{"id":609197,"date":"2023-11-01T00:00:00","date_gmt":"2023-11-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/"},"modified":"2023-11-01T00:00:00","modified_gmt":"2023-11-01T00:00:00","slug":"cbe-gets-c-usd-1-bn-from-chinese-development-bank","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/","title":{"rendered":"CBE gets c. USD 1 bn from Chinese Development Bank"},"content":{"rendered":"

Fresh financing is on its way from China:<\/strong> State-owned China Development Bank (CDB) announced that it gave the Central Bank of Egypt CNY 7 bn (c. USD 957 mn) on 30 October to, fulfilling a loan agreement signed last month during the Belt and Road Forum, according to a statement by the lender yesterday.<\/p>\n

It\u2019s all about cooperation and the Belt and Road initiative<\/strong>,says the Beijing-based lender. The fresh financing will go towards unspecified agreements<\/a> from October's Belt and Road Forum and nine already agreed upon projects from the Forum on China\u2013Africa Cooperation<\/a> held in 2021.<\/p>\n

The CBD is no stranger to Egypt: <\/strong>The lender added that it has issued USD 6.5 bn worth in loans in Egypt in the first nine months of this year. This has gone towards supportings the CBE\u2019s USD 1 bn credit line, local bank financing for MSMEs, electricity infrastructure projects, and projects in the TEDA industrial zone<\/a> in Ain Sokhna. The bank is also trying to set up<\/a> a branch in Egypt so Chinese companies can access CNY in Egypt to fund local investments.<\/p>\n

Chinese companies have also become an important source of FX investment:<\/strong> At the recent Belt and Road Forum, private and state-owned enterprises in China have pledged investments worth c. USD 15.5 bn in the Suez Canal Economic Zone. Enterprise HQ has been inundated<\/a> with big China investment stories throughout the year on at least a weekly basis, especially now we\u2019re set to join<\/a> BRICS in 2024.<\/p>\n

DATA POINT- About 5% of our total external debt is owed to the Chinese: <\/strong>Egypt owed USD 8.2 bn to China as of the end of March, according to central bank figures (pdf)<\/a>. The country\u2019s total external debt was USD 165.3 bn as of March 2023.<\/p>\n

The international press also picked up the story: <\/strong>Reuters<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

The loan will help finance projects agreed upon in the Belt and Road Forum<\/p>\n","protected":false},"author":1,"featured_media":609198,"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":[7274],"tags":[204,271,116,9422,88,101,975,72,461,125,416],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-609197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-banking","tag-central-bank-of-egypt","tag-china","tag-china-development-bank","tag-debt-watch","tag-development-finance","tag-egypt-china-relations","tag-enterpriseam","tag-gafi","tag-investment-watch","tag-suez-canal-economic-zone","wpautop","entry"],"acf":{"mongo_id":"c2bf4ab6-df22-42a9-abf1-d315809bb7ca","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/1520.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Central Bank of Egypt has lined up c. USD 1 bn from the Chinese Development Bank","related_issue":[609186],"teaser":"The loan will help finance projects agreed upon in the Belt and Road Forum","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.896db2b3-88f8-4360-8d65-2a54d218815c.mp3"},"yoast_head":"\nCBE gets c. USD 1 bn from Chinese Development Bank - 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\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE gets c. USD 1 bn from Chinese Development Bank\" \/>\n<meta property=\"og:description\" content=\"The loan will help finance projects agreed upon in the Belt and Road Forum\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-01T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?fit=%2C&ssl=1\" \/>\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\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE gets c. USD 1 bn from Chinese Development Bank\",\"datePublished\":\"2023-11-01T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/\"},\"wordCount\":305,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?fit=%2C&ssl=1\",\"keywords\":[\"banking\",\"Central Bank of Egypt\",\"China\",\"China Development Bank\",\"debt watch\",\"development finance\",\"Egypt-China relations\",\"EnterpriseAM\",\"GAFI\",\"investment watch\",\"Suez Canal Economic Zone\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/\",\"name\":\"CBE gets c. USD 1 bn from Chinese Development Bank - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-11-01T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBE gets c. USD 1 bn from Chinese Development Bank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CBE gets c. USD 1 bn from Chinese Development Bank - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/","og_locale":"en_US","og_type":"article","og_title":"CBE gets c. USD 1 bn from Chinese Development Bank","og_description":"The loan will help finance projects agreed upon in the Belt and Road Forum","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-11-01T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"CBE gets c. USD 1 bn from Chinese Development Bank","datePublished":"2023-11-01T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/"},"wordCount":305,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?fit=%2C&ssl=1","keywords":["banking","Central Bank of Egypt","China","China Development Bank","debt watch","development finance","Egypt-China relations","EnterpriseAM","GAFI","investment watch","Suez Canal Economic Zone"],"articleSection":["DEBT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/","name":"CBE gets c. USD 1 bn from Chinese Development Bank - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?fit=%2C&ssl=1","datePublished":"2023-11-01T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"CBE gets c. USD 1 bn from Chinese Development Bank"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":608522,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/22\/egypt-inks-debt-swap-pact-with-china\/","url_meta":{"origin":609197,"position":0},"title":"Egypt inks debt swap pact with China","author":"enterpriseam admin","date":"22 October 2023","format":false,"excerpt":"Egypt currently owes about USD 8.2 bn to the Chinese","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1039.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":607258,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/01\/china-to-lend-egypt-usd-400-mn-for-electric-light-rail-train\/","url_meta":{"origin":609197,"position":1},"title":"China to lend Egypt USD 400 mn for electric light rail train","author":"enterpriseam admin","date":"1 October 2023","format":false,"excerpt":"The Export-Import Bank of China (China Eximbank) is lending Egypt USD 400 mn to finance the third phase of the electric light rail train (LRT), Asharq Business reports, citing people it says have knowledge of the matter. The loan would finance completion of the delayed project, adding 20.4 km and\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/2.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":647649,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/16\/banque-misr-china-development-bank-sign-usd-500-mn-financing-agreement-in-beijing\/","url_meta":{"origin":609197,"position":2},"title":"Banque Misr, China Development Bank sign USD 500 mn financing agreement in Beijing","author":"enterpriseam admin","date":"16 May 2017","format":false,"excerpt":"Banque Misr and China Development bank signed a USD 500 mn financing agreement in Beijing, on the sidelines of the Belt and Road Forum, according to an Investment and International Ministry press release. China Export and Credit Insurance Corporation also agreed to cover export credit guarantees for Chinese companies. In\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597712,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/usd-3-bn-in-chinese-financing-for-egypt-as-el-sisi-deepens-ties-with-china-at-belt-and-road-forum-in-beijing\/","url_meta":{"origin":609197,"position":3},"title":"USD 3 bn in Chinese financing for Egypt as El Sisi deepens ties with China at Belt and Road Forum in Beijing","author":"enterpriseam admin","date":"2 May 2019","format":false,"excerpt":"USD 3 bn in fresh financing for Egypt as El Sisi deepens ties with China at Belt and Road Forum in Beijing: A series of new financing, manufacturing, and communications agreements were signed last week between Egyptian and Chinese companies as President Abdel Fattah El Sisi joined the three-day Belt\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/1191.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627019,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/","url_meta":{"origin":609197,"position":4},"title":"NBE joins China Arab bank initiative","author":"enterpriseam admin","date":"17 July 2018","format":false,"excerpt":"The National Bank of Egypt (NBE) has signed on to join a China-Arab states bank initiative announced by Chinese Xi Jinping earlier this month, NBE Vice Chairman Yahia Aboul Fotouh tells Ahram Gate. The initiative is part of the wider Chinese One Belt One Road global trade program, said Aboul\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651906,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/23\/industrial-and-commercial-bank-of-china-to-provide-egypt-with-usd-20-bn\/","url_meta":{"origin":609197,"position":5},"title":"Industrial and Commercial Bank of China to provide Egypt with USD 20 bn","author":"enterpriseam admin","date":"23 February 2017","format":false,"excerpt":"Today\u2019s forecast: sunny, with a drizzle of roz: The Industrial and Commercial Bank of China (ICBC) is set to provide Egypt with USD 20 bn in financing over the next 10 years, ICBC\u2019s Africa General Manager Ivy Tsai said at a meeting with Investment and International Cooperation Minister Sahar Nasr,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"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\/609197","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=609197"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/609197\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/609186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/609198"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=609197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=609197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=609197"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=609197"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=609197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}