Egypt's Ministry of Petroleum owes $1.35b in outstanding dues to Royal Dutch Shell for equity production from Rashid and Burullus fields’ concessions.
Shell Lubricants Company renewed its partnership with Ghabbour Auto, thus shell will still be the main supplier of engine oils in the service centers of brands associated with Ghabbour Auto.
National Bank of Kuwait (NBK) has sued both National Gas Egypt and the Egyptian Natural Gas Holding Company (EGAS) before the Economic Court for the delayed repayment of a EGP 75m loan.
Egyptian Minister of Investment, Dalia Khorshid, witnessed the signing of a loan with BNP Paribas worth $650m for the development of two power stations in Assuit and west Damietta.
The World Bank's Board of Executive Directors approved the release of the second $1b tranche of the $3b loan aiming to fund Egypt's economic reform program.
The Egyptian Ministry of Electricity and Renewable Resources completed reviewing bids from seven companies that submitted tenders to supply 250,000 smart electricity meters.