{"id":628200,"date":"2018-06-27T04:15:30","date_gmt":"2018-06-27T04:15:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/sca-in-talks-with-unnamed-gulf-banks-for-eur-300-mn-to-finance-dredger-purchase\/"},"modified":"2018-06-27T04:15:30","modified_gmt":"2018-06-27T04:15:30","slug":"sca-in-talks-with-unnamed-gulf-banks-for-eur-300-mn-to-finance-dredger-purchase","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/sca-in-talks-with-unnamed-gulf-banks-for-eur-300-mn-to-finance-dredger-purchase\/","title":{"rendered":"SCA in talks with unnamed Gulf banks for EUR 300 mn to finance dredger purchase"},"content":{"rendered":"

The Suez Canal Authority (SCA) is in talks with unnamed Gulf banks for a EUR 300 mn loan to finance its agreement with Dutch Royal IHC<\/a> to purchase two dredgers, three separate sources tell Reuters\u2019 Arabic service<\/a>. A consortium made up of CIB, the National Bank of Egypt, Banque Misr, and the Arab African International Bank had offered to provide the SCA with the loan earlier this year<\/a>, but banking sources had said at the time that the SCA was likely to borrow from international institutions that offered better rates and repayment conditions. Separately, the SCA signed yesterday a cooperation protocol with Agility Kuwait to establish a logistics zone in the East Port Said Port, according to a statement<\/a>. Feasibility studies will take around eight months to complete.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Suez Canal Authority (SCA) is in talks with unnamed Gulf banks for a EUR 300 mn loan to finance its agreement with Dutch Royal IHC to purchase two dredgers, three separate sources tell Reuters\u2019 Arabic service. A consortium made up of CIB, the National Bank of Egypt, Banque Misr, and the Arab African International […]<\/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":[7278],"tags":[72,7111],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628200","post","type-post","status-publish","format-standard","hentry","category-infrastructure","tag-enterpriseam","tag-infrastructure","wpautop","entry"],"acf":{"mongo_id":"20716559-48bb-4b7b-960c-34f7cb6e4e47","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"SCA in talks with unnamed Gulf banks for EUR 300 mn to finance dredger purchase","related_issue":[628175],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.8bd2285e-58d2-4523-b20b-fb9ea7d3d622.mp3"},"yoast_head":"\nSCA in talks with unnamed Gulf banks for EUR 300 mn to finance dredger purchase - 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\/2018\/06\/27\/sca-in-talks-with-unnamed-gulf-banks-for-eur-300-mn-to-finance-dredger-purchase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SCA in talks with unnamed Gulf banks for EUR 300 mn to finance dredger purchase\" \/>\n<meta property=\"og:description\" content=\"The Suez Canal Authority (SCA) is in talks with unnamed Gulf banks for a EUR 300 mn loan to finance its agreement with Dutch Royal IHC to purchase two dredgers, three separate sources tell Reuters\u2019 Arabic service. 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SCA had signed a EUR 300 mn agreement with Dutch Royal\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634996,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/30\/bank-consortium-waiting-on-finance-ministry-to-lend-the-sca-c-usd-602-mn-sca-will-likely-look-abroad-for-financing-of-dredgers\/","url_meta":{"origin":628200,"position":2},"title":"Bank consortium waiting on Finance Ministry to lend the SCA c. USD 602 mn; SCA will likely look abroad for financing of dredgers","author":"enterpriseam admin","date":"30 January 2018","format":false,"excerpt":"A banking consortium is waiting on the Finance Ministry to issue a guarantee for a USD 602 mn loan for the Suez Canal Authority (SCA). The facility will finance several of the authority\u2019s planned construction projects, unnamed industry sources tell Al Shorouk. Consortium members include CIB, Banque Misr, NBE, AAIB,\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638458,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/sca-signs-eur-300-mn-agreement-with-royal-ihc-to-purchases-two-dredgers\/","url_meta":{"origin":628200,"position":3},"title":"SCA signs EUR 300 mn agreement with Royal IHC to purchases two dredgers","author":"enterpriseam admin","date":"4 October 2017","format":false,"excerpt":"Suez Canal Authority (SCA) chief Mohab Mamish signed yesterday a EUR 300 mn agreement with Dutch Royal IHC to purchase two dredgers for the Suez Canal fleet, Al Mal reports. The new dredgers will allow the authority to expand its base of operations to all ports in Egypt, Mamish said,\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625523,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/07\/sca-in-talks-with-unnamed-intl-petrochemical-company-over-usd-980-mn-project\/","url_meta":{"origin":628200,"position":4},"title":"SCA in talks with unnamed int\u2019l petrochemical company over USD 980 mn project","author":"enterpriseam admin","date":"7 August 2018","format":false,"excerpt":"The Suez Canal Authority (SCA) is in talks with an unnamed international petrochemicals company to establish a USD 980 mn refinery in the Suez Canal Economic Zone, SCA boss Mohab Mamish tells Amwal Al Ghad. The authority is also in talks with four unnamed Chinese companies to work on textile,\u2026","rel":"","context":"In "Manufacturing"","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":602025,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/17\/sca-in-talks-with-four-alliances-to-set-up-logistics-center-storage-station\/","url_meta":{"origin":628200,"position":5},"title":"SCA in talks with four alliances to set up logistics center, storage station","author":"enterpriseam admin","date":"17 March 2019","format":false,"excerpt":"The Suez Canal Authority (SCA) is in talks with four alliances (Groupe PSA, Mahoni, the Holding Company for Maritime and Land transport and Agility Logistics) to establish logistics centers and a storage station in East Port Said, the domestic press reported.","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=628200"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628200\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/628175"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=628200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=628200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=628200"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=628200"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=628200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}