The EGX managed to recover from the impact of the COVID-19 crisis and its indices collectively went up, thanks to the accumulative positive performance, according to the infograph.
The media center of the cabinet denied on Thursday a number of media reports on bread subsidy, taxes on bank deposits, health sector, agricultural products and endowment.
Egypt’s President Abdel Fatah al-Sisi directed expansion and development of Alexandria Port, according to Prime Minster Moustafa Madbouly statements in a Wednesday Cabinet meeting.
Sisi made his directives during a meeting on Monday with Prime Minister Mostafa Madbouli and Minister of Trade and Industry Nevine Gamea.
It appealed to social media users to verify their reports and adopt objectivity before publishing them
The Cabinet said, in a statement, that the law also included a deduction of 0.5 percent of the net income due from the pension of pensioners.
The minister said that it was expected that the growth rate would have reached some 5.9 percent by the end of Q3 of FY 2019/20.
The ministry noted it sends a specialized team periodically to inspect the Nile to ensure that there is no waste disposed of by the industrial complexes, especially the sugar factories.
The ministry urged various media outlets and social media users to verify their reports before publishing them and contact the ministries concerned.
Egypt tops world countries in orange exports with exports hitting about 1.2 million tons, it added.
During the meeting, Madbouli followed up the file of the Egyptians stranded abroad, saying that the government will return more than 16,000 during this period.
The video showed that students' dorms at universities and youth centers are ready to receive the returnees so that they can spend their quarantine period there.
The cabinet also approved authorizing the Egyptian Railway Authority to make limited agreements with a number of foreign specialized companies.
The Prime Minister said that the government is willing to provide all possible incentives for Egyptian manufacturers to support the industrial sector.
Cabinet media adviser Hany Younis denied issuing new decisions on curfew hours during the holy fasting month of Ramadan.
The participants will follow up precautionary measures for curbing the spread of the virus.
Ahalina is a community partnership initiative, issued by the Egyptian government.
The Cabinet Information Center on Saturday denied reports published by some social media websites on a decision by the Awqaf Ministry canceling a ban on Friday prayers.
Prime Minister Moustafa Madbouli held a video meeting on Thursday with the cabinet ministers for the second time as a precautionary measure against novel coronavirus.
The total number of legalized churches amounts to 1568.