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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
17 Sep 2025
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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