logo_anba_en logo_camera_en
12/05/2017 - 18:53hs
Share:

Bank to support Egypt in petchems

The European Bank for Reconstruction and Development (EBRD) will provide a USD 11 million loan to a petrochemical industry company.



São Paulo – The European Bank for Reconstruction and Development (EBRD) approved a USD 11 million loan to the Egyptian petrochemical industry. The move was announced this Friday (12) by the Egyptian minister of Investment and International Cooperation, Sahar Nasr.

The news was made public by the Middle East News Agency (Mena). The funds will be provided to petrochemicals manufacturer Carbon Holdings, and it was enabled by the efforts of the Ministry of Investment and International Cooperation to support the private sector via international financial institutions.

*Translated by Gabriel Pomerancblum

Send by Email





Comments

Your comment will be sent to a moderator before being published.





imagem_form