Skip to main content Skip to footer 
As many as 94 percent of wealthy GCC investors have expressed a desire to invest in Egypt
The two entities will identify prime retail locations, implement smart innovations, enhance logistics, and improve customer experiences
The summit, which runs until October 24, is themed 'Strengthening Multilateralism for Equitable Global Development and Security,’
The committee noted that this decision reflects recent global and local developments
The collaboration areas include yacht and marine passenger transport, plus passenger ferries
Egyptian investments in Saudi Arabia amounted to around $4 billion, involving more than 3,000 companies
The development is set to attract $110 billion in investments during its development phase
The project’s investments are likely to reach $110 billion by 2045, and it’s set to contribute $25 billion annually to the country’s GDP
Egypt's external debt stood at $168 billion in December 2023 and fell to $152.8 billion by last June
Net FDI inflows into the non-oil sector rose to $46.4 billion following the $35 billion Ras-El Hekma deal
Strategic move aims to usher in a new era of growth, digital innovation and customer-centric solutions
The payment service provider will use Mastercard Gateway for quick, seamless, and secure transactions in the region
Efforts are underway to organize the joint trade committee between the two countries as soon as possible
El Khatib underscored the need to continue infrastructure development to achieve 6 to 7 percent economic growth
Deal-making in the region remained active, with 214 transactions recorded in H1 2024
Saudi Arabia to provide additional facilities for companies operating in the new and renewable energy sector in Egypt
The trade between Saudi Arabia and Egypt surpassed $33 billion during 2022 and 2023
Several prominent figures from both sides were in attendance at the meeting
The general CPI rose to 231.1 points in August 2024, reflecting a monthly inflation rate of 1.9 percent
Leaders will convene from September 9 to 12 to discuss innovations in capital markets and regulatory developments
The MPC noted that domestic real GDP growth had moderated to 2.2 percent in the first quarter of 2024
The UAE is the top Arab investor in Egypt and the third largest globally
Following the Ras El-Hekma deal earlier in the year, Egypt's net international reserves rose $11.2 billion over the last five months
Egypt witnessed a sharp pick-up in inflationary pressures as firms faced greater costs due to a weakening in the pound against the U.S. dollar
