European Investment Bank

European Investment Bank, Banque Misr support private sector with 425 million euros

Thu, 31 Dec 2020 - 04:08 GMT

Director of the European Investment Bank Neighboring Countries Flavia Palanza said, the bank is proud to work with Banque Misr and hailed the partnership’s effect on the lives of people in Egypt, it said.

Int'l Cooperation Minister: EIB Approves €750 mn COVID-19 liquidity support to Banque Misr

Tue, 06 Oct 2020 - 12:31 GMT

The bilateral strategic partnership between Egypt and the European Investment Bank dates back to 1979 with a portfolio amounting to nearly 10.6 billion euros to finance public and private collaborations and support social and economic development.

Egypt discusses with EIB activating €1.1B funding

Sun, 09 Aug 2020 - 12:20 GMT

“The objective of financing the urban transport sector with €1.1 billion is to enhance the transition from private cars to a more efficient means of transportation” the Minister noted.

EIB supports Egypt's transport sector, NBE by €1.9B

Sun, 19 Jul 2020 - 11:42 GMT

Al-Mashat clarified that €1.1 billion is to finance three projects in the transportation sector with the National Authority for Tunnels.

EIB approves €1.9B for supporting public transport, private sector in Egypt

Thu, 16 Jul 2020 - 12:57 GMT

This includes more than €10 billion of COVID-19-related investment to improve public health, strengthen public services and back investment by companies in sectors hit by the pandemic.

EIB ready to increase credit lines in Egypt, EBRD expands its solidarity package

Tue, 28 Apr 2020 - 01:11 GMT

International Finance Corporation (IFC) officials in Egypt confirmed their support for the government's vision on consulting with its private sector partners, and supporting private companies during the current crisis.

EIB finances expansion of Alexandria West WWTP

Mon, 10 Feb 2020 - 04:29 GMT

The financing will contribute to improving sanitation services for people in Alexandria, the bank said in a statement obtained by MENA on Monday.

Banque Misr signs €500M credit facility deal for financing SMEs

Mon, 25 Nov 2019 - 12:24 GMT

The deal comes as part of Banque Misr’s move to diversify its funding channels to be used in financing SMEs, the bank said in a statement.

EIB's investments in Egypt record €8.7 through 95 projects

Thu, 07 Nov 2019 - 03:57 GMT

Director Operations in Neighboring Countries at EIB said the bank's investments encompass fields of renewable energy, transportation, water, sanitation, and SMEs.

EIB: EIB's investment in Egypt reaches €8.7B in 95 projects

Tue, 01 Oct 2019 - 10:27 GMT

The EIB is to boost human capital investments, in light of President Abdel Fattah El Sisi's initiative to invest in human capital.

Gazette publishes Sisi's deal with EIB to develop Cairo Metro Line 1

Thu, 15 Aug 2019 - 11:14 GMT

President Abdel Fattah El Sisi issued a presidential decree approving an agreement between Egypt and the European Investment Bank (EIB) on developing the first line of Cairo Metro.

Egypt, EIB sign agreement to support metro's 1st line by €350M

Wed, 19 Dec 2018 - 10:34 GMT

The agreement was signed by its Minister Sahar Nasr and the President of the EIB Werner Hoyer.

AMWAJ: Water Solutions for Peace

Wed, 14 Nov 2018 - 03:03 GMT

Home to a population of close to half a billion people, the Mediterranean region is deemed one of the most water-scarce areas in the world.

Exclusive interview: Thomas Van Gilst on EIB’s tapping into Egypt’s wastewater

Wed, 14 Nov 2018 - 12:14 GMT

One of the largest financers catering to the wastewater investment sector in the Mediterranean region speaks about tapping into sanitation decentralized solutions.

EIB supports Egypt’s Kitchener Drain by ‎€214M

Wed, 17 Oct 2018 - 11:23 GMT

The agreement was signed by Egypt’s Minister of Investment Sahar Nasr and EIB President Werner Hoyer at the headquarters of the EIB in Luxembourg.

EIB provides NBE €375M to support Egypt’s SMEs

Thu, 02 Aug 2018 - 03:52 GMT

This agreement is expected to sustain over 20,000 jobs in Egyptian firms.

NBE, EIB sign 375 m euro deal for financing SMEs

Mon, 30 Jul 2018 - 03:52 GMT

Al Ahly Bank Board Chairman Hisham Okasha said financing SMEs is a top priority for the bank in line with the state plan which aims at encouraging SMEs to secure thousands of job opportunities.

French amb. lauds cooperation with Egypt in launch of ‘Nefertari’ driller

Thu, 24 May 2018 - 10:17 GMT

French ambassador in Cairo said the launch of the giant driller “Nefertari” on the third line of Cairo’s metro is a sign of both countries' cooperation.

EIB, Arab Bank to fund €300M to SMEs in MENA

Wed, 20 Dec 2017 - 04:08 GMT

The European Investment Bank (EIB) and the Arab Bank signed a financing agreement worth €300 million to support small and medium enterprises (SMEs) in Egypt.

EIB eyes SME financing in Egypt

Tue, 19 Sep 2017 - 11:24 GMT

The EIB is willing to engage in small and medium industries that are economically rational and have a foreseeable strategy, to help them scale up.