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Business
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Economy
11/26/2024 2:41:49 PM
The International Finance Corporation (IFC), a member of the World Bank Group, announced Monday plans to invest $605 million to support climate finance, sustainable tourism, and financial inclusion for micro, small, and medium enterprises (MSMEs) in Egypt.
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Business
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Economy
11/25/2024 5:23:32 PM
Arab African International Bank (AAIB) issued Sunday a landmark $500 million sustainability bond to accelerate Egypt’s green transition and provide crucial financing to micro, small, and medium enterprises (MSMEs), the World Bank’s financial arm International Finance Corporation (IFC) announced.
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Business
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Economy
11/25/2024 11:18:16 AM
The International Finance Corporation (IFC) announced in a statement on Sunday a $150 million financing package for Egypt's private sector bank, Commercial International Bank (CIB), to strengthen its capital base and enhance support for micro, small, and medium-sized enterprises (MSMEs) across the country, including women-owned businesses.
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Business
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Economy
11/24/2024 2:12:12 PM
Sérgio Pimenta, vice president of the International Finance Corporation (IFC) for Africa, arrived Sunday in Egypt on a visit to highlight the corporation’s commitment to supporting the country’s economic development by strengthening the private sector's participation in the economy.
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Business
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Economy
10/30/2024 4:51:45 PM
The International Finance Corporation (IFC), the World Bank Group's financial arm, invested $14.2 billion in 45 African countries in FY2024, according to an announcement issued by IFC on Wednesday.
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Business
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Economy
10/22/2024 12:59:19 PM
The House of Representatives has approved Egypt's contribution to the capital increase of the International Finance Corporation (IFC) through a stake of 28,940 shares, amounting to $28.9 million.
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Business
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Markets & Companies
7/16/2024 7:05:02 PM
Iraqi authorities called on international private sector companies to bid for the expansion and operation of Baghdad's international airport after years of neglect in the conflict-scarred country.
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Business
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Economy
5/12/2024 3:15:53 PM
Banque du Caire and the International Finance Corporation (IFC), a member of the World Bank Group, signed on Sunday a financing agreement worth $100 million.
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Business
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Economy
4/28/2024 5:01:05 PM
The Sustainable Banking and Finance Network (SBFN) - an initiative of the International Finance Corporation (IFC) - has upgraded Egypt's classification from "Developing-Advancing" to "Advancing" in its performance assessment matrix, the Central Bank of Egypt (CBE) announced on Sunday.
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Business
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Economy
1/14/2024 12:04:53 PM
Minister of International Cooperation Rania Al-Mashat held a meeting with President of the World Bank Group (WBG) Ajay Banga to discuss future cooperation and the bank's role in enhancing Egypt’s private sector involvement in the economy, according to a cabinet statement on Saturday.
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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
12/14/2023 3:14:17 PM
The International Finance Corporation (IFC), one of the financial arms of the World Bank Group, was appointed in June as a strategic advisor for the Egyptian government’s Initial Public Offering (IPO) to provide advisory services for Egypt's privatisation programme.
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Business
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Economy
12/5/2023 3:02:38 PM
The International Financial Corporation (IFC), the financial arm of the World Bank, partnered with Al Baraka Bank Egypt to offer $50 million in finance for Egyptian micro, small and medium-sized enterprises (MSMEs) including women-owned businesses, according to a statement on Tuesday.
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Business
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Markets & Companies
10/16/2023 3:38:53 PM
Egypt’s state-owned Banque Misr has secured a $234 million loan from the International Financial Corporation (IFC), the financial arm of the World Bank, to offer financing to privately-owned micro, small, and medium-sized enterprises (MSMEs) in the country.
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Business
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Energy
9/25/2023 5:03:52 PM
The International Finance Corporation (IFC) has approved a $25 million loan to Kandil Steel company to support sustainable flat steel processing in Egypt and fund green projects, read an IFC statement on Monday.
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Business
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Economy
8/20/2023 9:31:10 PM
The Egyptian Cabinet has approved permitting the International Financial Corporation (IFC), the financial arm of the World Bank, to issue Egyptian pound bonds in international markets.
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Business
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Economy
7/9/2023 5:42:53 PM
Commercial International Bank (CIB) has announced receiving $250 million in long-term loans from the International Finance Corporation (IFC) to support its capital and fund green projects, according to a bourse statement on Sunday.
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Al-Ahram Weekly
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Egypt
7/2/2023 11:14:00 AM
There are things the government needs to bear in mind as it intensifies efforts to sell stakes in state-owned companies.
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Business
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Economy
6/19/2023 8:19:01 PM
The Egyptian government signed on Sunday an agreement with the International Financial Corporation (IFC), the financial arm of the World Bank, to provide advisory services for its initial public offerings (IPOs) programme for state-owned companies.
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Business
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Economy
6/18/2023 4:04:00 PM
Egypt has signed an agreement with the International Financial Corporation (IFC), the financial arm of the World Bank, to provide advisory services for Egypt's privatization programme.
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