{"id":546668,"date":"2022-05-24T03:54:45","date_gmt":"2022-05-24T03:54:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/mps-greenlight-eur-250-mn-ebrd-alex-metro-loan\/"},"modified":"2022-05-24T03:54:45","modified_gmt":"2022-05-24T03:54:45","slug":"mps-greenlight-eur-250-mn-ebrd-alex-metro-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/mps-greenlight-eur-250-mn-ebrd-alex-metro-loan\/","title":{"rendered":"MPs greenlight EUR 250 mn EBRD Alex metro loan"},"content":{"rendered":"<p><strong>EBRD Alex metro loan gets House approval:<\/strong> MPs have approved a EUR 250 mn loan from the European Bank for Reconstruction and Development (EBRD) to finance the conversion of the Abu Qir railway into an electrified metro line, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=23052022&id=cb68a833-0601-41a8-9a9f-2fca092396bb\">Al Shorouk<\/a> reports. The Transport Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/169dfb05-125a-4071-bb81-af610f454a22\">signed the final agreement<\/a> with the European lender in March.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>Customers of the <strong>Arab Organization for Industrialization<\/strong> (AOI) and its subsidiary <strong>Zero Tech<\/strong> will be able to purchase products on credit using <strong>valU<\/strong>\u2019s buy-now pay-later service after the three companies signed a partnership agreement. (<a href=\"https:\/\/ent.news\/2022\/5\/valU-x-Zero-Tech-E-x-AOI-English-pdf.pdf\">press release, pdf<\/a>)<\/li>\n<li>Former CBC owner <strong>Mohamed El Amin<\/strong> has been handed a three-year prison sentence and an EGP 200k fine after being found guilty of assaulting children at his orphanage. (<a href=\"https:\/\/gate.ahram.org.eg\/News\/3524459.aspx\">Ahram Gate<\/a>)<\/li>\n<li>UN chief <strong>Antonio Guterres<\/strong> thanked President <strong>Abdel Fattah El Sisi<\/strong> for allowing direct flights between Cairo and Yemeni capital of Sanaa under the framework of the UN\u2019s brokered truce in the war-torn country. (<a href=\"https:\/\/bit.ly\/3PPVz9l\">Foreign Ministry<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>EBRD Alex metro loan gets House approval: MPs have approved a EUR 250 mn loan from the European Bank for Reconstruction and Development (EBRD) to finance the conversion of the Abu Qir railway into an electrified metro line, Al Shorouk reports. The Transport Ministry signed the final agreement with the European lender in March. Other [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[1940,111,1878,1291,514,101,571,72,285,595,207,7085,515,448],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546668","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-alex-metro","tag-also-on-our-radar","tag-antonio-guterres","tag-arab-organization-for-industrialization","tag-consumer-finance","tag-development-finance","tag-ebrd","tag-enterpriseam","tag-mohamed-el-amin","tag-non-banking-financial-services","tag-transport","tag-un","tag-valu","tag-yemen","wpautop","entry"],"acf":{"mongo_id":"cddb38d2-afd4-4a71-8267-abbcdba5f640","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[546644],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MPs greenlight EUR 250 mn EBRD Alex metro loan - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/mps-greenlight-eur-250-mn-ebrd-alex-metro-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MPs greenlight EUR 250 mn EBRD Alex metro loan\" \/>\n<meta property=\"og:description\" content=\"EBRD Alex metro loan gets House approval: MPs have approved a EUR 250 mn loan from the European Bank for Reconstruction and Development (EBRD) to finance the conversion of the Abu Qir railway into an electrified metro line, Al Shorouk reports. The Transport Ministry signed the final agreement with the European lender in March. Other [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/mps-greenlight-eur-250-mn-ebrd-alex-metro-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-24T03:54:45+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/mps-greenlight-eur-250-mn-ebrd-alex-metro-loan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/mps-greenlight-eur-250-mn-ebrd-alex-metro-loan\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"MPs greenlight EUR 250 mn EBRD Alex metro loan\",\"datePublished\":\"2022-05-24T03:54:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/mps-greenlight-eur-250-mn-ebrd-alex-metro-loan\/\"},\"wordCount\":175,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Alex metro\",\"ALSO ON OUR RADAR\",\"Antonio Guterres\",\"Arab Organization for Industrialization\",\"consumer finance\",\"development finance\",\"EBRD\",\"EnterpriseAM\",\"Mohamed El Amin\",\"non-banking financial services\",\"transport\",\"UN\",\"ValU\",\"Yemen\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/mps-greenlight-eur-250-mn-ebrd-alex-metro-loan\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/mps-greenlight-eur-250-mn-ebrd-alex-metro-loan\/\",\"name\":\"MPs greenlight EUR 250 mn EBRD Alex metro loan - 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The Transport Ministry signed the final agreement with the European lender in March. 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The finance, which would be used to upgrade existing rolling stock and purchase new locomotives, is still being reviewed by\u2026","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/219.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558206,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/01\/more-ebrd-money-for-abu-qir-railway-conversion\/","url_meta":{"origin":546668,"position":1},"title":"More EBRD money for Abu Qir railway conversion","author":"enterpriseam admin","date":"1 August 2021","format":false,"excerpt":"An extra EUR 250 mn for Abu Qir metro, courtesy of EBRD: The project to convert Alexandria\u2019s Abu Qir railway into an underground metro will be getting an additional EUR 250 mn from the European Bank for Reconstruction and Development, after the bank approved a formal loan request submitted by\u2026","rel":"","context":"In &quot;Infrastructure&quot;","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/36.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563458,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/04\/eur-3-mn-ebrd-grant-gets-the-presidential-seal-of-approval\/","url_meta":{"origin":546668,"position":2},"title":"EUR 3 mn EBRD grant gets the presidential seal of approval","author":"enterpriseam admin","date":"4 July 2021","format":false,"excerpt":"Something else we\u2019re keeping our eye on this morning: President Abdel Fattah El Sisi has ratified a EUR 3.05 mn grant from the European Bank for Reconstruction and Development (EBRD) to finance the development of Cairo Metro Line 1, according to the Official Gazette (pdf). The cabinet greenlit the loan\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544535,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/08\/ebrd-to-double-down-on-sczone-digitization-support\/","url_meta":{"origin":546668,"position":3},"title":"EBRD to double down on SCZone digitization support","author":"enterpriseam admin","date":"8 March 2022","format":false,"excerpt":"EBRD to offer more support for SCZone\u2019s digital transformation: The European Bank for Reconstruction and Development (EBRD) signed an agreement on Saturday to extend its assistance for the digitalization of the Suez Canal Economic Zone, the bank said in a statement yesterday. The lender has already completed the first phase\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590197,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/aiib-to-provide-eur-250-mn-loan-for-abu-qir-metro-project\/","url_meta":{"origin":546668,"position":4},"title":"AIIB to provide EUR 250 mn loan for Abu Qir metro project","author":"enterpriseam admin","date":"16 July 2023","format":false,"excerpt":"This is around a sixth of the EUR 1.6 bn project, which will convert the Abu Qir railway into an underground metro line","rel":"","context":"In &quot;Infrastructure&quot;","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/551.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544483,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/06\/ebrd-green-growth-and-sanad-funds-all-have-money-for-egypt-more-competition-in-consumer-finance\/","url_meta":{"origin":546668,"position":5},"title":"EBRD, Green Growth and Sanad funds all have money for Egypt + more competition in consumer finance","author":"enterpriseam admin","date":"6 March 2022","format":false,"excerpt":"The European Bank for Reconstruction and Development (EBRD) has put pen to paper on its financing of the Alexandria metro project, which will see it provide the Transport Ministry with EUR 250 mn to transform the Abu Qir railway into an electrified metro line. Al Borsa reports that the EBRD\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=546668"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546668\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546644"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546668"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546668"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}