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AfDB grants $148M financial package to CIB to boost SMEs and Trade in Egypt

The AfDB outlined that this package consists of a $10 million line of credit with a 10-year tenor, a $90 million subordinated loan with a 10-year tenor, a $32 million trade finance line of credit with a 3.5-year tenor, and a $16 million trade finance line of credit from the Africa Growing Together Fund (AGTF) with a 3.5-year tenor.

UAE renews $1B deposit with CBE for 3 more years

As of June 2023, Arab nations' deposits comprised over half of the short-term debt balance, totaling $15.4 billion.

Egypt officially hands over COP presidency to the UAE

As Egypt hands over its leadership role, it aims to build on the successes and outcomes achieved during its year-long presidency, particularly in advancing discussions on the Loss and Damage Fund and climate financing

TradeMin lays foundation stone for $105M home appliances factory in Sadat City

Samir said that the new factory will be built on an area of​​ 220,000 square meters and its total investments amount to $105 million

Egypt & Slovakia to explore ways of cooperation in petroleum sector

During the meeting, Mihalikova indicated the intention of a delegation of Slovak companies to visit Egypt to discuss investment opportunities available in many fields, especially oil and gas