{"id":581598,"date":"2023-02-16T00:00:00","date_gmt":"2023-02-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/cabinet-gives-poultry-producers-a-break\/"},"modified":"2023-02-16T00:00:00","modified_gmt":"2023-02-16T00:00:00","slug":"cabinet-gives-poultry-producers-a-break","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/cabinet-gives-poultry-producers-a-break\/","title":{"rendered":"Cabinet gives poultry producers a break"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Yesterday at the cabinet: <\/span><span style=\"\">The cabinet gave poultry players tax breaks, two executive <\/span><span style=\"\">regulations the greenlight, <\/span><span style=\"\"> an<\/span><span style=\"\">d approved more funding from the European Bank for Reconstruction and Development (EBRD), it said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0xK3DJcvJEZRM7e5A55taESodXnK3UUD8gj2bpMkbNPaH7BypF1CpXJdR5PknnED3l\" style=\"\">a statement<\/a><\/span><span style=\"\"> following its weekly meeting yesterday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">No real estate taxes for poultry players: <\/span><span>P<\/span><span>oultry producers are being added to the list of 19 industries getting a three-year holiday from real estate taxes until the end of 2024. The tax holiday for manufacturers was first announced as part of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/03\/22\/more-than-a-spoonful-sugar-to-help-the-medicine-go-down-67368\/\" style=\"\">EGP 130 bn economic support package<\/a><\/span><span> unveiled by the Madbouly government in the spring and <\/span><span style=\"\">was at the time <\/span><span>expected to cost the government some EGP 3.75 bn. <\/span><span style=\"font-weight:400;\">The poultry industry has been under pressure for almost a year after import curbs introduced to keep FX in the country caused shortages of feed and surging input costs.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">New tourism + fisheries laws come into effect: <\/span><span style=\"\">The cabinet <\/span><span style=\"\">approved the <\/span><span style=\"\">executive regulations for overhauled <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/enterprise.press\/stories\/2021\/09\/30\/cutting-red-tape-for-hotels-tourism-outfits-54660\/\" style=\"\">Tourism and Hotels Act<\/a><\/span><span style=\"\">, which simplifies licensing rules for hotels and tourism companies in a bid to improve the business environment and cut red tape in the sector.<\/span><span style=\"\"> Ministers also signed off on the executive regulations for <\/span><span>the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.press\/stories\/2021\/07\/26\/kwd-5-5-mn-kuwait-fund-for-arab-economic-development-loan-ratified-47940\/\" style=\"\">Protection and Development of Lakes and Fisheries Act<\/a><\/span><span>, which was signed into law last year. The law regulates fish farms and establishes a new authority to protect lakes and fisheries against <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/01\/10\/unsustainable-practices-lead-to-decline-in-mediterranean-fisheries-93187\/\" style=\"\">pollution and land encroachment<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">AND- The cabinet greenlit an E<\/span><span style=\"font-weight:700\">UR 1.85 mn grant from the EBRD<\/span><span style=\"\"> to upgrade the Ca<\/span><span style=\"\">iro Metro <\/span><span>Line 2<\/span><span>. The EBRD is already loaning us <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2021\/08\/22\/more-ebrd-finance-for-the-cairo-metro-51161\/\" style=\"\">EUR 250 mn<\/a><\/span><span style=\"font-weight:400;\"> to purchase new rolling stock and refurbish existing trains for the line. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Poultry producers will get a three-year holiday from real estate taxes.<\/p>\n","protected":false},"author":1,"featured_media":581599,"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":[7306],"tags":[282,72,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-581598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet-watch","tag-cabinet-watch","tag-enterpriseam","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"61dd91c1-9f13-452a-afc4-34aabb0a1878","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/7\/Cabinet-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[581585],"teaser":"Poultry producers will get a three-year holiday from real estate taxes."},"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>Cabinet gives poultry producers a break - 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\/2023\/02\/16\/cabinet-gives-poultry-producers-a-break\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet gives poultry producers a break\" \/>\n<meta property=\"og:description\" content=\"Poultry producers will get a three-year holiday from real estate taxes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/cabinet-gives-poultry-producers-a-break\/\" 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April 2023","format":false,"excerpt":"Fresh approvals out of the cabinet\u2019s weekly meeting","rel":"","context":"In &quot;Cabinet watch&quot;","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/258.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622704,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/shorter-work-week-proposal-scraped-law-to-regulate-poultry-industry-arrest-of-egyptian-militant-still-getting-airtime\/","url_meta":{"origin":581598,"position":1},"title":"Shorter work week proposal scraped; law to regulate poultry industry, arrest of Egyptian militant still getting airtime","author":"enterpriseam admin","date":"10 October 2018","format":false,"excerpt":"The airwaves offered up a mixed bag of nuts last night, with topics ranging from a rejected proposal for a shorter work week for state employees, a law regulating the poultry industry, and the arrest of an Egyptian militant in Libya.The Madbouly Cabinet has officially nixed a proposal to shorten\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550177,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/17\/last-nights-talk-shows-cheep-shots\/","url_meta":{"origin":581598,"position":2},"title":"Last Night\u2019s Talk Shows: Cheep shots","author":"enterpriseam admin","date":"17 October 2022","format":false,"excerpt":"The talking heads were counting chickens last night after both the House of Representatives and Prime Minister Moustafa Madbouly tackled the poultry feed shortage yesterday (more on that in this morning\u2019s Legislation Watch, above).The chairman of the poultry union welcomed the government\u2019s move to release some feed from ports. Farms\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599185,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/cabinet-agrees-to-lower-interest-rates-on-industrial-land-purchases\/","url_meta":{"origin":581598,"position":3},"title":"Cabinet agrees to lower interest rates on industrial land purchases","author":"enterpriseam admin","date":"20 June 2019","format":false,"excerpt":"CABINET WATCH- Gov\u2019t agrees to lower interest rates on industrial land purchases: The cabinet has agreed to a proposal from the Industrial Zones Coordination Council to set the interest rate for industrial land purchases at 7% per year,instead of CBE rates, it said in a statement yesterday following its weekly\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":581609,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/chickens-and-cars-top-coverage\/","url_meta":{"origin":581598,"position":4},"title":"Chickens and cars top coverage","author":"enterpriseam admin","date":"16 February 2023","format":false,"excerpt":"A lifeline for poultry producers and automotive industry?","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Masaa-DMC-poultry-tax-breaks-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":642182,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/08\/nine-poultry-producers-indicted-on-price-collusion-charges-referred-to-economic-court\/","url_meta":{"origin":581598,"position":5},"title":"Nine poultry producers indicted on price collusion charges, referred to economic court","author":"enterpriseam admin","date":"8 August 2017","format":false,"excerpt":"Nine poultry producers indicted on price-fixing charges: Authorities have indicted nine poultry producers for market manipulation and anti-competitive practices. The companies could face trial before one of the nation\u2019s economic courts, according to Al Borsa. The case relates to incidents from 2013, which the Egyptian Competition Authority (ECA) believed showed\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/581598","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=581598"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/581598\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/581585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/581599"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=581598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=581598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=581598"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=581598"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=581598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}