Shaymaa Moustafa

Fayez sweed

Cairo

Egypt

Telephone: +200107142930

Editor Translator Transcriber subtitles

Egypt participates in launching financing platform between 10 international banks

The joint financing forum will provide a space for participants to discuss joint financing opportunities, the best practices, and common issues.

Speaking at a press conference, El-Said detailed Egypt’s ambitious target of $1.5 billion from its public offering program by the end of 2024.

Egypt’s water desalination program entails the launch of several plants possessing a total capacity of 8.85 million m3/day by 2050.

Egypt’s economy has been struggling for years with inflation. In January 2022, one USD cost EGP 15.7, and one year later, it cost EGP 29.8.

The agreement aims to establish a specialized free zone dedicated to petroleum production, as stated by the Cabinet.

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