Egypt, Saudi Arabia
Egypt PM says Saudi's planned $5 billion investment independent of cenbank deposit
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 central bank,
Egypt Says Saudi Arabia Wealth Fund Set to Invest $5 Billion
Egypt said Saudi Arabia’s crown prince has directed the kingdom’s sovereign wealth fund to invest an initial $5 billion in the North African country.
Egypt, Saudi Arabia in talks to develop yacht tourism
Egypt aims to welcome 15.2mln tourists in 2024, he noted, adding that the ministry has a plan to draw in 30mln tourists annually by 2031
Saudi Arabia is betting big on Egypt
After decades of providing cash assistance, the kingdom will invest $5 billion in companies and projects that promise yield.
Egypt and Saudi Arabia: The Beating Heart of the Arab Nation
King Abdulaziz Al Saud declared long ago, “The Arabs cannot do without Egypt, and Egypt cannot do without the Arabs.” This profound statement underscores the unique nature of Egyptian-Saudi relations,
Saudi Crown Prince Invests $5 Billion in Egypt
The Egyptian cabinet announced on Monday that Saudi Crown Prince Mohammed Bin Salman has directed the Saudi Public Investment Fund (PIF) to invest $5 billion in Egypt’s economy as part of an initial investment stage.
Saudi Arabia's $5 Billion Investment in Egypt: A New Era of Economic Partnership
Saudi Crown Prince Mohammed bin Salman has directed the Saudi Public Investment Fund to invest $5 billion into Egypt. This announcement follows a meeting between Egyptian Prime Minister Mostafa Madbouly and the Crown Prince,
Saudi Crown Prince pledges $5bln investment in Egypt
Saudi Crown Prince Mohammed bin Salman announced a $5bn investment in Egypt by the Public Investment Fund (PIF) during a meeting with Egyptian Prime Minister Mostafa Madbouly in Riyadh on Tuesday. The announcement was made as part of a broader effort to bolster economic ties between the two countries.
Egypt Says Saudi Arabia’s Wealth Fund Set to Invest $5 Billion
Egypt said Saudi Arabia’s crown prince has directed the kingdom’s sovereign wealth fund to invest an initial $5 billion in the North African country.
Saudi wealth fund PIF to invest $5bn in Egypt
Saudi Crown Prince Mohammed bin Salman has directed his country's sovereign wealth fund to invest $5 billion in Egypt, Cairo's cabinet announced on Monday. Egypt said the $5 billion injection would be the “first phase” of Saudi investments through its Public Investment Fund.
Egypt, which has stirred up Europe, promises to restore gas production
The head of the Egyptian government, Mustafa Madbouli, said that gas production in the country will recover by the summer of ...
Egyptian cabinet says Saudi Crown Prince told PIF to pump $5 bln into Egypt as 'first stage'
The Egyptian cabinet said in a statement on Monday that Saudi Crown Prince Mohammed bin Salman has directed the Saudi Public ...
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Egypt to offer Ras Banas among 5 spots on Red Sea for major investment projects: PM Madbouly
Egypt and Emirati investors signed in February a historic ... PM Madbouly spoke with reporters on his recent visit to ...
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Egypt Earmarks Red Sea Spots in Search of More Tourism Megadeals
The locations will include Ras Banas, a peninsula in southern Egypt sitting across from Saudi Arabia, Prime Minister ...
Egyptian cabinet says Saudi Crown Prince told PIF to pump $5 billion into Egypt as 'first stage'
The Egyptian cabinet said in a statement on Monday that Saudi Crown Prince Mohammed bin Salman has directed the Saudi Public ...