Al-Shorouk Economic Bulletin Monday, June 6: Foreign reserves fall to $ 35.4 billion



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Posted on: Monday, 06 June 2022 – 17:13 | Last updated: Monday 6 June 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, Monday, June 6, 2022, which came to the fore:

Foreign reserves decreased by $ 1.63 billion at the end of May
The Central Bank announced a decline in foreign exchange reserves of about $ 1.63 billion at the end of May, as it fell to about $ 35.495 billion, compared to about $ 37.123 billion at the end of last April, according to the Central Bank’s data on its website.
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World Bank praises Egypt’s economic reforms to support growth
The delegation of CEOs highlighted the ambitious economic reforms implemented by Egypt since 2016, and its handling of various economic challenges, and the discussions held by the Ministry of International Cooperation on the level of promoting innovative financing within the framework of the United Nations Climate Change Conference COP27 faith. The members of the delegation confirmed that the Bank is eager to cooperate with Egypt in all areas of development, in particular food security, in view of the economic challenges facing the whole world as a result of developments at the level of the repercussions of Corona and the Russo-Ukrainian war.
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Taxes require companies to register in the electronic invoicing system before 15 June
Reda Abdel Qader, Head of the Tax Authority, emphasized the zeal of the Ministry of Finance and the Government to facilitate the financiers who are obliged to join the electronic billing system, which is applied in a phased manner, with a calls on the companies obliged to join the system in its seventh phase in accordance with Resolution No. (208) for the year 2022, to quickly implement the registration procedures on The system through the self-registration function, and the acquisition of the electronic stamp before 15 June.
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Al-Saeed discusses the files of the G20 summit and the Cop27 conference with the Indonesian Minister of Finance
Hala Al-Saeed, Minister of Planning and Economic Development, met with the Indonesian Minister of Finance, Sri Mulyani Indrawati, on the sidelines of the annual meetings of the Islamic Development Bank Group in its 47th session, and the two ministers discussed aspects of cooperation discussed between the two. countries in the light of Egypt’s presentation of COP27, the United Nations Framework Convention on Climate Change (UNFCCC) .As well as Indonesia’s presidency of the G20 summit and its host for the next meeting of the summit.
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A collaborative protocol between 3 ministries to provide productive livestock to small breeders
The Ministries of Social Solidarity, Endowment Funds, Agriculture and Land Reclamation signed a joint co-operation protocol this morning, with the aim of providing livestock with dual-purpose producing cows, which are distributed to small breeders for the purpose of producing milk and meat, in the several governorships of the Republic from the most needy families, with the aim of reaching a plan Ambitious aim to develop livestock and increase the deduction of dairy and red meat.
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EFG Hermes Announces Completion of Kuwait’s Ali Al-Ghanim IPO Advisory Services
The promotional and underwriting sector of EFG Hermes has managed to provide advisory services for the private placement transaction of Ali Al-Ghanim & Sons Automotive Company, valued at $ 323 million on the Kuwaiti Stock Exchange. The company’s first offering in the Kuwaiti market.
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Consumer protection launches campaigns in bakeries and restaurants in the New Valley
The New Valley Consumer Protection Office, in collaboration with the Directorate of Supply and Inland Trade, has launched campaigns in municipal bakeries and various markets to control markets and ensure that bread subsidies reach their beneficiaries with the specified quality and weight.
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16 ships total navigation traffic in Port Said ports
The Suez Canal Economic Zone announced that Port Said ports recorded the entry and exit of 16 ships during the trading operations, and East Port Said Port recorded the entrance of 3 container ships and the exit of 3 ships, and there are ‘ a ship at the berths. , and two ships are expected to enter.
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Catering begins to activate the leadership selection committees of the Ministry’s headquarters in the Administrative Capital
The Minister of Supply and Internal Trade, Ali Al-Moselhi, instructed the holding of committees to select leadership positions from the ministry’s headquarters in the new administrative capital, in the light of the political leadership’s prescriptions to prepare for the move to the administrative capital. .
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Slight decline in the stock market at the end of trading
The Egyptian stock market indices fluctuated at the end of trading today, Monday, as the main “EGX30” index fell by 0.01% at the level of 9,984.92 points, while the “EGX 100” index by 0.4 % at the level of 2,639.79 points. , and the “EGXX70” index increased by 0.01% to the level of 9 984.92 points. »By 0.49% at the level of 1762.26 points.

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