Tuesday 17 May | Al Shorouk Economic Bulletin: The New Year’s Plan Takes Dealing with Global Crises



Mohamed Fawzy


Posted on: Tuesday, 17 May 2022 – 17:13 | Last updated: Tuesday, 17 May 2022 – 17:13

“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, Tuesday 17 May 2022, which came to the fore:

The plan for the new financial year takes into account the handling of global crises and the objectives of national projects
Hala Al-Saeed, Minister of Planning and Economic Development, confirmed that the investment plan for this year takes into account the global crises and the repercussions of the Russo-Ukrainian war, and also seeks to maintain the achievement rates of the national targets. projects and development plans.
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The producing companies increase the prices of oils and vegetable ghee up to 9 pounds
Hazem Al-Manoufy, a member of the General Food Division and Head of the Food, Grocery and Herbs Division at the Alexandria Chamber of Commerce, said the oil and vegetable margarine companies increased prices by a value ranging from 3 to 9 pounds for packets with a capacity of 800 ml.
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Mixed performance of the Egyptian stock market indices at the end of trading today
The performance of the Egyptian stock exchange indices fluctuated, with trading closing today, Tuesday, influenced by selling pressure from local and foreign investors, matched by selective purchases by Arab investors, amid anticipation of the decision of the Monetary Policy Committee of the Central Bank of Egypt, Thursday, on interest rates.
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The opening and operation of 3 developed gins before the end of 2022 at a cost of 380 million pounds
Hisham Tawfik, Minister of Public Business Sector, held a meeting with officials of the Cotton, Spin, Weave and Garment Control Company and the Misr Cotton Trading and Ginning Company, to determine the executive position of the cotton gin development project.
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Federation of Industries: Facilitating investment procedures and setting up companies will boost the economic sectors
Osama El-Shahed, a member of the Board of Directors of the Federation of Egyptian Industries, praised the decisions of Prime Minister Dr. Mostafa Madbouly welcomes the increase in the percentage of the private sector in the Egyptian economy, the facilitation of licensing and approval procedures, the unification of the entity dealing with the investor and the procedures for setting up companies through the electronic platform.
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Source of supply: Availability of the mobile number registration service on the Egypt support website within hours
An official source at the Ministry of Supply said that the ministry will provide the mobile number registration service for ration card holders within a few hours through the Egypt Support website, in addition to continued registration through supply offices.
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The Ministries of Trade and Housing intend to produce green building materials
The Industrial Technology and Innovation Centers of the Ministry of Trade and Industry and the National Center for Construction and Housing Research of the Ministry of Housing have signed a one-year collaboration protocol in the production of green building materials.

The main objectives of the Cooperation Protocol include the launch of a Green Building Products Initiative with a documented point on both sides, the qualification of companies to obtain Green Label grants, the establishment of the necessary controls and procedures for determining the green product, setting standards and tests required for the award of the mark, determining the period for the renewal of the mark, and coordination with all parties involved in the award process Accreditation of green building material products, as well as coordination in the selection of design for its own atmosphere and cooperation between the two parties in conducting tests with centers for marble technology, mining, cleaner production, plastics, furniture and wood.
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Minister of Finance calls for a unified Africa strategy on finance and climate change issues
Finance Minister Mohamed Maaait said a unified African strategy should be found on finance and climate issues; It contributes to enabling the continent to deal positively and flexibly with the environmental and economic consequences of the phenomenon of climate change, and calls for the adoption of new mechanisms such as the establishment of “hedge funds” aimed at Africa economies against global shocks and external fluctuations.
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The Minister of Trade agrees to exclude spaghetti from the export ban decision
Nevin Jameh, Minister of Trade and Industry, agreed on 16 May 2022 to replace spaghetti pasta with export ban decision no. 141 of 2022.
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For the 65th consecutive day … a huge turnout of citizens at the We Are One Initiative stores
Citizens flocked en masse, for the 65th consecutive day, to the outlets announced by the Ministry of Home Affairs, and to take part in the activities of the 22nd phase of the (We are all one) initiative which took place in mid-March under the banner of President Abdel was launched. Fattah El-Sisi, on the occasion of the holy month of Ramadan, and was extended on the occasion of Eid al-Fitr.
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