Cabinet discusses Mubarak's directives

The Cabinet reviews in a meeting Tuesday under Prime Minister Atef Ebeid the directive of President Hosni Mubarak in a meeting he chaired last Saturday to probe means to deal with the impact of the world economic crisis, development of foreign currency resources and rationalization of government expenditure.

The Cabinet will discuss two draft laws on banks with the aim upping service and foreign investments and achieving an economic flexibility.

President Mubarak will meet with one minister every three days with the premier attending.

The Cabinet will also probe means to activate the market and increase the banking and credit activity through offering the stagnant stock at affordable prices.

Ebeid will deliver his fourth government's policy statement before the People's Assembly on December 24.

The statement is expected to include the policies and executive steps of President Mubarak's directives in his political speech before a joint People's Assembly and Shura Council session last November 10.

The Assembly is to refer the government's policy statement to an ad hoc committee under Deputy Speaker Amal Othman to prepare a relevant report to be submitted to the Assembly in later sessions.