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FINANCIAL NEWS
France to grant USD 75.5mn for Egyptian households
29 May 2016
(MENAFN) A USD 75.5mn grant from the French Development Agency (AFD) was confirmed by the cabinet in order to finance a mega-project in Egypt.
Furthermore, the project plans to expand access to natural gas to 2.4mn Egyptian households, concentrating on the lacking areas in different governorates.
Meanwhile, more than 75 percent of Egyptian households relay on liquefied petroleum gas, to supply their energy needs.
In addition, France confirmed a loan of USD 67.7mn to be financed by the AFD in order to fund the building of a local control center in the Nile Delta’s Daqahleya governorate.
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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