
Edita Food Industries Launches Humanitarian Initiative for Gaza
Edita Food Industries has launched a humanitarian initiative to support the people of Gaza in collaboration with Misr El Kheir Foundation. The company will donate EGP 5 million worth of products, following the recent reopening of the Egypt-Gaza border.
The initiative aims to provide essential food supplies to those in need, reinforcing Edita's commitment to social responsibility and community support.
“This initiative is about standing in solidarity with the people of Gaza. We call on other Egyptian companies to join us in maximizing the impact, said Eng. Ahmed Samy, CEO of Edita Food Industries – Snacking and Bakery Business Unit.
Several Egyptian companies have responded to the call, including:
âBenefit Egyptian International Company (V7 & V SuperSoda brands)
Corona Food Industries
Harvest Foods Company
Prisma Foods (Raw Kettle Cooked Potatoes brand)
Regina Co. for Pasta & Food Industries
The Arabian Food Industries – Domty
The initiative has gained media attention, with growing support across social platforms.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Egypt Independent
34 minutes ago
- Egypt Independent
Egypt is prepared for all scenarios: Cabinet spokesperson
The Egyptian Cabinet's spokesperson Mohamed al-Homsany said that the government is closely monitoring regional developments, especially in light of the recent US strikes on Iran, and is working to study all possible scenarios to minimize the impact on the Egyptian economy. During a Sunday telephone interview with the Extra News channel, Homsany explained that the Crisis Management Committee reviewed several potential economic challenges, including rising oil prices, increased shipping and insurance costs, and the potential impact on supply chains. These risks are not limited to Egypt, he said, but are faced by most countries around the world and therefore requires readiness to mitigate their repercussions on the Egyptian economy. Regarding basic commodities, Homsany assured that the strategic stock of food commodities is safe and secure, sufficient for several months, with some commodities having a stockpile exceeding six months. 'This stockpile was established last year under the direction of President Sisi, in anticipation of any regional developments, and we have succeeded in securing it in a manner that ensures citizens' needs are met for the long term.' Each ministry is developing detailed plans to address various scenarios, he emphasized, including the availability of petroleum and natural gas, the continuity of food supply chains, and the provision of essential goods even if the crisis extends for a long period. The Cabinet spokesperson further confirmed that the state has been working for months to ensure energy security, by equipping and connecting three liquefied natural gas (LNG) vessels to the national natural gas grid, and the arrival of a fourth vessel soon to enhance the capacity to import LNG, and modernizing the energy sector's infrastructure. Homsany added that 'The current plan was prepared in advance to meet summer needs, and according to the Prime Minister's statements, electricity needs during the summer are fully secured and there are no concerns about power outages.' The monetary policy adopted by the Central Bank of Egypt relies on a flexible exchange rate system, he noted, which allows for a natural balance in the market between ups and downs. He explained: 'The monetary policy has succeeded in eliminating the parallel market and providing the full need for foreign currency, as our foreign exchange resources have become consistent with our needs for the third consecutive month.' Edited translation from Al-Masry Al-Youm


CairoScene
4 hours ago
- CairoScene
Egypt's Tax Revenues Increase by EGP 500 Billion in FY 2024/2025
Aided by stronger collections across income, VAT, property, and trade taxes, Egypt's tax revenues jumped 36% year-on-year in the first 11 months of FY 2024/25. Jun 23, 2025 Egypt's tax revenues increased by EGP 500 billion in the first 11 months of the 2024/25 fiscal year, marking a 36% rise compared to the same period last year. According to the Ministry of Finance, total tax collections from July to May reached EGP 1.234 trillion, up from EGP 892 billion a year earlier. Officials attributed the increase to improvements in tax administration, greater compliance, and ongoing economic recovery supported by currency stabilisation and structural reforms. The gains were spread across key segments, with income tax revenues rising by 21% to EGP 259.6 billion and value-added tax (VAT) climbing 39% to EGP 573 billion. Property tax receipts surged nearly 59% year-on-year, while trade taxes grew 74% to reach EGP 79.2 billion. The government also pointed to the benefits of digitalisation, automation, and a broader tax base as driving forces behind the growth. The performance aligns with broader fiscal targets aimed at reducing the budget deficit and increasing reliance on sustainable domestic revenue.


Daily News Egypt
13 hours ago
- Daily News Egypt
Egyptian ministers visit mega date farm project to boost agricultural exports
Egypt's Minister of Water Resources and Irrigation, Hani Sewilam, and Minister of Agriculture, Alaa Farouk, traveled to New Valley governorate to inspect progress on what is expected to become the world's largest date farm—part of a national initiative to expand agricultural exports and transform desert land into productive farmland. The visit aligns with President Abdel Fattah Al-Sisi's directive to plant 2.5 million date palms in the western desert region, positioning Egypt as a global leader in date production. During the tour, both ministers planted palm trees to mark the project's advancement and reaffirm the government's commitment to agricultural development. The ministers also visited the Central Groundwater Laboratory and the Sustainable Development Center for New Valley Resources—research institutions affiliated with the irrigation and agriculture ministries. Minister Sewilam underscored the importance of equipping laboratories with state-of-the-art technology and building technical capacity to enhance groundwater monitoring and desert water resource management. Sewilam noted that the laboratory is internationally accredited through December 2025 and plays a central role in safeguarding groundwater—a vital but non-renewable resource that supports Egypt's desert farming projects. He emphasized the need for strict regulation and responsible groundwater usage to ensure long-term sustainability. Minister Farouk highlighted the Desert Research Center's work in cultivating non-traditional, drought-tolerant crops such as quinoa, panicum, and cassava—better suited to Egypt's arid climate. He also pointed to the government's unprecedented investment of more than EGP 1trn in reclaiming approximately 4 million feddans of desert land, with per-feddan development costs ranging between EGP 250,000 and EGP 300,000. Accompanied by New Valley Governor Mohamed El Zamlout, the delegation toured an exhibition featuring the center's work in seed banking, organic fertilizers, and greenhouse agriculture. Farouk called for continued technical support for local farmers and the expansion of agricultural outreach programs to raise productivity and promote sustainable practices. He added that wheat yields have improved significantly, with productivity increasing by nearly one ardeb (around 150 kg) per feddan, helping Egypt exceed last year's wheat procurement by over 500,000 tonnes. The visit reflects Egypt's broader national strategy to modernize agriculture, boost exports, and ensure long-term food security by transforming its vast desert regions into thriving agricultural zones.