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Business
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Economy
11/20/2024 12:56:30 PM
The European Bank for Reconstruction and Development (EBRD) has extended a 50-million-euro loan to the Commercial International Bank (CIB), a publicly listed Egyptian bank, to promote the growth of small- and medium-sized enterprises (SMEs) in Egypt, according to a statement published on the EBRD website on Tuesday.
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Business
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Economy
11/1/2024 1:01:46 PM
International financial institutions (IFIs), including the World Bank, International Monetary Fund (IMF), and European Bank for Reconstruction and Development (EBRD), have released their GDP projections for Egypt for FY2024/2025 and FY2025/2026.
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Business
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Economy
10/2/2024 7:32:47 PM
The European Bank for Reconstruction and Development (EBRD) inked on Wednesday a partnership agreement with Transfora, a business process automation company and a subsidiary of the Kuwaiti firm Agility, to develop a comprehensive digital platform for the Suez Canal Economic Zone (SCZone).
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World
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Region
9/26/2024 10:02:20 AM
The European Bank for Reconstruction and Development said Thursday that it expected Lebanon's economy to decline further in 2024 because of geopolitical turmoil.
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Business
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Economy
9/9/2024 7:54:52 PM
SPE Capital, the European Bank for Reconstruction and Development (EBRD), Tanmiya Capital Ventures (TCV), and the British International Investment (BII) have acquired Tamweely, a leading Egyptian microfinance player, from Ayady for Investment and Development, NI Capital, and Post for Investment in a deal exceeding EGP 2.5 billion.
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Business
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Markets & Companies
8/6/2024 11:48:12 AM
The European Bank for Reconstruction and Development (EBRD) has lent $20 million to Crédit Agricole Egypt to boost small businesses and green investments in Egypt, according to a statement by EBRD on Monday.
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Business
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Economy
7/3/2024 1:50:29 PM
The Central Bank of Egypt (CBE) signed on Tuesday the Women Entrepreneurs Finance Code initiative (We-Fi) agreement with the European Bank for Reconstruction and Development (EBRD) to finance women entrepreneurs, the CBE said in a statement.
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Business
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Economy
6/27/2024 2:20:44 PM
Heike Harmgart, managing director for the Southern and Eastern Mediterranean (SEMED) region at the European Bank for Reconstruction and Development (EBRD), talked to Ahram Online about the expected outcomes of the upcoming Egypt-EU Investment Conference 2024 and the EBRD plans for the Egyptian market.
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Business
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Economy
5/21/2024 8:28:52 PM
In a move to support the growth of micro, small, and medium-sized enterprises (MSMEs) in Egypt, the European Bank for Reconstruction and Development (EBRD) extended an initial $119.5 million (€109 million) A/B loan to the National Bank of Egypt (NBE).
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Business
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Energy
4/4/2024 2:28:18 PM
The European Bank for Reconstruction and Development (EBRD), in collaboration with Meridiam and Hassan Allam Utilities (HAU), the investment and development arm of Hassan Allam Holding, announced on Thursday raising capital in the new platform HAU Energy BV established to invest in renewable energy projects in Egypt and potentially in other African countries.
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Egypt
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Urban & Transport
3/11/2024 7:01:51 PM
The Arab Organization for Industrialization (AOI) has won a 38.8 million euro contract in an international tender held by the European Bank for Reconstruction and Development (EBRD) to establish four waste recycling plants for the Kitchener Drain, one of Egypt's most contaminated drains, in the Delta region.
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Business
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Economy
1/31/2024 3:28:49 PM
As Egypt is facing a tough economic situation, various global economic institutions have given different projections for Egypt's real GDP growth in 2024.
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Business
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Economy
1/25/2024 7:21:58 PM
Egypt dominated the European Bank for Reconstruction and Development’s (EBRD) investments in the Southern and Eastern Mediterranean last year as the lender committed €1.29 billion to 16 projects.
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Business
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Economy
1/23/2024 10:52:58 AM
The European Bank for Reconstruction and Development (EBRD) has selected its first Civil Society Organization (CSO) Steering Committee comprising international non-governmental organizations (INGOs) and CSOs from across the EBRD’s regions, according to a statement on Monday.
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Business
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Economy
12/21/2023 4:04:45 PM
The Damietta Port Authority (DPA) and Damietta Alliance Container Terminals signed agreements with an international consortium led by HSBC Egypt and the International Finance Corporation (IFC) to facilitate providing $455 million to finance constructing the superstructure of the Second Container Terminal Tahya Misr 1 in Damietta Port.
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Business
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Economy
12/20/2023 2:24:51 PM
The European Bank for Reconstruction and Development (EBRD) announced providing a $100 million loan to the National Bank of Egypt (NBE) to finance Egyptian private micro, small, and medium enterprises (MSMEs), according to the EBRD’s website.
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Business
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Economy
12/13/2023 1:13:17 PM
The European Bank for Reconstruction and Development (EBRD) is considering providing two loans totaling $35 million to the Egypt-based Arab Investment Bank (aiBank), according to statements by the EBRD on Tuesday.
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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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