{"id":641637,"date":"2017-09-27T03:59:44","date_gmt":"2017-09-27T03:59:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/"},"modified":"2017-09-27T03:59:44","modified_gmt":"2017-09-27T03:59:44","slug":"military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/","title":{"rendered":"Military Production Ministry waives bank-issued LG requirement for affiliated companies"},"content":{"rendered":"

Companies affiliated with the Military Production Ministry will be providing letters of guarantee officiated by the state, rather than banks, for its projects, Minister Mohamed El Assar announced yesterday, Al Masry Al Youm reports<\/a>. The decision to waive the bank-issued letter of guarantee came during a Supreme Industry Committee meeting headed by Prime Minister Sherif Ismail.<\/p>\n","protected":false},"excerpt":{"rendered":"

Companies affiliated with the Military Production Ministry will be providing letters of guarantee officiated by the state, rather than banks, for its projects, Minister Mohamed El Assar announced yesterday, Al Masry Al Youm reports. The decision to waive the bank-issued letter of guarantee came during a Supreme Industry Committee meeting headed by Prime Minister Sherif […]<\/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":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-641637","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"3017f0fe-f4af-4fec-8443-bcd664ff18d4","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[641601],"teaser":"","voice_url":""},"yoast_head":"\nMilitary Production Ministry waives bank-issued LG requirement for affiliated companies - 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\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Military Production Ministry waives bank-issued LG requirement for affiliated companies\" \/>\n<meta property=\"og:description\" content=\"Companies affiliated with the Military Production Ministry will be providing letters of guarantee officiated by the state, rather than banks, for its projects, Minister Mohamed El Assar announced yesterday, Al Masry Al Youm reports. The decision to waive the bank-issued letter of guarantee came during a Supreme Industry Committee meeting headed by Prime Minister Sherif […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-27T03:59:44+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Military Production Ministry waives bank-issued LG requirement for affiliated companies\",\"datePublished\":\"2017-09-27T03:59:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/\"},\"wordCount\":66,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/\",\"name\":\"Military Production Ministry waives bank-issued LG requirement for affiliated companies - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-09-27T03:59:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Military Production Ministry waives bank-issued LG requirement for affiliated companies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Military Production Ministry waives bank-issued LG requirement for affiliated companies - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/","og_locale":"en_US","og_type":"article","og_title":"Military Production Ministry waives bank-issued LG requirement for affiliated companies","og_description":"Companies affiliated with the Military Production Ministry will be providing letters of guarantee officiated by the state, rather than banks, for its projects, Minister Mohamed El Assar announced yesterday, Al Masry Al Youm reports. The decision to waive the bank-issued letter of guarantee came during a Supreme Industry Committee meeting headed by Prime Minister Sherif […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-09-27T03:59:44+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Military Production Ministry waives bank-issued LG requirement for affiliated companies","datePublished":"2017-09-27T03:59:44+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/"},"wordCount":66,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["BANKING + FINANCE","EnterpriseAM"],"articleSection":["Banking + Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/","name":"Military Production Ministry waives bank-issued LG requirement for affiliated companies - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-09-27T03:59:44+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/military-production-ministry-waives-bank-issued-lg-requirement-for-affiliated-companies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Military Production Ministry waives bank-issued LG requirement for affiliated companies"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":644968,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/09\/clarification-on-military-production-ministry-receiving-funding-offer-from-ebrd\/","url_meta":{"origin":641637,"position":0},"title":"Clarification on Military Production Ministry receiving funding offer from EBRD","author":"enterpriseam admin","date":"9 July 2017","format":false,"excerpt":"CLARIFICATION - We had run a story last week on the Military Production Ministry receiving funding offers for its USD 2 bn solar panel factory from the European Bank for Reconstruction and Development (EBRD) from an Al Borsa article which quoted statements by Military Production Minister Mohamed Al Assar. We\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592751,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/national-bank-of-egypt-nbk-ask-finmin-to-guarantee-usd-700-mn-anopc-loan\/","url_meta":{"origin":641637,"position":1},"title":"National Bank of Egypt, NBK ask FinMin to guarantee USD 700 mn ANOPC loan","author":"enterpriseam admin","date":"5 November 2019","format":false,"excerpt":"The National Bank of Egypt and the National Bank of Kuwait have requested letters of guarantee from the Finance Ministry for a USD 700 mn loan to contribute to the financing of the Assiut National Oil Processing Company\u2019s hydrofracking complex, according to Al Mal.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632079,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/finance-ministry-issues-letters-of-guarantee-to-30-solar-power-companies-under-fit-phase-two\/","url_meta":{"origin":641637,"position":2},"title":"Finance Ministry issues letters of guarantee to 30 solar power companies under FiT phase two","author":"enterpriseam admin","date":"1 February 2018","format":false,"excerpt":"The Finance Ministry issued financial guarantees to 30 solar power companies implementing projects under phase two of the feed in-tariff (FiT) program, government sources told Al Borsa. The projects are being funded by the European Bank for Reconstruction and Development and International Finance Corporation, they said. Companies are now waiting\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624757,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/will-state-owned-companies-be-exempt-from-the-cap-on-borrowing\/","url_meta":{"origin":641637,"position":3},"title":"Will state-owned companies be exempt from the cap on borrowing?","author":"enterpriseam admin","date":"18 September 2018","format":false,"excerpt":"Will state-owned companies be exempt from a cap on borrowing? Prime Minister Mostafa Madbouly and Finance Minister Mohamed Maait agreed to amend newly-issued borrowing regulations for state-owned companies, allowing them to receive loans without first seeking Finance Ministry approval, Public Enterprises Minister Hisham Tawfik said yesterday, Al Mal reports. Under\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647983,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/govt-mulls-increasing-rates-on-suez-canal-investment-certificates\/","url_meta":{"origin":641637,"position":4},"title":"Gov\u2019t mulls increasing rates on Suez Canal investment certificates","author":"enterpriseam admin","date":"24 May 2017","format":false,"excerpt":"The Finance Ministry is mulling raising interest rates on Suez Canal investment certificates to 17.5%, up from 15.5%, following the central bank\u2019s decision to increase rates, sources tell Al Mal. The sources say the Ministry will deliberate the decision with the central bank. However, Vice Minister Mohamed Maait says the\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625428,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/el-assar-meets-with-bechtel-regional-president-to-discuss-cooperation\/","url_meta":{"origin":641637,"position":5},"title":"El Assar meets with Bechtel regional president to discuss cooperation","author":"enterpriseam admin","date":"5 August 2018","format":false,"excerpt":"Military Production Minister Mohamed El Assar met yesterday with Bechtel\u2019s Regional President for Europe and the Middle East, Stuart Jones, to discuss a potential JV with ministry-affiliated companies, Al Shorouk reports. The JV would be established specifically for development on national mega projects, according to the newspaper.","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/641637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=641637"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/641637\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/641601"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=641637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=641637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=641637"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=641637"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=641637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}