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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
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
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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