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News


(2015-01-18) Egypt's Ezz Steel board approves terms of NBE, AAIB loan
The board of Egyptian steel maker Ezz Steel (ESRS) has approved in a meeting on Thursday terms of a draft credit facilities contract it intends to sign with National Bank of Egypt (NBE) an Arab African International Bank (AAIB). The board approved a proposal to get long term facilities to restructure the credit facilities and/or loans given to the company by repaying some of the outstanding debt.