The National Bank of Egypt (NBE) has received a $700m (EGP 5.5b) loan from the China Development Bank to finance infrastructure projects in energy and other sectors.
The Export-Import Bank of the United States (Ex-Im Bank) considers pumping loans of $1.5b to the Egyptian market for projects in petrochemicals, energy, and aviation sectors in the coming period.
Egypt will sign three concessional loan agreements with Japan and one with South Korea worth a total of $575m to finance projects in energy and transportation.
The Egyptian Natural Gas Holding Company (EGAS) decreased the volume of imported gas by approximately 7%, to reach 650 mcfd compared to 700 mcfd in January.
Azerbaijan, Iran, and Russia are collaborating together to establish an energy corridor, linking the three countries. The corridor will be used to export electricity from Russia to Azerbaijan and Iran.
The European Bank for Reconstruction and Development (EBRD) has invested $2b in Egypt through 32 projects since 2012, according to EBRD Director, Philip ter Woort. Investments of the bank were primarily focused on en ...
Coordination is underway between the two Egyptian and Japanese sides on projects that will be signed during President Abdel-Fattah El-Sisi's visit to Tokyo next month, informed sources told Al Mal.