Day: October 12, 2024

Minister of Social Solidarity Maya Morsy received the new Resident Representative of the United Nations Population Fund (UNFPA) Yves Sassenrath, during his first visit to the ministry after assuming his new role. The meeting focused on strengthening cooperation between the Ministry and UNFPA while exploring opportunities to expand plans and…

The Korea International Cooperation Agency (KOICA), South Korea’s official development assistance agency, has signed a Record of Discussion (ROD) with the Productivity and Vocational Training Department (PVTD) and the Ministry of Planning, Economic Development, and International Cooperation to implement the project titled “Upgrading Green Automotive Maintenance Technology for Vocational Training…

Suez Canal Bank has formed a new committee to develop its services and products that are compatible with the principles of Islamic Sharia. The Fatwa Committee comprises Abbas Shoman, former Undersecretary of Al-Azhar and Head of the Senior Scholars Authority and Member of the Islamic Research Complex at Al-Azhar Al-Sharif,…

Mona Zulficar, Chairperson of the Egyptian Federation for Financing Medium, Small, and Micro Projects, said that microfinance grew by about 19% during the year, exceeding EGP 93bn with 4.5 million clients in June 2024, compared to EGP 78.3bn to serve 4.6 million clients in June 2023. She added that microfinance…

Banks and finance companies participating in the mortgage finance initiative for low-income people pumped financing worth EGP 75.62bn to more than 594,380 customers until September 2024. A Mortgage Finance Fund report revealed that the 22 banks participating in the initiative pumped about EGP 73.11bn into it, benefiting about 574,588 customers, equivalent…

The Egyptian Petroleum Sector, represented by the Egyptian Natural Gas Distribution Company for Cities (Town Gas), has signed contracts to implement local manufacturing projects for natural gas pressure reduction stations inside Egypt, as well as to deliver natural gas to homes and other facilities inside Romania. This comes after Town…