged with the outbreak of the coronavirus.
Mohamed el Atrebi, Board Chairman of Banque Misr, told MENA that the bank sold certificates worth 43 billion pounds since the new certificates were issued.
Minister Mohamed Ma’it said that after the issuance of a law amending some provisions of the income tax, the new tax system for salaries and wages will be implemented from the beginning of July 2020.
The meeting aimed at following up on the outcome of "Egypt can.. through investment and development" conference which was held in October, the Planning Ministry said in a statement on Friday.
According to El-Etreby, the withdrawal limits for individuals will be modified to be LE 20,000 per day via ATM machines, up from LE 5,000.
Chinese ambassador to Egypt held a video press conference on Sunday to reveal details of cooperation between both countries in the face of COVID-19 pandemic.
The businessman speculated that Egypt's exports of garments would decline in 2020 compared to the previous year as they recorded $1.7 billion.
Minister of Trade and Industry Nevin Gamea and Head of the Arab Organization for Industrialization (AOI) ِAbdel Me'nem el Terras discussed Saturday boosting the local manufacturing and increasing the added value for the Egyptian products.
President Sisi checked upon the Egyptian Armed Forces elements and equipment assisting the civilian sector in combating COVID-19.
The duration can be prolonged, if needed.