Global banks to compete for Egyptian GPC loan deal
Cairo - Mohamed Salah
Egypt’s General Petroleum Corporation (GPC) has confirmed it has been offered a loan in the region of $2 billion by national and international banks. The authority needs financial support to pay off debts accumulated in overseas operations, and to carry out further development projects in the field. Officials have told Arabstoday that two alliance groups led by American investment banks combined with a number of Egyptian banks have approached the oil company. In 2010, number of international banks and 22 Egyptian banks were involved in the bidding process to give GPC a $2bn loan.
GMT 05:55 2018 Tuesday ,23 January
US tax reforms send UBS profits plungingGMT 13:12 2018 Sunday ,21 January
CBB signs memorandum of understanding with DFSAGMT 04:49 2018 Saturday ,20 January
HSBC in $100 million forex fraud settlementGMT 14:14 2018 Wednesday ,17 January
Strong euro 'source of uncertainty' for ECBGMT 17:00 2018 Tuesday ,16 January
IMF 'concerned' by Kiev's plan for anti-corruption courtGMT 19:29 2018 Monday ,15 January
Central Bank issues commemorative coin for Dh189GMT 06:05 2018 Sunday ,14 January
Bitcoin shouldn't become the new Swiss bank accountGMT 21:23 2018 Wednesday ,10 January
BCCI elections committee holds second meeting
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 11:03 2018 Tuesday ,23 January
No end to eyesores at Taj Mahal
GMT 10:18 2018 Thursday ,30 August
Iran incapable of closing Hormuz, Bab Al MandebGMT 10:21 2013 Tuesday ,07 May
South Sudan denies links with rebels attack in Sudan
GMT 07:54 2017 Monday ,14 August
Hanan Metawea happy for success of “This Night”
GMT 09:31 2016 Friday ,25 November
100,000 passengers hit on third day of Lufthansa strikeGMT 03:10 2013 Sunday ,12 May
Sharif poised to form next Pakistan government
GMT 08:50 2017 Tuesday ,31 October
A fresh Syria talks open round of peace in Astana
GMT 13:52 2017 Thursday ,26 October
Bots just getting smarter
GMT 18:41 2017 Tuesday ,02 May
Oman takes part in Unesco meeting in Paris
GMT 07:21 2017 Thursday ,09 March
A focus on female filmmakers at WOW Film Fair Middle East
GMT 08:32 2016 Tuesday ,02 February
US declares E. coli outbreak over at Chipotle restaurants
GMT 06:50 2017 Friday ,22 December
EU approves Lufthansa buyout
GMT 07:24 2017 Thursday ,21 December
Libya in grip of chaos two years after unity deal
GMT 18:12 2017 Friday ,10 February
Climate change adds to pressures on endangered African penguins
GMT 12:12 2017 Tuesday ,07 February
BMW to showcase latest models at Geneva show
GMT 02:50 2017 Wednesday ,22 March
Region’s first Genghis Grill opens in Abu Dhabi
GMT 18:59 2017 Thursday ,23 November
Ghantoot to celebrate UAE National Day with day long festivities
GMT 22:45 2017 Friday ,20 October
Visitors get a glimpse of Expo 2020
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor