Egypt's FM highlights 'soft power' in Mali meeting with alumni    Egypt's foreign minister opens business forum in Niger, targets new partnerships    Egypt's FM delivers Al-Sisi message to Niger's leader, seeks deeper security ties    Rafah Crossing 'never been closed for one day' from Egypt: PM    Egypt will keep pushing for Gaza peace, aid: PM    Remittances from Egyptians abroad surge 70% YoY in July–May: CBE    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    Egypt's current account gap narrows, but overall BoP records deficit    Al-Sisi urges accelerated oil, gas discoveries, lower import bill    SCZONE signs $52.6m textile industry deals during China investment tour    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Development, investment on ministerial economic agenda
Ahead of Eid Al-Adha and parliamentary elections, President Al-Sisi and cabinet ministers discuss Egypt's most needed development goals.
Published in Daily News Egypt on 21 - 09 - 2015

President Abdel Fattah Al-Sisi met with the Economic Ministerial Team on Sunday to discuss making services more affordable in accordance with the needs of citizens, said Presidential Spokesperson Alaa Youssef in a statement.
The meeting with the seven ministers, which included Prime Minister Sherif Ismail as well as newly-appointed and old ministers, encompassed the general social long-term and short-term economic development goals.
Al-Sisi met with the ministries of planning, supply, industry and foreign trade, petroleum, finance, investment, and international cooperation.
He stressed the need to render fuel, medicines and commodity supplies economically accessible, especially prior to the Eid Al-Adha holiday.
Economic development was particularly discussed, and Al-Sisi highlighted the need to encourage and attract direct investments while taking into account the opportunities to develop major projects, such as the Suez Canal Development Project and the 1.5m Acres Project.
The projects, intended to be up and running in an adequate time range, is expected to contribute to the economy and the country's GDP.
Although sparse in details, the statement also noted that creative and innovative ideas would be essential in order to increase state revenue. Improvement in state revenue would provide for low-income citizens and the poverty-stricken.
An essential point brought up in the statement was the need to prioritise imports and alleviate the state from the burden of foreign currencies. The President mentioned that "unnecessary products" could always be substituted by local alternatives for competitive prices.
The meeting also stressed on strengthening dialogue with Egyptians living abroad in order to secure closer ties to the homeland. Egyptians living abroad, particularly experts and academics in various fields, would be able to benefit Egypt in its quest for development.
President Al-Sisi encouraged Egyptians living abroad to transfer their savings into Egypt, familiarising themselves with business circles and owning lands.
The ministerial team affirmed their intention meet the needs of citizens, improve the overall standard of living and develop various sectors of the Egyptian economy, as well as to establish more concrete communication with Egyptians living abroad.


Clic here to read the story from its source.