Previous Post
Egyptian Fashion Brand Nob Designs Returns With Hot Hot Hot New Collection
Next Post
5 Impressive Reasons to Get You Excited About Egypt’s New Education Minister

Sisi's New Decree is Everything

The decree establishes a National Council for Payment that has in its membership the top government and banking officials in the country.

A National Council for Payments was established by a decree issued by President Abdel Fatah El-Sisi on Tuesday - the council aims to reduce the use of banknotes outside the banking system through supporting the use of electronic payments. It will also work to integrate a bigger portion of the population within the banking system and formalise the country's informal economies, according to state-owned Middle East News Agency.

The president will act as the chairman of the council which will include in its membership a number of Egypt's top officials, including the Prime Minister, CBE Governor, six ministers (including defence and interior ministers), and heads of the General Intelligence Agency and Administrative Control Authority. The membership also extends to include other leading government executives.

The council is to convene at least once every 3 months on invitation by the president, and its decisions are binding to all ministries and executive authorities.

The establishment of the council comes as a continuation of  Egypt's attempts to fix its economy and once again attract foreign investors.


Todays Events
The Big Band Society @ Cairo Jazz Club
Clubs
Date: 3/23/2017
Time: 10:00pm - 3:00am
Venue: Cairo Jazz Club
House Night ft. Sadek & A Squared @ Zigzag
Clubs
Date: 3/23/2017
Time: 10:00pm - 5:00am
Venue: Zigzag
Sebzz, Ouzo, & Misty @ Wunder Kind
Clubs
Date: 3/23/2017
Time: 10:00pm - 3:00am
Venue: Wunder Kind
Disco Diva ft. DJ Hady @ 1925
Clubs
Date: 3/23/2017
Time: 10:00pm - 3:00am
Venue: Nineteen Twenty Five
Ramzy & Nakhla @ The Tap Maadi
Clubs
Date: 3/23/2017
Time: 10:00pm - 2:00am
Venue: The Tap Maadi
#D-CAF: On The Steps Exhibition @ Kodak
Exhibitions
Date: 3/23/2017
Time: 5:00pm - 10:00pm
Venue: Kodak Passageway
Ahmed Samy & Klady @ Caché
Parties
Date: 3/23/2017
Time: 10:00pm - 3:00am
Venue: Cairo
Andromida @ El Sawy Culturewheel
Concerts
Date: 3/23/2017
Time: 8:00pm - 10:00pm
Venue: El Sawy Culturewheel