Funds

New funds allocated to upgrade oil production efficiency: Molla

Wed, 19 Jan 2022 - 02:24 GMT

These funds are allocated to upgrade the efficiency of the production system through providing modern equipment, he added during a meeting of the general assembly of the two companies.

U.S. Ambassador in Cairo: Egypt-America relations are strong, deep; WYF was a source of inspiration for us

Wed, 19 Jan 2022 - 12:52 GMT

The U.S. Ambassador to Cairo, Jonathan Cohen, said that the World Youth Forum, which was held in Sharm El-Sheikh, a few days ago, was an important and good opportunity to exchange visions between heads of government, politicians, ministers, business leaders, cultural and youth figures, not only in Egypt, but from all over the region and the world.

Egypt injects LE 14.2M funds in 349 small projects

Tue, 07 Dec 2021 - 01:14 GMT

The Agency has implemented about 349 projects, providing nearly 931 job opportunities since the initiative began in the period (January-October) 2021, according to MSMEDA.

Egypt's central bank directs banks to increase financing for companies, factories

Thu, 18 Nov 2021 - 10:23 GMT

Increasing financing will take place through injecting additional funds to help the companies and factories face the increase in international prices, and to maintain operating and production rates.

FRA: Funds set for micro-sized projects amount to LE 18.7B by end of 2020

Tue, 19 Jan 2021 - 01:44 GMT

Some 3.1 million persons have benefited from the funds, said FRA chairman Mohamed Omran in a press conference Tuesday.

Egypt's Planning Ministry sheds light on 2 years of cooperation with Islamic Development Bank

Wed, 06 Jan 2021 - 04:32 GMT

With $ 12.7 billion, Egypt ranks third among countries receiving funding from the Islamic Development Bank, the minister of planning stated.

Egypt allocated LE 14.4B for health sector since start of coronavirus

Wed, 06 Jan 2021 - 12:03 GMT

The government, since the beginning of the "pandemic", has taken immediate measures to support the medical sector.

Egypt captures development funds worth $3.1B for private sector in 2020

Tue, 22 Dec 2020 - 05:55 GMT

The ministry clarified in its annual report that these funds represent 32.3 percent of the total development financing for the Arab Republic of Egypt during 2020.

Egypt signs development funds worth €715.6M with AFD

Wed, 09 Dec 2020 - 12:17 GMT

These funds come as part of the activities of President Abdel Fattah Al-Sisi’s visit to France to discuss bilateral cooperation in all fields, with French President Emmanuel Macron.

CBE maintains maximum local currency funds for travelers at LE 5,000

Thu, 01 Oct 2020 - 11:12 GMT

Travelers, from or into Egypt, could carry up to five thousand Egyptian pounds, and up to ten thousand US dollars, CBE said in a statement.

Banking official: Int'l funds pumped $3B new investments in Egypt's market in a month

Mon, 13 Jul 2020 - 10:39 GMT

On Sunday, the local market received $367 million, the source added.

Cabinet to transfer percentage of funds, private accounts to state treasury

Thu, 12 Jul 2018 - 06:50 GMT

The Cabinet approved during a meeting under Prime minister Mostafa Madbouli on Thursday a number of decrees and draft laws

Egypt-France network to raise funds for 57357

Wed, 06 Jun 2018 - 11:42 GMT

Egypt and France will cooperate in a new cancer network to raise funds for cancer treatment and promote support for cancer patients in Egypt

'Unauthorized transfers' siphon funds from Mexican banks: central bank

Sat, 12 May 2018 - 09:57 GMT

An as yet unknown amount of funds were sucked out of at least five Mexican financial groups through “unauthorized transfers”, a top central bank official said.

Gulf stocks mostly weak in early trade but Saudi firm

Tue, 20 Feb 2018 - 09:03 GMT

Most Gulf stock markets were weak in early trade on Tuesday, in line with a pull-back by Asian bourses and oil prices.

Saudi Prince Alwaleed in settlement talks with government: sources

Sun, 14 Jan 2018 - 09:07 GMT

Prince Alwaleed bin Talal is negotiating a possible settlement with authorities but so far has not agreed on terms, a senior Saudi official said.

MSMEDA provides LE 4.8B in funding to SMEs in 2017

Thu, 11 Jan 2018 - 12:10 GMT

MSMEDA has financed 224,000 micro and small projects with some LE 4.5 billion in 2017, providing around 305,000 jobs.

Switzerland's decision to stop cooperation with Egypt is groundless

Sun, 26 Nov 2017 - 05:02 GMT

The Public Prosecution dismissed as untrue all reasons given by the Swiss authorities to justify their decision to end all judicial cooperation with Egypt as regards.

Eyeing $400B, Saudi wealth fund aims to nearly double size by 2020

Wed, 25 Oct 2017 - 11:14 GMT

Saudi Arabia's main sovereign wealth fund wants to increase its financial clout to 1.5 trillion riyals ($400 billion) by 2020 as part of the kingdom's efforts.

Sexual harassment allegations spark review, meeting at Fidelity: WSJ

Sun, 22 Oct 2017 - 04:42 GMT

Fidelity Investments has hired a consulting firm to review employee behavior amid allegations of sexual harassment at the U.S. money manager.

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