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FINANCIAL NEWS
Kuwait signs USD 108mn loan for Egypt’s Helwan Project
16 Mar 2016
(MENAFN) Egypt has signed almost USD 108mn loan with the Kuwait Fund for Arab Economic Development (KFAED), which is the second loan signed between them.
Moreover, the loan was signed to help finance Egypt’s South Helwan Power Project worth USD 1.7bn.
Accordingly, the Kuwaiti loan is of 2.5 percent interest per year, while the project will add almost 1,950 megawatts to Egypt’s national grid.
In addition, the volume of collaboration portfolio between the two sides reached USD 2.6bn, around 41 projects in many economic and social sectors.
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BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
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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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