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FINANCIAL NEWS
Infinity Solar, EETC sign deal to purchase renewable energy in Egypt
23 Oct 2016
(MENAFN) Infinity Solar and the Egyptian Elect Transmission Co. (EETC) signed a deal in order to purchase the former’s renewable energy.
Accordingly, the firm confirmed with the German bank LP to finance the foreign funding for the solar power plant by 85 percent of the whole cost.
Additionally, the project will cost up to EGP150mn, while the German component amounts to 70 percent, in addition to the insurance firm.
Infinity Solar has been able to achieve all the conditions and regulations of the first phase of the FIT projects set by the Ministry of Elect.
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BBK discloses its financial results for the half year ended 30th June 2025
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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