The Seventh Day newspaper has reported several important news stories today. Firstly, President Abdel Fattah El-Sisi held a meeting with Dr. Mustafa Madbouly, Prime Minister, Lieutenant General Osama Rabie, Chairman of the Suez Canal Authority, Major General Amir Sayed Ahmed, Advisor to the President of the Republic for Urban Planning, and Mustafa Al-Dogishy, Chairman of the Board of Directors of Southern Red Sea Arsenal Company. During the meeting, President El-Sisi reviewed the statement of navigation traffic in the Suez Canal for the first quarter of this year, which showed an increase in the number of ships passing through the canal by roughly 20%. The revenue generated has also increased to regarding $2.3 billion, which is an increase of around 35% from last year. Lieutenant General Osama Rabie presented the plans to develop the navigational course of the Suez Canal and modernize its marine fleet.
In other news, the International Monetary Fund has predicted that the Egyptian economy will grow by 3.7% in the current fiscal year and 5% in the year following 2024. The inflation rate is expected to reach 21.6% during the current fiscal year, decreasing to 18% by 2024. The Middle East and North Africa’s economy growth has been forecasted to decline to 3.1% this year from 3.2% in January and 3.6% in October. The report predicted the Saudi economy would grow by 3.1% in 2023 and 3.2% in 2024, while the UAE economy would grow by 3.5% and 3.9% in the current and next year respectively. The Kuwait economy would grow by 0.9% this year and 2.7% in 2024, while Iraq’s economy would grow by 3.7% in 2023 and 3.1% in 2024.
The Meteorological Authority has forecasted a drop in temperatures and rain in most parts of Cairo tomorrow. Wednesday is expected to see cold weather in the morning, warm in the day in Greater Cairo, Lower Egypt, and northern Upper Egypt. Moderate weather is forecasted in the northern coasts and hot weather in the south and southern parts of the country. Wind activity is expected in areas of Greater Cairo, Lower Egypt, the northern coasts, Canal cities, central Sinai, northern and southern Upper Egypt, which will be sandy and dusty in some areas.
The Prime Minister is overseeing efforts to develop the furniture industry in the Furniture City in Damietta. Dr. Mustafa Madbouly held a meeting with several officials to follow up on these efforts.
Sham El-Nessim, corresponding to Monday, April 17, is a paid leave for private sector workers. However, if working conditions demand it, workers may be employed, and they will receive their wage in addition to twice that wage. The House of Representatives has condemned the Israeli attack on Al-Aqsa Mosque, calling upon the international community to put an end to these attacks.
Finally, the Meteorological Authority has forecasted a continued drop in temperatures until next Thursday, followed by a gradual rise in temperatures in all parts of the Republic.
Tuesday, April 11, 2023 06:00 PM
The seventh day published, during the past few hours, a group of important news, on top of which President Abdel Fattah El-Sisi met today with Dr. Mustafa Madbouly, Prime Minister, Lieutenant General Osama Rabie, Chairman of the Suez Canal Authority, Major General Amir Sayed Ahmed, Advisor to the President of the Republic for Urban Planning, and Mustafa Al-Dogishy, Chairman of the Board of Directors. Southern Red Sea Arsenal Company.
Counselor Ahmed Fahmy, the official spokesman for the Presidency of the Republic, stated that the president viewed a statement of the navigation traffic in the Suez Canal, during the first quarter of this year, which showed an increase in the number of ships passing through the canal, by regarding 20%, compared to the same period last year, and the increase in revenues to record About $2.3 billion, an increase of regarding 35% over last year, with the canal also recording the highest daily transit rate in its history, on March 13, with 107 ships, with a tonnage of 6.3 million tons.
Lieutenant General Osama Rabih presented the axes and projects for developing the navigational course of the Suez Canal, in addition to the authority’s efforts to modernize its marine fleet, including tugs and dredgers, in light of the pivotal role of its role in securing the navigational course and assisting ships transiting the canal.. Below is a summary of Egypt’s most important news.
The International Monetary Fund expects an increase in the growth of the Egyptian economy in the current and next years
The International Monetary Fund expected the Egyptian economy to grow to 3.7% during the current fiscal year, provided that these rates will rise to 5% in the year following 2024.
In its report on global economic prospects, issued today, the IMF expected that inflation rates in Egypt would reach 21.6% during the current fiscal year, declining to 18% in 2024.
At the same time, the fund lowered its forecast for the growth of the Middle East and North Africa economy during the current year to 3.1% from 3.2% expected in January and 3.6% in October.
The fund expected the Saudi economy to grow by 3.1% during the current year and 3.2% in 2024, while it expected the UAE economy to grow by 3.5% and 3.9% during the current and next year, respectively.
According to forecasts issued today, Kuwait’s economy will grow by 0.9% in the current year and 2.7% in 2024, while Iraq’s economy will grow by 3.7% in 2023 and 3.1% in 2024.
A drop in temperatures tomorrow and rain in most parts of Cairo, with a maximum of 21 degrees
The Meteorological Authority expects that tomorrow, Wednesday, will witness a drop in temperatures in all parts, so that cold weather will prevail in the morning, warm in the day in Greater Cairo, Lower Egypt and northern Upper Egypt, moderate in the northern coasts, hot in the south and south of the country, cold. At night in the north of the country until Greater Cairo, it is cold in the south of the country.
Tomorrow, the weather is expected to witness wind activity in areas of Greater Cairo, Lower Egypt, the northern coasts, Canal cities, central Sinai, northern and southern Upper Egypt, which will be sandy and dusty on Wednesday in northern Upper Egypt, northern Red Sea Governorate, and southern Upper Egypt.
The Prime Minister is following up efforts to develop Furniture City in Damietta
Dr. Mustafa Madbouly, Prime Minister, held a meeting today; To follow up the efforts to develop the furniture industry in the Furniture City in Damietta, in the presence of Dr. Mohamed Maait, Minister of Finance, Eng. Mahmoud Esmat, Minister of Public Business Sector, Eng. Ahmed Samir, Minister of Trade and Industry, Dr. Manal Awad, Governor of Damietta, and Hossam Haiba, Chief Executive Officer. The General Authority for Investment and Free Zones, Major General Hazem Hadhoud, Chairman of the Board of Directors of Damietta Furniture Company, and Ali Al-Sisi, Head of the General Budget Sector at the Ministry of Finance.
At the beginning of the meeting, the Prime Minister indicated that today’s meeting comes with the aim of following up the existing efforts to develop Damietta Furniture City, to become an integrated industrial city, in light of what Damietta Governorate represents as one of the distinguished Egyptian industry castles in this field, within the framework of President Abdel Fattah’s directives. Sisi, President of the Republic, to support and develop this important industry and enable it to compete at the regional and international levels, thus providing more distinguished job opportunities in this sector for the people of the governorate, and increasing Egyptian exports and national income.
Sham El-Nessim is a paid leave for private sector workers
The Minister of Manpower, Hassan Shehata, announced that Sham El-Nessim, corresponding to Monday, April 17, is considered a paid leave for private sector workers, within the framework of the Prime Minister’s Resolution No. Sham El-Nessim, for workers in ministries, government agencies, public authorities, local administration units, public sector companies, public business sector companies, and the private sector.
The minister said: It is permissible for the employer to employ the worker on this day if the working conditions so require, and the worker deserves in this case, in addition to his wage for this day, twice that wage.
On this occasion, the Minister of Manpower congratulated Pope Tawadros II, Pope of Alexandria and Patriarch of the See of St. Mark, and all the Coptic brothers on the glorious Easter, stressing that this occasion gives us more determination to continue solidarity and interdependence and make sacrifices, so that the Egyptian state remains in the unity of its fabric a model that guides humanity to goodness and development under the leadership of President Abdel Fattah El-Sisi, and achieving more progress, prosperity and peace.
The government denies trading meat injected with internationally banned hormones
The media center of the Council of Ministers revealed that, in light of the reported news regarding the circulation of meat injected with internationally banned hormones, the center communicated with the National Food Safety Authority, which denied these reports, stressing that there is no truth to the circulation of meat injected with internationally banned hormones, stressing that all meat traded In the markets, whether local or imported, they are intact, safe, and free of any internationally banned hormones, and are subject to examination and control by the concerned regulatory authorities, by drawing random samples from them and analyzing them in accredited laboratories to ensure their safety, indicating that intensive inspection and control campaigns have been launched on all markets, slaughterhouses, and places Display and sale of meat in various governorates, to ensure its safety and suitability for human consumption, and to slaughter it in approved slaughterhouses, while taking all necessary legal measures if any violations are detected.
The House of Representatives condemns the blatant Israeli attack on Al-Aqsa.. Video
Today, the House of Representatives condemned the blatant Israeli attack on Al-Aqsa Mosque, calling on the international community to shoulder its responsibility in putting an end to these attacks, in order to avoid further tension in the region.
This came during a speech by Counselor Dr. Hanafi Jabali, Speaker of the House of Representatives, today in the plenary session.
Gebali said: “The Egyptians woke up at dawn last Wednesday, April 5, 2023, to a scene of reprehensible scenes and a picture of the repeated Israeli violations of the sanctity of the holy places. blatantly once morest the freedom of worship guaranteed by all international conventions.
Meteorology: Temperatures will continue to drop on Thursday, and a gradual rise will begin on Friday
The weather forecast map issued by the Meteorological Authority revealed that the drop in temperatures will continue until next Thursday in all parts of the Republic, so that during this period cold weather will prevail in the morning, inclined to warmth in Greater Cairo, Lower Egypt and the northern coasts, warm in the north of Upper Egypt, inclined to heat. In southern Sinai, hot in southern Upper Egypt, cold at night in the north of the country up to Greater Cairo, and cold in the south of the country.
The Meteorological Authority indicated that, starting next Friday, April 14, the country is expected to witness a gradual rise in temperatures in all parts, to record, with Good Friday in Cairo, for example, 25 degrees.
Today, Tuesday, there is a drop in temperatures in all parts, so that cold weather prevails in the morning, warm in the day in Greater Cairo, Lower Egypt and the northern coasts, warm in the north of Upper Egypt, hot in South Sinai, hot in the south of the country, cold at night in the north of the country. Even Greater Cairo is cooler in the south of the country.
The Governor of Giza approves the end-of-year exam schedules for all grades, starting from May 6
Today, Tuesday, Major General Ahmed Rashid, Governor of Giza, approved the schedules and dates for exams for the second semester for all grades in the educational stages for the academic year 2022/2023, which begins on May 6 and ends on May 25.
Local development directs to raise the degree of readiness to receive Sham El-Nessim and the holidays
Major General Hisham Amna, Minister of Local Development, confirmed raising the maximum level of preparedness in the governorates and continuing coordination with all concerned authorities to ensure the availability of all food commodities in appropriate quantities and prices in markets, exhibitions, and fixed and mobile outlets even following the blessed Eid Al-Fitr, especially the products that citizens accept in the holidays, such as meat and poultry. and fish.
The Minister of Local Development instructed the governorates to intensify control campaigns in coordination between the executive agencies and the directorates of health, veterinary medicine and catering during the festive period on the markets and shops to control the trading of food commodities and ensure the validity of the products offered for human consumption to preserve the safety and health of citizens and take legal measures once morest violators, while continuing Work exhibitions selling food commodities, supplies, and fixed and mobile outlets in the governorates at reduced prices, and continuous follow-up to ensure the existence of offers and discounts on commodity prices and the commitment of merchants to sell at reduced prices to citizens.
Fitch: The electronic retail trade is witnessing strong growth in Egypt in the coming years
Within the framework of the Council of Ministers’ Information and Decision Support Center’s interest in monitoring and analyzing everything related to international reports dealing with Egyptian affairs, or falling within its scope of interests, the center highlighted a report by the American agency “Fitch” on the “retail trade sector in Egypt,” which clarified The retail trade sector in Egypt is developing steadily, as consumers are turning to formal retail trade, especially in major cities such as Cairo and Alexandria.
The report stated that e-retailing in Egypt will record strong growth over the coming years, supported by strong Internet access in urban areas and improved logistics.
As we conclude our coverage of the day’s events in Egypt, it is clear that the nation continues to move forward, with positive developments in the economy, industry, and infrastructure. Despite challenges and setbacks, the government remains focused on growth and progress, with efforts to modernize the Suez Canal, boost exports, and support key industries such as furniture. As always, we remain committed to bringing you the latest news and insights from across Egypt, keeping you informed and up-to-date on the events shaping our nation’s future.
