EBRD's approval to participate in NUCA's bond issuance reflects confidence in Egyptian economy

Wed, 22 Jul 2020 - 01:06 GMT

The contribution of the EBRD comes within the framework of the Ministry of International Cooperation’s endeavor to provide the necessary funds for development projects and diversification of funding sources,

EBRD rises its contribution in Egypt’s LE20B bond program to LE 3B

Tue, 21 Jul 2020 - 10:44 GMT

EBRD supports Egypt’s New Urban Communities Authority in its plans to diversify funding sources by tapping the debt capital market with an investment of LE 1.5 billion.

EBRD finances NBE with $200M to confront coronavirus ramifications

Mon, 22 Jun 2020 - 04:58 GMT

EBRD will provide a $100 million loan to help NBE provide short-term loans to private small and medium-sized enterprises and firms facing liquidity strains.

EBRD invests €6.5B in Egypt through 115 projects

Sun, 21 Jun 2020 - 12:48 GMT

EBRD agreed to provide $100 million in financing to the Commercial International Bank, to re-lend it to private sector projects in Egypt.

EBRD offers $100M loan to CIB-Egypt to support private sector

Sun, 21 Jun 2020 - 12:25 GMT

Funding will be allocated to small and medium-sized companies, to support them in meeting their needs amid the negative economic effects of the coronavirus pandemic.

Egypt’s parliament approves $50M-agreement loan from EBRD

Tue, 16 Jun 2020 - 02:11 GMT

The financing comes for the completion of the project of improving the performance of the oil and gas sector in Egypt.

Egypt offers NBK Egypt up to $100M loan to support SMEs

Sun, 07 Jun 2020 - 12:22 GMT

Al-Mashat noted that this loan is to address the economic impact of the coronavirus pandemic.

Egypt wins 2 EBRD awards for commitment to environment, social sustainability

Sun, 07 Jun 2020 - 11:18 GMT

Al-Mashat clarified that these awards came for its outstanding efforts in the” Sustainable Energy” and “Gender and Inclusion” categories among 11 other countries worldwide.

Egypt's growth to slow sharply in 2020 to 0.5% due to COVID-19: EBRD

Thu, 14 May 2020 - 01:06 GMT

EBRD forecasted in a report Wednesday that Egypt’s growth will rebound to 5.2 percent in 2021.

QNB AlAHLI gets $100M senior loan from EBRD to support enterprises

Mon, 11 May 2020 - 03:19 GMT

EBRD clarified that this comes within a program in response to the economic impact of the coronavirus pandemic in Egypt.

QNB Al Ahli applies for up to $100M solidarity loan from EBRD

Mon, 04 May 2020 - 03:54 GMT

The loan that is scheduled for approval on May 6 is under the EBRD’s Resilience Framework ("RF").

Egypt discusses private sector role with int’l financial institutions

Thu, 30 Apr 2020 - 01:52 GMT

The meeting was attended by officials from World Bank (WB), IFC, European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD) and African Development Bank (AfDB).

EIB ready to increase credit lines in Egypt, EBRD expands its solidarity package

Tue, 28 Apr 2020 - 01:11 GMT

International Finance Corporation (IFC) officials in Egypt confirmed their support for the government's vision on consulting with its private sector partners, and supporting private companies during the current crisis.

EBRD lauds electricity sector's accomplishments in Egypt

Thu, 27 Feb 2020 - 04:52 GMT

The delegation, during a meeting with Electricity Minister Mohamed Shaker, hoped to increase the volume of investments in Egypt and contribute to renewable energy projects.

EBRD finances Almarai’s operation in Egypt, Jordan by $100M

Wed, 19 Feb 2020 - 02:12 GMT

EBRD clarified that the loan will allow Almarai’s subsidiary in Egypt, Beyti, to fund additional dairy and juice production.

EBRD finances hospitals program in Egypt, Morocco by $125M

Tue, 18 Feb 2020 - 01:38 GMT

EBRD commented that it is supporting the development of high-quality hospitals in Egypt and Morocco.

PM affirms importance of boosting coop. with EBRD in seawater desalination projects

Thu, 13 Feb 2020 - 12:42 GMT

During a meeting with EBRD Vice President Alain Pilloux, in the presence of International Cooperation Minister Rania el Mashaat, the premier hailed the current cooperation with the bank.

EBRD becomes shareholder in Egypt’s Infinity Energy

Thu, 16 Jan 2020 - 12:16 GMT

The funds will go towards developing the company’s pipeline of renewable energy and electricity distribution projects as well as electric vehicles charging stations, EBRD posted on its website.

Sisi endorses decree approving loan deal with EBRD to buy 100 locomotives

Thu, 05 Dec 2019 - 11:27 GMT

President Abdel Fattah El Sisi issued a decree endorsing a loan agreement signed between the Egyptian government and the European Bank for Reconstruction and Development (EBRD) for the procurement of 100 new locomotives.

EBRD provides €182.9M loan to EETC

Tue, 26 Nov 2019 - 02:16 GMT

EBRD clarified that this loan aims to support the development of a more resilient and robust electricity grid across Egypt.