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Development partners
Egypt, Sri Lanka, Tunisia will have debt talks with the IMF – chief
The International Monetary Fund (IMF) will meet with nations including Egypt, Sri Lanka, and Tunisia to discuss the steps that need to be taken to assist them as the cost of debt servicing hikes due…
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World Bank projects Africa growth to drop to 3.4%
Africa’s economic growth is projected to drop to 3.4 percent this year, down 0.6 percentage points from the four percent growth recorded in 2021, due to new macroeconomic shocks.
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Standard Chartered ends operations in 7 businesses in Africa, Mideast to focus on Egypt, Saudi Arabia
Britain’s Standard Chartered is planning to exit its operations in seven countries in Africa and the Middle East, the mass exodus move aims to narrow its focus to the region’s faster-growing markets,…
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EU, Egypt talk increasing LNG exports, green hydrogen ahead of COP27
The EU is looking to up its imports of liquefied natural gas (LNG) from Egypt in the short term — and contribute to building a local green hydrogen production facility in the long term, EU Executive…
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GAFI, FRA, ITIDA sign protocol to create legislative, procedural environment for investment in Egypt
The General Authority for Investment and Free Zones (GAFI), the Financial Regulatory Authority (FRA), and the Information Technology Industry Development Authority (ITIDA) signed a cooperation…
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Uruguay, Egypt may cooperate to build green hydrogen together
Uruguay is looking to reach a framework agreement with Egypt to work together on green hydrogen production, Egyptian Minister of Industry and Trade Nevine Gamea said
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Egypt’s sovereign fund, UAE’s ADQ deal includes stakes in listed, unlisted firms
Abu Dhabi wealth fund ADQ could acquire stakes in both listed and unlisted Egyptian companies as part of its investment in Egypt, Soliman told Al Arabiya TV.
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Egypt’s SFE may sell stakes in Wataniya, 3 Siemens-built power to Saudi Arabia’s PIF
The Sovereign Fund of Egypt (SFE) is looking at the possibility of cooperation with Saudi Arabia’s sovereign, wealth fund Public Investment Fund (PIF), selling stakes in military-owned Wataniya…
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Egypt, European Investment Bank discuss future cooperation in different economic sectors
The European Investment Bank (EIB) is currently on an official visit to Egypt, where the bank’s delegation will meet with a number of ministers and officials of the Egyptian government to discuss…
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British trade mission in Egypt explores new projects in infrastructure, energy, finance
A trade mission started a tour in Egypt on Sunday, the British embassy in Cairo announced according to Ahram online.
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