Al-Shorouk Economic Bulletin today, Friday, April 29: 1.2 billion pounds paid out to export companies

“Al-Shorouk” presents to you the five in the evening bulletin, which deals with the most important news of the economy and the financial and business community that took place throughout the day.
Al-Shorouk Economic Bulletin monitors the most important economic news today, Friday, April 29, 2022, which came to the fore:

The £ 1.2bn payout to 500 companies to provide cash liquidity to export companies
Finance Minister Mohamed Maait said a new group of exporters benefiting from the fourth phase of the “immediate cash payment” initiative, which has been launched since mid-November, will raise their funds, which are worth 1.2 billion pounds has, started paying out. 500 companies, pointing out that we have spent around £ 33 billion on state export subsidies to more than 2,500 companies through initiatives to return the delayed export burdens to the Export Development Fund, which has so far started in October 2019; This confirms the government’s commitment to support the export sector and provide cash liquidity to export companies, despite the unprecedented challenges facing the world economy.
For more details, click here:

Al-Mashat discusses with the World Bank developments in the preparation of the Climate and Development Report

Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the World Bank Group, spoke with Ayat Soliman, Regional Director of the Department of Sustainable Development for the Middle East and North Africa at the World Bank Group, and Paul Nomba M, Region. Director of Infrastructure Affairs in the Middle East and North Africa, joint relations between Egypt and the World Bank Group, and developments in the preparation of the Climate and Development Report for Egypt, which monitors Egypt’s steps to achieve sustainable development and climate action within the framework of the close relationship between climate and development.
For more details, click here:

70% of molasses factories will experience a shortage of production requirements after Eid Al-Fitr
Ibrahim Imbabi, Head of the Tobacco Division in the Chamber of Food Industries in the Federation of Industries, said that 70% of the 50 Al-Maassel factories would suffer from a shortage of production requirements after the end of Eid Al-Fitr; Due to the disruption in the arrival of new shipments of tobacco contracted to be imported from India, Indonesia, Serbia and Greece, and Egypt does not have a local tobacco industry that meets the demand of these companies.
For more details, click here:

Planning: To meet the challenge of financing sustainable development, you need to look for innovative financing tools
Hala Al-Saeed, Minister of Planning and Economic Development, said financing the 2030 agenda and achieving the sustainable development goals is a major challenge at global, regional and national levels. On the sidelines of the activities of the seventh edition of the Conference on Financing for Development 2022, which will be held from 25 to 28 April by the United Nations Economic and Social Council at the United Nations Headquarters in New York, the Ministry held a side-video conference entitled “Methods of Supporting Financing Sustainable Development.”
For more details, click here:

Gold prices jump by 15 pounds today
Gold prices jumped by about 15 pounds in local goldsmith markets, during today’s trade, to record the top seller 21 carat grams in Egypt, 1110 pounds, compared to 1095 pounds, and a 24 carat gram rose to about 1255 pounds, and an 18-carat gram rose to 940 pounds. The price of the gold pound rose by 120 pounds to reach 9 thousand pounds, according to Naguib Club, the former Secretary-General of the Gold Works Division in the Cairo Chamber.
For more details, click here:

Al-Mashat continues her talks in Washington to promote development and open up prospects for participation in the private sector
Minister of Cooperation, dr. Rania Al-Mashat, took part in the celebration of the centenary of the inauguration of diplomatic relations between Egypt and the United States, hosted by Ambassador Moataz Zahran, Egypt’s Ambassador to the United States, at the breakfast ceremony. organized in the US capital, Washington, on the sidelines of the activities of the Spring Meetings of the International Monetary Fund and the World Bank.She stressed the importance of the historical relations between Egypt and the United States, mutual commitment to the promotion of peace and common prosperity
For more details, click here:

Significant decline in cement prices over the past two months
Ahmed Shereen Karim, head of the cement division in the Chamber of Building Materials Industries in the Federation of Industries, said that cement prices have experienced a remarkable decline over the past two months, as the price of a ton delivered to the factory land is between 1 100 varied. and 1200 pounds, and 1200 to 1280 pounds for the consumer, including transportation by region, type and packaging, and the division monitored remarkable stability in the cement market in Egypt, with prices falling during the last March and April.
For more details, click here:

Preparation and opening of 8 “Welcome Eid” showrooms in Qalyubia, with discounts of up to 25%
Dr. Mohamed Al-Fayoumi, President of the Chamber of Commerce in Qalyubia Governor, announced the opening and equipping of 8 “Welcome Eid” exhibitions, on the occasion of Eid Al-Fitr. To relieve the citizens in the cities and towns of Qalyubia Governor; In implementing the vision of the political leadership to stand by the citizens, it is equipped with everything the citizen needs and will include all family needs such as food, meat, clothes and shoes, at discounted prices of up to 25%.
For more details, click here:

Organization and Administration studies settlement for 45 Port Said education staff
The Central Agency for Organization and Administration, led by Saleh Al-Sheikh, completed the re-appointment study with the highest qualification known as “the settlement” for 45 employees in the Directorate of Education in Port Said Governor, and the device has his approval to the Ministry of Finance to carry out his affairs.
For more details, click here:

Oil rises, reaching record highs for the fifth consecutive month
Oil prices rose, on the way to recording the fifth consecutive monthly profit, in light of the repercussions of the war in Ukraine, the resurgence of cases of the “Covid-19” virus in China, and US crude oil prices fell during April around the level of $ 100 per barrel, and this is the fifth monthly gain on the In a row, in the longest streak of gains since January 2018, Brent crude futures for June delivery increased by 1.60% to $ 109 per barrel rose. U.S. crude futures for June delivery also rose 0.88% to $ 106 a barrel, heading for a 5.5% monthly profit.
For more details, click here:

Leave a Comment