The Supply Ministry will issue the EGP 14 raise on ration cards today, boosting welfare recipients’ allowance to EGP 35 from EGP 21, advisor to the Supply Minister Mamdouh Ramadan tells Al Shorouk. The top-up, which the Ismail cabinet approved earlier this month, will only be in effect for the month of Ramadan.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…