Beta Launch Sunday, 18 November 2018
Global Dow 3.79
2,835.68 0.13%
27 August 08:59 PM
S&P 500 4.08
2,443.05 0.17%
25 August 05:03 PM
EGX 23.25
12,949.65 0.18%
27 August 12:00 AM
TDWL -20.48
7,225.18 -0.28%
27 August 12:00 AM
DFM -21.94
3,602.55 -0.61%
27 August 12:00 AM
ADX -13.82
4,479.99 -0.31%
27 August 12:00 AM

EBRD allocates $ 2.5 m loan to MedLabs to open 10 new laboratories in West Bank

The European Bank for Reconstruction and Development (EBRD) is supporting the healthcare sector in the West Bank and Gaza with a $ 2.5 loan million to MedLabs Consultancy Group, a company specialized in the provision of high-quality medical laboratory services.

Access to high-quality laboratory services is limited in the West Bank, particularly in the northern and southern areas. The EBRD funds will support the expansion of MedLabs’ operations, with the establishment of 10 new laboratories in 8 cities over a period of 3 years.

The new network will enhance the quality and range of medical diagnostic services provided to the Palestinian population.

The signing ceremony took place at the EBRD Annual Meeting in Jordan in the presence of the Palestine Monetary Authority’s Governor Azzam Shawwa, EBRD President Suma Chakrabarti, MedLabs CEO Hassib Sahyoun, EBRD Managing Director for the Southern and Eastern Mediterranean Region Janet Heckman, and EBRD Director for the Eastern Mediterranean Region Heike Harmgart.

The EBRD Board of Governors approved the engagement of the EBRD in the West Bank and Gaza in May 2017. In March 2018 the Bank signed its first investment in the West Bank and Gaza, with a US$ 5 million loan to Cairo Amman Bank Palestine which will be on-lent to small firms.

The southern and eastern Mediterranean region, to which the West Bank and Gaza belong, is currently the fastest-growing region of EBRD operations, with more than €6.8 billion in 179 projects in less than six years.

 

RECOMMENDED

COMMENTS

There are no comments yet

LEAVE A COMMENT

Share with

My Account

Forgot password?

Create An Account

Forgot password?

Restore password

Subscribe to read
Already subscribed? Click here

For a limited time!
12 Months = 15 Months
24 Months = 32 Months
(Included Postal Fees worldwide)

Read, Explore Opportunities
Be connected with Business, Investment, Finance, Stock Exchange, Currencies, Development and International Cooperation

3 Months

18 USD / 60 AED

English Edition

Subscribe

3 Months

18 USD / 60 AED

Arabic Edition

Subscribe

3 Months

29.9 USD / 99 AED

Both Editions

Subscribe

6 Months

36 USD / 120 AED

English Edition

Subscribe

6 Months

36 USD / 120 AED

Arabic Edition

Subscribe

6 Months

59.9 USD / 199 AED

Both Editions

Subscribe

12 Months

72 USD / 240 AED

English Edition
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

12 Months

72 USD / 240 AED

Arabic Edition
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

12 Months

122 USD / 408 AED

Both Editions
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

24 Months

144 USD / 480 AED

English Edition
Amazing Deal!
(32 Months instead of 24 Months)

Subscribe

24 Months

144 USD / 480 AED

Arabic Edition
Amazing deal!
(32 Months instead of 24 Months)

Subscribe

24 Months

240 USD / 799 AED

Both Editions
Amazing deal!
(32 Months instead of 24 Months)

Subscribe
* Terms and conditions apply.