Latest news with #FutureofEgypt
Al-Ahram Weekly
16-07-2025
- Business
- Al-Ahram Weekly
El-Sisi urges genetic improvement of local livestock to boost food security - Urban & Transport
President Abdel-Fattah El-Sisi on Tuesday called for improving local livestock breeds to raise productivity in meat and dairy, during a meeting focused on food security and agricultural development. The meeting brought together Prime Minister Mostafa Madbouly, Minister of Supply Sherif Farouk, Minister of Agriculture Alaa Farouk, and Director of the Future of Egypt for Sustainable Development initiative Bahaa El-Ghannam. Presidential spokesman Mohamed El-Shennawy stated that the meeting reviewed the strategic reserves of key commodities, including wheat, sugar, oil, meat, and poultry, with Egypt's food security described as stable and reassuring. Procurement updates included 3.4 million tonnes of wheat, 192,000 tonnes of crude vegetable oil, 4,000 tonnes of frozen poultry, and 6,000 tonnes of frozen meat. The government is also working to diversify wheat import sources to avoid supply disruptions, El-Shennawy noted. El-Sisi emphasized the importance of coordination among state bodies responsible for food security, ensuring their work aligns with national policy. Cooperation with the Future of Egypt initiative was highlighted to identify land in the New Delta suitable for cultivating strategic crops and boosting self-sufficiency. The meeting also discussed efforts to regulate bakeries, mills, and local markets, as well as progress in the 'one-day market' initiative launched in November 2024. Over 400 markets are now operational. Updates were shared on expanding private sector partnerships and attracting foreign investment in the retail sector. Projects are underway in Obour, Nasr City, and Qalyub. Preparations are also ongoing for a government-backed retail chain, Carry On, the first unified brand developed in partnership with private sector actors. Officials also reviewed efforts to digitize subsidy recipient databases, aiming to ensure benefits reach eligible groups. The development of a national commodity exchange was discussed as a means to stabilize prices and improve the availability of goods. Exporters and importers have begun registering, and draft legislation is being prepared to regulate their operations according to international standards. Other topics included strategic crop cultivation, procurement policy, agricultural digitization, fertilizer supply—especially nitrates and urea—and cost-efficiency reforms to support farmers. El-Sisi reiterated the importance of boosting red meat and dairy production through genetic improvements in livestock, as part of broader efforts to enhance agricultural productivity and mechanization. Follow us on: Facebook Instagram Whatsapp Short link:
Daily News Egypt
15-07-2025
- Business
- Daily News Egypt
Al-Sisi reviews Egypt's food security, strategic commodity reserves
President Abdel Fattah Al-Sisi held a high-level meeting on Tuesday with key government officials to review Egypt's food security strategy and assess the status of the country's strategic commodity reserves, according to a presidential statement. The meeting included Prime Minister Mostafa Madbouly, Minister of Supply Sherif Farouk, Minister of Agriculture Alaa Farouk, and the Executive Director of the 'Future of Egypt' Development Authority. Presidential spokesperson Mohamed El-Shenawy confirmed that Egypt's strategic reserves of essential goods—including wheat, sugar, vegetable oils, meat, and poultry—remain stable and sufficient. Discussions highlighted recent procurement agreements, including the purchase of 3.4 million tonnes of wheat, 192,000 tonnes of crude vegetable oils, 4,000 tonnes of frozen poultry, and 6,000 tonnes of frozen meat. The government also reaffirmed its commitment to diversifying import sources to mitigate risks from global supply disruptions. President Al-Sisi stressed the importance of full coordination among relevant agencies to ensure an integrated approach to national food security. Special emphasis was placed on collaboration with the 'Future of Egypt' authority to boost cultivation of strategic crops in the New Delta project and advance self-sufficiency goals. The meeting also covered regulatory efforts related to bakeries, mills, and local markets, alongside progress in the rollout of 'One-Day Markets.' A total of 200 such markets were launched in November 2024, with another 200 planned for May 2025. On the retail front, officials discussed plans to attract foreign investment and expand commercial infrastructure, with new retail chains slated for El-Obour, Nasr City, and Qalyoub. Preparations are also underway to launch 'Carry On,' the country's first government-backed retail brand, in partnership with the private sector. Additional topics included the digital transformation of Egypt's agricultural sector, updates to subsidy recipient databases, and the establishment of the national commodities exchange. Registration of exporters and importers on the exchange platform has begun, and a draft law to formally regulate its operations—based on international standards—is in development. The meeting also addressed the production and distribution of fertilizers, particularly nitrates and urea, with Al-Sisi calling for gradual reforms that support farmers while maintaining food security. The president underscored the need to improve local cattle breeds to boost meat and dairy production, as part of broader efforts to enhance agricultural output and reduce reliance on imports.
Middle East
15-07-2025
- Business
- Middle East
OPEN// President urges genetic improvement of local livestock
CAIRO, July 15 (MENA) – President Abdel Fattah El Sisi on Tuesday stressed the importance of improving local livestock breeds to increase their productivity in meat and dairy. The comments came during a meeting with Prime Minister Mostafa Madbouly, Minister of Supply and Internal Trade Sherif Farouk, Minister of Agriculture and Land Reclamation Alaa Farouk, and Baha El-Ghannam, Executive Director of the Future of Egypt for Sustainable Development initiative. Presidential spokesman Mohamed El-Shennawy said the meeting reviewed the country's strategic reserves of key commodities, including wheat, sugar, oil, meat, and poultry, noting that Egypt's food security remains stable and reassuring. The discussion covered details of procurement contracts, including 3.4 million tons of wheat, 192,000 tons of crude vegetable oil, 4,000 tons of frozen poultry, and 6,000 tons of frozen meat, the spokesman further said. The meeting highlighted that the government is working to diversify wheat import sources to ensure supply continuity and avoid disruptions, he added. Sisi emphasized the need for full coordination between all relevant state institutions working on food security, ensuring their efforts are aligned with national policies. In this context, cooperation with the Future of Egypt initiative was highlighted to identify land areas in the New Delta suitable for strategic crop cultivation, with the goal of maximizing cultivated acreage and increasing self-sufficiency. The meeting addressed ongoing efforts to regulate bakeries, mills, and local markets, and discussed progress in the 'one-day market' initiative, which launched in November 2024 with 200 markets and expanded in May 2025 with more than 200 additional markets. Also, it reviewed plans to expand partnerships with the private sector and attract foreign investment in retail. Updates were presented on new commercial chain projects in Obour, Nasr City, and Qalyub, Shennawy said. Preparations are underway to launch a government-backed retail chain named Carry On, the first unified brand in partnership with the private sector, according to him. Efforts to improve domestic trade and digitize subsidy beneficiary databases were also brought up, aiming to ensure that subsidies reach those who meet eligibility criteria. Food security issues were discussed in detail, including the development of the commodity exchange as a mechanism to stabilize markets and prices, the spokesman said. The exchange is expected to support both producers and consumers, while enhancing the availability of key goods at reasonable prices, he further said. Exporters and importers have begun registering with the exchange, and draft legislation is being prepared to govern its operations, drawing on international models, he added. The meeting also covered policies on strategic crop cultivation and procurement, agricultural digitization, cost-efficiency measures, and fertilizer supply, particularly nitrates and urea. Gradual and balanced reforms were recommended to protect farmers and ensure food security. The president reiterated the need to boost red meat and dairy output by improving local breeds, alongside efforts to enhance agricultural productivity and mechanization. (MENA) R E E/
See - Sada Elbalad
30-05-2025
- Business
- See - Sada Elbalad
Uzbek Gov't Delegation Tours Agricultural Projects, Research Centers in Egypt
Taarek Refaat An Uzbek government delegation headed by the Director of the Cabinet Secretariat for Investment, Export, Trade, Agriculture and Water Resources visited several agricultural projects and research centers during a four-day visit to Egypt. The Uzbek delegation began its field trip with a visit to the Agricultural Research Center, where they were briefed on the center's research activities and its efforts to achieve food security and improve crop productivity. They also visited the Excellence and Innovation Exhibition. The Uzbek delegation also visited the Desert Research Center, where they learned about the center's efforts to address the challenges of desertification and climate change. The Uzbek group expressed their great admiration for Egypt's experience in establishing integrated agricultural communities aimed at achieving social stability and sustainable development, commending the role of the Desert Research Center in providing pioneering models and practical solutions to environmental and agricultural challenges in desert regions. They also inspected the "Future of Egypt" sustainable agriculture project, the first project aimed at achieving self-sufficiency and exporting surpluses. The targeted area for reclamation is 1.5 million feddans, out of the total area of the New Delta project, which amounts to 2.2 million feddans. They affirmed Uzbekistan's keenness to exchange successful experiences with Egypt in land reclamation, natural resource management, and modern agriculture, especially in light of the environmental and climate challenges facing both countries. 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 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 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
Egypt Independent
27-05-2025
- Business
- Egypt Independent
PM urges monitoring of strategic commodity reserves to curb price volatility
Prime Minister Mostafa Madbouly on Monday, May 26, 2025, called for continued monitoring of strategic reserves of essential commodities to ensure sufficient stock levels and help stabilize market prices. Speaking at a meeting with ministers and senior officials, Madbouly emphasized the importance of securing long-term supplies of basic goods. The meeting reviewed efforts to boost storage capacity through projects such as the Future of Egypt for Sustainable Development Authority's grain silos, which aim to store up to 500,000 tons. Cabinet spokesperson Mohamed al-Homsany said the discussion included initiatives to replace imports with locally grown strategic crops, particularly wheat, to strengthen food security and reduce dependency on global markets.
