{"id":637377,"date":"2017-11-14T04:08:32","date_gmt":"2017-11-14T04:08:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/"},"modified":"2017-11-14T04:08:32","modified_gmt":"2017-11-14T04:08:32","slug":"nib-sues-ertu-over-egp-886-mn-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/","title":{"rendered":"NIB sues ERTU over EGP 886 mn loan"},"content":{"rendered":"

The National Investment Bank (NIB) filed a lawsuit against the Egyptian Radio and Television Union (ERTU) in a Cairo Economic Court for the latter to repay a EGP 886 mn loan and additional penalties of 16% of the loan, Al Borsa reports<\/a>. Complications from this dispute may have played a hand in blocking NIB\u2019s acquisition<\/a> of a 40% stake in the Egyptian Satellite Company (Nilesat).<\/p>\n","protected":false},"excerpt":{"rendered":"

The National Investment Bank (NIB) filed a lawsuit against the Egyptian Radio and Television Union (ERTU) in a Cairo Economic Court for the latter to repay a EGP 886 mn loan and additional penalties of 16% of the loan, Al Borsa reports. Complications from this dispute may have played a hand in blocking NIB\u2019s acquisition […]<\/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":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637377","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"eecf4872-19dd-438d-b286-dcbb492232e6","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[637338],"teaser":"","voice_url":""},"yoast_head":"\nNIB sues ERTU over EGP 886 mn loan - 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\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NIB sues ERTU over EGP 886 mn loan\" \/>\n<meta property=\"og:description\" content=\"The National Investment Bank (NIB) filed a lawsuit against the Egyptian Radio and Television Union (ERTU) in a Cairo Economic Court for the latter to repay a EGP 886 mn loan and additional penalties of 16% of the loan, Al Borsa reports. Complications from this dispute may have played a hand in blocking NIB\u2019s acquisition […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-14T04:08:32+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NIB sues ERTU over EGP 886 mn loan\",\"datePublished\":\"2017-11-14T04:08:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/\"},\"wordCount\":70,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/\",\"name\":\"NIB sues ERTU over EGP 886 mn loan - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-11-14T04:08:32+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NIB sues ERTU over EGP 886 mn loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"NIB sues ERTU over EGP 886 mn loan - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/","og_locale":"en_US","og_type":"article","og_title":"NIB sues ERTU over EGP 886 mn loan","og_description":"The National Investment Bank (NIB) filed a lawsuit against the Egyptian Radio and Television Union (ERTU) in a Cairo Economic Court for the latter to repay a EGP 886 mn loan and additional penalties of 16% of the loan, Al Borsa reports. Complications from this dispute may have played a hand in blocking NIB\u2019s acquisition […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-11-14T04:08:32+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"NIB sues ERTU over EGP 886 mn loan","datePublished":"2017-11-14T04:08:32+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/"},"wordCount":70,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","Other Business News of Note"],"articleSection":["Other Business News of Note"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/","name":"NIB sues ERTU over EGP 886 mn loan - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-11-14T04:08:32+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/nib-sues-ertu-over-egp-886-mn-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"NIB sues ERTU over EGP 886 mn loan"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":635599,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/court-rules-ertu-must-repay-nib-for-egp-886-mn-loan\/","url_meta":{"origin":637377,"position":0},"title":"Court rules ERTU must repay NIB for EGP 886 mn loan","author":"enterpriseam admin","date":"7 December 2017","format":false,"excerpt":"The Cairo Economic Court issued a ruling last week compelling the state-owned Egyptian Radio and Television Union (ERTU) to repay an EGP 886 mn loan from the National Investment Bank, judicial sources tell Al Borsa. The court granted the ERTU a grace period that expires at the beginning of January\u2026","rel":"","context":"In "Other Business News of Note"","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":645787,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/national-media-authority-objects-to-nibs-purchase-of-nilesat\/","url_meta":{"origin":637377,"position":1},"title":"National Media Authority objects to NIB\u2019s purchase of Nilesat","author":"enterpriseam admin","date":"30 July 2017","format":false,"excerpt":"The National Media Authority objected to the government-owned National Investment Bank\u2019s (NIB) offer to acquire a 40.06% stake in the Egyptian Satellite Company (Nilesat), as NIB is indebted to the Egyptian Radio and Television Union, authority head Hussein Zein tells Al Masry Al Youm. NIB\u2019s debts have reached EGP 28\u2026","rel":"","context":"In "Other Business News of Note"","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":642913,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/24\/nib-sells-459395-shares-in-adib-egypt-for-egp-4-8-mn\/","url_meta":{"origin":637377,"position":2},"title":"NIB sells 459,395 shares in ADIB Egypt for EGP 4.8 mn","author":"enterpriseam admin","date":"24 August 2017","format":false,"excerpt":"The National Investment Bank (NIB) sold 459,395 shares in Abu Dhabi Islamic Bank (ADIB) Egypt for EGP 4.8 mn, according to an EGX filing (pdf). This brings the state-owned investment bank\u2019s ownership in ADIB to 10.497% from 10.726%. Cairo Capital Securities brokered the transaction.","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":571576,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/misr-italia-receives-egp-650-mn-loan-for-new-cairo-business-park\/","url_meta":{"origin":637377,"position":3},"title":"Misr Italia receives EGP 650 mn loan for New Cairo business park","author":"enterpriseam admin","date":"17 May 2020","format":false,"excerpt":"Misr Italia for Urban Development has received a EGP 650 mn joint loan from the National Bank of Egypt (NBE), the Egyptian Gulf Bank and the Arab Investment Bank (AIB) to finance the construction of Cairo Business Park in New Cairo, according to Al Shorouk. The project will see the\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":573693,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/faragalla-group-secures-egp-995-mn-syndicated-loan-from-egyptian-banks\/","url_meta":{"origin":637377,"position":4},"title":"Faragalla Group secures EGP 995 mn syndicated loan from Egyptian banks","author":"enterpriseam admin","date":"13 August 2020","format":false,"excerpt":"Faragalla Group has signed a EGP 995 mn syndicated loan agreement with CIB, the Arab African Bank, and the National Bank of Qatar, Al Mal reports, citing unnamed sources familiar with the matter. The agreement covers a little less than half the EGP 2.05 bn in loans the company is\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":596651,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/03\/kharafi-national-signs-egp-750-mn-syndicated-loan-with-four-egyptian-banks\/","url_meta":{"origin":637377,"position":5},"title":"Kharafi National signs EGP 750 mn syndicated loan with four Egyptian banks","author":"enterpriseam admin","date":"3 July 2019","format":false,"excerpt":"Pan-Arabian infrastructure contractor Kharafi National has signed a syndicated loan agreement with four local banks led by SAIB Bank to arrange a EGP 750 mn facility, the bank said, according to a local press report. The consortium also includes the Export Development Bank Of Egypt, the Industrial Development Bank, and\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637377","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=637377"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637377\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637338"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637377"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637377"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}