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Bank’s new strategy will focus on accelerating post-COVID-19 recovery, strengthening private sector through increased share in investments
Egypt became EBRD largest market for investment for the second year in a row, with investments reaching €1.2bn in 23 projects, says Rania Al-Mashat
The loan will exclusively finance a package of energy and water efficiency investments to modernise and upgrade the APC’s refinery with processes capable of producing higher value added products.
The virtual event will also announce the election of the EBRD’s new president, after the end of Suma Chakrabarty’s term.
Country is only economy across all EBRD regions likely to escape recession in 2020
Fund to focus on small- and medium-sized enterprises in Egypt
Green Technology Selector identifies more than 26,000 green technologies that benefit from EBRD support
Loan aims to support company’s working capital requirements
Egypt’s International Cooperation Minister and ERBD unveil 2021-2025 Economic Recovery Plan to push for green, inclusive, and digitalised future
Project will add 200 MW of renewable energy to national electricity grid capacity
Bank grants finance to strengthen agribusiness value chain, trade across Eastern Mediterranean, Eastern Europe, and Black Sea regions
Banque Misr got another $100m loan that will be on-lent to local SMEs, corporates
Proceeds of proposed loan will be on-lent to local SMEs, corporates
The plant is to be located in the Gulf of Suez, approximately 40 km north-west of Ras Ghareb.
The EBRD said that the project aims to support sustainable developments in Egypt’s tourism sector, which has been particularly badly affected by the novel coronavirus (COVID-19) pandemic.
This compares to the €166m granted to Egypt EBRD in 2019, as it rapidly responded to the needs of emerging economies grappling with the impacts of the novel coronavirus (COVID-19) pandemic.
Bank has leant its support to Egypt’s largest local currency bond issuance
Facility focuses on renewable energy investments through private sector loans from local financial institutions
The rapid spread of the novel coronavirus (COVID-19) has had a significant impact on many sectors of the global economy, with tourism being among the hardest hit.
NBE committed to minimising economic, financial impact of COVID-19 on Egyptian economy and our customers in particular, says bank’s chairperson
The MoU ensures the two entities join forces to strengthen the communities in which they work and to promote sustainable civil societies in light of the coronavirus (COVID-19) pandemic.
Agreement supports Egypt’s transformation into regional energy hub, says Minister Al-Mashat
Awards were granted to Egypt in recognition of outstanding efforts in sustainable energy, gender, and inclusion
Egypt, EBRD partnership responds to liquidity needs for SMEs, corporates experiencing economic slowdown or increased capacity needs due to COVID-19, says Minister Al-Mashat
New platform to provide crisis management advice to help over 10,000 companies in 30 countries
Economy will see rebound of 5.2% in 2021, following sharp decline in previous year due to virus
EBRD ready to dedicate €21bn over 2020/2021 to combat economic impacts of coronavirus crisis
Ter Woort had served as bank’s first Director, Head of Egypt in 2013
€200m framework for tourism’s private sector to be approved within two years, says Hamza
Bank receives several inquiries on its solidarity package details, says country deputy head