
Thank you, Mr. President
President Abdel Fattah El-Sisi announced serious and swift measures, to be implemented immediately, during the Labor Day celebrations, which I was honored to attend on Saturday. The measures include raising the minimum emergency fund benefit from EGP 600 to EGP 1,500, directing the House of Representatives to expedite discussions on the new labor law, and supporting the establishment of an integrated training center to prepare youth for the labor market according to international standards, launching a national strategy to promote the culture of occupational safety and secure the work environment, increasing employment among women and disabled ones, and expanding inspections of workplaces to enforce the minimum wage.
The President's remarks were not merely a traditional salute to workers, but rather practical measures that touch the daily lives of Egyptian workers. They affirm that the state is not satisfied with symbolic honors, but is working to improve the conditions of those who shape this country's economy.
The choice of Suez as the venue for the celebration was excellent since the city is witnessing a major industrial boom, and during the celebration, we witnessed a number of important projects in the economic zone northwest of the Gulf of Suez.
The message we get from this day is that production continues, factories are being built, and the state is betting on industry as a path to true economic stability.
The president spoke in clear and direct language, linking the workers' appreciation to actions on the ground, in workshops and factories, where daily life is conducted despite the challenges. He said clearly, "Young people don't need promises, but rather real actions." President Sisi emphasized that workers must feel that their rights are protected and that there are policies to protect their efforts and guarantee them a fair life in light of the high cost of living and the challenges we all face.
This year's celebration was more than just an occasion. It was a declaration that the state continues to support those who work hard and strive, building with them every brick on the road to the new republic.
To every worker, the message was clear: You are not alone, and the state sees you and is working with you for a better tomorrow. Thank you, Mr. President.
read more
Analysis- Turkey Has 0 Regional Allies... Why?
Analysis: Russia, Turkey... Libya in Return For Syria?
Analysis: Who Will Gain Trump's Peace Plan Fruits?
Analysis: Will Turkey's Erdogan Resort to Snap Election?
Analysis: What Are Turkey's Aspirations in Iraq?
Opinion & Analysis
Analysis: Mercenaries In Libya... Who Should Be Blamed?
Opinion & Analysis
Analysis- How 'Libya Nightmare' Takes Erdogan to Algiers
Opinion & Analysis
Analysis: What Happens After Brexit?
Opinion & Analysis
Analysis: Strategic Significance of Libya's Sirte, Jufra!
News
Egypt confirms denial of airspace access to US B-52 bombers
Lifestyle
Pistachio and Raspberry Cheesecake Domes Recipe
News
Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia
News
Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content
Arts & Culture
Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized
Videos & Features
Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO)
Sports
Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer
Sports
Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers
News
Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies
Arts & Culture
New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CairoScene
2 hours ago
- CairoScene
Experts Forecast EGP 15 Billion Revenue Surge Following New Rent Law
Previously, under Law No. 49/1977, properties under old rent contracts were exempt from all property taxes. Aug 11, 2025 The Egyptian Association of Tax Experts (EATE) projects a minimum EGP 15 billion increase in state treasury revenues within the first year following the ratification of Law No. 165/2025, the updated Old Rent Law. Previously, under Law No. 49/1977, properties under old rent contracts were exempt from all property taxes and excluded from the general income tax base. The new law lifts these exemptions, subjecting these units to property tax and including their revenues in income tax calculations. Egypt has approximately 42 million housing units, of which 3.018 million (about 7%) fall under old rent contracts, including apartments, houses, shops, and garages. The new law categorises old rent units into three zones: premium areas, where rents are up to 20 times the old rate with a minimum of EGP 1,000 and most properties expected to be taxed; mid-range areas, where rents are up to 10 times the old rate with a minimum of EGP 400 and about half expected to be taxed; and economic areas, where rents are up to 10 times the old rate with a minimum of EGP 250 and no taxation expected. Rental valuations must be completed by survey committees within three months of the law's implementation, factoring in location, size, infrastructure, and service access. Property tax will be calculated as 10% of net rental value, after deducting 30% for residential unit expenses and 32% for commercial or administrative expenses.


See - Sada Elbalad
6 hours ago
- See - Sada Elbalad
Egypt Postpones Fuel Price Hike Until October
Taarek Refaat The Egyptian government has announced that current fuel prices will remain unchanged until October 2025, maintaining the same levels set in April, as part of efforts to ease financial burdens on citizens. The decision follows directives from Prime Minister Mostafa Madbouly, who emphasized the importance of supporting households during a period of continued economic challenges. The government previously postponed the scheduled July 2025 meeting of the Automatic Fuel Pricing Committee, extending the existing pricing policy for an additional three months. The move aims to prevent any potential fuel price increases in the third quarter of the year. Officials described the extension as part of a broader economic relief package, designed to mitigate the impact of inflation and maintain stability in basic commodity pricing. The fuel pricing mechanism, typically reviewed quarterly, adjusts prices in line with global oil markets and currency fluctuations. However, exceptional circumstances have led the government to freeze prices multiple times in recent years. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani


See - Sada Elbalad
7 hours ago
- See - Sada Elbalad
Egypt Ranks Second Globally in Exports of Temporarily Preserved Vegetables
Taarek Refaat Egypt has solidified its position as a global agricultural powerhouse, securing the second place worldwide in the export of temporarily preserved vegetables (HS Code 071190) for the year 2024, according to a new report from the Food Export Council. The country exported 54,000 metric tons of vegetables preserved temporarily, a category that includes products prepared for further processing, generating $66 million in export revenue. This accounted for a 15.4% share of global exports in the category, a significant milestone that reflects Egypt's fast-growing competitiveness in processed agricultural goods. Egypt's performance in this sector has been consistently improving, with the report noting an annual value growth rate of 15% and a volume growth rate of 12% between 2020 and 2024. On a year-over-year basis, exports increased 10% in value between 2023 and 2024, despite global trade fluctuations, a sign of resilient supply chains, stable production infrastructure, and growing global confidence in Egyptian agricultural products. Top Export Destinations in 2024 The report identified five key markets that accounted for 83% of Egypt's exports in this category: Italy – $33 million (51%) United States – $8 million (12%) Germany – $7 million (10%) Spain – $4 million (5%) Russia – $3 million (5%) These figures underscore Egypt's growing reputation as a reliable supplier of safe, high-quality, and standard-compliant agricultural products, particularly to advanced economies with stringent food safety regulations. Positioning Egypt for Future Expansion The Food Export Council emphasized that the sector's momentum is opening new opportunities for global market expansion, especially in response to rising international demand for sustainable and traceable food sources. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani