African trade ministers meet in Cairo to push forward with AfCFTA    Scatec's $3.6bn renewables portfolio part of Egypt's NWFE energy pillar    Egypt's stocks end lower on Sept 16    Egypt launches international architecture academy with UNESCO, European partners    Egypt's President, Pakistan's PM condemn Israeli attack on Qatar    Egypt's PM, Russian deputy PM discuss industrial zone, Dabaa nuclear plant    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Sisi tells global leaders at Macron's video conference: Israel crossed all red lines    Egypt to begin second phase of universal health insurance in Minya    Madrid trade talks focus on TikTok as US and China seek agreement    Power of Proximity: How Egyptian University Students Fall in Love with Their Schools Via Social Media Influencers    Egypt wins Aga Khan Award for Architecture for Esna revival project    Egypt's Foreign Minister, Pakistani counterpart meet in Doha    Egypt condemns terrorist attack in northwest Pakistan    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Finance Ministry offers new financial contributions of 4.9 bln pounds in Egypt
Amwal Al Ghad Published in Amwal Al Ghad on 29 - 11 - 2017

The Ministry of Finance has allocated urgent financial contributions with a total value of 4.9 billion Egyptian pounds ($276 million).
The allocated sum is for the Health Ministry, the General Authority for Supply Commodities (GASC), the Egyptian National Railways, the National Authority for Media and the National Agency for Journalism.
The contributions include 3.4 billion pounds for GASC as ration cards subsidies in addition to issuing bank guarantees at $78 million for importing 350,000 tons of wheat.
The urgent funds also contain allocations for the General Authority for Health Insurance worth 60 million pounds, which will be used to support to female heads of household, students, and children under school age.
It also includes 220 million pounds for the National Authority for Media and 175 million pounds for National Agency for Journalism both so the agencies can pay salaries.
Another 98.5 million pounds was allocated for the Holding Company for Cotton Spinning and Weaving also for the purpose of paying salaries, in addition to providing 123.7 million pounds for the National Railways Authority.

17.5 million pounds more was offered as a support for school and university student's Metro tickets. 350 million pounds is included for the Health Ministry to be able to save the basic needs such as dairy and the import of pharmaceutical drugs. As well as allocating 100 million pounds for the Egyptian Grand Museum.
Part of the grants went to three companies affiliated to the Holding Company for Irrigation and Drainage for October 2017 use, in addition to allocating 62.5 million pounds as subsidy for the Holding Company for Drinking Water and Wastewater.

Clic here to read the story from its source.