EIB Endows EUR 122.7 mn for Egypt’s Sanitation, Transport Sectors

Egypt has approved three funding agreements with the European Investment Bank (EIB) to finance local sanitation and transportation sectors at a combined value of EUR 122.7 mn (EGP 2.23 bn).

PHD Closes EGP 1.1 bn Loan Facility to Settle Debt

Egypt's property developer Palm Hills Developments (PHD) signed on December 18 a deal with the Commercial International Bank Egypt (CIB) to secure EGP 1.1 bn medium-term loan facility.

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