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FINANCIAL NEWS
Egypt to pay USD1.5b oil debt by the end of 2014
28 Jun 2014
(MENAFN) The Egyptian oil minister said that his country is to pay USD1.5 billion worth of debt to foreign energy companies by the end of this year, The Peninsula Qatar reported.
The latest government figures showed that Egypt’s debts to foreign oil firms operating reached USD5.7 billion, while some ministers stress that debt is rising even though the government pays off some of it now.
The government has promised to pay companies including BG Group BG.L and BP $3bn by the end of 2017 as it tries to lure back investors to tap its reserves and boost production to meet soaring demand.
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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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
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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