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Foreign Investment

WB approves new country partnership framework, to provide $7B worth of financing

The new CPF aligns with the government of Egypt’s Sustainable Development Strategy, “Egypt Vision 2030,” and the country’s National Climate Change Strategy (NCCS) 2050

Egypt looking to expand IPO program list to 40 companies | FinMin

“The implementation has already started and some of these assets are going to the market next month,” Maait told Bloomberg on the sidelines of a financial conference in Riyadh

Egypt completes first sukuk issuance, raises $1.5 billion | FinMin

Maait added that the country’s first-ever issuance reflects the global capital market’s confidence in the Egyptian economy

ADNOC closes 50% stake acquisition of TotalEnergies Marketing Egypt

Announced in July 2022, the acquisition marks the UAE company’s entry into the Egyptian market

To avoid future economic shocks, Egypt is eager to enhance co-op with Arab states | FinMin

Maait added that the Arab Trade Financing Program (ATFP) and the joint payment mechanism stimulate intra-trade between Arab countries