{"id":628289,"date":"2018-06-28T03:53:21","date_gmt":"2018-06-28T03:53:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/sca-denies-seeking-eur-300-mn-from-gulf-banks-to-finance-dredger-purchase\/"},"modified":"2018-06-28T03:53:21","modified_gmt":"2018-06-28T03:53:21","slug":"sca-denies-seeking-eur-300-mn-from-gulf-banks-to-finance-dredger-purchase","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/sca-denies-seeking-eur-300-mn-from-gulf-banks-to-finance-dredger-purchase\/","title":{"rendered":"SCA denies seeking EUR 300 mn from Gulf banks to finance dredger purchase"},"content":{"rendered":"

The Suez Canal Authority (SCA) denied reports that it\u2019s looking for a EUR 300 mn loan from the Gulf to purchase two dredgers, SCA spokesperson Tarek Hassanein said yesterday, Ahram Online reports<\/a>. We noted a Reuters report yesterday<\/a> claiming that the SCA was in talks with Gulf banks for a loan to finance its agreement with Dutch Royal IHC<\/a> for the dredgers. 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Suez Canal Authority (SCA) denied reports that it\u2019s looking for a EUR 300 mn loan from the Gulf to purchase two dredgers, SCA spokesperson Tarek Hassanein said yesterday, Ahram Online reports. We noted a Reuters report yesterday claiming that the SCA was in talks with Gulf banks for a loan to finance its agreement […]<\/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-628289","post","type-post","status-publish","format-standard","hentry","category-infrastructure","tag-enterpriseam","tag-infrastructure","wpautop","entry"],"acf":{"mongo_id":"3197c7b3-e637-4e02-a092-888dd3bc8ab2","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"SCA denies seeking EUR 300 mn from Gulf banks to finance dredger purchase","related_issue":[628252],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.f5dd36ea-fff8-4c30-9b7a-fb9899f704d6.mp3"},"yoast_head":"\nSCA denies seeking EUR 300 mn from Gulf banks 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\/28\/sca-denies-seeking-eur-300-mn-from-gulf-banks-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 denies seeking EUR 300 mn from Gulf banks to finance dredger purchase\" \/>\n<meta property=\"og:description\" content=\"The Suez Canal Authority (SCA) denied reports that it\u2019s looking for a EUR 300 mn loan from the Gulf to purchase two dredgers, SCA spokesperson Tarek Hassanein said yesterday, Ahram Online reports. 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A consortium made up of CIB, the National Bank of Egypt, Banque Misr,\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":638582,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/09\/sca-in-the-market-for-eur-300-mn-loan-to-finance-dredger-purchase\/","url_meta":{"origin":628289,"position":1},"title":"SCA in the market for EUR 300 mn loan to finance dredger purchase","author":"enterpriseam admin","date":"9 October 2017","format":false,"excerpt":"The Suez Canal Authority (SCA) has asked Banque Misr and National Bank of Egypt for a EUR 300 loan to buy two new dredgers, sources tell Reuters. The banks are now preparing the terms of the agreement, they noted. 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":628289,"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":628289,"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. 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