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Egypt: Egyptian Banking alliance signs a financing agreement with Al Sharkiya Sugar Manufacturing to resume the establishment of the company's beet sugar plant

Description

On 7 April 2019, an Egyptian banking coalition led by Banque Misr signed an EGP 3.1 billion (USD 179,144,153.25) finance agreement with Al Sharkiyah Sugar Manufacturing Company (Al-Nouran) for the pur...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

07 Apr 2019

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Products

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