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 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.
Also, the number of beneficiaries grew by 11.8 percent.
EBRD commented that it is supporting the development of high-quality hospitals in Egypt and Morocco.
If the owners failed to re-export these items, they will have to bear the disposal costs, the minister added.
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 Minister Mohamed Maeit said that the comprehensive health insurance system enjoys a strong political will, aiming at offering better healthcare for all citizens.
The loan proceeds will be used to finance the company’s future expansion and capital expenditures for the company’s new product.
The Treasury Authority owes the National Social Insurance Authority LE 642 billion.
The agreements had been signed with EFG-Hermes Leasing, Global Leasing and UA Finance.
The financial contributions of the Arab states can be made through the Arab League’s general secretariat or directly to the Palestinian Finance Ministry.
Paynas outshined four Egyptian and international start-ups with a compelling presentation to the judging panel
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.
The Mint Authority announced on Wednesday installing a machine to change cash for coin in the main post office in Ataba.
The Local Development Fund provided loans worth LE27 million for 3,511 micro and small enterprises in 11 governorates in the FY2018-2019.
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 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.
The minister praised the role played ITFC to provide basic commodities for citizens through a 3 billion dollar agreement signed last year.
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 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.