{"id":545942,"date":"2022-04-18T03:17:08","date_gmt":"2022-04-18T03:17:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/18\/govt-to-pay-more-overdue-subsidies-back-to-exporters-in-april-russia-moves-forward-on-dabaa\/"},"modified":"2022-04-18T03:17:08","modified_gmt":"2022-04-18T03:17:08","slug":"govt-to-pay-more-overdue-subsidies-back-to-exporters-in-april-russia-moves-forward-on-dabaa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/18\/govt-to-pay-more-overdue-subsidies-back-to-exporters-in-april-russia-moves-forward-on-dabaa\/","title":{"rendered":"Gov\u2019t to pay more overdue subsidies back to exporters in April + Russia moves forward on Dabaa"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Exporters to get more of their overdue subsidies back in April: <\/strong>Exporters in the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0fdda323-12ba-4afb-befc-55a62a83bcf3\">fourth phase<\/a> of the government\u2019s program to repay overdue subsidies will see only 8% deducted from subsidies on shipments made from July last year, down from a previous 15% haircut, the Finance Ministry said in a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/382766050560488\">statement<\/a>. Exporters are due to receive their payments on 28 April. The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/de9ff00f-8f74-455f-9e89-06cb20d091bf\">program<\/a> allows exporters to receive overdue subsidies in a single payment rather than in installments over four to five years, in return for a haircut. More than 2.5k exporters have received EGP 33 bn in overdue subsidies since the program launched in November 2021, the statement added.<\/p>\n<p><strong>A Russian delegation has visited site of the the future Dabaa nuclear plant<\/strong> to check up on the progress of groundwork at the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/27a6e1fc-82cd-4dd5-abf4-5f1d9d018f3d\">Rosatom-led project<\/a>, according to <a href=\"https:\/\/alborsaanews.com\/2022\/04\/17\/1531132\">Al Borsa<\/a>. Meanwhile, French consulting and engineering firm EGIS is looking into taking part in constructing the nuclear plant, <a href=\"https:\/\/bit.ly\/3rml8US\">Al Mal<\/a> quotes EGIS Egypt CEO Sameh Atallah as saying. The company is also hoping to take part in water desalination, sewage and smart cities projects in Egypt, he added.<\/p>\n<p><strong>Work has started on a Sinopharm-sponsored cold storage facility in Cairo<\/strong>, according to <a href=\"http:\/\/www.ecns.cn\/news\/2022-04-17\/detail-ihaxmtii6883157.shtml\">Chinese media<\/a>. The facility will have capacity to store up to \u201c150 mn doses once finished [and] will also help Egypt achieve the goal of vaccinating 70% of its population by mid-2022,\u201d Chinese ambassador Liao Liqiang is quoted as saying. <a href=\"https:\/\/twitter.com\/CHN_EGY\/status\/1515587790670544896\">More on the embassy\u2019s Twitter.<\/a><\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>We\u2019re importing Russian coal to power cement factories for the first time: <\/strong>Alexandria Port is expecting a shipment of 5k tons of coal from Russia on Thursday, as the global commodities shock forces cement producers to diversify from US suppliers. (<a href=\"https:\/\/bit.ly\/36l3lG2\">Al Mal<\/a>)<\/li>\n<li><strong>Natgas vehicle scheme reaches Luxor, Aswan: <\/strong>Vehicle owners from Luxor and Aswan can now replace their old, gasoline-fired cars with new ones with dual fuel engines gas under the government\u2019s <a href=\"https:\/\/enterprise.press\/hardhats\/feasible-plan-convert-vehicles-natgas-gasoline-national-scale\/\">natgas transition scheme<\/a>, Finance Minister Mohamed Maait said. Almost 18k vehicles have been replaced so far nationwide, including 1.2k taxis and microbuses. (<a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/379763367527423\">Statement<\/a>)<\/li>\n<li><strong>2Africa subsea cable makes first landing in Genoa, Italy:<\/strong> The 2Africa consortium \u2014 comprised of China Mobile International, Meta, MTN GlobalConnect, Orange, stc, Telecom Egypt, Vodafone and WIOCC \u2014 announced the first landing of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/28b96e2a-cedc-4100-97fe-69e8fd907e38\">2Africa cable<\/a> in Genoa, Italy. A total of 46 landings in Africa, Asia and Europe will be added by the time the 45k-km cable is completed in 2024. (<a href=\"https:\/\/ir.te.eg\/en\/CorporateNews\/PressRelease\/161\/2Africa-deployment-underway-with-first-landing-in-Genoa-Italy\">Statement<\/a>)<\/li>\n<li><strong>Recycling startup <\/strong><strong><a href=\"https:\/\/dawarha.com\/\">Dawarha<\/a><\/strong><strong> is using tech to tackle plastic pollution in Egy<\/strong><strong>pt<\/strong> through reverse vending machines that <a href=\"https:\/\/www.wamda.com\/2022\/04\/startup-tackling-plastic-waste-egypt-reverse-vending-machine\">reward consumers<\/a> for depositing empty single-use plastic bottles.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Exporters to get more of their overdue subsidies back in April: Exporters in the fourth phase of the government\u2019s program to repay overdue subsidies will see only 8% deducted from subsidies on shipments made from July last year, down from a previous 15% haircut, the Finance Ministry said in a statement. Exporters are due to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,144,116,471,1740,9201,72,276,491,246,7111,131,268,677,451,98,132,113],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545942","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-automotive","tag-china","tag-dabaa-nuclear-plant","tag-dawarha","tag-egis","tag-enterpriseam","tag-finance-ministry","tag-france","tag-green-economy","tag-infrastructure","tag-manufacturing","tag-natgas-transition-scheme","tag-nuclear-energy","tag-recycling","tag-subsidies","tag-trade","tag-vaccines","wpautop","entry"],"acf":{"mongo_id":"a07e57d5-42b9-4637-9eb3-da04e571f92e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[545932],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gov\u2019t to pay more overdue subsidies back to exporters in April + Russia moves forward on Dabaa - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/18\/govt-to-pay-more-overdue-subsidies-back-to-exporters-in-april-russia-moves-forward-on-dabaa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t to pay more overdue subsidies back to exporters in April + Russia moves forward on Dabaa\" \/>\n<meta property=\"og:description\" content=\"Exporters to get more of their overdue subsidies back in April: Exporters in the fourth phase of the government\u2019s program to repay overdue subsidies will see only 8% deducted from subsidies on shipments made from July last year, down from a previous 15% haircut, the Finance Ministry said in a statement. 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The program allows exporters to receive overdue subsidies in a single payment rather than in installments over four to five years, in\u2026","rel":"","context":"In &quot;SUBSIDIES&quot;","block_context":{"text":"SUBSIDIES","link":"https:\/\/enterpriseam.com\/egypt\/category\/subsidies\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/325.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546627,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/exporters-want-more-support-as-govt-wraps-up-latest-phase-of-subsidy-program\/","url_meta":{"origin":545942,"position":1},"title":"Exporters want more support as gov\u2019t wraps up latest phase of subsidy program","author":"enterpriseam admin","date":"23 May 2022","format":false,"excerpt":"Gov\u2019t wraps up fourth phase of export subsidy program: Some EGP 261 mn in overdue export subsidies was paid out to more than 130 businesses during the fourth phase of the government\u2019s export subsidy program, which started in November, the Finance Ministry said in a statement. The program allows exporters\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577944,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/egypt-buys-more-russian-wheat\/","url_meta":{"origin":545942,"position":2},"title":"Egypt buys more Russian wheat","author":"enterpriseam admin","date":"11 December 2022","format":false,"excerpt":"COMMODITIES-State grains buyer GASC purchased 260k tons of Russian wheat directly from buyers at USD 354 per ton on a cost and freight basis, according to Agricensus. GASC made at least one other direct purchase of Russian wheat last month shortly after it canceled a tender due to high prices.TRADE-The\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/192.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578204,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/19\/another-export-subsidies-milestone-beni-suef-dry-port-tender-coming-next-year\/","url_meta":{"origin":545942,"position":3},"title":"Another export subsidies milestone + Beni Suef dry port tender coming next year","author":"enterpriseam admin","date":"19 December 2022","format":false,"excerpt":"EXPORTS- That\u2019s a wrap: The government disbursed EGP 2.5 bn to 584 exporters last Thursday to wrap the fifth phase of its export subsidy program, the Finance Ministry said in a statement. The fifth phase of the program saw more than 1.6k exporters receive a total EGP 9.7 bn in\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/394.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592690,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/04\/egypt-gives-exporters-egp-600-mn-in-tax-breaks-to-settle-overdue-subsidies\/","url_meta":{"origin":545942,"position":4},"title":"Egypt gives exporters EGP 600 mn in tax breaks to settle overdue subsidies","author":"enterpriseam admin","date":"4 November 2019","format":false,"excerpt":"FinMin gives exporters EGP 600 mn in tax breaks to settle overdue subsidies: The Finance Ministry has settled EGP 600 mn in overdue export subsidies in the past three months via providing tax breaks, Vice Finance Minister Ahmed Kouchouk said. The ministry received some 60 requests from companies looking to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":585777,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/30\/govt-to-hand-out-another-egp-10-bn-in-export-subsidies\/","url_meta":{"origin":545942,"position":5},"title":"Gov\u2019t to hand out another EGP 10 bn in export subsidies","author":"enterpriseam admin","date":"30 April 2023","format":false,"excerpt":"The sixth phase of the program opens for applications in May","rel":"","context":"In &quot;Trade&quot;","block_context":{"text":"Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/950.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=545942"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545942\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/545932"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=545942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=545942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=545942"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=545942"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=545942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}