Our colleague Abdel Halim Salem presented a number of important economic news during his presentation The economic newsletter for the seventh TV day Added today are salary release dates and the return of Hisham Ezz Al-Arab to Commercial International Bank as a non-executive member.
Announced by Commercial International Bank CIB Egypt’s Hisham Ezz Al-Arab joined the bank’s board at the request of its board of directors and the approval of the central bank.
Hisham Ezz Al-Arab held the position of chairman of the board of the commercial bank for 18 years from 2002 to 2020 and has extensive banking experience in the banking sector..
And Hassan Abdullah, governor of the central bank, announced after assuming his position among the chairmen of the boards of directors of the banks last August, the selection of Hisham Ezz Al-Arab, chairman of the Commercial International Bank. CIB Previously, his adviser.
The bulletin examines the announcement of the Ministry of Finance on the dates of payment of salaries for the current month of November, for workers of all ministries, institutions and affiliated institutions, specifying that salaries will be paid from 24 to 28 of every month for a period of 5 days, taking into account holidays and official holidays, provided that membership fees begin to become available Employees working in ATMs according to the dates announced in the electronic financial system.
The Ministry of Finance has invited the administrative authorities to inform their employees of the start date of the disbursement. In order to help reduce crowding at ATMs as much as possible, in a manner consistent with the efforts made by the State to reduce gatherings as part of the precautionary measures, and to facilitate citizens and lighten the burdens weighing on them ..
Abdel Halim Salem reviewed what was confirmed by Rami Youssef, Assistant Minister of Finance for Fiscal Policies and Chairman of the High Committee for the Follow-up of VAT Refunds for Foreign Departures, on Egypt’s success in electronically implementing the VAT refund for tourists through the electronic receipt system and its integration with the electronic payment system, emphasizing that it has been completed Exercising great efforts in a short period to achieve such success, and implementing comprehensive electronic working procedures for the refund of the Value Added Tax on Foreign Departures in Sharm El-Sheikh as part of Climate Summit Activities (cop 27)
Mukhtar Tawfiq, head of the Egyptian Tax Authority, confirmed that the Ministry of Finance and the Egyptian Tax Authority have succeeded in providing an electronic system to refund the value added tax for those who leave the Arab Republic of Egypt from Sharm El-Sheikh airport, which would facilitate procedures and save tourists time and effort, relying on the electronic receipt system, which has been applied to Sharm El-Sheikh financiers in record time.
For his part, Al-Shahat Ghaturi, head of the Customs Authority, said that a collaboration has been started with the Egyptian Tax Authority and all companies in order to facilitate tax refund procedures. Sharm El- Sheikhs have been trained on how to deal with the electronic tax refund system in a short period of time to facilitate the tourists.
The bulletin also dealt with the exchange rates today, Tuesday 11-22-2022 in Egypt:
The dollar registered £24.46 for buying and £24.51 for selling.
The euro posted 25.04 buying, £25.19 selling.
The British pound recorded £28.90 buying, £29.07 selling.
The Saudi riyal registered £6.50 for buying and £6.52 for selling.
The Kuwaiti dinar recorded £76.62 buying and £79.55 selling.
The UAE dirham registered £6.66 for buying and £6.67 for selling.
The price of gold, which rose by 12 pounds and 21 carats, recorded 1312 pounds for the first time, has been revised.
