Egypt’s local news digest Sept.4: New billboards across Egypt’s capital extol austerity
A motorist drives past a government billboard in Cairo, Saturday, Sept. 3, 2016, which reads in Arabic: "We sure can ... boost our exports and increase our resources. Oh, Egypt, With bold reforms, we shorten the road." Billboards and street signs have gone up across Egypt’s capital extolling austerity and hope, part of a pro-government public relations campaign aimed at preparing Egyptians for sweeping economic reforms. (AP Photo/Hamza Hendawi)
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CAIRO: No more browse from site to site anymore, here is Egypt’s local news for Sept. 4:

New billboards across Egypt’s capital extol austerity

(AP)-Billboards and street signs have gone up across Egypt’s capital extolling austerity and hope, part of a pro-government public relations campaign aimed at preparing Egyptians for sweeping economic reforms.

The advertising blitz follows last month’s provisional agreement by the International Monetary Fund to give Egypt a $12 billion loan over three years to help President Abdel-Fattah el-Sissi’s government overhaul the ailing economy.

The agreement has yet to be ratified by the IMF’s executive board, but the first installment of the loan is expected to be disbursed later this year.

The campaign’s main slogan is: “Oh, Egypt, with bold reforms, we shorten the road.” Other messages include: “Our faith in our abilities, changes our future,” and “Fear and skepticism lengthen the road,” as well as “Rationalize our consumption, reduce our imports.”

 

School year to begin Sep. 24: minister

Education Minister el Hilaly el Sherbeny announced that the 2016-2017 academic year will begin on Sep.24, Youm7 reported.

The ministry took all measures to receive 20 million students in all stages, Sherbeny said after he inaugurated news schools at Egypt’s Delta governorate of Qalioubya on Saturday.

He added that the ministry completed the printing of 75 percent of school books, pointing out that several curricula for grades 1 and 2 have been updated.

 

VAT will not increase prices of fuel: government

A government statement on Saturday has denied that the introduction of the recently approved Value-Added Tax (VAT) law will have an impact on the prices of petroleum products, including gasoline, diesel and butane gas, Youm7 reported.

Butane gas supplies across the country are stable and have been increased to 1.1 million cylinders per day, Petroleum Ministry Tarek al Mulla was quoted by Youm7.

Media reports about a potential increase in fuel supplies have widely spread after the House of Representatives approved the vat law, which introduces an initial 13 percent tax on several commodities and services as of the 2016-2017 fiscal year.

 

Bomb squads detonate 30-kg bomb in Sinai

Security forces have successfully detonated a 30-kilogram improvised explosive device (IED) planted near a main road west of Arish, the interior ministry said in a statement on Saturday.

The forces shot at the IED from a safe distance with no casualties reported, according to the statement, it was planted nearby a security check point nearby al Salam City.

Following the ouster of Islamist president Mohamed Morsi in July 2013, North Sinai has become the scene of clashes between militants and security forces in which several security personnel, civilians and militants have been killed.

 

Dozens cut off main road in Cairo, protest shortages of subsidized baby formula

Dozens gathered in downtown Cairo and blocked a main road on Saturday evening protesting against the severe shortage of subsidized baby formula, Youm7 reported.

The protesters held flares and shouted slogan “we need baby formula,” after the riot police reinforced their presence in the area to reopen the road without dispesing the protest, eyewitness told Youm7.

The protest, which is the second to take place in Cairo during the past two days, was staged despite a statement by the Egyptian army on Saturday it will import a baby formula shipment and distribute it to the pharmacies at a price of 30 EGP ($3) per package, instead of 60 EGP.

The shipment will arrive in Sep. 15 and aims to curb a market monopoly, which represents “a burden on the low income people,” military spokesperson Mohamed Samir said in a statement on Saturday.

The current government system grants each infant 12 milk bottles a month, said Emad.

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