27 April 2022 .. Al-Shorouk Economic Bulletin .. 32% increase in Egypt’s engineering exports during the first quarter of 2022



Mohamed Fawzy


Posted on: Wednesday, 27 April 2022 – 17:41 | Last update: Wednesday 27 April 2022 – 17:42

At five o’clock in the evening, we present to you “Al-Shorouk” Bulletin, which deals with the most important news of the economy and the financial and business community that has taken place throughout the day.

Al-Shorouk Economic Bulletin monitors the most important economic news on Wednesday, April 27, 2022, the most important of which are:

32% increase in Egypt’s engineering exports during the first quarter of 2022
Egypt’s engineering exports rose 32% to $ 983 million in the first quarter of 2022 from 2022 to the end of March, compared to $ 743 million in the same period last year, according to the Export Council’s monthly report.
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Al-Mulla discusses with the Australian Ambassador the situation of the oil and gas markets in the light of the current challenges
Tarek El Molla, Minister of Petroleum and Mineral Resources, will receive Glenn Miles, the Australian Ambassador to Cairo, where they will review the current conditions in the oil and gas markets in the light of the current challenges, and the importance of natural gas as’ a transition period. fuel at the current stage, as well as reviewing the energy transition efforts and Egypt’s preparations to host the World Climate Summit COP27 in addition to reviewing mining activities in Egypt and Australia and efforts to develop the mineral wealth system in Egypt, according to a ministry statement today.
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International Monetary Fund: Egypt is one of the countries most affected by the war in Ukraine
Today, the International Monetary Fund expects the countries of the Middle East and North Africa, especially the oil-importing countries, to lose momentum of recovery during the current year, with continued suffering from high inflation and debt, and stressing that Egypt and the countries of the Caucasus and Central Asia region were worst affected by the war in Ukraine.
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Limited gains for the stock market today
The Egyptian Stock Exchange continued its rise today, Wednesday, the second in this week’s trading, but reduced its gains yesterday as the main index EGX 30 rose by 0.3% and reached the level of 10718 points.
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Ezz Steel lowers the price of a ton by 830 pounds
Ezz Steel has announced that it has reduced the price of a ton of iron by 830 pounds, due to the fall in the prices of iron and scrap imported from Russia due to international sanctions imposed against Moscow and the difficulty in reducing production discharge.
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378 million pounds, the net profit of the Pharmaceutical Holding Company in the financial year 2020-2021
The General Meeting of the Management Company for Pharmaceutical, Chemicals and Medical Equipment of the Ministry of Public Business Sector approved the independent and consolidated financial statements of the Management Company for the financial year ended 30/6/2021.
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Food claim Indomie quickly withdraws old products and replaces them with new ones
Hazem Al-Menoufy, member of the Food Division of the General Federation of Chambers of Commerce, and head of the Food, Grocery and Herbal Food Division in the Alexandria Chamber, said he was appealing to traders to stop to sell old “Indomie” products that the Food Safety Authority has proven harmful to the consumer, and to inform the company at No. 15172 to replace the product within 48 hours, and if the company does not replace it, you must from the Chamber of Commerce contact.
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Federation of Industries: The president’s decisions reassure the private sector, investors and citizens
Kamal El-Desouky, a board member of the Federation of Egyptian Industries, said the president’s decisions at the Egyptian family’s breakfast party were good and came at an appropriate time to support the industry and the private sector, investors and citizens to reassure.
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Tax: Legal action against companies that are not obliged to join the electronic invoice
Reda Abdel-Qader, head of the Tax Authority, has appealed to companies that are obliged to join the electronic invoicing system in its sixth stage, according to Resolution No. 619 of 2021, to quickly connect to the system, and to implement registration procedures for it by means of self-registration at the link
https://profile.eta.gov.eg/signUp, as well as the withdrawal of the electronic stamp by companies (Egypt Clearing House, Egypt Trust, or Fixed Egypt).
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Demands to change the closing dates of restaurants and variety of theaters during the summer
The Ministry of Tourism has received many requests from the owners of tourist establishments to change the closing dates of restaurants, variety of theaters and discos during the summer, as the majority of the visitors to these places are Arab tourists who like to stay up late stay, and emphasize. that the adjustment of these dates will help to increase the income of these enterprises and increase the tourist movement Immigrants to Egypt, especially from Arab countries.
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