PM Madbouly reveals Egypt has received $14B from Ras El Hekma agreement with UAE

Wed, 15 May 2024 - 03:58 GMT

In an official statement, Madbouly also stated that Egypt is working with the UAE to waive an Emirati deposit of $6 billion in the Central Bank of Egypt (CBE) and convert it to Egyptian pounds

Egypt reportedly received 2nd and final tranche from Ras El Hekma

Tue, 14 May 2024 - 01:44 GMT

Reportedly received by Egypt on Sunday, the tranche consisted of $14 billion and $6 billion currently held from a previous deposit by the UAE at the Central Bank of Egypt (CBE)

UAE’s ADQ and ADNEC acquire 40.5% of TMG hospitality arm

Sun, 14 Jan 2024 - 10:50 GMT

ADQ and ADNEC will invest through a special purpose vehicle, with 49 percent equity ownership by ADQ and 51 percent by ADNEC

ADQ invests $10B in Egypt, Jordan

Sun, 29 May 2022 - 01:45 GMT

The integrated industrial partnership between the UAE, Jordan and Egypt, was announced at the conference held in Abu Dhabi on Sunday, May 29.

Recent acquisitions support economic development in Egypt: ADQ

Wed, 13 Apr 2022 - 02:47 GMT

Alsuwaidi elaborated , according to a statement, that ADQ has implemented many investment opportunities in pursuit of strong commercial benefits and sustainable growth since the launch of a strategic investment partnership platform with the Sovereign Fund of Egypt, valued at $20 billion.