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Latest in Tag: payments


KIMA builds $60m reserve to secure future payments to Tecnimont

The Egyptian Chemical Industries Company (KIMA) has managed to build a reserve of foreign cash worth $60m through exports. The reserve will be used to ensure that the company can fulfil its future payments to Italian company Tecnimont, which is establishing KIMA’s new ammonia plant and the project to rehabilitate factories to operate on natural …

Mohamed Ahmed

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