The Cabinet also decided to exempt 2018 model vehicles, which were scheduled to dock at port of Aqaba prior to 12/31/2023, from Council of Ministers’ decision banning import of all passenger cars and others manufactured more than 5 years prior to the clearance year.
The decision was taken as these imported vehicles suffered delay in shipping, driven by maritime problems in the Red Sea, and aims to avoid inflicting damage on their importers.
The Cabinet reviewed the weekly report presented of Ministry of Industry and Trade on the measures taken to reduce price hikes and enhance the Kingdom’s strategic stock of basic goods and materials.
Minister of Industry, Trade and Supply, Yousef Shamali, stated that 1,965 commercial establishments were visited during the period spanning from 22-29/2/2024, during which 89 violations were issued.
Shamali added that a total of 15, 000 entities were visited since the beginning of 2024 during which approximately 856 violation tickets were issued, while the ministry received
and addressed 352 complaints.
By monitoring the average prices of 90 basic commodities, the markets witnessed price stability of 55 basic goods and a drop in 15 others, while the prices of 20 commodities went up by small rates, he pointed out.
The market provides other alternatives to these overpriced commodities, he noted, adding that goods that saw price hikes were primarily some varieties of long-grain rice, and some types of chicken and meat, attributing this hike for high prices in the countries of origin and the high transportation costs, he said.
Shamali stressed commitment of the civil and military service consumer corporations to the decision to stabilize their prices until end of the holy month of Ramadan.
Additionally, he pointed out that the prices of goods in these corporations’ outlets are lower by (6-8%), compared to their counterparts in the markets.
Shamali also stressed that the price conditions for goods in the markets are “comfortable,” affirming zero exaggeration in this regard.
Aff
irming continued monitoring process to control any possible violations, he said stock of goods is “safe and stable,” and movement of shipping and importing goods continues at a “good pace without any obstructions.”
Source: Jordan News Agency
Prime Minister Mostafa Madbouli reiterated the government’s keenness to overcome all challenges facing Italian companies interested in investing in Egypt, and to take advantage of the promising opportunities and incentives provided to investors, especially in the targeted sectors prioritized by the government to attract foreign direct investments.
During his meeting on Sunday with Italian Ambassador to Egypt Michele Quaroni , Madbouli affirmed Egypt’s pride in the depth of the historical relations with Italy and the keenness to enhance them to support the common interests between the two countries. He expected a visit by Italian Prime Minister Giorgia Meloni to Cairo at the earliest opportunity.
On his part, the Italian Ambassador in Cairo expressed his country’s anticipation for the visit of their Prime Minister to Egypt, in the context of building on areas of common cooperation between the two countries in various fields, especially agriculture and food security sectors, in addition to monitoring the impl
ementation of agreements signed between the two sides in priority sectors for both countries.
The Italian diplomat also praised Egypt’s diligent efforts to attract foreign direct investments, including the recent success in concluding a deal for the development and enhancement of “Ras El Hekma” city, which represents a positive initiative to overcome the current economic challenges and to continue the economic development plans in Egypt.
During the meeting, progress in implementing cooperation proposals in the agriculture sector was reviewed, as well as ways to support food security in Egypt, in addition to discussing opportunities for cooperation to increase Egyptian exports of agricultural products.
Source: State Information Service Egypt