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Business
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Economy
11/29/2023 2:44:10 PM
The European Bank for Reconstruction and Development (EBRD) is seeking the acquisition of minority stakes in state-owned financial institutions earmarked for privatization in Egypt, Heike Harmgart, head of EBRD's south- and east-Mediterranean operations, said on Tuesday.
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Business
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Markets & Companies
11/19/2023 3:59:59 PM
The Egypt-listed Commercial International Bank (CIB) has secured a $150 million loan from the European Bank for Reconstruction and Development (EBRD) to cushion against economic risks, according to a bourse statement on Sunday.
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Business
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Economy
10/23/2023 10:00:49 PM
The European Bank for Reconstruction and Development (EBRD) has mobilized $2 billion to finance development projects in Egypt during 2023, said Heike Harmgart, Regional Director for the Southern and Eastern Mediterranean Region at the bank on Monday.
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Business
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Economy
10/15/2023 4:18:45 PM
The European Bank for Reconstruction and Development (EBRD) is to grant a €165 million loan to Egypt to finance the upgrade of the electricity transmission grid, a venture that is also aimed at reducing pollutant emissions.
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Business
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Economy
8/20/2023 4:13:48 PM
The European Bank for Reconstruction and Development (EBRD) is set to approve a $125 million loan to build a second container terminal for Egypt's Damietta Port on 4 October, according to the bank's website.
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Business
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Economy
8/3/2023 6:27:10 PM
The European Bank for Reconstruction and Development (EBRD) has invested €27 million in securitized bonds issued in Egypt to support municipal infrastructure projects.
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Business
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Economy
7/12/2023 4:01:15 PM
The Ministry of International Cooperation announced on Wednesday, that the European Bank for Reconstruction and Development (EBRD) provided $532.5 million in soft development financing to two Egyptian state-owned banks and an equity fund.
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Business
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Economy
5/17/2023 4:07:22 PM
The European Bank for Reconstruction and Development (EBRD), the EU and emerging-market asset manager ILX Management announced Wednesday a new partnership aiming to enhance private-sector finance in the EBRD’s regions, including the southern and eastern Mediterranean where Egypt is located.
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Business
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Economy
5/16/2023 11:43:23 AM
For the second time since February, the European Bank for Reconstruction and Development (EBRD) has downgraded its forecast for Egypt’s real GDP growth to 4.2 percent, a 0.1 percent decrease from its outlook in February and increased its forecast by 0.2 percent in 2024.
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Business
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Economy
4/27/2023 5:27:59 PM
The European Bank for Reconstruction and Development (EBRD) has set 31 May as the approval date for a $100 million loan program to Banque Misr, under the Financial Intermediaries Framework ("FIF"), to finance micro, small, and medium enterprises (MSMEs).
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Business
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Economy
3/29/2023 5:06:52 PM
Egypt secured a total of $2.6 billion in development financing from its multilateral and bilateral development partners for the private sector in 2022, according to the 2022 Annual Report “International Partnerships for Sustainable Development: From Pledges to Implementation” the Ministry of International Cooperation released on Wednesday.
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Business
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Economy
3/1/2023 5:00:22 PM
The European Bank of Reconstruction and Development (EBRD) is projected to invest over $1.4 billion in Egypt, the highest investment the bank has ever made in the country, the EBRD’s Vice President for Banking Alain Pilloux told Ahram Online.
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Business
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Tech
2/23/2023 2:19:00 PM
Egypt launched on Thursday the second phase of the technical support programme for the digitalisation of the Suez Canal Economic Zone (SCZone) in collaboration with the European Bank for Reconstruction and Development (EBRD).
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Business
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Economy
2/16/2023 10:48:02 AM
The European Bank for Reconstruction and Development (EBRD) has downgraded its forecasts for Egypt’s output growth in 2023 to 4.3 percent, down from five percent it projected in May, before bouncing back to five percent in 2024, according to the bank’s update on the Regional Economic Prospects Report the bank issued on Thursday.
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Business
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Energy
11/26/2022 10:02:06 PM
Egypt is expected to launch its national low-carbon hydrogen strategy prepared in cooperation with the European Bank for Reconstruction and Development by the end of the year, Minister of Electricity Mohamed Shaker said on Saturday.
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COP27
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Climate change
11/13/2022 3:11:48 PM
The European Bank for Reconstruction and Development (EBRD) will support six Egyptian projects selected as winners in the country’s National Initiative for Smart Green Projects (SGG).
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Business
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Energy
11/8/2022 3:04:00 PM
The European Bank for Reconstruction and Development (EBRD) released $5.5 million as a new tranche financing to TAQA PV for Solar Energy, TAQA Arabia’s renewable energy subsidiary, under its existing facility for green private-to-private projects, the EBRD announced on the sidelines ofthe COP27 in Sharm El-Sheikh on Tuesday.
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Business
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Economy
9/29/2022 5:19:26 PM
Heike Harmgart, the managing director of the southern and eastern Mediterranean (SEMED) at the European Bank for Reconstruction and Development (EBRD), said that Egypt is the largest recipient of EBRD’s investment in the region since day one.
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Business
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Economy
9/7/2022 10:31:48 PM
The European Bank for Reconstruction and Development (EBRD) is keen on enhancing cooperation with Egypt, especially regarding funding projects for green transition, Odile Renaud-Basso, president of the UK-based international financial institution, said on Wednesday.
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Business
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Energy
8/3/2022 1:45:05 PM
Minister of International Cooperation Rania Al-Mashat discussed with Heike Harmgart, the Managing Director for the Southern and Eastern Mediterranean (SEMED) region at the European Bank for Reconstruction and Development (EBRD), boosting bilateral cooperation at the UN Climate Change Conference 2022 (COP27).
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