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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’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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