El Sisi is adamant about reclaiming ‘occupied’ state land: The government is pressing ahead with its campaign to reclaim state-owned land from trespassers and will evaluate the progress on these efforts at the end of the month with input from governors “and the youth,” President Abdel Fattah El Sisi said at the inauguration of development projects in Damietta yesterday, Al Borsa reports. The president also discussed the effects of the EGP flotation on the country, saying that while it was tough for citizens, it gave the country a chance to increase industrial and agricultural exports, according to Al Shorouk. El Sisi instructed Trade and Industry Minister Tarek Kabil to facilitate low-interest loans for workshop owners in the Damietta furniture city, the construction of which kicked off yesterday.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…