Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt to receive $3.5m upfront on Dec. 30 from Qatar's Alam El-Roum Project    Egyptian pound gains slightly against dollar in early Tuesday trade    Egypt, Greece weigh joint gas infrastructure projects to bolster energy links with Europe    Edita Food Industries Posts Record-Breaking 3Q2025 Results with 40% Surge in Revenue    LLC vs Sole Establishment in Dubai: Which is right for you?    French court grants early release to former President Nicolas Sarkozy    Egypt releases 2023 State of Environment Report    Madbouly seeks stronger Gulf investment ties to advance Egypt's economic growth    Egypt's Al-Sisi, Russian security chief discuss Gaza, Ukraine and bilateral ties    Lebanese president says negotiations are only way forward with Israel    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Egypt's private medical insurance tops EGP 13b amid regulatory reforms – EHA chair    Egypt, US's Merit explore local production of medical supplies, export expansion    400 children with disabilities take part in 'Their Right to Joy' marathon    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt, Albania discuss expanding healthcare cooperation    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Etisalat Egypt receives $120m Bank of Abu Dhabi and HSBC loan
Mohamed Alaa Eldin Published in Daily News Egypt on 15 - 02 - 2015

Etisalat Egypt has signed an agreement with the National Bank of Abu Dhabi (NBAD) and HSBC for a $120m loan, $60m from each bank, to be repaid within three years.
Engineer Said El-Hamly, Executive Director of Etisalat Egypt, said the cooperation with the two banks comes along with the company's strategy to keep pace with communications technology developments. He added that the loan comes as part of diversifying funding sources to build the company's strategic status, and fund future growth to increase competitiveness.
Etisalat Egypt has repaid the last portion of the $300m loan it received from several banks in 2010 through premiums. The loan was fully repaid in 2014.
The telecommunications company has offered its services in the local market since 2007, after receiving a licence to provide mobile services as Egypt's third service provider. The number of Etisalat Egypt customers currently stands at 22.1 million, out of 95.2 million users in the local mobile market.

Clic here to read the story from its source.