The Arab Gulf Program for United Nations Development Organizations (AGFUND) has recently signed with Egyptian Investment General Authority a protocol for development of small projects in Egypt. In a statement following the signing ceremony in Cairo last week, AGFUND's Executive Director Nasser Al-Qahtani stressed the importance of the projects led by the Program in the Arab region through the initiative of Prince Talal bin Abdulaziz, the President of AGFUND to combat poverty and to establish Banks for the Poor.