Ras El Hekma

IMF official: Ras El-Hekma deal recognizes Egypt's economic potential to generate additional tourism revenues

Tue, 02 Apr 2024 - 08:33 GMT

The International Monetary Fund (IMF) Mission Chief for Egypt Ivanna Vladkova Hollar said that the Ras El-Hekma deal, which is worth $35 billion, will reduce the pressure on the balance of payment but if it were used prudently.

Egypt to receive $20B from Ras El Hikma funds at beginning of next May

Sat, 30 Mar 2024 - 01:03 GMT

Egypt had received $10 billion in the previous period from the funds of the $35 billion deal and took measures to convert $11 billion from deposits from the United Arab Emirates (UAE) at the Central Bank into local currency, as stipulated by the terms of the deal.

IMF: $35 billion Ras el-Hekma deal supports Egypt's economy, to help handling of future shocks

Sat, 30 Mar 2024 - 12:07 GMT

The International Monetary Fund stressed the importance of implementing economic policies and supporting the private sector to be an engine of growth.

Egypt to receive 2nd installment of financial dues for Ras El Hikma project within weeks

Wed, 27 Mar 2024 - 02:59 GMT

Egypt had received $10 billion in the previous period from the funds of the $35 billion deal and took measures to convert $11 billion from deposits from the UAE at the Central Bank into local currency.

Emirati ADQ plans to set up free zone in Ras El Hekma

Wed, 20 Mar 2024 - 11:45 GMT

The objective behind this initiative is to create a global financial hub and attract foreign investments, as stated by the sources.

Presidential directives to immediately release goods from Egyptian ports, PM Madbouli

Mon, 04 Mar 2024 - 01:09 GMT

Egypt’s Prime Minister Mostafa Madbouli said on Monday that there are presidential directives to immediately release goods from Egyptian ports with giving priority to foodstuffs and medicines.

Egypt receives $5 bln as final installment of 1st tranche of Ras El Hekma deal: Cabinet

Fri, 01 Mar 2024 - 10:37 GMT

Prime Minister Mostafa Madbouly confirmed on Thursday that Egypt had received $5 billion as part of the initial installment of the investment partnership agreement with the United Arab Emirates aimed at developing Ras El Hikma.

Funds from Ras El Hekma Project with UAE begins arriving at CBE: President El Sisi

Wed, 28 Feb 2024 - 01:50 GMT

President El Sisi issued a presidential decree yesterday, Tuesday, allocating a plot of state-owned land with an area of ​​170.8 million square meters

GOPP, UN-Habitat sign MoU to develop New Ras El Hekma Waterfront

Wed, 29 Aug 2018 - 11:41 GMT

The waterfront will be in line with the New Urban Agenda, Egypt’s 2030 Agenda and the international sustainable development goals.

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