Cabinet has proposed an amendment that would allow the Finance Ministry to guarantee loans for state-owned companies, Al Shorouk reports, citing an unnamed government source. The amendments are currently being reviewed by the Council of State (Maglis El Dawla).
More from Enterprise
Four foreign funds line up USD 256 mn for Banque du Caire
London’s Redwheel is among the backers, nearly two weeks after…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA issues model short-selling contract, with launch weeks away
Contract wording is settled; the launch now waits on the…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…