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Egypt In International Media
Yara Sameh Published in Albawaba on 14 - 12 - 2015


Gulf Today
EBRD arranges syndicated loan for Egypt's oil services firm
For the first time in the southern and eastern Mediterranean (SEMED) region the European Bank for Reconstruction and Development (EBRD) led and arranged a syndicated loan, consisting of a loan facility of up to $170 million to Advanced Energy Systems SAE (ADES), an independent Egyptian oil services company.
As part of the facility the EBRD is extending $28 million to ADES, supporting a company that applies the best environmental, health and safety (EHS) standards in the local oil and gas industry.
Read more: http://gulftoday.ae/portal/0a97305e-329a-4070-9351-68ec3aec3cbb.aspx
Reuters
Egypt seeks to drum up Gulf investments
Egyptian Prime Minister Sherif Ismail will meet Saudi officials and investors this week in a bid to drum up more investment as Egypt seeks to revive an economy suffering from a foreign currency shortage.
The talks follow a visit by Ismail and several ministers to Saudi Arabia earlier this month to present potential projects and push forward pledges made at an international investment conference in Sharm al-Sheikh in March.
Read more: https://www.zawya.com/story/Egypt_seeks_to_drum_up_Gulf_investments-TR20151213nL8N1420C3X2/

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