banks | Egypt Oil & Gas

Saudi Aramco Asks Banks for IPO Roles

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

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)

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

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

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

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

Bahrain Subsidies Hit by Oil Prices

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

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

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, ...

Oil Price Crunch May Force Reform of Gulf Arab Oil Finances

A Standard & Poor’s Rating Services report cited by Gulf News warned that low oil prices will adversely affect the banking sector in the Gulf Arab states.

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