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Economy Brief today, Friday 18-6-2021.. Offering social housing units in the Administrative Capital 2022


Today, Friday 18-6-2021, witnessed the announcement of a large number of important economic news, whether local or international, most notably the announcement by Engineer Khaled Abbas, Deputy Minister of Housing for National Projects, the start of offering the first housing units in the social housing project for the low-income category, within the new administrative capital, starting from Next year, and the implementation of the new program to support exports from the beginning of next July for a period of 3 years, to raise employment rates in various industries to absorb the additional capacities, as a result of the suspension of some economic activities.



Introducing social housing units in the new administrative capital as of next year

Engineer Khaled Abbas, Deputy Minister of Housing for National Projects, announced the start of offering the first housing units in the social housing project for the low-income category, within the new administrative capital, as of next year, noting that the administrative capital will include units for all groups and not for a specific group.

 

"Abbas" told "Youm7", during his meeting with colleague Ahmed Hassan in the Heliopolis Program, that the delay in offering units for low-income people in the New Administrative Capital, due to the Ministry of Housing's preoccupation with offering a large group of various housing units in Badr City, and the ministry's policy to offer units After completing projects.


"Housing" gives landowners of the Al-Ahram desert 10 days to submit requests to regularize their status

Engineer Hatem Mahmoud, Vice President of the Urban Communities Authority for the Real Estate and Commercial Affairs Sector, said that it was decided to reopen the door for progress from next Sunday, corresponding to June 20, and until Wednesday, corresponding to June 30, for a period of 10 days, for those who had previously dealt under sales contracts or Ownership documents for lands located within the limits of Republican Decree No. 566 of 2020, regarding the reallocation of an area of ​​880.99 acres (Al-Ahram desert area), and an area of ​​21.83 acres, transferred from the lands allocated to Giza Governorate, for the benefit of the New Urban Communities Authority to be used in the establishment of a new urban community, in response to Citizens' desire to reconcile their situation.

 

"Mahmoud" explained, in a press statement, today, Friday, that applications are submitted to the 6th of October City Authority, on the form prepared for this, which is disbursed free of charge, and all documents indicating ownership (original for perusal + copy), and a survey upload from an approved authority are submitted. , stressing that the New Urban Communities Authority is the only authority with jurisdiction over these lands, and that any transaction on them can only take place through the 6th of October City Authority, in accordance with the provisions of Law No. 59 of 1979 in the matter of new urban communities.

 

Minister of Commerce: 3-year duration of the export subsidy program and the start of implementation next July

Nevin Jameh, Minister of Trade and Industry, confirmed that the approval of the new program to repay the burdens of exports represents an important step towards implementing the ministry’s plan and strategy to double exports and bring them to $100 billion annually, especially in light of the unprecedented interest of the political leadership and the government in the file of export development to foreign markets as one of the tributaries The main source of foreign exchange in the Egyptian economy.

 

Nevin Jameh added that the new program will begin to be implemented from the beginning of next July for a period of 3 years, noting that the program aims to raise employment rates in various industries to absorb the additional energies, as a result of the suspension of some economic activities, and to achieve a qualitative leap in local and foreign investments in industries. In a manner that accommodates the economic changes resulting from the global outbreak of the Corona epidemic, in addition to deepening the industry and raising quality levels.

 


Gold corrects its course and heads for a temporary rise and rises two pounds in Egypt

Gold prices rose Friday, June 18, 2021 in global stock exchanges, after a decline that lasted more than 72 hours, following the announcement of the US Federal Reserve’s direction to raise interest rates during 2023.

 

And here in the goldsmiths market in Egypt, prices witnessed a limited increase of only 2 pounds, to record 21 karat gold, which is the best-selling in Egypt, 772 pounds per gram.


Gold price today in Egypt

18 caliber record 661.75 pounds

21 caliber recorded 772 pounds

24 caliber recorded 883 pounds

The gold pound is 6176 pounds

An ounce of gold is 1792 dollars



The value of trading on the Egyptian Stock Exchange increased to 26.2 billion pounds in 5 sessions

The main index of the Egyptian Stock Exchange “EGX30” decreased by 1.13% to close at the level of 9865.59 points, during the sessions of the last week, and the index of small and medium stocks “EGX 70 of equal weights” fell by 3.65% to close at the level of 2297.48 points, and the “EGYX” index recorded X 100 of equal weights” decreased by 3.22%, closing at the level of 3226.45 points, and the “EGX 30” index of fixed weights recorded a decrease of 1.17%, closing at the level of 12399.30 points, and the Nile Stock Exchange index fell by 1.73% to close at 1292.43 points.

 

As for trading, the total value of trading on the Egyptian Stock Exchange rose to 26.2 billion pounds during the last week, while the trading volume amounted to about 2.298 billion papers executed on 232 thousand transactions, compared to a total trading value of 20.2 billion pounds, and the volume of trading amounted to 2.844 billion papers executed on 264 A thousand operations in the past week.

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