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Economy Summary.. Federation of Industries: 500 billion pounds in investments in the food sector


Today, Tuesday 27-7-2021, "The Seventh Day website" published a set of important economic news, the most important of which is the announcement of the Federation of Industries the outcome of investments in the food sector worth 500 billion pounds and the increase in the value of exports to about 13 billion dollars... Also, the International Monetary Fund announced its expectations for economic growth world and others.


Federation of Industries: 500 billion pounds in investments in the food sector and 13 billion dollars in exports


The Chamber of Food Industries in the Federation of Industries estimated the investments of the food sector at about 500 billion pounds, as it contributes 24.5% to the gross domestic product and provides 23.2% of the volume of direct and indirect employment in Egypt with about 7 million workers.


The IMF expects the global economy to grow by 6% in 2021


The International Monetary Fund kept its forecast for the global economic growth rate at 6% this year, but raised its forecast for next year's growth by 0.5% to reach 4.9%.


In its latest report on the global economic outlook, issued on Tuesday, the Fund said that it had lowered its forecast for the growth of emerging markets and developing economies for the current year, especially Asian economies, in return for raising its forecast for the growth of advanced economies.


Chairman of the Investment Authority: We are working to increase the productivity of companies operating in the free zones


Counselor Mohamed Abdel Wahab, CEO of the General Authority for Investment and Free Zones, and El Shahat Al Ghaturi, Head of the Customs Authority, held a meeting at the headquarters of the General Authority for Investment with the heads of private and free zone investors associations and public free zones in Nasr City, Alexandria, Port Said, Damietta, Ismailia, Suez, and some Heads of projects operating in free zones, to discuss the draft executive regulations for the new customs law, and activate communication with the business community related to customs work and solve related challenges.


Poultry Wealth Division: Poultry prices continue to decline due to red meat


The General Division of Poultry Wealth of the General Federation of Chambers of Commerce confirmed that poultry prices after the end of Eid al-Adha witnessed a decline, recording the lowest price since last Ramadan, in light of the decline in demand due to the demand for red meat.


Egypt ranks second in the list of favorite tourist destinations for Czech tourists


Egypt ranked second in the list of preferred tourist destinations for the Czech citizen for the summer of 2021, according to the report prepared by the Google search engine for the best five tourist destinations that the Czech citizen is looking for to spend his vacation during the year 2021, as Egypt achieved 21,845 searches on Google within months. Spring, according to a report published by the Czech website Prague Morning.


The head of Al-Warraq reveals the details of the projects being implemented in alternative housing


Engineer Osama Shawky, head of the New Warraq City Development Authority, revealed the details of the executive position of the alternative housing units, which are being implemented on Warraq Island for those who wish to return to the island after its development, where 18 residential towers are being implemented, and finishing works are underway in a number of towers.

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