Development partners

Egypt and Saudi Arabia signed 14 agreements with investments worth $7.7 billion, according to Minister of Commerce of Saudi Arabia Majid bin Abdullah al-Qasab.
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EFG Hermes has announced that it successfully concluded the first securitization issuance worth EGP 651.2m of the EGP 3bn programme for Bedaya Mortgage Finance, Egypt’s first non-bank online mortgage…
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Egypt and the Democratic Republic of the Congo (DRC) have reached a partnership agreement in the field of electricity.
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Fitch Solutions revised down Egypt’s real GDP growth for the upcoming FY2022/2023 — Which starts on 1 July — to 4.9 percent, down from the 5.5 percent it initially projected.
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The Executive Board of the International Monetary Fund (IMF) has approved the immediate disbursement of SDR 5 million, about US$ 6.72 million for the Gambia.
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The World Bank has again revised upwards its projection for Egypt’s GDP growth by 0.6 percentage points to 6.1% for FY 2021-2022.
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The French Development Agency (AFD) will sign a financing agreement worth around €140 million ($150.1 million) with Egypt’s biggest three public banks by the end of the third quarter
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Siemens Mobility, Orascom Construction (OC) and Arab Contractors have signed a contract with the government for the second phase of the planned 2k-km high-speed rail line, Siemens and OC said in…
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The African Development Bank (AfDB) has raised its projections for Egypt’s real GDP growth to 5.7 percent in 2022 – up from 4.7 percent it expected in 2021 – before slowing down to 5.1 percent in…
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The Sovereign Fund of Egypt is currently studying 21 projects for investment in 2022 in 6 different sectors including telecommunications, utilities, infrastructure, health services, pharmaceutical…
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