Siemens supplies Four Turbines to Egypt’s Attaka Power Plant
German industrial group Siemens will supply four turbines to add more than 650 megawatts to the generation capacity…
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East Delta Electricity Production Company
East Delta Electricity Company Studies 3 New Funding Bids
East Delta Electricity Production Company (EDEPCO) is holding next month its annual meeting to discuss three offers…
3 Banks Join Banque Misr to Finance EGP725mn for East Delta Electricty
Banque Misr has allied with National Bank of Egypt (NBE), Commercial International Bank(CIB), Qatar National Bank…
IDB Allocates EGP1.4 billion for Egypt’s West Damietta Power Plant
The Islamic Development Bank (IDB) contributes with EGP 1.4 billion to finance the upgrade project of West Damietta…
NBD Signs 1st Shari’a Compliant Syndicated Financing Deal At US$ 110 Mln
As part of its leading role in the Egyptian Islamic Banking Sector, the National Bank for Development (NBD)…
6 Banks Sign Loan Agreement With East Delta Electricity Production
The National Bank for Development (NBD), Banque Misr, Egyptian Gulf Bank, Al Baraka Islamic Bank of Egypt, Bank…
East Delta Electricity Signs EGP 1.6 Bln Loan Agreement Today
The East Delta Electricity Production Company has signed the agreement of the EGP 1.6 billion loan today with the…
National Bank For Development Defers Signing Islamic Loan Contract
The National Bank for Development (NBD) decided to delay the signing of the protocol of the first Islamic…
East Delta Electricity’s GM Approves EGP 1.6 Bln Loan Conditions
The East Delta Electricity Production Company’s general assembly approved to sign an agreement within the next days…
East Delta Electricity To Sign EGP 1.6 Bln Loan Agreement Next Week
The National Bank of Egypt (NBE), Banque Misr, Piraeus Bank Egypt, Industrial Development and Workers Bank of Egypt…
United Bank Signs First Two Islamic Finance Contracts
The United Bank of Egypt signed the first two sharia-compliant syndicated loan contracts, said Mohamed Ashmawy, the…
East Delta Electricity Co. To Hold GM For Islamic Syndicated Loan
The Board of Directors of the East Delta Electricity Production Company will meet next Monday to approve the…
Arrangers Of Suez Power Plant Loan To Sign Agreement Next Week
The National Bank of Egypt (NBE), Banque Misr, Piraeus Bank Egypt, Industrial Development and Worker Bank of Egypt…
Exclusive: Banks’ Contributions To East Delta Electricity Production Loan
The National Bank for Development (NBD) arranged the average-term syndicated loan amounting to EGP 620 million for…
Banque Misr Offers EGP 200 Mln To East Delta Electricity Company
Banque Misr approved to contribute EGP 200 million to the Islamic syndicated loan amounting to EGP 720 million (US$…
NBD: Three Banks To Contribute To East Delta Electricity Production Loan
Three banks have initially approved to cover from 70% to 75% of the Islamic finance amounting to US$ 120 million…
Banque Misr Contributes EGP400 Mln To Suez Power Plant Loan
Banque Misr has decided to contribute EGP 400 million to the EGP 1.4 billion loan arranged by the bank for the East…
NBE, Banque Misr Invite Banks To Contribute To Power Plant Loan
The National Bank of Egypt (NBE) and Banque Misr have started inviting banks to contribute to the long-term…
Exclusive: Banks’ Contributions To Suez Power Plant Loan
The banks, arranging the long-term syndicated loan for the East Delta Electricity Production Company (EDEPC), have…
Electricity Sector’s Borrowings Unshaken By Frequent Power Outages: Bankers
A number of banking experts affirmed that the frequent power outages, that affected negatively most sectors in…
NBE Arranged EGP 80 Bln Syndicated Loans Between 2008-2011
The National Bank of Egypt (NBE) arranged syndicated loans amounting to EGP 80 billion for the period from 2008 to…
East Delta Electricity Production Co. Receives 70% Of EGP 4.6 Bln Loan
Banks, arranging the EGP 4.6 billion loan for the East Delta Electricity Production Company, signed the contract…
NBE, Banque Misr Consider Offering EGP1.4 Bln For Suez Power Plant
The National Bank of Egypt (NBE) and Banque Misr study arranging a long-term syndicated loan worth EGP 1.4 billion…
NBE Start Disbursing EGP 600 Mln Loan To Electricity Transmission Co.
The National Bank of Egypt (NBE) signed a finance contract worth EGP 600 million with the Egyptian Electricity…
Faisal Islamic Bank Contributes With EGP 100 Mln To EDEPC Loan
Faisal Islamic Bank approved to contribute with EGP 100 million to the syndicated loan worth EGP 1.6 billion…
NBE, Piraeus To Offer Bridge Loan Worth EGP 150 Mln To EDEPC
The National Bank of Egypt (NBE) signed last week a contract on providing a bridge loan worth EGP 150 million for…
NBD Secures Banks’ Approvals Over Contribution To East Delta Loan
Al Baraka Bank, Faisal Islamic Bank, United Bank, Bank Audi and Banque Misr are among 10 banks that approved to…
NBE Mulls Bridge Loan of EGP 150 For EDEPC
The National Bank of Egypt (NBE) studies a proposal submitted by East Delta Electricity Production Company (EDEPC),…
NBE Offers EGP 491 Mln Fund For West Damietta Plant
National Bank of Egypt signed last week the final loan syndication agreement lending East Delta Electricity…
11 Banks Give EGP 491 Million Loan To West Damietta Plant
National Bank of Egypt will sign an EGP 491 million joint loan contract next week with East Delta Electricity…