Ras al-Hikma
Egypt collects US$12 billion in revenues from Ras al-Hikma
Economy
May 1, 2024
Egypt collects US$12 billion in revenues from Ras al-Hikma
Egyptian Finance Minister Mohamed Maait announced on Tuesday that Egypt has received about US$12 billion in revenues from the Ras…
IMF official says Ras al-Hikma deal recognizes the potential of Egypt’s economy to generate additional tourism revenues
Business
April 10, 2024
IMF official says Ras al-Hikma deal recognizes the potential of Egypt’s economy to generate additional tourism revenues
International Monetary Fund (IMF) Mission Chief for Egypt Ivanna Vladkova Hollar said that the Ras al-Hikma deal, which is worth…
Egypt allocates land to construct Ras al-Hikma Airport
Egypt
April 9, 2024
Egypt allocates land to construct Ras al-Hikma Airport
The Egyptian Cabinet approved several decisions during its meeting on Monday headed by Prime Minister Mostafa Madbouly, most major of…
PM: 1st batch of IMF loan arrives in Egypt next week, 2nd of Ras al-Hikma deal in May
Egypt
April 1, 2024
PM: 1st batch of IMF loan arrives in Egypt next week, 2nd of Ras al-Hikma deal in May
Prime Minister Mostafa Madbouly said Saturday 30/03/2024 the first batch of the International Monetary Fund (IMF) loan is scheduled to…
Airport, business hub, entertainment & industrial areas to be part of Ras al-Hikma city: UAE investor
Egypt
March 6, 2024
Airport, business hub, entertainment & industrial areas to be part of Ras al-Hikma city: UAE investor
The UAE Minister of Investment and Director General of the Abu Dhabi Fund for Development, Mohammed al-Suwaidi, announced that the…
Fitch expects inflation rates in Egypt to decline on annual basis
Business
March 2, 2024
Fitch expects inflation rates in Egypt to decline on annual basis
The Fitch credit ratings agency expects a decline in Egypt’s inflation rate on an annual basis during the second half…
Egypt receives US$ 10 billion from Ras al-Hikma deal
Egypt
March 2, 2024
Egypt receives US$ 10 billion from Ras al-Hikma deal
Egyptian cabinet spokesperson Mohamed al-Hommosany announced that the government on Friday received another five billion dollars from the first installment…
Second tranche of Ras al-Hikma deal expected to be deposited on Friday: Sisi
Economy
February 29, 2024
Second tranche of Ras al-Hikma deal expected to be deposited on Friday: Sisi
Egypt has received the first tranche of funds pledged by the UAE from a total of $35 billion. President Abdel…
International Monetary Fund comments on Egypt’s Ras al-Hikma deal
Business
February 29, 2024
International Monetary Fund comments on Egypt’s Ras al-Hikma deal
The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, said that Egypt’s announcement on Friday of a $35…
Egyptian state to compensate people of Ras al-Hikma: Official
Egypt
February 28, 2024
Egyptian state to compensate people of Ras al-Hikma: Official
Egyptian Cabinet spokesperson Mohamed al-Hommosany assured that the state is fully committed to compensating the people of the Ras al-Hikma…