{"id":616247,"date":"2024-03-03T00:00:00","date_gmt":"2024-03-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/03\/cabinet-approves-eu-eib-financing-new-golden-license-green-hydrogen-consultant\/"},"modified":"2024-03-03T00:00:00","modified_gmt":"2024-03-03T00:00:00","slug":"cabinet-approves-eu-eib-financing-new-golden-license-green-hydrogen-consultant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/03\/cabinet-approves-eu-eib-financing-new-golden-license-green-hydrogen-consultant\/","title":{"rendered":"Cabinet approves EU + EIB financing, new golden license, green hydrogen consultant"},"content":{"rendered":"

Soft financing from the EIB, grant from EU get greenlight from ministers: <\/strong>Thecabinet, during its latest weekly meeting, approved EUR 135 mn in soft financing from the European Investment Bank (EIB) and a EUR 30 mn grant from the EU, according to a cabinet statement<\/a>. The funds will help finance<\/a> the Sustainable Green Industry project.<\/p>\n

Golden license granted: <\/strong>Limited liability company ICE LINX has been handed a goldenlicense to build and operate an 100% export-orientated food processing and packaging plant with investments of up to EGP 204 mn in New Borg El Arab. The factory is slated to be fully operational by the end of the year and its products will meet a 50% local component quota. <\/p>\n

Green hydrogen consultant wanted, apply within: <\/strong>The Sovereign Fund of Egypt\u2019s request to contract a specialized international legal consultant to oversee the drafting of green hydrogen contracts<\/a> got the cabinet greenlight.<\/p>\n","protected":false},"excerpt":{"rendered":"

The funds will help finance the Sustainable Green Industry project, which seeks to combat industrial pollution<\/p>\n","protected":false},"author":1,"featured_media":616248,"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":[7306],"tags":[282,72,760,2917,254],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-616247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet-watch","tag-cabinet-watch","tag-enterpriseam","tag-european-investment-bank","tag-golden-licenses","tag-green-hydrogen","wpautop","entry"],"acf":{"mongo_id":"029064d8-4fd0-4e79-bc81-481d29e55aef","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/35.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Cabinet approves EU + EIB financing, new golden license, green hydrogen consultant","related_issue":[616232],"teaser":"The funds will help finance the Sustainable Green Industry project, which seeks to combat industrial pollution","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.ce593649-746d-4b96-b6d4-f6eddc78213b.mp3"},"yoast_head":"\nCabinet approves EU + EIB financing, new golden license, green hydrogen consultant - 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The authority is currently in talks with the EIB for EUR 60 mn \u2014 EUR 45 mn of which\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574297,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/nbe-signs-eur-800-mn-agreement-with-eib-for-sme-financing\/","url_meta":{"origin":616247,"position":2},"title":"NBE signs EUR 800 mn agreement with EIB for SME financing","author":"enterpriseam admin","date":"6 September 2020","format":false,"excerpt":"DEBT WATCH- NBE signs EUR 800 mn agreement with EIB for SME financing: The National Bank of Egypt has signed a EUR 800 mn financing agreement with the European Investment Bank (EIB) to fund SMEs that have been impacted by covid-19, International Cooperation Minister Rania Al Mashat announced, according to\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":[]},{"id":586369,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/alexbank-secures-usd-15-mn-from-eib-for-green-on-lending\/","url_meta":{"origin":616247,"position":3},"title":"Alexbank secures USD 15 mn from EIB for green on-lending","author":"enterpriseam admin","date":"10 May 2023","format":false,"excerpt":"The funding comes as part of the Green Economy Financing Facility","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\/5\/539.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623024,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/eib-approves-eur-214-mn-loan-for-kitchener-drain-depollution\/","url_meta":{"origin":616247,"position":4},"title":"EIB approves EUR 214 mn loan for Kitchener Drain depollution","author":"enterpriseam admin","date":"18 October 2018","format":false,"excerpt":"The European Investment bank (EIB) approved a EUR 214 mn loan for Egypt\u2019s Kitchener Drain depollution project, according to an Investment Ministry statement (pdf). The loan brings up the total financing pledged for the project to EUR 400 mn, with EUR 148 mn approved by the European Bank for Reconstruction\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":627320,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/eib-nbe-sign-eur-375-mn-financing-agreement-to-support-egypts-smes\/","url_meta":{"origin":616247,"position":5},"title":"EIB, NBE sign EUR 375 mn financing agreement to support Egypt\u2019s SMEs","author":"enterpriseam admin","date":"29 July 2018","format":false,"excerpt":"The European Investment Bank (EIB) and National Bank of Egypt (NBE) have signed a EUR 375 mn financing agreement to support SMEs in Egypt, Al Mal reports. 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