Sharm el Sheikh resort town - ReutersEgyptian Armed Forces reviews its role amid COVID-19 crisis, Sisi presents exceptional measures CAIRO - 7 April 2020: The Egyptian Armed Forces held on Tuesday a conference that was attended by President Abdel Fatah al-Sisi, Prime Minister MostafaMadbouly, and several ministers to highlight its contributions in the protective efforts against COVID-19, and the exceptional measures to alleviate the impact of the crisis. It also allowed the take-away service until 5p.m. as only the delivery service was permitted 24/7. The partial curfew hours were reduced by one hour to take place from 9p.m. until 6a.m.The Central Bank of Egypt (CBE) is offering LE50 billion in loans to the tourism sector which is exempted from real estate tax for 3 months.The measures, announced to support companies and businesses to alleviate the crisis, include real estate tax exemption for 3 months, paying the fees of tax statement reports over 3 installments until June 30, and removing holds on bank accounts of default investors if they pay 10 percent of the debt.

Source: Egypt Today April 27, 2020 12:33 UTC