EIB provided €1.7B funding to support Egyptian SMEs

Thu, 19 Nov 2020 - 01:52 GMT

MIIC signed an agreement worth €120 million regarding the project "Development and Modernization of the Western Sewage Treatment Plant in Alexandria", for the benefit of the Ministry of Housing, Utilities and Urban Communities and the Executive Authority for Drinking Water and Sanitation.

2K small enterprises founded in Egypt in September 2020 through 1 funding program

Wed, 04 Nov 2020 - 12:49 GMT

That is through the SME's funding program "Mashrouak" (Arabic for Your Project).

Funding portfolio for projects in Egypt's civil aviation sector hits $225.7M

Tue, 13 Oct 2020 - 01:35 GMT

This comes within the framework of the Ministry of Civil Aviation's plan to develop the civil aviation system.

Back to basics: funding agricultural projects

Sun, 11 Oct 2020 - 03:05 GMT

Amidst an impeding global recession, several funding programs aim to serve investors in the agrarian industry.

Funding for SMEs support initiative amounts to about LE180B: CBE governor

Wed, 19 Aug 2020 - 09:09 GMT

All indicators reflected the ability of the Egyptian state to cross the repercussions of the coronavirus in order to maintain the stability of its financial and monetary indicators according to the figures and data of the balance of payments for 2019/2020.

EBRD's funding to Banque Misr reflects new strategy of int'l participation: Min

Wed, 12 Aug 2020 - 01:06 GMT

EBRD announced Wednesday supporting the real economy in Egypt with a $ 200 million financing package to Banque Misr for trade and for on-lending to small and medium-sized enterprises (SMEs) and private businesses – a key segment of the local economy - impacted by the coronavirus pandemic.

Egypt discusses with EIB activating €1.1B funding

Sun, 09 Aug 2020 - 12:20 GMT

“The objective of financing the urban transport sector with €1.1 billion is to enhance the transition from private cars to a more efficient means of transportation” the Minister noted.

EIB supports Egypt's transport sector, NBE by €1.9B

Sun, 19 Jul 2020 - 11:42 GMT

Al-Mashat clarified that €1.1 billion is to finance three projects in the transportation sector with the National Authority for Tunnels.

Planning min.: IsDB provided total funding of $12.8B for Egypt

Sun, 12 Jul 2020 - 04:15 GMT

In a press statement, Saeed lauded measures taken by the bank to combat the novel coronavirus through providing urgent aid for member states and Muslim communities in non-member states.

Planning min.: LE 10B extra funding from 2019/20 budget to curb impact of coronavirus

Mon, 15 Jun 2020 - 01:24 GMT

This came in a report released by the Ministry of Planning and Economic Development on extra funding and budget surplus in the fiscal year 2019/2020.

MSMEDA targets to pump LE 3B in micro-fundings during 2020

Tue, 02 Jun 2020 - 01:25 GMT

The Micro, Small and Medium Enterprises Development Agency (MSMEDA) aims to fund about 200,000 micro-loans during 2020, with a total financing of LE 3 billion.

Microfinance records 47% growth in 2019

Tue, 25 Feb 2020 - 04:18 GMT

Also, the number of beneficiaries grew by 11.8 percent.

ITFC allocates $1.1B in funding for Egypt in 2020

Thu, 06 Feb 2020 - 03:30 GMT

Gamea added in a statement Thursday that $700 million of the funding will go to the energy sector, while $400 million will be for the internal trade.

Agreements worth LE10B signed in Africa 2019

Sat, 23 Nov 2019 - 02:22 GMT

Eleven financial and technical agreements were signed on Saturday.

EIB eager to fund education projects in Egypt

Sat, 23 Nov 2019 - 12:28 GMT

Vice-president of European Investment Bank (EIB) Dario Scannapieco expressed interest in a meeting with Egyptian prime minister.

The future of investment lies in Upper Egypt

Tue, 29 Oct 2019 - 03:30 GMT

Mega projects established in Upper Egypt can be a beacon of hope for smaller ones.

Egypt gets $500M fund from Global Environment Facility: Min.

Wed, 23 Oct 2019 - 04:41 GMT

This funds the implementation of the Egyptian initiative to integrate the three environmental conventions: Biodiversity, desertification and climate change.

EU allocates €1.1B annually for Egypt’s developmental projects

Sun, 15 Sep 2019 - 01:44 GMT

The volume of Egyptian trade with the European Union countries represents about 30 percent of the total volume of its commodity trade with the world.

2019-2023 solid waste recycling executive plan revealed

Tue, 30 Jul 2019 - 01:28 GMT

The plan consists of three main programs.

Prosecution interrogates Ola al-Qaradawi, orders 15-day detention

Mon, 08 Jul 2019 - 03:08 GMT

The charges consist of terrorism funding, affiliation to a terror group, leading an outlawed group, incitement to violence, and undermining the state in lawsuit no.800/2019.