Three Factors Highlighted as Crucial to Achieving Desired Security Outcomes: Enabling Business, Managing Risk and Operating Efficiently
The agreement was signed on June 22, 2020 and mainly targets youth and women.
An Egyptian-German partnership project to create jobs and support SMEs will offer grants to non-profit entities and partners in the public sector to remove investment obstacles, International Cooperation Minister Rania Al-Mashat said.
The deal inked in January is subject to the endorsement of the president.
CBE indicated that 81 percent of the facilities has already been used for the industrial, agricultural and service sectors for 126,000 small and medium-sized companies, in addition to microfinance for more than 900,000 micro-clients.
It had been decided to provide funding to more than 120,000 companies and establishments, which would create and maintain job opportunities of about one million jobs.
The Egyptian Exchange (EGX) gained about EGP 10.9 billion over the past week after its indexes went up collectively.
A crisis or a change in the business ecosystem can alter how an enterprise functions and can even terminate industries giving rise to others.
Gamea clarified in a statement, Sunday, that these projects provided 195,000 job opportunities.
The number of beneficiaries also rose slightly by 0.5 percent.
The units are located in the industrial SME's complexes, particularly B and C spanning over six million square meters southern the city.
A ceremony was held to celebrate the conclusion of the Support to Agricultural SME's Project (SASME) displaying funding and training provided.
As per financial services, women participation in the one-window services represented 29 percent of the total services, including issuing licenses, identification cards, tax statements and social insurance.
That is through the SME's funding program "Mashrouak" (Arabic for Your Project).
The units offered are fully finished, and have got utilities introduced, fire alarm systems, and security.
In one of the 2020 Annual Meetings of the International Monetary Fund and the World Bank Group, Minister of Finance Mohamed Mait displayed figures on the performance of the Egyptian economy during the COVID-19 crisis and plans for the future.
Amidst an impeding global recession, several funding programs aim to serve investors in the agrarian industry.
This is one of the actions taken for the restructuring and development of the Egyptian SMEs market and is a complementing step to the action taken, in cooperation with Misr for Central Clearing, Depository & Registry (MCSD), in July 2019.
This came during Sisi’s meeting with Central Bank Governor Tarek Amer, in the presence of deputy governors of the bank, Gamal Nagm and Ramy Abul-Naga.
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.