Egypt’s initiative to offer goods at reduced costs to start Sunday

Picture of a fruit shop in Cairo, on July 5, 2019. Global demand for agricultural products is projected to grow by 15 percent over the coming decade. (File/AFP)
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Updated 26 July 2020

Egypt’s initiative to offer goods at reduced costs to start Sunday

  • The initiative aims to offer up to 20 percent discount on items in order to help support Egyptian consumers
  • The plan comes as part of the country’s efforts to contribute to improving the economic situation in Egypt

DUBAI: Egypt’s presidential plan to provide consumers with goods at lower costs will start on Sunday, local daily Egypt Today reported.
The initiative aims to offer up to 20 percent discount on items in order to help support Egyptian consumers.
The plan comes as part of the country’s efforts to contribute to improving the economic situation in Egypt for the benefit of the manufacturers, traders and consumers, Minister of Justice Mohamed Maait said.
The initiative also aims to encourage factories to operate at their full production capacities, stimulate the local goods, improve the internal trade movement, meet citizens’ wants at reasonable prices, and raise the economic growth rate, he added.
Maait also said the presidential plan includes home appliances, electronic devices, clothes, leather products and furniture which are available on the initiative’s website:
https://www.mobadra.gov.eg/
Consumers are capable of buying items on instalments, as the initiative offers goods at low-interest rates in cooperation with Egyptian banks, and finance companies, he added.


EU must stand firm regarding Turkey, says France’s Beaune

Updated 01 October 2020

EU must stand firm regarding Turkey, says France’s Beaune

  • “In the short-term there must be signals of resolve. We will see if there are sanctions,” a French minister said

PARIS: The European Union must stand firm against Turkey and this could mean possible sanctions, junior European Affairs Minister Clement Beaune said on Thursday.
“In the short-term there must be signals of resolve. We will see if there are sanctions,” he said on broadcaster France 2 television.
EU leaders are set to meet in Brussels on Thursday for two days of discussions notably on tensions in the Eastern Mediterranean and relations with Turkey.