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Today’s Economy News: Budget wages are 361 billion pounds, and the salary increase includes teachers



Today Tuesday 3/16/2021 witnessed a number of economic events that were monitored on the pages of the seventh day, the most prominent of which was the announcement by the Minister of Finance, Dr. Muhammad Maait, about the size of wages in the state budget for the new fiscal year.


Minister of Finance: The wages in the budget are 361 billion pounds and the increase in salaries includes teachers


Dr. Muhammad Maait, Minister of Finance


Dr. Mohamed Maait, Minister of Finance, said in exclusive statements to "The Seventh Day", that the size of wages in the new state budget for the new fiscal year 2021-2022, which will start on next July 1, is EGP 361 billion compared to EGP 324 billion in the current public budget in The current fiscal year 2020-2021, with an increase of 37 billion pounds.


The Minister of Finance added that the approximately 1.4 million teachers are covered by the new increases in the salaries of state employees, which were announced by President Abdel Fattah El-Sisi, and they are the same group that belongs to those not addressed by the Civil Service Law, explaining that the administrators of the Ministry of Education are subject to the Civil Service Law and it applies to them What applies to those subject to the Civil Service Law.


Government: Supplying the local market and exporting 61.1 billion cubic meters of gas during 2020


The government affirmed that the ministry’s strategy pays great attention to expediting the completion of projects to raise the efficiency and support the national network of natural gases, as it is a vital artery for the transport of natural gas to consumers in the local market and export, and the continuing development and modernization of the National Center for Network Control as well as updating the SCADA system to take into account the future needs of gas activity. in Egypt.


During the General Assembly of the Egyptian Natural Gas Company "GASCO" to approve the results of the 2020 work, the government directed to increase coordination between GASCO and EGAS and to develop an integrated plan for the network until 2040 as one of the infrastructure pillars for expansion and attracting investments, and that this plan takes into account the objectives of development plans in Egypt, especially in The south is witnessing strong investments, the establishment of new industrial zones and the growth of mining activities, as well as keeping pace with the launch of the national project to transform Egypt into a regional center for oil and gas trading and trading.


The government reviews the plan for the second phase of the Fustat region development project in Cairo Governorate


The government reviewed the plan for the second phase of the Fustat area development project, in Cairo governorate, as part of its efforts to develop Historic Cairo, in the presence of government officials and Cairo governorate.


The government confirmed that the second phase of the Fustat region development project includes developing Al-Fustat Park, and linking it to Ain Al-Sira Park, which is being developed, as well as developing the areas surrounding the “Al-Tambegh Wall” area that is currently being developed, similar to what is currently being built With the project to develop the wall of El-Oyoun stream, and what was previously implemented in the project of developing the kindergarten "Tal Al-Aqrab previously"


Planning signs a project to finance development goals in Egypt, in cooperation with the United Nations Fund


Dr. Hala Al-Saeed, Minister of Planning and Economic Development


Dr. Hala Al-Saeed, Minister of Planning and Economic Development, today signed a cooperation protocol on the draft strategy for financing sustainable development goals in Egypt in cooperation with the Joint Sustainable Development Goals Fund "The United Nations Joint Fund Support Project for Integrated Financing for Sustainable Development Goals in Egypt" on the sidelines of a meeting with Dr. Hala Al-Saeed Minister of Planning, Elena Banova, the United Nations Resident Coordinator in Egypt, on the occasion of her assuming this position in Egypt.


Hala Al-Saeed, Minister of Planning and Economic Development, affirmed the ministry’s keenness to cooperate with various development partners, especially international organizations and institutions to achieve the goals of sustainable development, as well as the keenness to strengthen cooperation with UN institutions and agencies to support the implementation of the sustainable development agenda in Egypt. During the meeting, areas of work were reviewed. The Ministry and its affiliates, and the most important aspects of cooperation with various United Nations organizations.


A collective decline in the Egyptian Stock Exchange indices for the second session amid high trading volumes

 

The Egyptian Stock Exchange - Archives


The Egyptian Stock Exchange ended the trading session today, Tuesday, the middle of the week’s sessions, with a collective decline of the indices for the second consecutive session, under the pressure of sales of Arab and foreign dealers, amid high trading volumes after the implementation of the operations of Banque Misr increasing its stake in CI Capital Holding for Financial Investments to 90%, and lost The market capitalization is 3.7 billion pounds, to close at 676.881 billion pounds.


The "EGX 30" index declined by 0.28%, to close at 11190 points, the "EGX 50" index fell by 1.85% to close at 2156 points, and the "EGX 30 weighted index" decreased by 0.43% to close at 13637 points. , While the EGX 30 overall return index increased by 0.26% to close at 4318 points.


The index of small and medium-sized companies "EGX 70 is equal weights" decreased by 2.4% to close at 2092 points, and the index of "EGX 100 equal weights" fell by 1.84% to close at 3083 points.


Gold prices today, Tuesday 3/16-2021 in Egypt


Gold - archive


We publish gold prices at the beginning of today's trading, Tuesday, March 16, 2021, after the price of a gram of gold fell by 3 pounds, as gold fell to 764 pounds per gram of 21 carat, which is the most traded in Egypt, due to the drop in the global price of an ounce of gold from 1734 to 1729 dollars.


Gold prices today in Egypt:


 Caliber 18 recorded 655 pounds.


Caliber 21 recorded 764 pounds.


Caliber 24 recorded 873 pounds.


The gold pound is 6112 pounds.


 The price of an ounce of gold today is $ 1729.


Currency rates today, Tuesday 3-16-2021 in Egypt


Coins - archive


The prices of Arab and foreign currencies varied today, Tuesday 3/16-2021, against the Egyptian pound, compared to the close of yesterday's trading, as the price of the dollar was stable at 15.64 pounds for purchase, and 15.74 pounds for sale, while the price of the euro fell to 18.63 pounds for purchase, 18.79 EGP for sale compared to its price yesterday of 18.65 pounds for purchase, 18.83 pounds for sale, and these prices are according to the latest updates of the National Bank of Egypt.


As for cryptocurrencies, Bitcoin fell sharply again on Monday, after reaching an unprecedented high of $ 61,781.83 at the weekend, after US President Joe Biden signed his $ 1.9 trillion financial stimulus package and directed him to speed up vaccinations.


According to the latest updates of a number of different banks, foremost of which is the National Bank of Egypt, we publish currency rates against the Egyptian pound today, which came as follows:


Dollar price today

 

The price of the dollar stabilized today against the Egyptian pound, according to the latest updates of the National Bank of Egypt, at 15.64 pounds for purchase and 15.74 pounds for sale.


The price of the European euro today

 

The exchange rate of the euro fell against the Egyptian pound today, according to the latest updates of the National Bank of Egypt, recording 18.63 pounds for purchase, 18.79 pounds for sale, compared to yesterday's price of 18.65 pounds for purchase, 18.83 pounds for sale.


The price of the British pound today

 

According to the latest updates of the National Bank of Egypt, the exchange rate of the pound sterling fell against the Egyptian pound, to record 21.62 pounds for purchase, 21.88 pounds for sale, compared to yesterday's price was 21.73 pounds for purchase, 21.95 pounds for sale.


The price of the Saudi riyal today

 

According to the latest data of the National Bank of Egypt, the exchange rate of the Saudi riyal against the Egyptian pound has stabilized at 4.14 pounds for purchase and 4.19 pounds for sale.


The Kuwaiti dinar price today

 

According to the latest data of the National Bank of Egypt, the Kuwaiti dinar exchange rate stabilized against the pound, and it recorded 48.91 pounds for purchase, and 52.11 pounds for sale.

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