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FINANCIAL NEWS
Egypt, KSA to ink petroleum, investment deals
20 Mar 2016
(MENAFN) The Egyptian Minister of Intl’ Cooperation will sign an agreement with Saudi Arabian parties for the ink of petroleum to Cairo for coming five years.
Moreover, the Egyptian Minister will sign a USD 1.5bn deal with the Saudi Fund for Development (SFD) to raise “the development of the Sinai peninsula.”
Additionally, the global cooperation minister will also discuss a USD 119.83mn agreement from the SFD to fund to be implemented to the upgrading of Qasr El-Ainy hospital.
The Kingdom gave orders to increase its investments in Egypt to more than USD 8bn to secure Egypt’s petroleum demands for the following five years.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
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
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