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The bank has opened its representative office in Guangzhou in the framework of its expansion plan outside the Egyptian market
The value of the loan has already entered the bank’s treasury
The loan is intended to strengthen the bank’s dollar resources to support it in financing strategic projects, as well as to bolster the country’s foreign exchange reserves.
NBE established the first Egyptian, Arab, and African bank in China since 2008
Several business agreements will be signed during the president’s trip
CDB to provide $100m loan to finance SMEs, further Chinese grant of $30m for remote satellite sensing, says minister