Tuesday, 07 February 2023 10:00 PM
Colleague Abdel Halim Salem reviewed a number of economic news on Al-Youm Al-Sabea TV Published by the Economic Dailyfrom which it retreated Gold prices today In Egypt, at the level of 1710 pounds for a gram of 21 carat gold, which is the best-selling in Egypt, a decrease of 10 pounds at the beginning of trading today, Tuesday..
The bulletin reviewed the statements of Engineer Khaled Abbas, Chairman of the Board of Directors of the Administrative Capital Company for Urban Development, that all ministries and government agencies will fully move to work from the New Administrative Capital by the end of next March, adding that 9 ministries have already moved to work from the capital at the present time, and work is underway to move the rest. Ministries and agencies in agreement with the Council of Ministers during the coming period.
Abbas presented, during his speech at a meeting with the Egyptian Businessmen Association, today, Tuesday, at the association’s headquarters in Giza, the infrastructure services implemented to receive workers in the ministries, whose number is expected to range between 40-50 thousand employees, most notably a smart infrastructure that is fully managed through A huge control center, monitored through 1500-2000 cameras that monitor all parts of the project, starting from the entry gates, as well as a modern and environmentally friendly transport network, and various services, between educational services, and there are currently 6 colleges with 12 thousand students, in addition to other universities Under study, as well as various recreational services and gardens on huge areas.
Abbas revealed the future projects of the Administrative Capital during the coming period, saying that a large proportion of the construction work for the sports city in the capital has been completed, to be handed over to the Ministry of Youth and Sports during the second half of this year, and work will also be done to establish a huge industrial zone south of the road. Ain Sukhna during the coming period, and we expect it to witness high demand in light of the infrastructure it will provide at the highest level..
The bulletin also reviewed the Central Bank of Egypt’s announcement last Sunday of an increase in foreign exchange cash reserves by about $222 million, to reach about $34.224 billion at the end of last January, compared to $34.002 billion in the previous December..
The cash reserve at the Central Bank of Egypt recorded an increase for the fourth consecutive month, bringing the total increase during the period from September to December 2022, to $860 million..
The reserve currently covers 5.4 months of Egypt’s foreign imports, which exceeds the measures of reserve adequacy according to international standards..
