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FINANCIAL NEWS
ArcelorMittal gets funding for a steel project in Algeria
11 Jan 2012
(MENAFN) Indian steel giant ArcelorMittal Group received USD200 million loan from The External Bank of Algeria (BEA) to develop Al-Hadjar Steel Complex, in which it owns 70 percent, in Annaba province east of Algiers, KUNA reported.
The step would put an end to a dispute between the Indian company and the Algerian government that risked shutting down the complex.
Algerian Prime Minister Ahmad Ouyahia affirmed that his government would intervene to prevent a possible closure of the mega project.
ArcelorMittal Group previously threatened to declare bankruptcy if it failed to obtain government funding.
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Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
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BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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