30 Jun 2016
(MENAFN) Egypt has cancelled an USD140mn loan signed with the African Development Bank (AFDB) to upgrade Sharm El-Sheikh airport.
However, the continued drop in tourism for Sharm El-Sheikh obliged the government to reconsider carrying out the airport upgrade project.
The government is focusing on implementing other projects with high-priority, like the development of slums and financing youth-led businesses.
In addition, Egypt signed an USD140mn loan deal last year with the AFDB to finance a project to increase Sharm El-Sheikh Airport’s capacity.
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more