عربــى

Market is closed

EGX 30 10,621.14 1.89%



Egypt to disburse export subsidies to small companies

Egypt to disburse export subsidies to small companies

ArabFinance:  Egypt's cabinet approved the disbursement of export subsidies to small companies whose total dues are EGP 5 million or less without the tax certificate, according to a statement.

The Economic Ministerial Committee held its meeting on April 5th headed by Prime Minister Mostafa Madbouly in the presence of the Governor of the Central Bank Tarek Amer and other ministers to discuss government efforts to confront the impact of spreading of coronavirus (COVID-19) on the economy. 

On the side of the meeting, the Planning Minister Hala Elsaeed said the international institutions lower their projection for world economic growth amid the spreading of COVID-19.

The world economy has been expecting to enter a recession, where there will be a loss of 2% points Year on Year (YoY) in the rate GDP, Elsaeed said.

#Related keywords

All rights reserved to Arab Finance 2015 ©

Back to top