Written by – Ahmed Yaqoub Friday, March 1, 2024 11:30 AM Continue dollar price On the black market, there was a decline in trading today, Friday, amid a significant decline in demand for the American currency, which recorded 46 pounds for purchase and 45 pounds for sale, driven by the receipt of… Egypt Today, $5 billion from the UAE after completing the Ras El Hekma development deal.
Today, the Egyptian government received another $5 billion from the first installment of the investment partnership deal with the United Arab Emirates, regarding the project to develop the city of “Ras El Hekma” on the northwestern coast of Egypt, and thus the first installment has been effectively completed.
Dr. Mostafa Madbouly, Prime Minister, announced during the government meeting yesterday that 5 billion dollars had been received from the first batch, and that the other 5 billion will be received today, Friday, pointing out that measures had been taken to coordinate between the Central Bank and the Emirati side, to transfer 5 billion dollars from the deposit into the Egyptian pound, and that within two months Egypt will receive the remaining amount that was announced, to complete the amount of 35 billion dollars in direct investment entering the state from this deal, in addition to the 35% that the state will receive from the net profits of the project.
2024-03-01 09:30:00
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