LE40B disbursed to 1.6M MSMEs in Egypt since 2014

Sun, 26 Jun 2022 - 03:33 GMT

Gamea noted that those entities created 2.5 million jobs.

GIZ, FRA cooperate to support growth of SMEs in Egypt

Tue, 24 May 2022 - 02:15 GMT

The GIZ stated, in a press statement, Monday, that it is implementing, in cooperation with the financial supervision, a strategy to improve banking supervision and regulation, in addition to financial stability and comprehensiveness.

Egypt's law drops lawsuits against unofficial businesses once licensed to encourage inclusion in official economy

Wed, 04 May 2022 - 05:12 GMT

As part of Egypt’s endeavors to encourage the integration of unofficial economy projects into the official economy, the law stipulates lawsuits against such businesses are halted once they obtain a temporary license.

Credit Guarantee Company launches program for SMEs financing in Upper Egypt

Thu, 17 Mar 2022 - 02:26 GMT

Named "Daman" (guarantee), the new financing program is planned to be launched first in Qena governorate to support the national economy, said CGC managing director Naglaa Bahr on the sidelines of SMEs conference... Egypt Vision 2030, organized by the Union of Arab Banks in Luxor.

CBE deputy governor: Financial inclusion rates up 110% in last 5 years

Mon, 14 Mar 2022 - 07:14 GMT

Addressing a conference on the future of small and medium-sized enterprises (SMEs), which is organized by the Union of Arab Banks (UAB) in the Upper Egyptian city of Luxor, Loqman said the CBE is seeking to equally offer financial services to the majority of citizens across Egypt.

CBE Governor: SMEs mainstay for economic growth

Sun, 13 Mar 2022 - 05:56 GMT

He made the remarks in a speech delivered on his behalf by CBE Deputy Governor Gamal Negm at a conference organized by the Arab Banks Union.

FEB: Banks contribute over LE 400B to SMEs until end of 2021

Sun, 13 Mar 2022 - 05:50 GMT

Cairo has shown an early interest in supporting this sector, Etreby acknowledged, noting that this started even before the coronavirus pandemic.

CBE seeks to reduce risks facing SMEs -- Official

Sun, 13 Mar 2022 - 05:47 GMT

The Credit Guarantee Company (CGC) has been directed to cover financing operations carried out by the banks for the sake of the SME sector, Negm told the conference.

PM: Industrial complexes part of State's approach to promote small, medium industries

Thu, 20 Jan 2022 - 08:29 GMT

The premier made the remarks during a meeting held on Wednesday with Trade and Industry Minister Nevine Gamea to follow up the status of implementation of the industrial complexes nationwide in the presence of Head of the Industrial Development Authority (IDA) Mohamed Al Zallat.

Upper Egypt gets a revamp with special care to human development

Sun, 26 Dec 2021 - 06:00 GMT

Upper Egyptian governorates, from the North to the South, are Fayoum, Beni Suef, Menya, Asyut, Sohag, Qena, Luxor, and Aswan.

Egypt has nearly 200 years of experience in SMEs, says IMF executive director

Sat, 25 Dec 2021 - 11:04 GMT

Egypt has nearly 200 years of experience in the field of implementing small and medium sized enterprises (SMEs), said Executive Director of the International Monetary Fund (IMF) Mahmoud Mohieddine.

UNIDO highlights lessons from COVID-19, makes speculations about post-pandemic manufacturing sector

Mon, 20 Dec 2021 - 02:37 GMT

The report describes resilience factors, types of responses, and trends of the future.

Egypt's Central Bank issues package of facilities for small, medium-sized companies

Tue, 14 Dec 2021 - 04:20 GMT

The decision provides for facilitating some of the regulatory requirements for small and medium-sized companies related to their classification as defaulting clients, in light of the fact that they are the most affected by the repercussions of the Corona virus crisis, which is still ongoing.

Egypt EGX indices decline at closing of Monday transactions

Mon, 13 Dec 2021 - 04:03 GMT

Purchases by foreign investment funds and Egyptian individuals forced all indexes of the Egyptian Exchange to decline at the closing of Monday transactions.

Egypt seeks to boost SMEs contribution to national economy -- Official

Tue, 30 Nov 2021 - 01:03 GMT

The committee is eyeing bigger contribution by SMEs to the national economy in order to reach 80 to 90 percent as in some major countries, Shafie said, noting that in Egypt it only stands at 20 percent.

Arab Fund for Social and Economic Development to finance Egyptian SMEs with $30M

Wed, 24 Nov 2021 - 08:30 GMT

Saad pointed out that the fund's focus now is investing in green economy as well as cooperating with the private sector.

All EGX indices down, Thursday

Thu, 18 Nov 2021 - 07:37 GMT

Egyptian Exchange (EGX) indices went down collectively at the close of Thursday's trading, pushed by sales by Arab and foreign investors, amid anticipation that new incentives would be introduced for the market.

Haya Karima has dispensed LE 844M in loans for small, micro enterprises

Mon, 25 Oct 2021 - 11:19 GMT

Haya Karima initiative has dispensed loans worth L.E.844 million for small and micro enterprises since its launch in 2019.

EGX indices show mixed performance, benchmark increases 0.9 pct

Wed, 13 Oct 2021 - 07:20 GMT

Egyptian Exchange (EGX) indices showed mixed performance at the close of Wednesday's trading.

Egypt’s President Sisi ratifies decree approving partnership with Germany

Thu, 16 Sep 2021 - 11:35 GMT

Coordination has been made with the German side to obtain a grant of € 3 million, within the scope of financing the special initiative for employment and training, to finance the project "Partnership to create jobs and support small and medium enterprises in the Arab Republic of Egypt."