Egypt Signs $650Mn Financing Terms for One GW Solar Project

• Monday, 26th October 2026
• by Mohammad Abdulwakeel

Egyptian Prime Minister Mostafa Madbouly witnessed the signing of preliminary financing terms for a $650Mn solar power project in Nag Hammadi, Qena Governorate, Upper Egypt, with a planned capacity of one gigawatt (GW...

EBRD Offered to Fund SUMED Project

• Monday, 15th August 2016
• by Egypt Oil & Gas

European Bank for Reconstruction and Development (EBRD) has offered to fund the Arab Petroleum Pipelines Co. (SUMED) with $100m, based on a ten-year time-frame, to build a pier and petroleum products trading center in...

NBE and Gas Firm Reach $32m Debt Settlement

• Sunday, 3rd January 2016
• by Egypt Oil & Gas

The National Bank of Egypt (NBE) and an undisclosed gas company reached a $32m debt settlement agreement, Amwal Al Ghad reports. Bank Executive Board Member, Yehia Aboul Fotouh told the paper that the company would pa...

Petroleum Portfolio Expanding at National Bank of Egypt

• Monday, 24th August 2015
• by Egypt Oil & Gas

A source informed Amwal Al-Ghad that the financing portfolio for the petroleum sector recorded loans and credits of EGP 41b ($5.2b) at the National Bank of Egypt (NBE). The petroleum portfolio was approximately EGP 27...

Egyptian Bank Gives $14 Million Loan to EGPC for Debt Repayments

• Tuesday, 3rd March 2015
• by Egypt Oil & Gas

Arranged by the National Bank of Egypt (NBE), National Bank of Abu Dhabi (NBAD), and HSBC, the loan is at total value of US$ 1.5 billion designated to pay part of Egypt’s debts owed to foreign partners in the pe...