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.
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.
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.
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.
Some 3.1 million persons have benefited from the funds, said FRA chairman Mohamed Omran in a press conference Tuesday.
With $ 12.7 billion, Egypt ranks third among countries receiving funding from the Islamic Development Bank, the minister of planning stated.
The government, since the beginning of the "pandemic", has taken immediate measures to support the medical sector.
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.
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.
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.
On Sunday, the local market received $367 million, the source added.
The Cabinet approved during a meeting under Prime minister Mostafa Madbouli on Thursday a number of decrees and draft laws
Egypt and France will cooperate in a new cancer network to raise funds for cancer treatment and promote support for cancer patients in Egypt
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.
Most Gulf stock markets were weak in early trade on Tuesday, in line with a pull-back by Asian bourses and oil prices.
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 has financed 224,000 micro and small projects with some LE 4.5 billion in 2017, providing around 305,000 jobs.
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.
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.
Fidelity Investments has hired a consulting firm to review employee behavior amid allegations of sexual harassment at the U.S. money manager.