AIIB's investment portfolio in Egypt exceeds $1B

Thu, 14 Apr 2022 - 12:33 GMT

Maait elaborated Thursday that Egypt is one of the founding countries of the bank, and the largest shareholder from the African continent.

Mashat: World Bank, AIIB funds to Egypt hit $720M

Mon, 06 Dec 2021 - 07:45 GMT

These remarks were made by Mashat during her participation on the second day of the 7th round of Banks' Chief Executive Officers (CEOs) under the title of "How the Egyptian Economy Survived the Trap of International Recession".

AIIB approves $360M in development financing for Egypt to support inclusive growth

Tue, 23 Nov 2021 - 07:27 GMT

The World Bank and the Asian Infrastructure Investment Bank have agreed to provide in total $720 million for the Development Policy Financing (DPF) framework, with $360 million from each institution.

Egypt discusses 2nd phase of structural reforms with World Bank, AIIB

Tue, 20 Apr 2021 - 02:31 GMT

The World Bank: “We are keen on continuous dialogue with our partners, and the reforms established have helped the Egyptian economy persist despite challenges.”

Egypt’s strategy to reinvigorate green growth was pushed forward through public-private dialogue: Al-Mashat

Mon, 16 Nov 2020 - 04:53 GMT

This twin-track approach integrates green growth in Egypt’s national development plans through national and international-level actions, Al-Mashat added.

Egypt's portfolio with AIIB hits $660M: Bank's Chief Economist Erik Berglöf

Tue, 10 Nov 2020 - 12:28 GMT

Berglöf clarified Tuesday that his bank support the diversification of energy mix towards renewables in Egypt which lead to 11 projects in Benban solar Part and rural sanitation project.

Egypt’s Int’l Min. participates in Virtual Egypt Week, reviews Egypt’s key principles of economic diplomacy

Tue, 10 Nov 2020 - 10:27 GMT

The minister referred to Egypt’s growth rate despite the recession caused by COVID-19 pandemic, referring to the expectations for Egypt to hit 5 percent growth rate during 2021.

Sisi approves deal with AIIB to finance sanitation projects in Egypt

Thu, 08 Aug 2019 - 11:16 GMT

The agreement was signed in the Red Sea resort city of Sharm el Sheikh on December 9, 2018. It was approved by the House of Representatives on April 14, 2019.

AIIB seeks to establish more investment projects in Egypt

Fri, 26 Jul 2019 - 10:33 GMT

The Asian Infrastructure Investment Bank (AIIB) is currently seeking to establish more investment projects in Egypt.

AIIB delegation tours Egypt’s NAC, reviews cooperation chances

Thu, 13 Dec 2018 - 09:59 GMT

AIIB’s president praised the establishment of the Administrative Capital by self-financing through the sale of lands to investors.

Egypt reviews cooperation with AIIB in 5 sectors

Sun, 09 Dec 2018 - 11:48 GMT

The bank is financing a number of solar projects worth $210 million in the Benban area of Aswan Governorate.

AIIB lauds SCZone projects

Wed, 21 Nov 2018 - 02:06 GMT

During a tour of project sites in Ismailia and Port Said, the delegates said that the bank plans to pump more investments in infrastructure projects in Egypt.

AIIB, IFC participates in $210M loan to Egypt’s renewables

Tue, 05 Sep 2017 - 09:27 GMT

The loan will allow Egypt to increase power generation capacity and reduce reliance on gas and fuel, to help meet its commitment under the Paris Climate Agreement.

AIIB gets top rating by Fitch

Fri, 14 Jul 2017 - 05:00 GMT

The bank enjoys "an excellent level of liquidity" and should benefit from easy access to capital markets, Fitch said.

AIIB considers funding energy projects in Egypt: Minister

Wed, 21 Jun 2017 - 02:27 GMT

The Asian Infrastructure Investment Bank (AIIB) will study funding for new and renewable energy projects in Egypt,

Finance minister to participate in AIIB’s annual meeting Friday

Fri, 16 Jun 2017 - 11:57 GMT

Minister of Finance Amr El-Garhy will participate Friday in the annual meeting of the Asian Infrastructure Investment Bank (AIIB).

Finance minister to meet with AIIB vice president Monday

Mon, 22 May 2017 - 10:11 GMT

Minister of Finance Amr el-Garhy will meet on Monday with Vice President of the Asian Infrastructure Investment Bank (AIIB) Joachim von Amsberg.

Nasr urges AIIB vice president to fund sanitation projects

Mon, 24 Apr 2017 - 01:07 GMT

The Asian Infrastructure Investment Bank (AIIB) will provide a $10-15 billion fund per year within the coming five to six years for various infrastructure projects in its countries of operations, including Egypt, the bank’s Vice President D.J. Pandian sai