{"id":578873,"date":"2023-01-17T04:12:21","date_gmt":"2023-01-17T04:12:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/the-house-greenlights-a-batch-of-development-loans-grants-a-bill-allowing-fresh-oil-exploration-in-north-sinai\/"},"modified":"2023-01-17T04:12:21","modified_gmt":"2023-01-17T04:12:21","slug":"the-house-greenlights-a-batch-of-development-loans-grants-a-bill-allowing-fresh-oil-exploration-in-north-sinai","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/the-house-greenlights-a-batch-of-development-loans-grants-a-bill-allowing-fresh-oil-exploration-in-north-sinai\/","title":{"rendered":"The House greenlights a batch of development loans, grants + a bill allowing fresh oil exploration in North Sinai"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>The House of Representatives approved a set of development loans and grants <\/strong><strong>yesterday<\/strong> in food security, infrastructure, education, and healthcare.<\/p>\n<ul>\n<li><strong>A <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e8a7e93c-19dd-4e9d-84ed-e663de1c9ef5\">USD 271 mn loan<\/a><\/strong><strong> from the African Development Bank to boost food security and resilience this fiscal year<\/strong> in the wake of supply shocks brought on by the Russia-Ukraine conflict.<\/li>\n<li><strong>A USD 13 mn grant from USAID <\/strong>to support family planning, birth control, and reproductive health services across the country, and a separate <strong>USD 5.7 mn USAID grant<\/strong> for primary education.<\/li>\n<li><strong>An EUR 3 mn grant from the French Development Agency (AFD) <\/strong>to develop the infrastructure of four informal settlements in Cairo and Giza, and <strong>an EUR 2 mn grant from the AFD <\/strong>to finance the teaching of French in public schools.<\/li>\n<\/ul>\n<p><strong>Brenco, EGPC get the go-ahead for North Sinai oil exploration: <\/strong>The House also passed a law that allows Oil Minister Tarek El Molla to contract the Egyptian General Petroleum Corporation and Brenco to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0af7f92b-7e1d-42a5-961b-8898d238ce99\">explore for oil offshore North Sinai<\/a>.<\/p>\n<p><strong>AND- The House Economic Affairs Committee continued the discussion of the Unified Ins. Act <\/strong>it <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9fd317e8-a68c-44df-9ccd-65ca4c285bc7\">began on Sunday<\/a>. Approved by the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cea77833-386b-467f-8909-3d305087d7d6\">Senate last April<\/a>, the bill has been more than four years in the making and would give the Financial Regulatory Authority (FRA) broad new powers to regulate the sector, make ins. compulsory for SMEs and freelancers, and set up new economic courts to mediate disputes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The House of Representatives approved a set of development loans and grants yesterday in food security, infrastructure, education, and healthcare. A USD 271 mn loan from the African Development Bank to boost food security and resilience this fiscal year in the wake of supply shocks brought on by the Russia-Ukraine conflict. A USD 13 mn [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":578874,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7344],"tags":[1376,101,72,565,2588,274,187,91,501],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-watch","tag-african-development-bank","tag-development-finance","tag-enterpriseam","tag-food-security","tag-french-development-agency","tag-house-of-representatives","tag-legislation-watch","tag-oil-and-gas","tag-usaid","wpautop","entry"],"acf":{"mongo_id":"d0818fe5-ccaf-4682-951d-7f01a70c0763","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/275.jpg","photo_position":"above","related_issue":[578861],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The House greenlights a batch of development loans, grants + a bill allowing fresh oil exploration in North Sinai - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/the-house-greenlights-a-batch-of-development-loans-grants-a-bill-allowing-fresh-oil-exploration-in-north-sinai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The House greenlights a batch of development loans, grants + a bill allowing fresh oil exploration in North Sinai\" \/>\n<meta property=\"og:description\" content=\"The House of Representatives approved a set of development loans and grants yesterday in food security, infrastructure, education, and healthcare. A USD 271 mn loan from the African Development Bank to boost food security and resilience this fiscal year in the wake of supply shocks brought on by the Russia-Ukraine conflict. A USD 13 mn [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/the-house-greenlights-a-batch-of-development-loans-grants-a-bill-allowing-fresh-oil-exploration-in-north-sinai\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-17T04:12:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/275.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/the-house-greenlights-a-batch-of-development-loans-grants-a-bill-allowing-fresh-oil-exploration-in-north-sinai\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/the-house-greenlights-a-batch-of-development-loans-grants-a-bill-allowing-fresh-oil-exploration-in-north-sinai\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"The House greenlights a batch of development loans, grants + a bill allowing fresh oil exploration in North Sinai\",\"datePublished\":\"2023-01-17T04:12:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/the-house-greenlights-a-batch-of-development-loans-grants-a-bill-allowing-fresh-oil-exploration-in-north-sinai\/\"},\"wordCount\":241,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/the-house-greenlights-a-batch-of-development-loans-grants-a-bill-allowing-fresh-oil-exploration-in-north-sinai\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/275.jpg?fit=%2C&ssl=1\",\"keywords\":[\"African Development Bank\",\"development finance\",\"EnterpriseAM\",\"food security\",\"French Development Agency\",\"House of Representatives\",\"Legislation Watch\",\"oil and gas\",\"USAID\"],\"articleSection\":[\"LEGISLATION WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/the-house-greenlights-a-batch-of-development-loans-grants-a-bill-allowing-fresh-oil-exploration-in-north-sinai\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/the-house-greenlights-a-batch-of-development-loans-grants-a-bill-allowing-fresh-oil-exploration-in-north-sinai\/\",\"name\":\"The House greenlights a batch of development loans, grants + a bill allowing fresh oil exploration in North Sinai - 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