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FINANCIAL NEWS
ICF will invest USD 25mn in Egypt’s Carbon Holdings
31 May 2016
(MENAFN) The Intl’ Finance Corporation (IFC) will invest USD 25mn in Carbon Holdings Limited, an Egyptian downstream petrochemical producer.
Moreover, the Co. will support regional entrepreneurs and increase their access to capital, enhancing investors’ confidence and driving much needed growth in Egypt.
Meanwhile, the country depends on importing petrochemical products, despite having the raw materials needed to turn the country into an exporter.
In addition, the IFC invested USD 1.2bn in Egypt, between 2011 and 2015, which covered 18 projects in many sectors, including financial markets and health care.
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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