Parliament approves 2 agreements for Alexandria Metro, rehabilitation of hydroelectric stations

Tue, 24 May 2022 - 05:11 GMT

The House of Representatives approved the decision of the President of the Arab Republic of Egypt No. 122 of 2022 regarding the approval of a loan agreement (Alexandria Metro) between Egypt and the EBRD in the amount of €250 million, signed in Cairo on Dec. 27, 2021, according to a statement.

EBRD consortium acquires non-banking financial services company in Egypt

Wed, 11 May 2022 - 04:54 GMT

GlobalCorp for Financial Services is specialized in non-banking financial services in Egypt.

Egypt’s continual reforms to stimulate, modernize environment for private sector investment: Al-Mashat

Wed, 11 May 2022 - 02:46 GMT

The session was moderated by Heike Harmgart, Regional Director for the Southern and Eastern Mediterranean at the European Bank for Reconstruction and Development.

EBRD’s Chief Economist: Egypt enjoys good location for renewable energy production

Wed, 13 Apr 2022 - 02:06 GMT

She expected hydrocarbon energy purchases from Egypt to rise in the future.

Egypt, EBRD discuss building gender-inclusive, digital and green ecosystems

Fri, 11 Mar 2022 - 12:04 GMT

The Minister highlighted in the meeting that Egypt pursues a win-win approach in all partnerships, as it aims to achieve complementarities and to share Egypt’s experience in development financing to other countries through South-South and triangular cooperation.

Egypt's economy showed resilience over past 2 years - EBRD official

Thu, 10 Mar 2022 - 03:14 GMT

Egypt's economy showed resilience in the face of the pandemic, as it has done better than other countries, he further said.

Egypt, EBRD emphasize gender-responsive climate action on Int'l Women’s Day

Wed, 09 Mar 2022 - 05:09 GMT

The Minister noted that women and girls are recognized as effective change-makers for climate adaptation and mitigation.

EBRD to extend €250M loan to finance 1st high-capacity metro line in Alexandria

Mon, 07 Mar 2022 - 04:35 GMT

The EBRD elaborated in a statement that the upgrade of the infrastructure and electrification of an existing rail line will make it the first high-capacity metro line in Alexandria.

EBRD, Egypt sign MoU for low-carbon hydrogen strategy

Mon, 07 Mar 2022 - 04:15 GMT

The EBRD clarified in a statement that it is helping Egypt to achieve its renewable energy potential and to transition to a greener economy through this strategy.

EBRD supports establishment of Sector Skills Council to benefit tourism, hospitality in Egypt

Mon, 07 Mar 2022 - 03:37 GMT

EBRD elaborated that this new public-private partnership and policy dialogue platform will develop skills-gap analysis, skills development strategies, qualification frameworks and occupational skills standard.

EBRD supports digital transformation of Suez Canal Economic Zone

Mon, 07 Mar 2022 - 02:01 GMT

SCZONE elaborated that this phase is based on the establishment of an integrated digital and interactive service, enabling it to fully manage the services provided, and integrate new services into a digital platform in accordance with the framework organizational body.

Egypt launches new country strategy with EBRD for 2022/2027

Sun, 06 Mar 2022 - 02:37 GMT

𝘛𝘩𝘦 𝘯𝘦𝘸 𝘤𝘰𝘶𝘯𝘵𝘳𝘺 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺 𝘤𝘰𝘮𝘦𝘴 𝘢𝘵 𝘢 𝘱𝘪𝘷𝘰𝘵𝘢𝘭 𝘵𝘪𝘮𝘦 𝘵𝘩𝘢𝘵 𝘦𝘤𝘩𝘰𝘦𝘴 𝘨𝘭𝘰𝘣𝘢𝘭 𝘴𝘦𝘯𝘵𝘪𝘮𝘦𝘯𝘵 𝘵𝘰 𝘥𝘳𝘪𝘷𝘦 𝘵𝘩𝘦 𝘨𝘳𝘦𝘦𝘯 𝘧𝘪𝘯𝘢𝘯𝘤𝘦 𝘢𝘨𝘦𝘯𝘥𝘢 𝘧𝘰𝘳𝘸𝘢𝘳𝘥 𝘢𝘯𝘥 𝘢𝘥𝘥𝘳𝘦𝘴𝘴 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘤𝘩𝘢𝘯𝘨𝘦, 𝘦𝘲𝘶𝘪𝘵𝘺, 𝘢𝘯𝘥 𝘨𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦, according to Minister Rania Al-Mashat.

Agreement signed for EBRD to contribute in funding Egypt's Abou Kir electric metro

Sun, 06 Mar 2022 - 01:40 GMT

Three other international partners are also taking part in the project.

FM: Egypt, EBRD cooperation strategy coincides with sustainable development goals

Sat, 05 Mar 2022 - 09:04 GMT

Foreign Minister Sameh Shoukry asserted on Saturday that endorsing the new strategy for cooperation between Egypt and the European Bank for Reconstruction and Development (EBRD) coincides with Egypt's efforts to attain sustainable development in a way that achieve the Egyptian nation's aspirations at political, economic and cultural levels.

EBRD Vice President visits Egypt to discuss COP27, country strategy

Wed, 02 Mar 2022 - 02:49 GMT

He will visit the Suez Canal Economic Zone and meet its Chairman, Yehia Zaki. While there, he will also meet the Governor of Alexandria, Mohamed Taher El Sherif, the business community and EBRD clients, according to the bank.

EBRD contributed 4.9B euro to financing packages in Egypt in 5 years- ministry

Sun, 20 Feb 2022 - 01:04 GMT

This falls within the framework of joint efforts to support transition to green economy and sustainable growth, it added in a statement.

EBRD approves joint country strategy with Egypt 2022/2027

Thu, 10 Feb 2022 - 03:47 GMT

Al-Mashat stated that the new Country Strategy comes in support of the strategic relations between Egypt and the EBRD, and is an outcome of the extensive series of consultations and meetings over the past year, with the participation of all national entities, the private sector, and the civil society, to take into consideration all the national priorities and the goals of the upcoming period, with regards to “Egypt Action” Program plan, and the presidential initiatives, such as the “Decent Life” presidential initiative.

EBRD expects Egypt's growth to reach 4.9% in 2021/22

Thu, 04 Nov 2021 - 02:46 GMT

The bank stated that growth in Egypt slowed from 3.6 percent to 3.3 percent in the fiscal year ending June 2021.

EBRD provides Egypt's Reefy with LE80M loan to support women entrepreneurs

Wed, 20 Oct 2021 - 02:55 GMT

EBRD noted that the loan will be provided under the EBRD’s Women in Business program. It will be used to support privately owned micro, small and medium-sized enterprises (MSMEs) that are owned by women, especially in governorates other than Greater Cairo and Alexandria.

Mashat: Partnerships with EBRD resulted in propelling involvement of private sector in development

Mon, 18 Oct 2021 - 02:22 GMT

The meeting also addressed current projects underway as part of the cooperation portfolio between the two sides and Egypt's efforts to carry out the green transformation.