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FINANCIAL NEWS
Egypt’s EETC inks USD757m loan deal with Bank of China
08 Nov 2016
(MENAFN) The Egyptian Elect Transmission Co. (EETC) has signed USD757mn loan deal with the Export-Import Bank of China to finance the establishment of 1.210 km-long elect lines.
Accordingly, Chinese State Grid has started the installation of the lines in many locations and obtained the advance in the contract.
Moreover, the Chinese firm is handling the implementation of the project, which includes establishing the project, its design as well as the collection of funds from banks.
The Ministry of Elect and Renewable Energy has allocated EGP11.4bn to support the unified grid for elect transmission to cope with the anticipated overload in summer 2017.
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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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