Egypt ministry and United Bank sign protocol for "Mashrooak" SME financing

Egypt's Ministry of Local Development and the United Bank signed a cooperation protocol admitting the bank to the "Mashrooak" project to finance small and medium enterprises nationwide.

• The ministry and the United Bank signed a protocol enabling citizens to seek financing for new or expanded projects in all governorates.
• Abdel-Khaleq signed for the ministry and Fayed for the bank; credit decisions will be issued within seven working days.
• Minister Manal Awad said the bank's joining expands citizens' access to financing and supports job-creating productive projects.
• Fayed said the bank is committed to backing micro, small, and medium enterprises as engines of economic growth.