Global banks to compete for Egyptian GPC loan deal
Cairo - Mohamed Salah
Egypt’s General Petroleum Corporation (GPC) has confirmed it has been offered a loan in the region of $2 billion by national and international banks. The authority needs financial support to pay off debts accumulated in overseas operations, and to carry out further development projects in the field. Officials have told Arabstoday that two alliance groups led by American investment banks combined with a number of Egyptian banks have approached the oil company. In 2010, number of international banks and 22 Egyptian banks were involved in the bidding process to give GPC a $2bn loan.
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Bucharest - SANA
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Moscow - TASS
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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