January 4, 2021

NBE arranges EGP 3.8B loan for new Abu Qir Port

ArabFinance: The National Bank of Egypt (NBE) arranged a bridge loan worth EGP 3.8 billion for Gharably Integrated Engineering Company to expand and develop the new Abu Qir Port in Alexandria, Ahram Gate reported on January 1st.

Alexbank, Export Development Bank of Egypt, and Suez Canal Bank participated in this credit facility, according to the news portal.

No further details about the financial assistance were disclosed.

Last August, Egypt’s naval forces reportedly signed a contract to establish a container terminal at Abu Qir Port.


Categories : banking

Finance & Economy

Moody’s Analytics CECL Solutions Complete 2020 SOC 1® Examinations

2021-01-27 04:00:00

Moody’s Analytics today announced that the ImpairmentStudio™, RiskCalc™, and CMM™ platforms have completed"...
Read More

ServiceNow Helps Solve Challenges to Qui...
January 27, 2021
TransferWise and Visa Announce Global Pa...
January 27, 2021