Egypt PM says Saudi's planned $5 bln investment independent of …
WEB4 hours ago · Egypt's Prime Minister Mostafa Madbouly said on Thursday that a planned Saudi Arabian investment of $5 billion in Egypt is independent of funds the Gulf state has deposited in the country's ...
Egyptian cabinet says Saudi Crown Prince told PIF to pump $5 bln …
WEB3 days ago · In 2022, the Saudi Egyptian Investment Company (SEIC) was established as a wholly owned PIF subsidiary. Saudi Arabia had long-term deposits with the Central Bank of Egypt (CBE) worth $5.3 billion ...
Saudi Crown Prince told PIF to pump $5 bln into Egypt as ‘first …
WEB2 days ago · Saudi Arabia had long-term deposits with the Central Bank of Egypt (CBE) worth $5.3 billion as of Dec. 31, 2023, according to CBE data. Read more: Saudi Arabia plans to allow tougher nuclear ...
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 ...
Egypt Says Saudi Arabia Wealth Fund Set to Invest $5 Billion
WEB2 days ago · September 17, 2024 at 4:37 AM EDT. Save. Egypt said Saudi Arabia’s sovereign wealth fund is poised to invest $5 billion, in what would be the latest Gulf funding for the North African nation ...
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.
Saudi Crown Prince announces new $5B investment in Egypt via PIF
WEB2 days ago · This new initiative follows a prior declaration by Saudi Investment Minister Khalid Al Falih in August, who revealed plans to convert a $10 billion deposit with the Central Bank of Egypt (CBE) into investment opportunities. 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.
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.
A U.S. Deal Could Make Saudi Arabia the Next Egypt - Foreign …
WEBMay 8, 2024 · Saudi Arabia Is on the Way to Becoming the Next Egypt. Washington is brokering a diplomatic deal that could deeply distort its relationship with Riyadh. By Steven A. Cook, a columnist at...
Egypt's leader makes surprise visit to Saudi Arabia | AP News
WEBApr 3, 2023 · CAIRO (AP) — The leaders of Egypt and Saudi Arabia met in the Gulf kingdom, officials said Monday, in the first face-to-face discussions between the two men in months as the North African country battles a domestic economic crisis.