Economy news today: The Minister of Public Business Sector is following up on the spinning and weaving development project

Today, Saturday 17-9-2022, the news of the Egyptian economy varied, the most important of which was that Engineer Mahmoud Esmat, Minister of Public Business Sector, visited the headquarters of the Holding Company for Cotton, Spinning, Weaving and Clothing, where he chaired a meeting to follow up the executive position of the project to develop the cotton, spinning and weaving companies affiliated with the ministry..

The Minister of Public Business Sector follows up on the developments in the implementation of the project to develop spinning and weaving companies


Engineer Mahmoud Esmat, Minister of Public Business Sector, visited the headquarters of the Holding Company for Cotton, Spinning, Weaving and Clothing, where he chaired a meeting to follow up on the executive position of the project to develop cotton, spinning and weaving companies affiliated to the Ministry.

During his meeting with representatives of the International Consulting Office “Warner” supervising the development project and engineering consultancy offices, in the presence of Dr. Ahmed Mostafa, the Executive Director of the Holding Company for Spinning and Weaving, he continued the development of the works within the framework of the timetable set for the implementation of the development project..

During the meeting, the minister reviewed the latest developments regarding the project in its various axes, whether in the construction work, which includes about 65 sites ranging from factories, warehouses, facilities, power stations, and others, in addition to developments regarding the position of supplying modern machines, which arrived first shipments last August, and shipments continue during The coming period, in addition to implementing training programs for employees on how to deal with modern equipment and machines.

“Taxes” demands the speedy accession of obligated taxpayers to the electronic receipt system


Mokhtar Tawfik, head of the Egyptian Tax Authority, called on financiers and taxpayers who are obligated to join the electronic receipt system in its first phase, to quickly join the system so that legal measures are not taken against it, pointing out that the implementation of the first phase of the system has started in the outlets for providing goods and services in 153 companies, in accordance with Resolution No. 289 of the year 2022 since last July 1.

Mukhtar Tawfiq stressed that according to the provisions of Article 35 of the Unified Tax Procedures Law, companies and other legal persons are obligated to register their sales on the electronic system, as well as Article 37 of the same law, which stipulates that every financier or taxpayer is obligated to issue a tax invoice or receipt in An electronic form, pointing out that the Authority will not hesitate to take measures that will recover the rights of the state’s public treasury, and will take all legal measures against financiers and taxpayers who are not committed to joining the electronic receipt system in accordance with the provisions of the Unified Tax Procedures Law

The Minister of Commerce and Industry inaugurates the latest laboratory for testing electric motors


Engineer Ahmed Samir, Minister of Trade and Industry, confirmed that upgrading the technical and laboratory capabilities and components of the affiliated bodies and agencies is a top priority of the ministry’s work plan during the current stage, pointing to the ministry’s keenness to expand the establishment of specialized and accredited examination laboratories in order to implement the latest systems and rules followed internationally in examination procedures. And the release of exported and imported shipments, which contributes to facilitating the movement of trade between Egypt and the countries of the world.

He said that the ministry is working to develop the procedural system in the branches of the Export and Import Control Authority and accelerate the pace of examination and release of shipments in coordination with the concerned agencies, which contributes to improving the system of services provided to the community of exporters and importers, stressing the need to adhere to the application of standard specifications and quality standards on all products. Imported, to preserve the health and safety of the Egyptian consumer .

Tarek El Molla inspects development projects and inaugurates the Ismailia Canal Road in Mostorod.. Pictures


Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, accompanied by Major General Abdel Hamid El Hagan, Governor of Qalyubia, and leaders of the petroleum sector, inspected development projects and community development in the petroleum geographic region in Mostorod, which is a major area serving the Greater Cairo Region, and is constantly witnessing an increase in its refining, marketing and distribution capabilities.

Al-Mulla and the governor inaugurated the Ismailia Canal Road in the Mostorod region, which the oil companies in the region financed its development and raised its efficiency in a manner that suits the region. Completion of development work and raising its operational efficiency.

At the beginning of the tour, the Minister chaired a meeting of the Geographical Committee of Petroleum Companies in the Mostorod region, in the presence of the Governor of Qalyubia and the heads of the petroleum companies operating in the region. The governorate is working to speed up the implementation of presidential directives by increasing the contribution to development projects that the region needs to improve the quality of life in it.


The Ministry of International Cooperation and the European Union organize Energy Day in preparation for a summit COP27


The Ministry of International Cooperation and the European Union organized, “Energy Day Energy Day between the EU and Egypt 2022This comes on the sidelines of the Energy Week activities, in preparation for the Conference of the Parties to the United Nations Convention on Climate Change COP27.

Sherihan Bakhith, assistant minister of international cooperation to oversee cooperation files with the Americas and Europe, represented by Dr. Rania Al-Mashat, Minister of International Cooperation, as well as representatives of the ministries of foreign affairs, environment, electricity, renewable energy, petroleum, mineral wealth, youth and sports, participated in the energy day. Engineer Osama Mubarez also participated in the Energy Day. – Secretary-General of the Eastern Mediterranean Gas Forum, and Dr. Alaa Ezz, Secretary-General of the Federation of Egyptian-European Business Associations.

Planning: 5417 projects in the National Initiative for Smart Green Projects


The Ministry of Planning and Economic Development announced that tomorrow, Sunday, September 18, at eleven o’clock in the evening, is the closing date for submissions for the National Smart Green Projects Initiative on the website. www.sgg.eg

Dr. Hala Al-Saeed, Minister of Planning and Economic Development, said that the daily statistics of projects’ participation in the initiative reflect the extent of the governorates’ interest in participating in the competition, noting that the total number of projects participating in the initiative until yesterday, September 16, reached 5,417 projects within the six categories of the initiative..

Al-Saeed added that it will take place after the door of progress is closed; Starting the evaluation phase and applying the criteria and conditions to the advanced projects from each governorate, explaining that there will be an initial selection of 162 projects from all governorates to be liquidated in the final phase to 18 projects other than the major projects.

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