Social Fund for Development, National Bank of Egypt sign deal to fund micro-enterprises with EGP 100m
Social Fund for Development, National Bank of Egypt sign deal to fund micro-enterprises with EGP 100m
Cairo - Arab Today
he Social Fund for Development and the National Bank of Egypt signed an agreement to fund micro-sized enterprises nationwide at an amount of 100 million pounds through NGOs and funding companies.
The agreement is funded by the Arab Fund for Economic and Social Development (AFESD).
The project aims to establish new micro-sized enterprises and to help in developing and expanding existing ones.
The amount of lending ranges from 1,000 to 25,000 pounds and is expected to lend about 10,000 entrepreneurs.
This is the third time for the AFESD since 2013 to fund the National Bank of Egypt in order to lend the NGOs and micro-sized enterprises funding companies and link them with commercial financing.
GMT 00:37 2018 Wednesday ,24 January
Bitcoin slumps below $10,000GMT 22:49 2018 Tuesday ,23 January
Sharjah apartment rents see steep decline in 2017GMT 19:15 2018 Tuesday ,23 January
Emirati fined Dh2.2m for embezzling public fundsGMT 22:27 2018 Monday ,22 January
Jafza bridge benefits trade, logistics supply chainGMT 22:21 2018 Monday ,22 January
Damac chairman to speak on digital skillsGMT 10:55 2018 Monday ,22 January
Bahrain-Indian economic ties discussedGMT 22:42 2018 Saturday ,20 January
'Massive' infrastructure spending needed in AfricaGMT 12:49 2018 Tuesday ,16 January
Tabarak Buys Majority Stake in a Private Company
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 15:23 2018 Thursday ,30 August
School bus safety to be enhanced under new transport master plan
GMT 20:02 2014 Saturday ,20 December
'Annie' role inspires me to 'go for it'
GMT 12:01 2016 Tuesday ,13 December
Patriots maintain home field drive with Ravens winGMT 14:34 2011 Thursday ,07 July
Donald seeks Scottish win before British Golf Open
GMT 09:52 2017 Tuesday ,26 December
Royal address to nation praised by Cabinet
GMT 13:10 2018 Friday ,05 January
Bahrain press headlines
GMT 07:35 2017 Wednesday ,05 July
Morocco’s former Prime Minister revealsGMT 19:04 2011 Sunday ,11 September
At New York Fashion Week, reworked bold colour
GMT 08:32 2017 Thursday ,28 September
Learn Basic Life Support for Free at Over 70 Mosques
GMT 19:43 2017 Saturday ,15 July
King holds call with Saudi
GMT 03:23 2012 Monday ,05 March
The Syrian crisis: a massacre, not a war!GMT 04:59 2011 Friday ,25 November
New state of matter seen on cheap
GMT 06:38 2015 Thursday ,10 December
2 charged in Australia
GMT 02:12 2013 Thursday ,28 November
Ireland\'s residential property prices up 6.1% in 10 monthsGMT 10:04 2011 Sunday ,13 November
Austrian student takes on FacebookGMT 12:36 2012 Thursday ,22 November
Rich programme to celebrate \"Sbiba\" festival in Illizi
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor