{"id":647649,"date":"2017-05-16T03:53:33","date_gmt":"2017-05-16T03:53:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/16\/banque-misr-china-development-bank-sign-usd-500-mn-financing-agreement-in-beijing\/"},"modified":"2017-05-16T03:53:33","modified_gmt":"2017-05-16T03:53:33","slug":"banque-misr-china-development-bank-sign-usd-500-mn-financing-agreement-in-beijing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/16\/banque-misr-china-development-bank-sign-usd-500-mn-financing-agreement-in-beijing\/","title":{"rendered":"Banque Misr, China Development Bank sign USD 500 mn financing agreement in Beijing"},"content":{"rendered":"

Banque Misr and China Development bank signed a USD 500 mn financing <\/strong>agreement in Beijing<\/strong>, on the sidelines of the Belt and Road Forum, according to an Investment and International Ministry press release<\/a>. China Export and Credit Insurance Corporation also agreed to cover export credit guarantees for Chinese companies. In addition, the Suez Canal Economic Zone, the China-Africa Development Fund, and Chengdu Port signed a framework agreement for investments at Ain Sokhna Port. Also signed in China was an agreement between the Egyptian Electricity Transmission Company, the Export\u2013Import Bank of China, the Bank of China, and the China Development Bank to transmit 500 KW to the national grid, to be implemented by the State Grid Corporation of China.<\/p>\n

In related news, Investment Minister Sahar Nasr signed an MoU with the Chairman of <\/strong>China\u2019s Sinosure<\/strong> on Monday, which promises to facilitate procedures for Chinese investments in Egypt, Al Mal says<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 addition, the Suez Canal Economic […]<\/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":[9285],"tags":[2398,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647649","post","type-post","status-publish","format-standard","hentry","category-diplomacy-foreign-trade","tag-diplomacy-foreign-trade","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"8871575d-c2b5-4b36-b318-45a2466dc3db","order":"0","is_powered_by":true,"section_story_id":"83a7a12e-3fbc-43f3-9882-23864c8cf7f5","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647623],"teaser":"","voice_url":""},"yoast_head":"\nBanque Misr, China Development Bank sign USD 500 mn financing agreement in Beijing - 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\/2017\/05\/16\/banque-misr-china-development-bank-sign-usd-500-mn-financing-agreement-in-beijing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banque Misr, China Development Bank sign USD 500 mn financing agreement in Beijing\" \/>\n<meta property=\"og:description\" content=\"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. 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Banque Misr had previously signed an agreement with ICBC and the China Export and Credit Insurance Corporation to provide up to USD 500 mn\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":593377,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/26\/egypts-banque-misr-doubles-smes-credit-line-with-eib\/","url_meta":{"origin":647649,"position":1},"title":"Egypt\u2019s Banque Misr doubles SMEs credit line with EIB","author":"enterpriseam admin","date":"26 November 2019","format":false,"excerpt":"Banque Misr has signed an agreement to double its SMEs financing credit line at the European Investment Bank (EIB) to EUR 1 bn, Al Mal reports. 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The bank is sourcing the funding from a USD 500 mn loan it received from the\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":593273,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/everything-you-need-to-know-about-egypts-investment-for-africa-forum-2019\/","url_meta":{"origin":647649,"position":4},"title":"Everything you need to know about Egypt\u2019s Investment for Africa Forum 2019","author":"enterpriseam admin","date":"24 November 2019","format":false,"excerpt":"Everything you need to know about Investment for Africa 2019, including agreements worth a combined USD 3 bn: Eleven agreements worth more than USD 3 bn were signed during the two-day Investment for Africa Forum, which wrapped up yesterday in the new administrative capital, according to a long readout from\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\/11\/1185.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566306,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/10\/state-banks-get-plenty-of-funding-from-global-lenders\/","url_meta":{"origin":647649,"position":5},"title":"State banks get plenty of funding from global lenders","author":"enterpriseam admin","date":"10 June 2021","format":false,"excerpt":"Banque du Caire (BdC) signed a financing agreement worth USD 200 mn with the African Export-Import Bank (Afreximbank), chairman and CEO of BdC Tarek Fayed told Al Mal in an interview today. 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