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EBRD hiding head in the sand on Egypt democracy

By Kuba Gogolewski Individual rights, gender equality, freedom of religion, freedom of thought and opinion, freedom of press, the right to go on strike — all these and other rights and freedoms are enshrined in the new constitution that Egyptians voted overwhelmingly in favour of. But do these words turn Egypt overnight into a democracy? …

Daily News Egypt

UN, EBRD to boost Mediterranean agribusiness

By Reem Abdellatif CAIRO: The region’s high-potential but underutilized agribusiness sector is about to get a boost, with a close eye on promoting private sector investment. The European Bank for Reconstruction and Development (EBRD) and the United Nations’ Food and Agriculture Organization (FAO) signed Wednesday an agreement worth $2.2 million, with the aim of promoting agribusiness …

DNE

EBRD eyes 2.5 bn-euro investment across ‘Arab democracies’

By AFP LONDON: The European Bank of Reconstruction and Development has the ability to invest annually up to €2.5 billion in total across four “emerging Arab democracies,” its president said on Thursday. The EBRD, formed in 1991 to help ex-Soviet bloc nations in their transition to market economies, is embarking on a similar course of …

DNE

EBRD sees 2011 profits of more than 800 mln euros

LONDON: The European Bank for Reconstruction and Development expects to report realized profits of more than €800 million in 2011, after making record investments of over €9 billion last year, the bank said on Wednesday. Net profits will be lower than the realized profits due primarily to lower equity valuations, the bank said in a …

DNE

EBRD shareholders back Arab expansion

LONDON: Shareholders in the European Bank of Reconstruction and Development, which funds projects in the ex-Soviet bloc, have backed expansion into the Middle East and North Africa, it said Wednesday. The London-based EBRD launched plans in May to expand into the region, after a wave of uprisings in the so-called Arab Spring, and wants to …

DNE

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