IFC to Give $50m Loan to Egypt’s PICO

IFC, a member of the World Bank Group, is providing a $50 million loan to Cheiron Finance Limited, a subsidiary of Egypt’s PICO International Petroleum, in an effort to bolster energy supplies in the Arab World's mos ...

Bank Audi to Give 400m Loan to Electricity

Bank Audi-Egypt has participated in a loan that will be given to the Egyptian Electricity Holding Company (EEHC), according to Mohamed Abbas Fayed, Deputy Chairman & Managing Director of the bank.

Update-2 Siemens in Need of $917m Loan to Implement 3 Power Plants in Egypt

German Siemens seeks to obtain a fund worth EGP 7 billion (US$917.3million) from a group of banks working in the Egyptian market, a senior source told Amwal Al Ghad Monday.

Update-1 EEHC to Receive EGP 1.75bn Loan from Banque Misr

Banque Misr will provide an EGP 1.75bn share in the loan coordinated for the Egyptian Electricity Holding Company (EEHC), according to Banque Misr Chairman Mohamed El-Etreby.

ITFC Funds Egypt’s Diesel and Petroleum Imports

An agreement on receiving funds from the International Islamic Trade Finance Corporation (ITFC) to import “essential goods” into Egypt was signed by President Abdel Fatah al-Sisi Thursday.

NBE and Banque Misr to Fund Power Plant

A new banking consortium, involving two of Egypt’s biggest public banks, the National Bank of Egypt (NBE) and Banque Misr, plans to secure a multi-billion Egyptian pound syndicated loan for a power plant in Red Sea.

Update-1 Banks Pool in for Loan to EEHC

It was previously announced that 10 banks will contribute to a loan for EEHC. A new announcement, reported by Amwal al Ghad saya that five banks have reached a final agreement on their shares in a US$521 million loan ...

Banque du Caire Issues Letters of Credit Worth $36m to EGPC

Ayman Mukhtar, General Director of the Banque du Caire’s Corporate Credit Sector, announced that his bank has agreed this week to open a credit line worth $36 million for EGPC to import crude oil.

Consortium of 10 Banks to Loan the EEHC

A consortium of ten banks is offering a loan of $1.3bn, EGP 10bn, of financing to the state-run Egyptian Electric Holding Company (EEHC) with new terms.

Egypt Receives $6bn from Saudi Arabia, UAE & Kuwait

Saudi Arabia, Kuwait and the United Arab Emirates deposited $6bn with Egypt's Central Bank, the bank's governor said, a sign that the gulf powers remain committed to propping up the Egyptian economy.

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