SMEs Development Authority to sign EUR 15 mn loan with EIB end-October: The SMEs Development Authority is in the final stages of talks with the European Investment Bank (EIB) for a EUR 15 mn loan and expects to sign the agreement by the end of the month, the authority’s head of human and social development sector Medhat Massoud told Al Mal. The loan will be used to develop the infrastructure of the governorates of Giza, Alexandria, Port Said, Monofeya and Assiut over about two years, Massoud. The agency has just completed repaying a USD 200 mn World Bank loan it received in 2012.

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