Egyptian Cabinet

Cabinet approves exempting gold carried by Egyptians coming from abroad from custom duties for 6 months

Wed, 10 May 2023 - 08:35 GMT

The Cabinet approved on Wednesday a draft decision to exempt semi-wrought gold carried by Egyptians coming from abroad from custom duties and other applicable fees, except Value Added Tax (VAT), for six months.

Egypt’s authorities release 237K tons of corn, soybeans worth $107M stuck at ports

Mon, 08 May 2023 - 02:07 GMT

Egypt’s Minister of Agriculture Elsayed al- Quseir, said that during the period from April 28 to May 3, 237K tons of corn and soybeans worth about $107 million, were released from ports, in an increase of 22,000 tons over last week.

Egypt to allocate LE 28-30 billion for new export rebates program in FY 2023/24: Cabinet

Mon, 27 Mar 2023 - 11:11 GMT

Egypt’s new export rebates program will run for up to three years with an estimated cost of LE 28-30 billion over the coming fiscal year 2023/2024, the Cabinet announced in a statement on Sunday.

Cabinet: Thursday paid holiday for employees in Egypt on Police Day, revolution anniv.

Wed, 18 Jan 2023 - 07:30 GMT

Egyptian Prime Minister Mostafa announced next Thursday, 26 January, a paid holiday for employees at the public and private sectors on the anniversary of Police Day and the 2011 Revolution anniversary.

Egypt to adopt LE 150B initiative to back production sectors, cut loans’ interests

Sat, 14 Jan 2023 - 11:17 GMT

Egypt will adopt a five-year initiative worth LE 150 billion to support the agricultural and industrial production sectors, especially by reducing their loans’ interests, in the face of the repercussions of the global crises, the Cabinet has announced.

Egypt releases $8.5 billion goods stuck at ports since December: Cabinet

Wed, 11 Jan 2023 - 06:07 GMT

Stuck goods worth $1.5 billion were released from Egyptian ports from 1 to 10 January, upping the total value of released goods since the start of December to $8.5 billion, the Cabinet said in a statement on Wednesday.

Egypt’s Cabinet announces Sunday paid holiday for employees on Christmas

Mon, 02 Jan 2023 - 06:33 GMT

The Egyptian Cabinet has announced next Sunday, 8th of January, a paid holiday for employees of the public and private sector to celebrate Christmas instead of Saturday.

Egypt among top 10 world's fastest growing economies in 2022: IDSC

Fri, 30 Dec 2022 - 01:32 GMT

The center said that many developments took place in 2022 in spite of the international crises that cast a shadow on various economies.

Egypt to extend ban on rice export to secure local needs

Thu, 20 Oct 2022 - 05:52 GMT

Madbouli met on Thursday with Minister of Supply and Internal Trade Ali El-Moselhi to follow up on the ministry’s efforts to provide rice in local markets.

Egypt works to speed up release of largest possible amount of poultry feed amid shortage crisis

Mon, 17 Oct 2022 - 01:04 GMT

This comes amid a shortage in feed nationwide, which led some of the workers in farms to execute chicks. Footage showing execution of chicks circulated on social media has stirred anger among people.

Egypt’s Cabinet approves draft bill allowing expats to import tax-free private cars for 4 months

Thu, 13 Oct 2022 - 01:02 GMT

However, the exemption will last only for four months after the law is published in the Official Gazette, according to the Cabinet.

Egypt’s Cabinet approves new draft bill on legalizing building violations

Thu, 13 Oct 2022 - 12:15 GMT

The new law widens the scope for the state’s reconciliation with citizens responsible for building violations, including the possibility to reconcile with buildings that exceed the height specified by the Civil Aviation Authority.

Egypt’s Cabinet raises initial wheat procurement price for 2023 season to LE 1,000

Thu, 01 Sep 2022 - 11:58 GMT

The decision raises the wheat procurement price from LE 865-885 during the current wheat harvest season, which started in April.

Egyptian Cabinet: Saturday paid day off for public, private sector on Hijri New Year’s Eve

Mon, 25 Jul 2022 - 01:49 GMT

Egypt’s Cabinet has announced next Saturday, 30 July, a paid day off for the public and private sector on the occasion of the Hijri New Year’s Eve.

Egyptian ministers review preparations for COP27 at supreme committee meeting

Thu, 23 Jun 2022 - 02:05 GMT

The meeting, attended by a large number of ministers and officials, reviewed preparations for hosting the conference, according to a statement by the Cabinet.

Over LE 700 billion of investments were/are being implemented to develop Sinai in 8 years: Cabinet

Mon, 25 Apr 2022 - 11:17 GMT

Investments amounting to more than LE 700 billion were and are being implemented to develop the Sinai Peninsula over eight years, the Egyptian Cabinet said in a lengthy report.

Egypt first country in Middle East to issue Samurai bonds: What you need to know

Wed, 06 Apr 2022 - 01:42 GMT

As per the Egyptian Ministry of Finance’s announcement late in March regarding issuing Samurai bonds, Egypt would thus be a leader in the Middle East in this field, the Cabinet said on Wednesday.

Egypt seeks to collect 6 million tons of local wheat from farmers this year: Supply minister

Mon, 28 Mar 2022 - 05:48 GMT

During the meeting, chaired by Prime Minister Mostafa Madbouly, Moselhi said the Ministry of Supply has secured more than 400 points to receive local wheat this year, affirming that there are enough strategic capacities to receive this quantity of local wheat.

Egypt requests talks with IMF over new economic support program amid Ukraine crisis

Wed, 23 Mar 2022 - 09:54 GMT

Egypt has submitted a request to the International Monetary Fund (IMF) to start negotiations about a new program that seeks to support Egyptian state’s plans of national comprehensive economic reform, the Egyptian Cabinet said.

Egypt sets additional incentives to encourage farmers to supply local wheat at LE 65/ardeb

Wed, 16 Mar 2022 - 02:14 GMT

As per the directives, price of wheat ardeb, which is equal to 150 kilograms, will be LE 865, 875, and 885 for wheat with purity percentage of 22.5, 23, and 23.5 respectively.