Egypt PM says Saudi's planned $5 bln investment independent of …
WEB9 hours ago · Saudi Arabia has $5.3 billion in medium to long-term deposits in Egypt's central bank, according to the bank's data. It also deposited $5 billion in short-term deposits in 2022 which are believed ...
Saudi Arabia is betting big on Egypt - Yahoo Finance
WEB1 day ago · The News. Saudi Arabia pledged to invest $5 billion in Egypt, a vote of confidence in Cairo’s efforts to address its fiscal and investment policies as well as a signal of shifting Gulf attitudes ...
Saudi Arabia's Crown Prince pledges $5 billion investment in Egypt ...
WEB1 day ago · Saudi Arabia’s Crown Prince Mohammed bin Salman recently announced a $5 billion investment in Egypt through the Public Investment Fund (PIF) during a meeting with Mostafa Madbouly, Egypt’s Prime Minister, in Riyadh. This investment falls in line with the efforts of both Saudi Arabia and Egypt to boost economic and investment ties in …
Saudi Crown Prince announces new $5B investment in Egypt via PIF
WEB2 days ago · As of March 2024, Saudi Arabia's long-term deposits with the CBE stand at $5.3 billion out of a total of $15 billion. The PIF has a major investment portfolio in Egypt, including its subsidiary, the Saudi Egyptian Investment Company (SEIC), investing $1.3 billion to acquire minority stakes in several Egyptian state-owned companies last year ...
Saudi Arabia’s US$5-Billion-Investment Pledge in Egypt: …
WEB2 days ago · The Crown Prince praised Egypt’s role in working toward a ceasefire in Gaza and reiterated the importance of continued collaboration in managing regional challenges. A new era of strategic cooperation. The announcement of the US$5 billion investment signifies a new chapter in the economic relationship between Saudi Arabia and Egypt.
Egypt Says Saudi Arabia Wealth Fund Set to Invest $5 Billion
WEB2 days ago · Tue, September 17, 2024, 4:37 AM EDT · 2 min read. (Bloomberg) -- Egypt said Saudi Arabia’s sovereign wealth fund is poised to invest $5 billion, in what would be the latest Gulf funding for ...
Saudi Public Investment Fund to initially invest $5 bln in Egypt: …
WEB3 days ago · Investment Minister Khaled Al-Falih also highlighted that Egypt is one of Saudi Arabia's key strategic partners, revealing that trade between the two countries exceeded $124 billion in 2022 and ...
Egypt's leader makes surprise visit to Saudi Arabia | AP News
WEBApr 3, 2023 · President Abdel Fattah el-Sissi and Crown Prince Mohammed bin Salman, the de facto leader of Saudi Arabia, held talks late Sunday that focused on ties between the two Middle Eastern heavyweights, according to …
Egypt's Sisi visits Saudi Arabia amid financial pressure, regional ...
WEBApr 3, 2023 · RIYADH, April 2 (Reuters) - Egyptian President Abdel Fattah al-Sisi visited Saudi Arabia on Sunday, Saudi state news agency SPA said, as Cairo seeks financial inflows to ease pressure on its...
Saudi Arabia extends terms of $5 billion in aid to Egypt | AP News
WEBNov 29, 2022 · Saudi Arabia agreed Tuesday, Nov. 29, 2022, to extend the terms of a $5 billion aid package to Egypt in March, Saudi state media said, in a move aimed at bolstering the North African country’s recent deal with the International Monetary Fund.