{"id":586441,"date":"2023-05-11T00:00:00","date_gmt":"2023-05-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/11\/19-ministries-are-moving-to-the-new-capital-next-week\/"},"modified":"2023-05-11T00:00:00","modified_gmt":"2023-05-11T00:00:00","slug":"19-ministries-are-moving-to-the-new-capital-next-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/11\/19-ministries-are-moving-to-the-new-capital-next-week\/","title":{"rendered":"19 ministries are moving to the new capital next week"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Another 19 government ministries and agencies will move to the new <\/span><span style=\"font-weight:700\">a<\/span><span style=\"font-weight:700\">dministrative capital next week<\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3BfqGoy\" style=\"\">cabinet said<\/a><\/span><span> yesterday following its weekly meeting. Fourteen <\/span><span>government ministries and agencies have already made the move, the statement says.<\/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;\">GOLD CUSTOMS EXEMPTIONS GREENLIT-<\/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\">Ministers <\/span><span style=\"font-weight:700\">approved a draft decision that allows Egyptians living abroad to import <\/span><span style=\"font-weight:700\">gold to Egypt without paying customs duties<\/span><span> for a six-month period, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid026qvBXa8Auqyc7Ai6Xvx619nxGKtgdCCf3DWYK4tdFY6vD4EFu483yc9zPqpeAUNFl\" style=\"\">a separate statement<\/a><\/span><span>. The decision, published in the <\/span><span>Official Gazette yesterday<\/span><span>, also included jewelry, even that which includes precious stones, with the exception of pearls \u2014 real and fake \u2014 and gemstones. Supply Minister Ali El Moselhy <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b76ec80b-bf18-47d1-bf53-07b5b9cefb8f\" style=\"\">first proposed the move<\/a><\/span><span> in a bid to help stabilize the gold market, where prices have more than <\/span><span>doubled <\/span><span>over the past year.<\/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\">How much of a difference is this expected to make? <\/span><span style=\"\">Gold prices are expected to drop by <\/span><span>EGP 50-100 per gram on the back of the decision, Amir Rizk, member of the Gold Division at the Chamber of Commerce, told Yahduth Fi Masr last night (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=Xca7Qtd9ROs\" style=\"\">watch, runtime: 6:38<\/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\">Putting that figure in context:<\/span><span style=\"\"> Since the start of the year, the price of 21-carat gold has soared <\/span><span>more than 50% from <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youm7.com\/story\/2023\/1\/1\/%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D8%B0%D9%87%D8%A8-%D8%A7%D9%84%D9%8A%D9%88%D9%85-%D8%A7%D9%84%D8%A3%D8%AD%D8%AF-1-%D9%8A%D9%86%D8%A7%D9%8A%D8%B1-2023-%D9%81%D9%89-%D9%85%D8%B5%D8%B1\/6028775#:~:text=%D8%B3%D8%AC%D9%84%D8%AA%20%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1%20%D8%A7%D9%84%D8%B0%D9%87%D8%A8%20%D9%81%D9%8A%20%D9%85%D8%B5%D8%B1,%D8%A3%D9%88%D9%84%20%D9%8A%D9%88%D9%85%20%D9%81%D9%8A%20%D8%A7%D9%84%D8%B3%D9%86%D8%A9%20%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9.\" style=\"\">EGP 1,675 per gram<\/a><\/span><span> to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2883505\" style=\"\">EGP 2,560<\/a><\/span><span style=\"font-weight:400;\"> as of 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;\">ALSO APPROVED- <\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Takaful and Karama social support program: <\/span><span style=\"\">The cabinet approved the USD 500 mn <\/span><span>in additional financing from the World Bank to extend the Takaful and Karama program that was <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/29a80974-4fef-4290-bd28-dc46eb661d62\" style=\"\">agreed in December<\/a><\/span><span>;<\/span><\/li>\n<li><span style=\"font-weight:700\">Dual taxation agreement with Qatar:<\/span><span style=\"\"> The cabinet approved the <\/span><span style=\"\">agreement<\/span><span style=\"\"> signed with <\/span><span>Qatar in February to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/45a28956-8000-42b1-948c-4eea40a6fb50\" style=\"\">scrap double taxation<\/a><\/span><span> and crack down on tax evasion;<\/span><\/li>\n<li><span style=\"font-weight:700\">The African Continental Freetrade Area (AfCFTA): <\/span><span style=\"\">The cabinet approved a <\/span><span>presidential decision to publish the list of customs breaks in <\/span><span>the AfCFTA, which aims to boost trade and investment across the continent;<\/span><\/li>\n<li><span style=\"font-weight:700\">African Space Agency:<\/span><span style=\"\"> The cabinet approved the African Union and the Higher <\/span><span>Education Ministry\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13becaca-859f-4d08-a629-bdb8beb4d3d3\" style=\"\">agreement<\/a><\/span><span> to establish the headquarters of the African Space Agency in Egypt.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The number of gov\u2019t bodies working at the NAC will jump to 33 next week<\/p>\n","protected":false},"author":1,"featured_media":586442,"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":[423,7053,282,317,168,72,7093,875,190,2200,69,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-586441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet-watch","tag-african-continental-free-trade-area","tag-african-space-agency","tag-cabinet-watch","tag-commodities","tag-diplomacy","tag-enterpriseam","tag-gold","tag-new-administrative-capital","tag-social-welfare","tag-takaful-and-karama","tag-tax","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"a2035bc0-eabe-475f-872b-d3e06dc2ca2b","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/600.jpg","photo_position":"above","homepage_title":"","full_issue_title":"19 Egyptian ministries are moving to new capital next week","related_issue":[586429],"teaser":"The number of gov\u2019t bodies working at the NAC will jump to 33 next week","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.6e3da8d0-ae68-4ffa-a83c-19f3f1f30269.mp3"},"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>19 ministries are moving to the new capital next week - 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\/05\/11\/19-ministries-are-moving-to-the-new-capital-next-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"19 ministries are moving to the new capital 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ready for their move to the new administrative capital next summer, with work on the government district scheduled to be completed by 30 June 2021, Armed Forces Engineering Authority boss Ehab El Far said, according to a cabinet statement. A building that will host the\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\/2020\/8\/96.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628738,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/13\/cabinet-agrees-to-allocate-additional-egp-2-6-bn-to-healthcare-in-fy2018-19-from-other-ministries-surplus\/","url_meta":{"origin":586441,"position":1},"title":"Cabinet agrees to allocate additional EGP 2.6 bn to healthcare in FY2018-19 from other ministries\u2019 surplus","author":"enterpriseam admin","date":"13 May 2018","format":false,"excerpt":"BUDGET WATCH- The Ismail Cabinet agreed to allocate an additional EGP 2.6 bn to the Health Ministry\u2019s investment budget for FY2018-19, Health Minister Ahmed Rady reportedly said on Thursday, Al Mal reports. The amount will be provided through existing surplus at other ministries, according to Rady, who did not provide\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":633010,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/25\/ministries-to-move-to-new-administrative-capital-1h2019\/","url_meta":{"origin":586441,"position":2},"title":"Ministries to move to new administrative capital 1H2019","author":"enterpriseam admin","date":"25 February 2018","format":false,"excerpt":"Government offices will be moved to the new administrative capital in 1H2019, Planning Minister Hala El Said said yesterday, according to Al Mal.","rel":"","context":"In &quot;Egypt Politics + Economics&quot;","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559818,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/04\/last-nights-talk-shows-on-4-february-2021\/","url_meta":{"origin":586441,"position":3},"title":"Last Night\u2019s Talk Shows on 4 February 2021","author":"enterpriseam admin","date":"4 February 2021","format":false,"excerpt":"It was a mixed bag on the airwaves last night, with no single story leading the conversation. Amid rumors of a cabinet shuffle, MPs have mixed feelings on ministers\u2019 performances following their parliamentary addresses over the past weeks, Rep. Ayman Aboul Ela (watch, runtime: 6:01) and Rep. Ahmed Maklad (watch,\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":578747,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/12\/industry-and-agriculture-to-get-fresh-subsidized-loans-at-a-higher-11-rate\/","url_meta":{"origin":586441,"position":4},"title":"Industry and agriculture to get fresh subsidized loans at a higher 11% rate","author":"enterpriseam admin","date":"12 January 2023","format":false,"excerpt":"Gov\u2019t plans EGP 150 bn subsidized loan program for industry and agriculture: The Madbouly government is set to offer EGP 150 bn worth of loans at a subsidized 11% interest rate to industry and agriculture players, according to a cabinet statement. The program is set to launch next week, immediately\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/192.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623315,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypt-could-slash-cabinet-posts-looks-to-cull-civil-service\/","url_meta":{"origin":586441,"position":5},"title":"Egypt could slash cabinet posts, looks to cull civil service","author":"enterpriseam admin","date":"28 October 2018","format":false,"excerpt":"** #2 Madbouly could slash cabinet posts, looks to cull civil service: Prime Minister Moustafa Madbouly is looking to cut the number of posts in his cabinet and is pushing the downsizing of the civil service, the PM said at a gathering of US businessmen organized by our friends at\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\/586441","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=586441"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/586441\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/586429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/586442"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=586441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=586441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=586441"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=586441"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=586441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}