Egypt’s Qalaa Holdings revenues hit EGP 8 billion in Q1
Egypt’s Qalaa Holdings, one of the country’s largest investment companies, reported on Sunday a 23 percent…
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Egyptian Refining Company
Egypt’s Qalaa Holdings revenues jump 148% in 2020
Egypt’s Qalaa Holdings, one of the country’s largest investment companies, reported on Monday a 148 percent…
Egyptian Refining Company unlocks industrial potential and uplifts communities
Employees at Egyptian Refining Company (ERC) reflect on the path that led him to achieve his professional and…
Egyptian Qalaa Holdings’ shares plunge on diluted refinery stake
Shares in Qalaa Holdings, one of the largest investment companies in Egypt, dropped by nearly 10 percent on…
Arabian Cement, Egyptian Refining sign petcoke to reduce production costs
Arabian Cement Co., the Egyptian Refining Company (ERC) signed an agreement on annual supply of petroleum coke…
Egypt’s Qalaa Holdings seen revenues surpassing $5.25 bln next year
Egyptian investment company Qalaa Holdings is expecting revenues to exceed 90 billion Egyptian pounds ($5.25…
Qalaa completes ‘92 percent’ of works on Egypt’s largest oil refinery
Egypt’s Qalaa Holdings has completed 92 percent of the works in the Egyptian Refining Company’s (ERC) anticipated…
Qalaa: ERC’s refinery will save Egypt $1.8 billion annually
The Egyptian Refining Company’s (ERC), anticipated oil refinery project will save Egypt between $1.5 billion and…
Qalaa: Egypt’s $3.7bn largest refinery project is in ‘final stage’
The Egyptian Refining Company (ERC), a subsidiary of one of Egypt's largest investment companies Qalaa Holdings, is…
Citadel’s Heikal Bullish on Egypt’s Return to Growth
Citadel Capital’s Founder and Chairman Ahmed Heikal said in a key note interview at the Egypt/GCC Investment Forum…
Citadel’s ERC Receives Renewal of Government of Egypt Comfort Letter
Egyptian Refining Company (ERC), a core platform company of Citadel Capital (CCAP.CA), the leading investment…
Banque Du Caire Reissues US$ 40 Mln L/C for Citadel’s ERC
For the second year in a row, Banque Du Caire agreed last May to issue US$ 40 million Letter of Credit for the…
Citadels’ ERC Named Oil & Gas Deal Of The Year
Egyptian Refining Company, one of the largest oil and gas projects in Egypt and the region, stands as an example of…
Ahmed Heikal: Triple Combo Will be Key to Accelerating Economic Growth
Amidst the many challenges that Egypt currently faces, the ‘triple combo’ of Development Finance Institutions,…
Citadel Capital Shares Innovative Solutions For Energy Project Financing In Africa, Middle…
At a major regional energy conference, the leading investment company in Africa and the Middle East highlights the…
Citadel Capital’s Q3 Total Investments Under Control Hit $9.5 Bln
Citadel Capital (CCAP.CA), the leading private equity firm in the Middle East and Africa, announced Sunday its…
Citadel, QInvest, Qatari Investors Form JV To Import, Regasify LNG In Egypt
Leading private equity firm to form joint venture with QInvest and other Qatari investors to bring much-needed…
Citadel’s ERC Project Adds $300 Mln Direct Benefits To State Annually: CEO
In a keynote speech delivered at SuperReturn Middle East 2012, Citadel Capital (CCAP.CA) Co-Founder and Managing…
Citadel Capital Again Tops African Private Equity League Table, Wins Multiple Awards
Citadel Capital (CCAP.CA on the Egyptian Exchange), the leading private equity firm in Africa and the Middle East,…
Citadel Capital Narrows Consolidated Losses 3% H1, Reports Healthy Progress In Q2
Citadel Capital (CCAP.CA), the leading private equity firm in the Middle East and Africa, has managed to narrow its…
Citadel’s Golden Crescent, Sea Dragon Agree to Terminate Sale of NPC Egypt
Citadel Capital, (CCAP.CA), the leading private equity firm in the Middle East and Africa with US$ 9.5 billion in…
Citadel Capital’s Wafra Operation Loss Hits EGP 3.6 Mln; Q1/2012
Ahmed Heikal, Citadel Capital Chairman and Founder, said the company has increased its stakes in Wafra, the firm’s…
Citadel Capital Investments Under Control 8% Up in Q1/2012
Citadel Capital (CCAP.CA), the leading private equity firm in the Middle East and Africa, announced Sunday its…
CIB Contributes With US$ 60 Mln in ERC’s Letters of Guarantee
Commercial International Bank (CIB) approved to contribute in financing the issuing of letters of credit and…
Banks Retreat From Financing US$ 300 Mln LG For ERC
The Egyptian Refining Company (ERC) seems to face financial problems after banks has retreated from financing the…
EFG-Hermes Raises $462 Mln For Citadel Capital’s ERC Finance
In One of Arab World’s Largest Equity Raisings Since Start of 2011, EFG Hermes Investment Banking (HRHO.CA)…
Banque Du Caire Issues EGP 240 Mln Letters Of Credit To ERC
Banque Du Caire has signed, last Thursday, a contract with the Egyptian Refining Company (ERC), a subsidiary of…
ERC Concludes Negotiations Over US$ 300 Mln Letters Of Credit Next Week
Egyptian Refining Company (ERC), subsidiary of Citadel Capital Company, will conclude the negotiations by next week…
CIB Injects US$ 48 Mln In Egyptian Refining Company’s Loan
Six international financial institutions arranging the US$ 2.6 billion loan for Egyptian Refining Company, owned by…
CIB Studies Loan Offered To Egyptian Refining Company
Commercial International Bank (CIB) studies participating in letters of credit (LC) and letters of guarantee (LG)…
BM Studies EGP 210 mln Loan For Orascom Construction
Banque Misr studies participating in the US$ 300 million loan for Orascom Construction Industries with US$ 35…
Banque Misr Studies Guarateeing Egyptian Refining By US$ 130 mln
Banque Misr is currently studying the possibility of participating with US$ 130 mln in letters of guarantee (LG)…
Exclusive: International Institutions Shares In Citadel Capital US$ 2.6 Bln Loan
Egyptian Refining Company, a subsidiary of Citadel for Financial consultations, is receiving the first tranche of…
Egyptian Refining Negotiates With 7 Banks Over US$ 300 mln
Egyptian Refining Company (ERC), a subsidiary of Citadel Capital, is negotiating with Egyptian banks over opening…