logo

OPEN// Sisi tours Suez Steel Company, attends Labour Day celebration

Middle East04-05-2025

SUEZ, Egypt, May 3 (MENA) - President Abdel Fattah El Sisi on Saturday made a tour of the Suez Steel Company where he opened Phase II of the company, an affiliate of Solb Misr Egyptian Steel Group, as part of his participation in Labor Day celebrations.
During his tour, President Sisi was given a detailed account of the company's 12 factories, including a DRI plant, two smelting plants, and three rolling mills.
The company has a workshop for metal industries, which contributed to helping save spare parts imports by 15-20% in 2024, and a cutting and bending factory, which saves time and effort for contracting companies working on major projects.
The company boasts an integrated steel-making technology, with plants for pelletizing, concentrating, smelting, and rolling operations.
President Sisi participated in the Labor Day celebration at the Suez Steel Company.
The celebration featured the screening of a documentary film about the nation's workers, another documentary about Suez Steel Company, and speeches by a host of senior state officials, including Minister of Transport and Industrial Development, Kamel El Wazir, according to Presidential Spokesperson Ambassador Mohamed El-Shenawy
President Sisi also watched a presentation about a number of successful new factories via the video-conferencing technology. (MENA)
M A A/R G E

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

OPEN// President Sisi directs gov. to accelerate implementation of projects
OPEN// President Sisi directs gov. to accelerate implementation of projects

Middle East

timea day ago

  • Middle East

OPEN// President Sisi directs gov. to accelerate implementation of projects

CAIRO, June 11 (MENA) - President Abdel Fattah El Sisi emphasized on Wednesday the need to accelerate the implementation of projects, monitor them regularly and ensure they are established in the best possible manner, with the aim of contributing to the development of assets and maximizing their benefit. He also stressed the importance of good governance in managing resources and assets according to the highest standards. The President directed that partnerships with the private sector should be strengthened, enabling it to play its role in supporting development. This came during a meeting held today between President Sisi and Prime Minister Mostafa Madbouly, Minister of Housing, Utilities, and Urban Communities Eng. Sherif El-Sherbiny, Presidential Advisor for Urban Planning Gen. Amir Sayed Ahmed, and Head of the Armed Forces Engineering Authority Gen. Ahmed El-Azazy. Presidential Spokesman Ambassador Mohamed El-Shennawy stated that President Sisi was briefed during the meeting on the progress of projects being implemented under the first phase of the presidential initiative "Decent Life" for developing the Egyptian countryside—particularly the construction of water and sewage stations and networks in targeted villages. The President stressed the importance of completing these projects on schedule without delays. President Sisi also followed up on the implementation status of the strategic plan for seawater desalination. The Minister of Housing reviewed the state's efforts in this area since 2014, noting the establishment of desalination plants in the governorates of Marsa Matrouh, Beheira, South Sinai, Red Sea, Port Said, and Alexandria, as well as five related five-year plans extending to 2050. The President reviewed proposals for the operational mechanisms of desalination plants and the layout of water networks. He emphasized the need to enhance the efficiency of existing plants to maximize benefits and to ensure that ongoing projects are completed on time. He also called for a comprehensive vision for future needs and stressed the importance of localizing the industry related to desalination plant equipment. Furthermore, President Sisi reviewed the status of several developmental projects and urban development plans in the Northwestern Coast, aimed at increasing investment value and maximizing economic returns. This includes the project to develop and upgrade the Marina Tourist Center, the "Marina 8" project, the restoration of the Marina archaeological site, and the strategic plan for the West Ras El-Hekma region and New Alamein City. The President instructed that all constructions, facilities, and roads associated with these projects be completed within the set timeframe. The President also reviewed the status of projects being carried out by the Ministry of Housing. This included the offering of the tenth phase of the 'Beit El-Watan' initiative for Egyptians living abroad, and steps taken by the government to increase the number of available land plots to meet citizens' needs. He also followed up on the latest developments in the 'Your Home in Egypt' initiative, as well as the mechanisms for operating and managing public parks in Cairo. The discussion also touched on leveraging international experiences in managing and developing green spaces and enhancing investment activities. (MENA) M O H/R G E

National Veal Project funding exceeds EGP 9.5bn, supporting over 44,800 beneficiaries: Agriculture Minister
National Veal Project funding exceeds EGP 9.5bn, supporting over 44,800 beneficiaries: Agriculture Minister

Daily News Egypt

time2 days ago

  • Daily News Egypt

National Veal Project funding exceeds EGP 9.5bn, supporting over 44,800 beneficiaries: Agriculture Minister

Alaa Farouk, Minister of Agriculture and Land Reclamation, announced that total funding for Egypt's National Veal Project has surpassed EGP 9.5bn, providing vital support to more than 44,800 beneficiaries. The initiative has enabled the rearing and fattening of over 518,000 head of livestock, significantly boosting meat and dairy production across the country. The Minister confirmed that the project's Board of Directors recently approved EGP 275.885m in new funding. This latest allocation will support 393 additional beneficiaries, primarily small-scale breeders and young graduates, and will cover 3,929 head of livestock. With this expansion, the project's cumulative funding now exceeds EGP 9.565bn. The National Veal Project supports both meat production through calves and milk production through high-yielding heifers, aiming to improve food security and stabilize prices for red meat and dairy products. The project is part of the broader Decent Life presidential initiative, launched by President Abdel Fattah Al-Sisi to uplift rural communities and enhance the livelihoods of small farmers. Minister Farouk emphasized the project's role in ensuring the availability of affordable red meat for consumers while supporting local producers. He highlighted the ongoing field follow-ups conducted by dedicated committees from the Livestock and Poultry Development Sector and the General Authority for Veterinary Services. These efforts, in cooperation with agricultural and veterinary directorates across governorates, aim to provide comprehensive veterinary care and on-the-ground support to resolve challenges faced by project participants. Mostafa El-Sayyad, Deputy Minister of Agriculture, noted that pre-financing inspections are conducted in coordination with the Agricultural Bank of Egypt and the National Bank of Egypt. These inspections ensure beneficiaries have suitable facilities for livestock before receiving funding. Once animals are delivered, they are insured under the Livestock Insurance Fund at a subsidized rate, granting breeders access to essential support services. Tarek Suleiman, Head of the Livestock and Poultry Development Sector, encouraged interested individuals to apply through their nearest agricultural office, or branches of the Agricultural Bank of Egypt and the National Bank of Egypt, which have a wide presence across governorates. Applications can also be made directly through the Livestock and Poultry Development Sector.

CAPMAS: Egypt's Exports to UAE Jump 46.9%
CAPMAS: Egypt's Exports to UAE Jump 46.9%

See - Sada Elbalad

time04-06-2025

  • See - Sada Elbalad

CAPMAS: Egypt's Exports to UAE Jump 46.9%

Taarek Refaat The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egyptian exports to the UAE rose to $3.3 billion in 2024, compared to $2.2 billion, year-on-year, a 46.9% increase. CAPMAS added that trade exchange between Egypt and the UAE also reached $6 billion during the same year. In a statement issued on the occasion of President Abdel Fattah El-Sisi's visit to Abu Dhabi Wednesday, the agency explained that Egyptian exports to the UAE increased to $3.3 billion in 2024, compared to $2.2 billion, a year earlier, with a 46.9% increase. While Egyptian imports from the UAE reached $2.7 billion in 2024, compared to $2.3 billion in 2023, a 16.8% increase. The agency's data also showed that the value of trade between Egypt and the UAE increased to $6 billion in 2024, compared to $4.5 billion in 2023, a 31.6% increase. The value of Emirati investments in Egypt reached $38.9 billion in the 2023/24 fiscal year, compared to $3 billion in the 2022/23 fiscal year. Meanwhile, the value of Egyptian investments in the UAE reached $1.4 billion in the 2023/24 fiscal year, compared to $1.7 billion in the 2022/23 fiscal year. The value of remittances from Egyptians working in the UAE reached $1.8 billion during the FY2023/24 compared to $2.1 billion during the FY2022/23. Meanwhile, the value of remittances from Emiratis working in Egypt reached $31.6 million during the FYFY2022/23. Egypt's population reached 107.7 million in June 2025, while the UAE's population reached 11.3 million during the same period. According to official mission estimates, the number of Egyptians residing in the UAE reached 975,000 by the end of 2023. 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 News China Launches Largest Ever Aircraft Carrier 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 Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store