banks | Egypt Oil & Gas - Part 2
Sidpec Partners with United Gas Derivative, Eni, BP in Ethylene Project
Sidi Kerir Petrochemicals Co “Sidpec” Chariman Ahmed Helmy, said that five local banks offered to finance the 200 thousand tons capacity per year ethylene production project, with $ 600 million investments. Helmy told...
MOPCO Suez Wins $2bn Finances for PetroChem, Fertilizer Project
Misr Company for Oil Industries MOPCO Suez plans to carry out a new project to produce aromatic fertilizer and petrochemical products in Ain Sukhnan at a total cost of $2bn. Three banking institutions namely Commercia...
Egypt’s $7.5 Bn PetroChem Project Attracting International Banks
Egyptian Investment Minister Ashraf Salman has discussed Wednesday plans to carry out petrochemicals project in Egypt with the representatives of the U.S. Export-Import Bank, Export-Import Bank of Korea (Korea Eximban...
Financial Growth Unaffected by Oil Prices, says First Gulf Bank
Falling oil prices are not expected to impact the consumer banking sector at First Gulf Bank (FGB), with the bank set to see continued growth, according to Girish Advani, head of personal banking and executive vice-pr...
Dolphin Energy in Need of Advice for ‘Incremental’ Loan
Dolphin Energy, the Abu Dhabi state-controlled venture that produces and transports natural gas to the UAE and Oman, wants to raise a billion loan and has invited banks to pitch for a role advising it, banking sources...
Oman Electricity Co. Poised to Issue Dollar Bonds
State-owned Oman Electricity Transmission Co (OETC) plans to meet fixed income investors starting on Wednesday for a potential debut US dollar bond issue, a document from lead arrangers showed. The firm, which develop...
Oil Prices Force Qatar to Borrow for World Cup Plans
Qatari banks plan to borrow more than $6 billion to finance a construction boom ahead of the 2022 soccer World Cup amid slumping oil prices. Shareholders in Al Khaliji Commercial Bank approved a $2.5 billion bond prog...
Oil Price Slump Catches Up with Wells Fargo Bank
Wells Fargo’s first-quarter profits slipped for the first time in seven years, as the biggest bank by market capitalisation in the US set aside more reserves to cover potential losses on its $18.5 billion (Dh67.9 bill...
