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On February 24, 2024, Egypt signed a contract to develop the Ras El-Hikma project in partnership with the United Arab Emirates, with the project intending to attract investments worth more than US$150 billion during the project's development period, including US$35 billion in foreign direct investment for the Egyptian state within two months.
As of late 2023, ADQ had $159 billion in total assets. [5] As of 2021, the chairman of ADQ was Tahnoun bin Zayed Al Nahyan. [6] In 2024, ADQ and the government of Egypt signed a deal for the ADQ to invest $35 billion in developing Ras el-Hekma on Egypt's Mediterranean coast. [7]
Danish Growth Fund / Export and Investment Fund of Denmark [61] 4: Non-commodity Nigeria: Nigeria Sovereign Investment Authority / Bayelsa Development and Investment Corporation: 2: Oil & Gas Ghana: Ghana Petroleum Funds / Ghana Infrastructure Investment Fund: 2: Oil & Gas Israel [62] Israeli Citizens' Fund: 1.83: Gas & Minerals Panama: Fondo ...
The executive board of the International Monetary Fund confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion, in a move that is meant to shore up the Arab country ...
"By the age of 35, you should have saved at least twice your annual salary," he says. "So, for example, if you’re earning $50,000 per year, you should aim to have at least $100,000 in savings by ...
The measures, announced by the Central Bank of Egypt early Wednesday, were among the key demands of the IMF to increase its $3 billion bailout loan that both parties agreed to in 2022.
The area produces 17 percent of Egypt's olives and 26 percent of its figs. [1] In 2024, Egypt's New Urban Communities Authority and the Abu Dhabi Developmental Holding Company (ADQ), a sovereign wealth fund based in the United Arab Emirates, signed a deal for the ADQ to invest $35 billion in developing the area "New Ras el-Hekma". [2]
According to the International Organization for Migration, an estimated 2.7 million Egyptians abroad contribute actively to the development of their country through remittance inflows, circulation of human and social capital, as well as investment. In 2009 Egypt was the biggest recipient of remittances in the Middle East; an estimated US$7.8 bn ...