• Latest
  • Trending
Banks’ participation in financing KIMA 2 project hiked to 61.8%

Banks’ participation in financing KIMA 2 project hiked to 61.8%

April 5, 2018
Cairo ranks as world’s cheapest tourist city

Cairo ranks as world’s cheapest tourist city

February 13, 2019
In a Time of Monsters: Travels Through a Middle East in Revolt by Emma Sky

In a Time of Monsters: Travels Through a Middle East in Revolt by Emma Sky

February 13, 2019
Cairo’s inside-out scheme pays dividends in victory against Trojans

Cairo’s inside-out scheme pays dividends in victory against Trojans

February 13, 2019
Egypt to remain the low-cost option for East Med LNG exports: Shell executive

Egypt to remain the low-cost option for East Med LNG exports: Shell executive

February 12, 2019
OPEC oil production falls as Saudi Arabia slashes output

OPEC oil production falls as Saudi Arabia slashes output

February 12, 2019
GEN president talks about Egypt’s entrepreneurial ecosystem

GEN president talks about Egypt’s entrepreneurial ecosystem

February 12, 2019
Archaeologists discover ancient workshop in Egypt’s Sinai

Archaeologists discover ancient workshop in Egypt’s Sinai

February 12, 2019
Morocco among 4 Top Popular Destinations for US Travelers

Morocco among 4 Top Popular Destinations for US Travelers

February 11, 2019
Egypt-Cyprus deal on Aphrodite field ‘is attracting great investor interest’

Egypt-Cyprus deal on Aphrodite field ‘is attracting great investor interest’

February 11, 2019
Egypt parliament to vote this week to extend El-Sisi’s rule

Egypt parliament to vote this week to extend El-Sisi’s rule

February 11, 2019
Egypt’s Ismaily reinistated to Champions League after successful appeal

Egypt’s Ismaily reinistated to Champions League after successful appeal

February 11, 2019
Egypt poised to again lead Africa in agricultural biotechnology innovation

Egypt poised to again lead Africa in agricultural biotechnology innovation

February 11, 2019
Cairo Herald
No Result
View All Result
  • Egypt
    • Sinai
  • North Africa
    • Algeria
    • Libya
    • Morocco
    • Tunisia
  • World
    • Africa
    • Asia
      • China
      • North Korea
    • Canada
    • Europe
    • Latin America
    • Middle East
    • Russian Federation
    • United Kingdom
    • United States
  • National Security
    • Cyber Security
    • Defense
    • Immigration
    • Military
    • Terrorism
      • Islamic State
    • Politics
      • Democracy
      • Free Speech
  • Business
    • Economy
    • Free Market
    • Science
  • Culture
    • Art
    • Books & Literature
    • Education
    • Family
    • Food & Drink
    • Health
    • History
    • Movies & TV
    • Music
    • Privacy
    • Religion
    • Technology
    • Travel
    • Women & Children
  • Environment
    • Agriculture
    • Climate Change
    • Forests
    • Water & Oceans
    • Wildlife & Endangered Species
  • Sports
    • Auto Racing
    • Cycling
    • Golf
    • Olympics
    • Football
    • Tennis
    • Water Sports
Friday, February 15, 2019
  • Egypt
    • Sinai
  • North Africa
    • Algeria
    • Libya
    • Morocco
    • Tunisia
  • World
    • Africa
    • Asia
      • China
      • North Korea
    • Canada
    • Europe
    • Latin America
    • Middle East
    • Russian Federation
    • United Kingdom
    • United States
  • National Security
    • Cyber Security
    • Defense
    • Immigration
    • Military
    • Terrorism
      • Islamic State
    • Politics
      • Democracy
      • Free Speech
  • Business
    • Economy
    • Free Market
    • Science
  • Culture
    • Art
    • Books & Literature
    • Education
    • Family
    • Food & Drink
    • Health
    • History
    • Movies & TV
    • Music
    • Privacy
    • Religion
    • Technology
    • Travel
    • Women & Children
  • Environment
    • Agriculture
    • Climate Change
    • Forests
    • Water & Oceans
    • Wildlife & Endangered Species
  • Sports
    • Auto Racing
    • Cycling
    • Golf
    • Olympics
    • Football
    • Tennis
    • Water Sports
No Result
View All Result
Cairo Herald
No Result
View All Result

Banks’ participation in financing KIMA 2 project hiked to 61.8%

April 5, 2018
in Business, Economy, Featured
0
Home Business
Post Views: 150

 

Banks’ participation in the financing of the state-owned Egyptian Chemical Industries’ KIMA 2 project has been hiked to 61.8 percent, from 51.2 percent, as per a contract that was signed on Wednesday in the presence of Public Enterprise Minister Khaled Badawy.

The banks include the National Bank of Egypt (NBE), Banque Misr, Arab African Bank, Banque Du Caire, Egyptian Arab land Bank and Blom bank.

KIMA 2 is a facility for fertilizer manufacturing that is being built at the existing site of the company’s Aswan fertilizer complex, at a cost of LE 11.6 billion.

Production from the facility is expected to reach 1,200 tons of ammonia and 1,600 tons of urea per day.

The Italian company responsible for executing the project is set to finish 85 percent of construction works by the end of April and will start test operation by year-end.

The Egyptian Chemical Industries, known as KIMA, is affiliated to the Chemical Industries Holding Company, producing nitrogenous fertilizers and chemicals, including hydrogen and ammonia.

KIMA is listed on the Egyptian Exchange since August 1995 and operates within the materials sector, focusing on diversified chemicals.

It has two subsidiaries in Egypt working on agricultural products and diversified chemicals. KIMA is based in Aswan and was established in January 1956.

Tags: aswanBanksEgyptian Chemical IndustriesFertilizerFinanceKIMA
ShareTweetShare
Next Post
Business News Wrap-up

Business News Wrap-up

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

one × 2 =

Translate

Popular Post

Cairo ranks as world’s cheapest tourist city
Africa

Cairo ranks as world’s cheapest tourist city

February 13, 2019
0

Tourists eager to spend a special holiday, enjoy the warm sun and learn about a new culture and civilization should...

Read more
Since Trump’s Mideast visit, extrajudicial killings have spiked in Egypt

Since Trump’s Mideast visit, extrajudicial killings have spiked in Egypt

August 31, 2017
Univ. of Michigan frat controversy — Make ancient Egypt great again!

Univ. of Michigan frat controversy — Make ancient Egypt great again!

August 31, 2017
Egypt’s plan to borrow $4bn in 2018

Egypt’s plan to borrow $4bn in 2018

August 31, 2017
How Israeli citizens are becoming stateless

How Israeli citizens are becoming stateless

September 1, 2017
  • About Us
  • Creative Commons
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
  • Contact Us

Topics

Follow Us

About Us

Cairo Herald is part of Cairo Herald Media Group LLC, which delivers daily news around the globe.

© 2011 Cairo Herald

No Result
View All Result
  • Egypt
    • Sinai
  • North Africa
    • Algeria
    • Libya
    • Morocco
    • Tunisia
  • World
    • Africa
    • Asia
      • China
      • North Korea
    • Canada
    • Europe
    • Latin America
    • Middle East
    • Russian Federation
    • United Kingdom
    • United States
  • National Security
    • Cyber Security
    • Defense
    • Immigration
    • Military
    • Terrorism
      • Islamic State
    • Politics
      • Democracy
      • Free Speech
  • Business
    • Economy
    • Free Market
    • Science
  • Culture
    • Art
    • Books & Literature
    • Education
    • Family
    • Food & Drink
    • Health
    • History
    • Movies & TV
    • Music
    • Privacy
    • Religion
    • Technology
    • Travel
    • Women & Children
  • Environment
    • Agriculture
    • Climate Change
    • Forests
    • Water & Oceans
    • Wildlife & Endangered Species
  • Sports
    • Auto Racing
    • Cycling
    • Golf
    • Olympics
    • Football
    • Tennis
    • Water Sports

© 2011 Cairo Herald