{"id":594664,"date":"2019-09-03T04:07:57","date_gmt":"2019-09-03T04:07:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/cihc-to-give-el-nasr-steam-boilers-land-to-oil-ministry-for-debt-repayment\/"},"modified":"2019-09-03T04:07:57","modified_gmt":"2019-09-03T04:07:57","slug":"cihc-to-give-el-nasr-steam-boilers-land-to-oil-ministry-for-debt-repayment","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/cihc-to-give-el-nasr-steam-boilers-land-to-oil-ministry-for-debt-repayment\/","title":{"rendered":"CIHC to give El Nasr Steam Boilers\u2019 land to Oil Ministry for debt repayment"},"content":{"rendered":"<p>The Chemicals Industries Holding Company (CIHC) will give the land at the center of the recently settled Al Kholoud dispute to the Oil Ministry to settle part of its debts, CIHC\u2019s Vice Chairman Walid El Rasheed <a href=\"https:\/\/alborsaanews.com\/2019\/09\/02\/1239952\">told the local press<\/a>. The status of the land <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/01\/egypt-signs-dispute-settlement-agreement-on-el-nasr-for-steam-boilers-with-al-kholoud\/\">was settled last week<\/a> when Al Kholoud agreed to drop its claim to the 29-feddan land plot used by El Nasr for Steam Boilers. The land is valued at EGP 624 mn and the company owes around EGP 3.4 bn to the ministry, El Rasheed said. CIHC plans to repay EGP 2 bn of its debts in the coming months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Chemicals Industries Holding Company (CIHC) will give the land at the center of the recently settled Al Kholoud dispute to the Oil Ministry to settle part of its debts, CIHC\u2019s Vice Chairman Walid El Rasheed told the local press. The status of the land was settled last week when Al Kholoud agreed to drop [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9315],"tags":[2219,7106,72,371,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594664","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-chemical-industries-holding-company","tag-debt","tag-enterpriseam","tag-oil-ministry","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"f7c6c37f-edf9-4697-b5b9-a3fca5c7f9e8","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[594633],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CIHC to give El Nasr Steam Boilers\u2019 land to Oil Ministry for debt repayment - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/cihc-to-give-el-nasr-steam-boilers-land-to-oil-ministry-for-debt-repayment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIHC to give El Nasr Steam Boilers\u2019 land to Oil Ministry for debt repayment\" \/>\n<meta property=\"og:description\" content=\"The Chemicals Industries Holding Company (CIHC) will give the land at the center of the recently settled Al Kholoud dispute to the Oil Ministry to settle part of its debts, CIHC\u2019s Vice Chairman Walid El Rasheed told the local press. 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The government will pay the money to other government entities to which Al Kholoud\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594540,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/egypt-signs-dispute-settlement-agreement-on-el-nasr-for-steam-boilers-with-al-kholoud\/","url_meta":{"origin":594664,"position":1},"title":"Egypt signs dispute settlement agreement on El Nasr for Steam Boilers with Al Kholoud","author":"enterpriseam admin","date":"1 September 2019","format":false,"excerpt":"DISPUTE WATCH- Gov\u2019t signs dispute settlement agreement with Al Kholoud on El Nasr for Steam Boilers: The government has signed a dispute settlement agreement with Al Kholoud for Touristic and Real Estate over land used by El Nasr for Steam Boilers, Al Mal reports. The Madbouly Cabinet signed off in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596918,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/11\/madbouly-cabinet-signs-off-on-el-nasr-emaar-settlement\/","url_meta":{"origin":594664,"position":2},"title":"Madbouly Cabinet signs off on El Nasr, Emaar settlement","author":"enterpriseam admin","date":"11 July 2019","format":false,"excerpt":"DISPUTE WATCH- Madbouly Cabinet signs off on El Nasr, Emaar settlement: The Madbouly Cabinet has signed off on the settlement agreement between property developers Emaar Misr and state-owned El Nasr Housing, according to a cabinet statement. El Nasr brought an arbitration case against the local subsidiary of UAE-based Emaar in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2993.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594058,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/egypts-chemical-industries-co-eyes-usd-500-mn-suez-fertilizers-plant\/","url_meta":{"origin":594664,"position":3},"title":"Egypt\u2019s Chemical Industries Co. eyes USD 500 mn Suez fertilizers plant","author":"enterpriseam admin","date":"17 October 2019","format":false,"excerpt":"The Chemical Industries Holding Company (CIHC) is looking into setting up a new USD 500 mn fertilizers plant in Suez through a joint venture with an unnamed private company, Deputy Chairman Walid El Rasheed told Youm7. No further details were provided. We had previously noted that CIHC had been considering\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621501,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/11\/al-kholoud-reaches-egp-600-mn-settlement-agreement-with-egypt-over-steam-boilers-case\/","url_meta":{"origin":594664,"position":4},"title":"Al Kholoud reaches EGP 600 mn settlement agreement with Egypt over steam boilers case","author":"enterpriseam admin","date":"11 November 2018","format":false,"excerpt":"Government reaches settlement in dispute arising from 2011 unwinding of privatization sale: Al Kholoud for Touristic and Real Estate Development has reached a EGP 600 mn settlement agreement with the government in its 2013 arbitration case against the Egyptian Petrochemical Holding Company and Metallurgical Holding Company. 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