Ethiopia dam talks continue as consensus still unreachable    Nigerian military airstrikes kill scores of gunmen in NW region    Venice Film Festival announces main features of 77th edition    Bollywood superstar Amitabh Bachchan tests positive for COVID-19    New initiative to replace old cars used in Egypt's public transport system: Al-Sisi    Education Secretary wants US schools open, offers no safety plan    Egypt to launch EGP 2bn insurance fund to stimulate consumption    Double by Egypt's Trezeguet revives Aston Villa's survival hopes    Turning Hagia Sophia back to mosque evokes 'grief, dismay': World Council of Churches    Egypt's Mostaqbal Watan Party to field candidates for all available Senate seats    Egypt to finish implementing 250K social housing units in 3 years: Maait    Unjustified population growth exhausts development efforts: Shaarawy    Lebanon's top Christian cleric seen to criticise Hezbollah, allies over crisis    Egypt receives international requests to restart tourism in Luxor    Egypt reports 923 new coronavirus cases, 67 deaths on Saturday    COVID-19 promotes public, private, civil society cooperation: Al-Mashat    China's Huawei requests UK's Johnson to delay 5G network removal – The Times    Poland voters cast ballots in presidential run-off    FDA authorizes marketing of Philip Morris's IQOS towards a smoke-free future    Tennis: World TeamTennis to kick off season with safety measures in place    Barcelona's Griezmann injured, likely to miss title run-in    Yemen's Houthis agree to give UN access to abandoned tanker: Sources    3 killed, 74 injured in two-day Mali protests    Abu Dhabi fund suspends debt service repayments for countries, companies    Saudi STC extends Vodafone Egypt stake purchase for second time    Brazilian match called off after 14 players test positive for COVID-19    Egypt's Sisi directs outlining comprehensive vision for developing mining industry    Islamic Development Bank working on 57 projects worth $3.8bn in Egypt    China raises flood alert to second highest level    Indian film star Amitabh Bachchan, son in stable condition: Health officials    Egypt records 125 COVID-19 fatalities among doctors    Egypt records 923 new coronavirus cases, 67 deaths    9th day of Ethiopia dam talks conclude with no deal in sight    Indian movie star Amitabh Bachchan and his son test positive for COVID-19    Earliest Pyramid Texts on view at lesser-known Saqqara pyramids    U.S.-China relationship is ‘severely damaged,' phase II trade deal not a priority: Trump    Egypt opens candidacy registration for Senate elections    Egypt rejects Ethiopian proposal to defer decision on GERD disagreements until accord is signed    Republished: Mahmoud Reda - A pioneer of folk dance    Egypt's Mohamed Salah double keeps Liverpool on track for points record    Farwell to 74-year old Egyptian military production minister El-Assar    U.S. President Trump slams Washington Redskins as team re-evaluates name    Egypt reopens 5 museums, 8 archaeological sites and operates 171 international, domestic flights    Egypt's Zamalek to continue training Thursday, but domestic league participation unclear    Federation of Egyptian Banks denies funding GERD: eletreby    Egypt to host World Handball Championship on time despite COVID-19: EHF President    Egypt's parliament Oks amendments to House law amid differences over election    CAF draws timeline for resumed continental championships amid COVID-19    

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

Saudi SMEs grant $200m to 2,176 Egyptian projects: International Cooperation Minister
Minister Al-Mashat notes the grant has contributed to sustainable development in Egypt
Published in Daily News Egypt on 04 - 06 - 2020

Saudi Arabia has, to date, provided a grant of $200m to 2,176 projects across 27 governorates in Egypt, according to Minister of International Cooperation Rania Al-Mashat.
The Saudi funding of the projects has helped create a total of 12,000 jobs in Egypt.
During a videoconference meeting held with the Saudi side, the minister pointed out that the grant has contributed to achieving sustainable development in Egypt.
She added that all future projects with the Saudi donors will be implemented as part of the Ministry of International Cooperation's new plan that relies on three core aspects. These are built on making citizens the focus of attention, work on ongoing projects, and becoming target oriented.
During the meeting, the committee managing the grant has agreed to maximise grants to Egypt in the coming period through loans backed by the National Bank of Egypt (NBE) and the Micro, Small, and Medium Enterprises Development Authority (MSMEDA).
Other financial sector companies involved with this are EFG Hermes Financial Leasing, Enmaa Financial Leasing, Plus Leasing, ValU, Global Lease, and UE Finance.

Clic here to read the story from its source.