Central Bank of Egypt issues loan guarantees worth LE100B for banks to fund investors

Tue, 19 May 2020 - 12:08 GMT

The banks should be encouraged to be part of an initiative offering loans of 8 percent diminishing balance interest rate to private investors in certain sectors.

Finance min. issues decision to pay govt dues by cash or electronically

Tue, 28 Apr 2020 - 11:23 GMT

Finance Minister Mohamed Maait issued decisions to make it easier for citizens to deal with the health sector's institutions during this time of exceptional circumstances.

Microfinance records 47% growth in 2019

Tue, 25 Feb 2020 - 04:18 GMT

Also, the number of beneficiaries grew by 11.8 percent.

EBRD finances hospitals program in Egypt, Morocco by $125M

Tue, 18 Feb 2020 - 01:38 GMT

EBRD commented that it is supporting the development of high-quality hospitals in Egypt and Morocco.

Finance min. directs taking swift action to sell abandoned goods at ports

Thu, 02 Jan 2020 - 12:53 GMT

If the owners failed to re-export these items, they will have to bear the disposal costs, the minister added.

Egypt signs agreement with ITFC to support commodities by $1.1B

Wed, 04 Dec 2019 - 12:41 GMT

This comes as part of the agreement worth $3 billion signed in January 2018 between the Ministry of Investment and the International Islamic Trade Finance Corporation.

Finance min.: Health insurance system enjoys strong political will

Tue, 15 Oct 2019 - 09:34 GMT

Finance Minister Mohamed Maeit said that the comprehensive health insurance system enjoys a strong political will, aiming at offering better healthcare for all citizens.

Domty signs LE 100M-medium term loan contract with CIB

Wed, 25 Sep 2019 - 01:58 GMT

The loan proceeds will be used to finance the company’s future expansion and capital expenditures for the company’s new product.

Draft bill to end debt conflict between Treasury, Social Insurance

Sun, 14 Jul 2019 - 11:02 GMT

The Treasury Authority owes the National Social Insurance Authority LE 642 billion.

Egypt, Saudi Arabia sign 3 financial leasing agreements worth LE 125M

Wed, 10 Jul 2019 - 04:01 GMT

The agreements had been signed with EFG-Hermes Leasing, Global Leasing and UA Finance.

Arab states pledge $100 million monthly to Palestine

Sun, 23 Jun 2019 - 04:05 GMT

The financial contributions of the Arab states can be made through the Arab League’s general secretariat or directly to the Palestinian Finance Ministry.

Egyptian Startup Fintech Wins Visa’s Grand Cash Prize of $50,000

Wed, 19 Jun 2019 - 12:35 GMT

Paynas outshined four Egyptian and international start-ups with a compelling presentation to the judging panel

38 research projects jointly funded by Cairo University, other establishments

Wed, 12 Jun 2019 - 10:56 GMT

President of the University of Cairo told Egypt Today that the total number of research projects funded jointly by the university and other entities is 38.

Coin machine installed in main post office

Wed, 05 Jun 2019 - 11:58 GMT

The Mint Authority announced on Wednesday installing a machine to change cash for coin in the main post office in Ataba.

Fund provides LE27M for 3,511 enterprises in FY2018-2019

Tue, 04 Jun 2019 - 01:20 GMT

The Local Development Fund provided loans worth LE27 million for 3,511 micro and small enterprises in 11 governorates in the FY2018-2019.

Finance Ministry mulls skipping out 3rd rise of stamp duty tax

Tue, 07 May 2019 - 08:38 GMT

The Finance Ministry is considering a bill to amend Law No.76 for the Year 2017 pertaining to stamp duty tax on stock market transactions.

IFC invests up to $100M in MEGM to boost manufacturing, create jobs

Tue, 02 Apr 2019 - 01:01 GMT

IFC clarified in a statement that this finance is to support the firm’s capital expenditure program, create new jobs, and boost Egypt’s manufacturing sector.

Nasr probes with ITFC support for private sector

Fri, 01 Mar 2019 - 10:47 GMT

The minister praised the role played ITFC to provide basic commodities for citizens through a 3 billion dollar agreement signed last year.

NBE seeks to finance mega, infrastructure projects by LE 180B

Mon, 25 Feb 2019 - 11:24 GMT

The National Bank of Egypt (NBE) aims to pump LE 180 billion to finance mega and infrastructure projects during three years, the vice chairman of the bank said.

Maait holds meetings on fringe of Egypt-South Korea strategic dialogue

Sun, 24 Feb 2019 - 03:25 GMT

Maait is scheduled to hold talks with South Korean Prime Minister Lee Nak-yeon and his counterpart Hong Nam-ki on means of promoting economic cooperation.