Egyptian government prepares new economic stimulus package

Egyptian government prepares new economic stimulus package

The new package, submitted by Minister of Planning and Economic Development Dr. Hala El-Said, allocates more than 50 billion Egyptian pounds ($3 billion) to support the tourism sector.. The government is already providing aid to several of the commercial sectors most affected by the pandemic, including tourism, real estate, agriculture, and industry.. The government hopes that more aid will enable companies to stay afloat during the crisis.. The proposal includes assistance for the agricultural sector too, with a two-year exemption on taxes on farmland.. UAE's high-tech food plan pays off in pandemic /node/1680866/business-economy. ABU DHABI: In the past four years, the United Arab Emirates has grown a small but rising share of its own organic tomatoes, aiming to shore up food security in an import-dependent desert country.. But in the face of the pandemic, the UAE's confidence that it will continue to have enough food is bolstered by its success in growing its own, using innovations like vertical farming and climate-resilient crops, she added.. Under the UAE's National Food Security Strategy - which was officially launched in 2018, but had already been woven into government policy for several years before - the country has worked to boost domestic food