Egypt's strategic collaboration with AIIB drives sustainable infrastructure development

Thu, 28 Sep 2023 - 12:58 GMT

One of the key highlights of AIIB's collaboration has been the facilitation of $360 million in concessional financing to support 11 private sector companies.

Sisi calls on AIIB to offer more low-cost financing to accommodate emerging economies

Tue, 26 Sep 2023 - 07:25 GMT

President Abdel Fattah el-Sisi called on the Asian Infrastructure Bank (AIIB) to play a greater role in low-cost financing to support economies amid global challenges.

AIIB's Global Impact: Sharm El Sheikh Welcomes International Leaders for Historic Assembly

Mon, 25 Sep 2023 - 07:10 GMT

The event in Sharm El Sheikh showcased the commitment of global leaders to collectively address global development challenges.

Egyptian Leadership Shines: AIIB's Inaugural African Meeting Signals Economic Momentum

Mon, 25 Sep 2023 - 07:08 GMT

The selection of Sharm El Sheikh as the venue for the AIIB's annual meetings underscores Egypt's growing prominence on the global economic stage.

Egypt Makes History: Hosts Eighth Annual Meeting of Asian Infrastructure Investment Bank

Mon, 25 Sep 2023 - 07:04 GMT

Egypt's hosting of this globally significant event sends a resounding message to the world.

Egypt Makes History: Hosts Eighth Annual Meeting of Asian Infrastructure Investment Bank

Mon, 25 Sep 2023 - 07:03 GMT

Egypt's hosting of this globally significant event sends a resounding message to the world.

Egypt seeks to deepen relations with AIIB by more public-private partnerships: Min.

Mon, 25 Sep 2023 - 11:27 GMT

During the meetings, Egyptian Minister of Finance Mohamed Maait said that Egypt's hosting of the conference "reflects the country's role regionally and internationally."

AIIB annual meetings kick off in Sharm el-Sheikh Monday

Mon, 25 Sep 2023 - 11:09 GMT

The 8th annual AIIB meetings kicked off in Sharm el-Sheikh city Monday under the auspices of Egypt’s President Abdel Fattah El Sisi.

Egypt, AIIB forge path to sustainable development with $1.3B investment portfolio

Sun, 24 Sep 2023 - 04:34 GMT

Maait explained that Egypt is working closely with the AIIB, a multilateral global bank, to establish cross-border developmental partnerships, primarily led by the private sector.

AIIB annual meetings in Sharm El Sheikh will promote dev. investment opportunities, Maait

Sun, 24 Sep 2023 - 12:00 GMT

The AIIB’s annual meetings will also act as an international forum for shedding light on Egypt’s role in connecting the continents of Africa, Asia, and Europe together, an official statement by the ministry wrote

Representing Africa at AIIB, Egypt aims to strengthen Africa-Asia ties, Maait

Wed, 23 Aug 2023 - 02:38 GMT

As a founding member of the AIIB, Egypt aims to fortify connections between Africa and Asia and realize its sustainable development goals with the overall goal of improving the livelihoods of African citizens, Maait stated

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.