Tag: Mostafa Madbouly

Egypt inks ‘historic’ $35bn deal with UAE, hoping to ease dollar squeeze, save economy

February 26, 2024

Egypt and the United Arab Emirates (UAE) have signed a landmark $35 billion investment deal to develop Ras al-Hekma peninsula on the Mediterranean coast that, ... Read More

Egypt to set up yacht manufacturing company as part of yacht tourism promotion

December 8, 2023

Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats, State-run journal indicated Thursday December 7. ... Read More

Abu Dhabi Islamic Bank Egypt appoints Egypt’s Minister of International Cooperation Rania Al-Mashat as board member

August 1, 2023

Abu Dhabi Islamic Bank Egypt (ADIB Egypt) has named Rania Al-Mashat, Egypt’s Minister of International Cooperation as a member of the board of directors. Al-Mashat, ... Read More

Egypt mulls plans to establish three new free Zones

July 17, 2023

Egypt is considering building three new Free Zones, Prime Minister Mostafa Madbouly announced Sunday to Hossam Heiba, CEO of the General Authority for Investment and ... Read More

Egypt, IMF ink $3bn new loan program deal

October 28, 2022

The International Monetary Fund (IMF) said on Thursday it had agreed a $3 billion Extended Fund Facility (EFF) over 46 months with Egypt, Reuters reports. ... Read More

Egypt: Chinese Vice FM in Cairo to prepare Xi Jinping’s January visit

January 5, 2016

Chinese vice Foreign Minister Zhang Ming arrived in the Egyptian capital Monday for an official visit seen as ground work for January visit by Chinese ... Read More