{"id":323331,"date":"2021-09-12T17:07:54","date_gmt":"2021-09-12T17:07:54","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=323331"},"modified":"2021-09-13T12:10:03","modified_gmt":"2021-09-13T12:10:03","slug":"nbe-signs-egp-311m-deal-with-orascom-to-finance-sound-and-light-show","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/09\/12\/nbe-signs-egp-311m-deal-with-orascom-to-finance-sound-and-light-show\/","title":{"rendered":"NBE signs EGP 311m deal with Orascom to finance sound and light show"},"content":{"rendered":"<p>The National Bank of Egypt (NBE) signed an agreement with Orascom Investment Holding to finance the\u00a0development of the sound and light show\u00a0at\u00a0the Pyramids of Giza.<\/p>\n<div id=\"Outstream\"><\/div>\n<p>The EGP 311 million loan is aimed at supporting the tourism sector,\u00a0one of the major economic sectors and foreign-currency income streams in Egypt, the NBE&#8217;s Vice Chairman, Yehia Aboul Fotouh, said in a statement on Sunday.<\/p>\n<p>The nine-year funding includes a long-term loan to finance the investment cost of the project as well as letters of guarantee, the Corporate and Syndication CEO at NBE, Sherif Riad, stated.<\/p>\n<p>The CEO of Orascom Investment, Naguib Sawiris, noted that the company plans\u00a0to improve the quality of services\u00a0and use the latest technology in management and operation to turn it into a global entertainment area.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Bank of Egypt (NBE) signed an agreement with Orascom Investment Holding to finance the\u00a0development of the sound and light show\u00a0at\u00a0the Pyramids of Giza.\u00a0<\/p>\n","protected":false},"author":4,"featured_media":320227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,33],"tags":[81,401,107],"class_list":["post-323331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-main","tag-national-bank-of-egypt","tag-nbe","tag-orascom-investment-holding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - 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