{"id":646192,"date":"2017-06-07T03:32:09","date_gmt":"2017-06-07T03:32:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/"},"modified":"2017-06-07T03:32:09","modified_gmt":"2017-06-07T03:32:09","slug":"central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/","title":{"rendered":"Central Accounting Authority says ITDA squandered EGP 150 mn of public funds"},"content":{"rendered":"

The Supply Ministry\u2019s Internal Trade Development Authority (ITDA) has squandered EGP 150 mn of public funds, Central Accounting Authority undersecretary Khaled Wakeel alleged at a meeting with the House Economic Committee, Al Shorouk reports<\/a>. Wakeel accuses the authority of some creative accounting.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Supply Ministry\u2019s Internal Trade Development Authority (ITDA) has squandered EGP 150 mn of public funds, Central Accounting Authority undersecretary Khaled Wakeel alleged at a meeting with the House Economic Committee, Al Shorouk reports. Wakeel accuses the authority of some creative accounting.<\/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":[9346],"tags":[2376,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646192","post","type-post","status-publish","format-standard","hentry","category-egypt-politics-economics","tag-egypt-politics-economics","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"2cc3de54-1f5e-4953-ae31-a66ed80020ef","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[646149],"teaser":"","voice_url":""},"yoast_head":"\nCentral Accounting Authority says ITDA squandered EGP 150 mn of public funds - 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\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Accounting Authority says ITDA squandered EGP 150 mn of public funds\" \/>\n<meta property=\"og:description\" content=\"The Supply Ministry\u2019s Internal Trade Development Authority (ITDA) has squandered EGP 150 mn of public funds, Central Accounting Authority undersecretary Khaled Wakeel alleged at a meeting with the House Economic Committee, Al Shorouk reports. Wakeel accuses the authority of some creative accounting.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-07T03:32:09+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\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Central Accounting Authority says ITDA squandered EGP 150 mn of public funds\",\"datePublished\":\"2017-06-07T03:32:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/\"},\"wordCount\":53,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egypt Politics + Economics\",\"EnterpriseAM\"],\"articleSection\":[\"Egypt Politics + Economics\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/\",\"name\":\"Central Accounting Authority says ITDA squandered EGP 150 mn of public funds - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-06-07T03:32:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Central Accounting Authority says ITDA squandered EGP 150 mn of public funds\"}]},{\"@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":"Central Accounting Authority says ITDA squandered EGP 150 mn of public funds - 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\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/","og_locale":"en_US","og_type":"article","og_title":"Central Accounting Authority says ITDA squandered EGP 150 mn of public funds","og_description":"The Supply Ministry\u2019s Internal Trade Development Authority (ITDA) has squandered EGP 150 mn of public funds, Central Accounting Authority undersecretary Khaled Wakeel alleged at a meeting with the House Economic Committee, Al Shorouk reports. Wakeel accuses the authority of some creative accounting.","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-06-07T03:32:09+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\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Central Accounting Authority says ITDA squandered EGP 150 mn of public funds","datePublished":"2017-06-07T03:32:09+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/"},"wordCount":53,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Egypt Politics + Economics","EnterpriseAM"],"articleSection":["Egypt Politics + Economics"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/","name":"Central Accounting Authority says ITDA squandered EGP 150 mn of public funds - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-06-07T03:32:09+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/central-accounting-authority-says-itda-squandered-egp-150-mn-of-public-funds\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Central Accounting Authority says ITDA squandered EGP 150 mn of public funds"}]},{"@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":596187,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/20\/egypts-itda-to-tender-five-logistics-centers-in-september\/","url_meta":{"origin":646192,"position":0},"title":"Egypt\u2019s ITDA to tender five logistics centers in September","author":"enterpriseam admin","date":"20 August 2019","format":false,"excerpt":"The Internal Trade Development Authority (ITDA) will launch next month tenders to build five logistics centers in Kafr El Sheikh, Suez, El Wadi El Gedeed, Sharkia, and the Red Sea \u2014 at an initial investment cost of EGP 14.2 bn, Supply Minister Ali El Moselhy said. The planned centers will\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601227,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/state-employees-who-embezzled-egp-30-mn-arrested\/","url_meta":{"origin":646192,"position":1},"title":"State employees who embezzled EGP 30 mn arrested","author":"enterpriseam admin","date":"21 February 2019","format":false,"excerpt":"Two Egyptian state employees have been arrested by the authorities after embezzling some EGP 30 mn allocated as compensation for state-appropriated property, Ahram Online reports. The Administrative Control Authority said that specialists are investigating the crime and examining loopholes to understand how the employees were able to embezzle the funds.","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595978,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/15\/egypts-itda-to-start-building-egp-2-bn-logistics-zone-in-qena-next-week\/","url_meta":{"origin":646192,"position":2},"title":"Egypt\u2019s ITDA to start building EGP 2 bn logistics zone in Qena next week","author":"enterpriseam admin","date":"15 August 2019","format":false,"excerpt":"The Supply Ministry\u2019s Internal Trade Development Authority (ITDA) is expected to break ground next week on a EGP 2 bn commercial and logistics zone in Qena, ITDA boss Ibrahim El Ashmawy said told Al Mal. The early phase of the zone will be developed by the United Company of Pharmacists,\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621925,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/fra-brings-egyptian-accounting-standards-in-line-with-ifrs\/","url_meta":{"origin":646192,"position":3},"title":"FRA brings Egyptian Accounting Standards in line with IFRS","author":"enterpriseam admin","date":"21 November 2018","format":false,"excerpt":"The Financial Regulatory Authority (FRA) has amended the Egyptian Accounting Standards (EAS) to bring them in line with the IFRS, FRA boss Mohamed Omran announced yesterday. The amendments include adding standards to be compatible with IFRS 9 and 15, as well as a third standard to resolve discrepancies between the\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598012,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/12\/habib-el-adly-convicted-of-unintentional-abuse-of-public-funds-fined-egp-500\/","url_meta":{"origin":646192,"position":4},"title":"Habib El Adly convicted of unintentional \u201cabuse of public funds,\u201d fined EGP 500","author":"enterpriseam admin","date":"12 May 2019","format":false,"excerpt":"Ex-interior minister Habib El Adly was convicted on Thursday of charges of unintentional \u201cabuse of public funds\u201d and fined EGP 500 (USD 29) by an Egyptian court, Reuters reports. The size of the fine has generated some controversy, especially as the former head of the ministry\u2019s Central Administration of Finances\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602489,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/itda-contracts-egyptian-foreign-investors-to-develop-egp-30-bn-logistics-centers\/","url_meta":{"origin":646192,"position":5},"title":"ITDA contracts Egyptian, foreign investors to develop EGP 30 bn logistics centers","author":"enterpriseam admin","date":"28 March 2019","format":false,"excerpt":"The Internal Trade Development Authority (ITDA) has awarded contracts to Egyptian and foreign investors to develop six logistics and commercial centers in Fayoum, Menoufia, Sharkia, Luxor, Beheira and Dakahlia worth a combined EGP 30 bn, the Supply Ministry said in a statement (pdf). The authority had previously awarded similar projects\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"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\/646192","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=646192"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646192\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/646149"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=646192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=646192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=646192"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=646192"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=646192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}