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FINANCIAL NEWS
GE signs USD500 m deal with Carbon Holdings
19 Nov 2013
(MENAFN) GE has signed a USD500-million deal with Carbon Holdings to provide technology to the Greenfield naphtha cracker and olefins complex project of Tahrir Petrochemicals in Egypt, according to Arab News.
GE will manage providing equity financing and advanced technologies to the petrochemicals project.
“Egypt is focused on providing a strong and business-friendly environment for investors. In addition to facilitating easy procedures that promote industrial investment, we are also committed to bring advanced technological partnerships that can benefit our youth and all-round economic growth,” said Mounir Fakhry Abdel-Nour, minister of industry and foreign trade.
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As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
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