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 ...
Egypt PM says Saudi's planned $5 bln investment independent of …
WEB13 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
WEB2 days 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's leader makes surprise visit to Saudi Arabia | AP News
WEBApr 3, 2023 · Egyptian 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. That's according to Egyptian presidential spokesman Ahmed Fahmy.
Saudi Arabia extends terms of $5 billion in aid to Egypt | AP News
WEBNov 29, 2022 · CAIRO (AP) — Saudi Arabia agreed Tuesday to extend the terms of a $5 billion aid package to Egypt that took effect in March, Saudi state media said. The move was aimed at bolstering the North African country’s recent deal …
No More Blank Checks: Saudi Arabia Clamps Down on Regional Aid
WEBApr 2, 2023 · For much of the past decade, Saudi Arabia sent billions of dollars in aid to Egypt, bolstering a poorer regional ally seen as too strategically important to neglect. But recently, there has...
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 ...
Egypt's Sisi visits Saudi Arabia amid financial pressure, regional ...
WEBApr 3, 2023 · 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 currency and bolster a...
Saudi Arabia’s US$5-Billion-Investment Pledge in Egypt: …
WEB3 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’s el-Sisi visits Saudi Arabia amid financial pressure
WEBApr 3, 2023 · Egyptian President Abdel Fattah el-Sisi has met Saudi Arabia’s Crown Prince Mohammed bin Salman in the kingdom’s Red Sea city of Jeddah as Cairo tries to navigate through an acute financial...