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AI + Innovation (MENA) 
Infrastructure 
MPs approve amendment to desert lands ownership law + agreements with EBRD, ADEX, AFD
MPs were concerned over the amendment’s national security risks
Damietta Port lines up USD 455 mn for second cargo terminal
The terminal will have a final capacity of 3.5 mn TEUs and begin operation by 2024.
EBRD approves USD 100 mn loan to NBE
Half of the proceeds will go into financing women and youth-led businesses
EBRD delivers on UMC’s USD 50 mn loan, mulls two loans to aiBank
The lender is weighing two loans to aiBank worth USD 35 mn for on-lending to agribusiness and green projects
EBRD interested in acquiring stakes in United Bank, Banque du Caire
The European lender has lodged interest with the sovereign fund and is waiting for clarity about the size of the…
ASCOM acquires stake in Canadian gold producer. PLUS: News from Gold Era and NBE
ASCOM’s APM Investment Holding has sold its 35% stake in Kurmuk Gold Project
CIB to borrow USD 150 mn from EBRD
The funds will strengthen the bank’s Tier II capital
EBRD could invest USD 40 mn in SPE Capital’s new North Africa-focused fund
The USD 350 mn fund will invest in mid-cap companies in Egypt, Morocco, and Tunisia
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