Qalaa Holdings, Major Banks in Egypt Finalize Debt Settlement Deal

• Tuesday, 16th April 2024
• by Sarah Samir

Qalaa Holdings has announced the signing of an agreement to settle all its debts to Banque Misr, Banque du Caire, Arab African International Bank, and Al Ahli Bank of Kuwait in exchange for approximately EGP 4.547 ...

Saudi Aramco Asks Banks for IPO Roles

• Tuesday, 20th August 2019
• by Editorial Team

Saudi Aramco has recently asked major banks to submit proposals for potential roles in its planned initial public offering (IPO).

AMOC Agrees Financing for Refinery Project

• Tuesday, 20th March 2018
• by Sarah Samir

The Alexandria Mineral Oils Company (AMOC) has reached an agreement with five financial organisations to fund its $500 million refinery project.

Three Companies Make It to FiT phase(1)

• Monday, 27th February 2017
• by Dr. Mahinaz El-Baz

The Egyptian Electricity Holding Company chief ,Eng. Gaber El Dessouky, said that three companies out of nine made the cut for phase one of FiT program.

Egypt’s GPC to Borrow EGP2b for Oil, Gas Exploration

• Wednesday, 6th April 2016
• by Egypt Oil & Gas

Egypt’s General Petroleum Company (GPC) has addressed some banks operating in the local market to obtain a loan worth EGP 2b to finance oil and gas exploration and drilling operations.

Angola Driving Ahead with Eurobond Plan as Oil Prices Falls

• Monday, 26th October 2015
• by Egypt Oil & Gas

Angola's Finance Minister announced that his country will meet with investors in the US and Europe starting October 26 to promote its first Eurobond sale

ADIB and Banque Misr Partner for $105m EGPC Loan

• Thursday, 8th October 2015
• by Egypt Oil & Gas

Abu Dhabi Islamic Bank is spearheading an effort with Bank Misr to lend Egypt’s EGPC $105m.

Bahrain Subsidies Hit by Oil Prices

• Sunday, 4th October 2015
• by Egypt Oil & Gas

Bahrain more than doubled the prices of beef and chicken, removing meat subsidies to save money as low oil prices squeeze government's revenues

African Bank Head Says Electricity to Power Continent’s Industrialization

• Monday, 28th September 2015
• by Egypt Oil & Gas

Akinwumi Adesina, the new president of the African Development Bank, declared that Africa should push to achieve universal access to electricity within a decade

Iraq Investment Rating Daunts International Bond Plans

• Thursday, 10th September 2015
• by Egypt Oil & Gas

A source informed Bloomberg that the Iraqi government has mandated Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. to organize meetings to help launch the country’s planned $6b international bond program, ...