{"id":645839,"date":"2017-07-31T03:53:57","date_gmt":"2017-07-31T03:53:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/damietta-furniture-city-company-in-talks-with-cib-and-qnb-for-egp-800-mn-loan\/"},"modified":"2017-07-31T03:53:57","modified_gmt":"2017-07-31T03:53:57","slug":"damietta-furniture-city-company-in-talks-with-cib-and-qnb-for-egp-800-mn-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/damietta-furniture-city-company-in-talks-with-cib-and-qnb-for-egp-800-mn-loan\/","title":{"rendered":"Damietta Furniture City Company in talks with CIB and QNB for EGP 800 mn loan"},"content":{"rendered":"

Damietta Furniture City Company \u2014 which operates the Damietta Furniture City complex \u2014 is in negotiations with CIB and QNB for an EGP 800 mn loan, Al Borsa reports<\/a>. Company CEO Moataz Bahaa El Din expects the two banks to agree to the financing within a week.<\/p>\n","protected":false},"excerpt":{"rendered":"

Damietta Furniture City Company \u2014 which operates the Damietta Furniture City complex \u2014 is in negotiations with CIB and QNB for an EGP 800 mn loan, Al Borsa reports. Company CEO Moataz Bahaa El Din expects the two banks to agree to the financing within a week.<\/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":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645839","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"6f9888e4-7c44-44a5-8441-7c082bf4e142","order":"0","is_powered_by":true,"section_story_id":"ab1b2317-9799-4bca-8027-868467b2e1ae","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645802],"teaser":"","voice_url":""},"yoast_head":"\nDamietta Furniture City Company in talks with CIB and QNB for EGP 800 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\/07\/31\/damietta-furniture-city-company-in-talks-with-cib-and-qnb-for-egp-800-mn-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Damietta Furniture City Company in talks with CIB and QNB for EGP 800 mn loan\" \/>\n<meta property=\"og:description\" content=\"Damietta Furniture City Company \u2014 which operates the Damietta Furniture City complex \u2014 is in negotiations with CIB and QNB for an EGP 800 mn loan, Al Borsa reports. 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The group is reportedly speaking with CIB and QNB Al Ahli.","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":571376,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/banque-misr-to-arrange-loan-worth-up-to-egp-1-6-mn-to-damietta-furniture-city\/","url_meta":{"origin":645839,"position":1},"title":"Banque Misr to arrange loan worth up to EGP 1.6 mn to Damietta Furniture City","author":"enterpriseam admin","date":"10 May 2020","format":false,"excerpt":"Banque Misr will arrange a EGP 1.4-1.6 bn syndicated loan to Damietta Furniture City to help increase production and exports, Masrawy reports, citing unnamed banking sources. The National Bank of Egypt, the Egyptian Arab Land Bank, and the Export Development Bank are in talks to participate in the loan.","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":572676,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/damietta-furniture-withdraws-egp-1-bn-loan-installment\/","url_meta":{"origin":645839,"position":2},"title":"Damietta Furniture withdraws EGP 1 bn loan installment","author":"enterpriseam admin","date":"5 July 2020","format":false,"excerpt":"Damietta Furniture City has drawn down EGP 1 bn of its EGP 1.5 bn syndicated facility taken out from a consortium of local banks to finance working capital, Al Shorouk reports.","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":647388,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/09\/banque-misr-approves-egp-1-2-bn-loan-for-damietta-furniture-city-at-7-interest\/","url_meta":{"origin":645839,"position":3},"title":"Banque Misr approves EGP 1.2 bn loan for Damietta furniture city at 7% interest","author":"enterpriseam admin","date":"9 May 2017","format":false,"excerpt":"Banque Misr agreed to extend a EGP 1.2 bn facility to Damietta furniture city at an exceptional 7% interest rate, bank Chairman Mohamed El Etreby said on Monday, Al Borsa reports. Direct project financing will carry a 5% interest, El Etreby adds. The first phase of the furniture city project\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":633053,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/26\/damietta-port-in-talks-for-usd-305-mn-to-finance-second-container-terminal\/","url_meta":{"origin":645839,"position":4},"title":"Damietta Port in talks for USD 305 mn to finance second container terminal","author":"enterpriseam admin","date":"26 February 2018","format":false,"excerpt":"The Damietta Port Authority is in talks with local banks and international financiers for a USD 305 mn loan needed for the establishment of its second container terminal, sources tell Al Mal. 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