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Egyptian Cabinet disburses EGP 600m to support exports, pay arrears

Egyptian Cabinet disburses EGP 600m to support exports, pay arrears
Another EGP 100 million were disbursed

Cairo – Mubasher: Egyptian Cabinet has approved the allocation of EGP 100 million to Export Development Authority (EDA) under the programme for supporting exhibitions.

The Cabinet also approved the payment of EGP 500 million arrears to companies with expansion plans, according to a statement released on Thursday.

Moreover, the government approved methods proposed for the settlement of Export Development Fund’s dues to exports.

Another EGP 100 million were disbursed on the occasion of the beginning of the agricultural exports season.