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FINANCIAL NEWS
Egypt Elect confirms with NI Capital to set up 4 firms
23 May 2016
(MENAFN) The Ministry of Elect and Renewable Energy confirmed with NI Capital Co. to promote and cover the IPO, in order to establish four companies for electricity production.
Moreover, three of the firms applied by the German firm Siemens in Borollos, the New Administrative Capital and Beni Suef.
Additionally, Siemens will establish three joined power plants, which the exhaust gas will be reused to produce energy at a cost of USD 6.73bn and USD 4.48bn of the land and equipment.
The fourth co. will be responsible for the operation and maintenance of these plans with investments of USD 2.3bn, which is part of the five-year plan to enhance capacity.
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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
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