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FINANCIAL NEWS
Egypt close to agree on foreign oil firms repayment schedule
13 Sep 2013
(MENAFN) Egypt has accumulated debts of USD6 billion to foreign oil companies operating in the country, Saudi Gazette reported.
Egypt’s Prime Minister said that a schedule to repay these debts is being set and agreement on this schedule is close.
Prime Minister Hazem El-Beblawi told a local news paper that an agreement to repay the debts would increase the companies’ investments in the country to hit USD15 billion in the next two years.
“Reaching a settlement will lead to a rise in investment from foreign (oil) firms within two years to $15 billion,” he said.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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