Egypt to set up ministerial committee to cater to foreign investors’ needs
A new cabinet-level committee will be charged with working with investors to resolve their problems, Al Hayah Al Youm’s Khaled Abu Bakr said last night (watch, runtime: 01:45). The committee, constituted by Prime Minister Moustafa Madbouly at cabinet’s weekly meeting yesterday, aims to improve the country’s investment environment, cabinet spokesperson Nader Saad said (watch, runtime: 06:42).
Cabinet also dedicated time during its meeting to discuss pre-Ramadan preparations, Yahduth Fi Masr's Sherif Amer said (watch, runtime: 01:07). We have more on yesterday’s cabinet meeting in Speed Round, below.
A EUR 53 mn facility from the International Fund for Agricultural Development (IFAD) also earned some airtime last night.
Diplomacy-heavy day for El Sisi: President Abdel Fattah El Sisi told Slovenian Vice Prime Minister and Minister of Foreign Affairs Miro Cerar in a meeting yesterday that Egypt is keen to boost ties with the central European country (watch, runtime: 02:26). El Sisi also met with South Sudanese National Pre-Transitional Committee, Al Hayah Al Youm’s Lobna Assal said. El Sisi reaffirmed Egypt’s support for maintaining stability in South Sudan.
The president’s agenda yesterday also included a meeting with Tanzanian Defense and National Service Minister Hussein Mwinyi (watch, runtime: 01:29), Masaa DMC’s Osama Kamal reported.