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Israel presses pause on Egypt gas exports following US strikes on Iran. PLUS: Yacht tourism initiative, GE Healthcare + Al Safi Group
Israel had only just resumed gas exports on Thursday after a six-day pause
The private sector now gets the lion’s share of Egypt’s development finance
Over the past five years, the private sector received over USD 15.6 bn in concessional funding
EU’s EUR 1.8 bn investment guarantee mechanism to mobilize EUR 5 bn in investments through 2027 launched
The mechanism will be accessible via the Hafiz platform
Egypt included in USD 1 bn industrial decarbonization program
Egypt was chosen alongside Brazil, Mexico, Namibia, South Africa, Turkey, and Uzbekistan
AfDB commits USD 184 mn to Obelisk solar and battery project
The recently approved funding will account for nearly a third of the project’s entire investment cost
MSMEDA and Egypt-active VCs to launch Egypt’s first unified startup portfolio platform with World Bank backing
The World Bank and MSMEDA are sponsoring the initiative
Sky AD to develop a 430-feddan plot in Ras El Hekma
The real estate said last year that it was in talks with the government over a 200-600 acres plot in…
Egypt, Germany sign EUR 118 mn financing agreement
The two sides also signed a EUR 21 mn debt swap agreement
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