Egypt increases credit facilities allocated to GASC to EGP16m

Cairo – Mubasher: Egypt’s Cabinet approved to double the credit facilities allocated to the General Authority for Supply Commodities (GASC) to reach EGP 16 billion.

The decision comes in the framework of the government efforts to secure the essential supply commodities at proper quantitates with reasonable prices.

The Egyptian market suffered recently from remarkable shortage in supply commodities following the decision made by the Central Bank of Egypt to float the Egyptian pound against the US dollar.

Mubasher Contribution Time: 04-Jan-2017 16:21 (GMT)
Mubasher Last Update Time: 04-Jan-2017 16:21 (GMT)