Cabinet raises wheat prices, approves agreements with Djibouti, China, and others in weekly meeting
The Ismail cabinet witnessed the signing of a USD 150 mn agreement with the UK, which UK Foreign Minister Boris Johnson had pledged during his visit to Cairo last month, according to a cabinet statement. At the meeting ICT Minister Yasser El Kady also discussed the ministry’s plan for the electronic visa system, which he says will be rolled out in May, Al Mal reports. Other decisions taken during yesterday’s meeting include:
- Approving amendments to the guidelines for the Nuclear Power Plants Authority that outline its operational framework, including granting the authority the sole right to propose establishing a nuclear power plant;
- Approving raising the price of wheat purchased from Egyptian farmers to EGP 555-575 from EGP 450 per ardeb;
- Approving legislation stipulating obtaining a license for the trade and ownership of personal drones;
- Approving a USD 3 mn grant from China to combat climate change;
- Sanctioning a KWD 300k aid package from the Arab Fund for Social and Economic Development to support Egypt’s demining of the North Coast;
- Approving an economic and technical cooperation agreement with Djibouti.