(MENAFN - Daily News Egypt) 'I will present a statement of account in January and February about #Egypt under my rule,' President Abdel Fattah Al-Sisi said during his meeting with editors-in-chief of state-owned newspapers, on Tuesday. Al-Sisi said that protectionist measures were taken for the benefit of the middle class and the low-income families, and the government will duplicate the subsidy and free taxing. The president expressed his rejection of the phrase 'everything is ok' and said, however, that citizens may complain of the costliness, but they know that the responsibility requires exerting more efforts. Al-Sisi defended his decision of floating the local currency and described the decision as inevitable. Regarding efforts to counter terrorism, the president praised the role of the armed forces in this regard.

Source: Daily News Egypt May 18, 2017 02:43 UTC