{"id":637244,"date":"2017-11-12T04:00:21","date_gmt":"2017-11-12T04:00:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/president-signs-off-on-loan-agreement-with-afesd\/"},"modified":"2017-11-12T04:00:21","modified_gmt":"2017-11-12T04:00:21","slug":"president-signs-off-on-loan-agreement-with-afesd","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/president-signs-off-on-loan-agreement-with-afesd\/","title":{"rendered":"President signs off on loan agreement with AFESD"},"content":{"rendered":"<p><strong>President Abdel Fattah El Sisi signed off on two loan agreement to finance agricultural development in the Sinai worth KWD 110 mn,<\/strong> <a href=\"https:\/\/www.egypttoday.com\/Article\/1\/31700\/Sisi-signs-agreement-to-fund-agriculture-development-in-Sinai\">according to Egypt Today<\/a>. The financing came from the Arab Fund for Economic and Social Development (AFESD).<\/p>\n<p><strong>This comes as Egypt signed on Friday two agreements worth a combined EGP 250 mn with the Saudi Arabian Grant Committee to fund SMEs and ride-sharing projects<\/strong>, <a href=\"http:\/\/www.miic.gov.eg\/Front\/Media\/NewsDetail.aspx?SLang=A&MedId=8487\">according to a ministry statement<\/a>. The agreements include EGP 150 mn in funding for small businesses in Egypt, and a EGP 100 mn agreement between the committee and an EFG Hermes subsidiary to fund new vehicles for ride-sharing platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Abdel Fattah El Sisi signed off on two loan agreement to finance agricultural development in the Sinai worth KWD 110 mn, according to Egypt Today. The financing came from the Arab Fund for Economic and Social Development (AFESD). This comes as Egypt signed on Friday two agreements worth a combined EGP 250 mn with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9285],"tags":[2398,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637244","post","type-post","status-publish","format-standard","hentry","category-diplomacy-foreign-trade","tag-diplomacy-foreign-trade","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"68afd089-6a81-4561-8475-0927722ae317","order":"0","is_powered_by":true,"section_story_id":"a776174a-49c7-4e6c-b7e6-8ab9a1f5fa96","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637211],"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>President signs off on loan agreement with AFESD - 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\/2017\/11\/12\/president-signs-off-on-loan-agreement-with-afesd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President signs off on loan agreement with AFESD\" \/>\n<meta property=\"og:description\" content=\"President Abdel Fattah El Sisi signed off on two loan agreement to finance agricultural development in the Sinai worth KWD 110 mn, according to Egypt Today. The financing came from the Arab Fund for Economic and Social Development (AFESD). This comes as Egypt signed on Friday two agreements worth a combined EGP 250 mn with [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/president-signs-off-on-loan-agreement-with-afesd\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-12T04:00:21+00:00\" \/>\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\/2017\/11\/12\/president-signs-off-on-loan-agreement-with-afesd\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/president-signs-off-on-loan-agreement-with-afesd\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"President signs off on loan agreement with AFESD\",\"datePublished\":\"2017-11-12T04:00:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/president-signs-off-on-loan-agreement-with-afesd\/\"},\"wordCount\":109,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Diplomacy + Foreign Trade\",\"EnterpriseAM\"],\"articleSection\":[\"Diplomacy + Foreign Trade\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/president-signs-off-on-loan-agreement-with-afesd\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/president-signs-off-on-loan-agreement-with-afesd\/\",\"name\":\"President signs off on loan agreement with AFESD - 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The two agreements are geared towards funding SMEs, the Saudi embassy in Cairo said in a statement (pdf).","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596932,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/11\/saudi-arabia-signs-egp-125-mn-worth-grants-to-support-smes-in-egypt\/","url_meta":{"origin":637244,"position":1},"title":"Saudi Arabia signs EGP 125 mn-worth grants to support SMEs in Egypt","author":"enterpriseam admin","date":"11 July 2019","format":false,"excerpt":"Saudi Arabia signs EGP 125 mn-worth agreements to support SMEs in Egypt: The Saudi Arabia Development Fund signed three agreements worth EGP 125 mn to provide funding to SMEs through local microfinance firms EFG Hermes Leasing, Global Lease and UI Finance, the Investment Ministry said in a statement. The first\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572861,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/national-bank-of-egypt-ifc-sign-agreement-to-fund-solar-water-pumps-in-agriculture-agreements-with-usaid-and-canada\/","url_meta":{"origin":637244,"position":2},"title":"National Bank of Egypt, IFC sign agreement to fund solar water pumps in agriculture; agreements with USAID and Canada","author":"enterpriseam admin","date":"12 July 2020","format":false,"excerpt":"GERD aside (see Speed Round, above) It\u2019s all about foreign funding for development and infrastructure projects this morning. The National Bank of Egypt and the International Finance Corporation signed an agreement to increase local funding for solar-powered water pumps in agriculture, according to a statement (pdf). Help from the US,\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598804,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/09\/egypts-el-sisi-ratifies-kwd-70-mn-loan-for-new-sewage-treatment-facility\/","url_meta":{"origin":637244,"position":3},"title":"Egypt\u2019s El Sisi ratifies KWD 70 mn loan for new sewage treatment facility","author":"enterpriseam admin","date":"9 June 2019","format":false,"excerpt":"El Sisi ratifies KWD 70 mn loan for new sewage treatment facility: President Abdel Fattah El Sisi has ratified a KWD 70 mn loan agreement signed last year with the Arab Fund for Economic and Social Development to finance a new sewage treatment facility in Sharqia\u2019s Bahr El Baqar. The\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593273,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/everything-you-need-to-know-about-egypts-investment-for-africa-forum-2019\/","url_meta":{"origin":637244,"position":4},"title":"Everything you need to know about Egypt\u2019s Investment for Africa Forum 2019","author":"enterpriseam admin","date":"24 November 2019","format":false,"excerpt":"Everything you need to know about Investment for Africa 2019, including agreements worth a combined USD 3 bn: Eleven agreements worth more than USD 3 bn were signed during the two-day Investment for Africa Forum, which wrapped up yesterday in the new administrative capital, according to a long readout from\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/11\/1185.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594787,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/egypt-italy-sign-egp-70-5-mn-agreement-for-minya-wastewater-project\/","url_meta":{"origin":637244,"position":5},"title":"Egypt, Italy sign EGP 70.5 mn agreement for Minya wastewater project","author":"enterpriseam admin","date":"8 September 2019","format":false,"excerpt":"Egypt, Italy sign EGP 70 mn wastewater project financing agreement: The Investment Ministry signed a EGP 70.5 mn agreement with the Italian government on Thursday to finance the third phase of a wastewater project in Minya, the ministry said in a statement. 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