Al-Rajhi said, in an interview with the Daily News Egypt, that the fund approved $270m for Egypt during the last fiscal year (FY), aimed at supporting micro-enterprises, achieving food security through the import of commodities, and financing the import of petroleum products.
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Maximum fund for every unit EGP 2.5m, instalments over 5 years
The launch of Roland Garros is part of the Sun Capital project in front of the pyramids of Giza as a result of the country’s climate which helps to attract foreign investment. This has made Egypt a fertile ground for the world’s most prestigious sports brand.
Company invests EGP 600m in real estate sector
Soliman said in press statement on Wednesday that the project is located on an area of about 6,700 sqm in the service area in the compound.
Company launches competition to choose name, logo for NAC
On track to open its doors to the public on September 30 this year, City Centre Almaza features 103,000 square metres of unique retail space, dining outlets and exciting lifestyle experiences to provide great moments to Cairo residents and tourists.
The statement indicates that the deal was worth EGP 42m, accordingly, it will increase MM Group’s stake in Masary to 35% from 29%.
The projects, worth €110m come as part of the €500 Single Support Framework (SSF) for EU to Egypt 2017-2020.
Companies injected $1bn in new investments in 3 years, says Danish ambassador
The purpose of the borrowing is to finance the acquisition deal over Cairo Cotton in a deal worth EGP 140m. Dice will self-fund the remaining EGP 50m.
According to the statement, the joint programme will increase transparency and sustainability in the potato supply chain.
Total assets of bank increased to EGP 97.289bn end-June, up from EGP 85.902bn in June 2018
Decision eliminates condition of organising field checking visits to companies, says statement
Elegant Group Chairperson, Mohamed Shaheen, said that the agricultural and industrial sectors are currently considered a safe mechanism for investment, with returns exceeding the fixed benefits of bank savings, especially with the state’s efforts to encourage direct investment and decrease bank interest rates during the coming period
Video circulated showing Algerian fan spitting on Seqenenre Tao mummy
Minister of Health follows up on application of comprehensive health insurance in Port Said