Egypt steel producers increase prices by 5% on newly-adopted VAT
Egyptian steel producers have raised steel prices for the local market by 5 percent just after the government had…
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Egyptian Steel Group
Ahli United Bank secures EGP350 million for Egyptian Steel’s Loan
Ahli United Bank pumps EGP 350 million (US$45.8 million) in a loan arranged for one of Egyptian Steel Group’s…
Egypt’s Steel Tycoon Urges Exempting Capital Commodities from Sales Tax
Egypt’s steel tycoon Ahmed Abu Hashima - owner of the Egyptian Steel Group – has renewed demands to exempt capital…
Ahli United Contributes EGP400 million to National Port Said Steel’s Loan
Egypt's Ahli United Bank agreed to contribute around EGP 400 million to National Port Said Steel Company (NPSS)'s…
EALB Sets to Pump EGP150 mln in KIMA, Ethylene’s Loans
The Egyptian Arab Land Bank (EALB) has allocated EGP 150 million, seeking to pump certain portions in the Egyptian…
Banque Misr Says Egyptian Steel’s EGP1 bln Loan Deal Is Signed
Banque Misr, Bank Audi Egypt and Egyptian Arab Land Bank (EALB) have signed on Wednesday the definitive loan…
Egyptian Steel Group to Obtain Long-awaited Bride Loan This Week
Egyptian Steel Group, owned by the Egyptian businessman Ahmed Abu Hashima, is expected within this week to receive…
EALB Sole Contributor To Egyptian Steel Loan
Banque Misr and Bank Audi Egypt asked all Islamic banks and some of the conventional banks to contribute to the EGP…
SAIB Withdraws From Consortium Financing Egyptian Steel Group
Société Arabe Internationale de Banque (SAIB) withdrew from the consortium arranging EGP EGP 1.07 billion loan for…
Banque Misr Offers Egyptian Steel Group EGP 275 Mln Bridge Loan Next Week
Banque Misr will sign the definitive agreement of the EGP 275 million bridge loan offered to the Egyptian Steel…
Insurers Compete To Insure Egyptian Steel Group With EGP 1 Bln
Insurance companies in Egypt are competing to win a bid to insure the Egyptian Steel Group’s factory, sources said.…
National Port Said Steel To Secure EGP 1.1 Bln Loan From 4 Banks
The National Port Said Steel Company (NPSS) is seeking a long-term finance worth EGP 1.1 billion from a consortium…
Misr Iran Bank To Offer EGP 1 Bln Loans In 2013
Misr Iran Development Bank plans to increase loan portfolio to EGP 5 billion by the end of 2013, up from EGP 44…
5 Banks To Sign Finance Agreement With Egyptian Steel Group Next February
Société Arabe Internationale de Banque (SAIB), United Bank and Egyptian Arab Land Bank (EALB) have approved to…
Banque Misr Offers Egyptian Steel Group EGP 275 Mln Bridge Loan
Banque Misr has approved to provide Egyptian Steel Group, owned by the Egyptian businessman Ahmed Abu Hashima, a…
United Bank Mulls Contributing To Loans For Steel, Ethylene Factories
United Bank considers contributing with EGP 200 million to the loans being arranged in the current period for…
Audi, BM, SAIB To Provide EGP270 Mln Bridge Loan To Egyptian Steel
The three arrangers of the US$ 1.07 billion loan for the Egyptian Steel Group approved to offer a bridge loan…
Banque Du Caire Retreats From Contributing To Loan Offered To Egyptian Steel
Banque Du Caire withdrew its offer to contribute to the EGP 1.07 billion syndicated loan arranged for the Egyptian…
EALB Contributes EGP 150 Mn To Finance For Egyptian Steel Group
The Egyptian Arab Land Bank (EALB) approved contributing to the first Islamic syndicated loan arranged by Banque…
Misr Iran Won’t Contribute To Financing Egyptian Steel Factory
Misr Iran Development Bank withdrew its offer of contributing to the EGP 1.07 billion loan arranged for the…
11 Banks Show Willingness To Finance Steel Company
About eleven banks have given initial approvals to contribute up to 150% to the Islamic syndicated loan amounting…
Loan Arrangers Invite Banks To Contribute To Egyptian Steel Finance Tomorrow
Banque Misr and Bank Audi will start tomorrow inviting Islamic banks and commercial banks with Islamic banking…
Gulf Banks Not To Finance Egyptian Steel Company On Qatari Partnership
Some of the Gulf banks retreated from contributing to the sharia-compliant syndicated loan amounting to EGP 1.07…
Eight Banks Approved Contributing EGP1.2 Bln To Abu Hashima Loan
Eight banks approved initially to contribute with up to EGP 1.2 billion to the syndicated loan worth EGP 1.07…