Arab Finance: The Egyptian Assay and Weights Authority (AWA) has opened the door for small- and medium-sized workshop owners working in the fields of gold and silver manufacturing to submit a request for an EGP 1 million loan, according to a statement by Ministry of Supply and Internal Trade.
The loan is subject to increase, with a declining interest rate of 5%.
This decision comes in accordance with the cooperation protocol signed between the supply ministry and the Agricultural Bank of Egypt (ABE) on December 17th.
The protocol is effective starting from December 18th until January 18, 2024.
Accordingly, a conference will be held on December 20th at the headquarters of AWAs in Obour City, to present the advantages of the loan and receive requests for obtaining the loan, in addition to answering any questions regarding this matter.