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Egypt, US sign four bilateral assistance agreements for USD 59 mn
Egypt and USAID signed four assistance agreements yesterday worth a combined USD 59 mn, the US embassy said in a…
SMEs
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SME Development Authority to sign EUR 26 mn EU grant next month
The SME Development Authority will sign next month a EUR 27 mn grant agreement with the European Union to promote…
Egypt’s VRapeutic wins first prize at SingularityU MENA 2019 competition
Egypt-based startup VRapeutic has landed in first place at the SingularityU GIC MENA 2019, Al Mal reported. The startup, which…
PM establishes industrial zone for SMEs in Benha
Prime Minister Moustafa Madbouly issued a decree to create a specialized industrial zone in Benha, Qalyubia, dedicated to establishing SMEs,…
OFID to increase Egypt financing by USD 55 mn by year-end
OFID to increase Egypt financing by USD 55 mn by year-end: The OPEC Fund for International Development (OFID) is planning…
An eventful night on Egypt’s talk shows, British Airways’ suspension dominates
British Airways’ suspension of flights to Cairo for a week was in the spotlight on a busy night for the…
ITFC to provide USD 50 mn in loans to Egyptian SMEs in 2020
ITFC to provide USD 50 mn in SME loans in 2020: The Islamic Trade Finance Corporation (ITFC) will channel a…
Aman in talks with four banks to increase credit portfolio to EGP 700 mn
Raya Holding’s microfinance arm Aman is in talks with four banks to increase its credit portfolio to EGP 700 mn…
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