{"id":568115,"date":"2020-12-17T04:13:48","date_gmt":"2020-12-17T04:13:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/around-the-world-on-17-december-2020\/"},"modified":"2020-12-17T04:13:48","modified_gmt":"2020-12-17T04:13:48","slug":"around-the-world-on-17-december-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/around-the-world-on-17-december-2020\/","title":{"rendered":"Around the world on 17 December 2020"},"content":{"rendered":"<p><strong>IN DIPLOMACY: The UAE has joined the East Mediterranean Gas Forum as an<\/strong><strong> observer<\/strong>, the presidency announced after <a href=\"https:\/\/bit.ly\/37lEXBY\">a meeting<\/a> between President Abdel Fattah El Sisi and Abu Dhabi\u2019s Crown Prince Sheikh Mohammed bin Zayed bin Sultan Al Nahyan, which also covered ramping up the UAE\u2019s investments in Egypt and energy cooperation, <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN28Q29M\">Reuters<\/a> reports.<\/p>\n<p><strong>Italy will sell USD 1 bn worth of arms to Egypt <\/strong>including frigates, trainer jets, navy patrol boats, and a military satellite, <a href=\"https:\/\/bit.ly\/3atLsEX\">RT<\/a> reports.<\/p>\n<p><strong>Seven Egyptian banks were accredited as <\/strong><strong><a href=\"https:\/\/www.thebalancesmb.com\/trade-finance-explained-5-facts-you-need-to-know-3953592\">trade finance intermediaries<\/a><\/strong><strong> by <\/strong><strong>Afreximbank in 2020<\/strong>, including CIB, National Bank of Egypt, Banque du Caire, Arab International Bank Egypt, Banque Misr, Emirates NBD Egypt, and the Export Development Bank of Egypt, according to a <a href=\"https:\/\/www.afreximbank.com\/afreximbank-expands-trade-finance-intermediary-initiative\/\">press release<\/a>. These banks will now be able to extend Afreximbank\u2019s initiatives and credit solutions to their clients as a way to facilitate the transformation and development of trade across Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IN DIPLOMACY: The UAE has joined the East Mediterranean Gas Forum as an observer, the presidency announced after a meeting between President Abdel Fattah El Sisi and Abu Dhabi\u2019s Crown Prince Sheikh Mohammed bin Zayed bin Sultan Al Nahyan, which also covered ramping up the UAE\u2019s investments in Egypt and energy cooperation, Reuters reports. Italy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7328],"tags":[421,7098,222,72,126,117,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568115","post","type-post","status-publish","format-standard","hentry","category-around-the-world","tag-afreximbank","tag-africa","tag-around-the-world","tag-enterpriseam","tag-sudan","tag-us","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"d1d63656-c867-4546-83e0-45d65de0c32e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[568090],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Around the world on 17 December 2020 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/around-the-world-on-17-december-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Around the world on 17 December 2020\" \/>\n<meta property=\"og:description\" content=\"IN DIPLOMACY: The UAE has joined the East Mediterranean Gas Forum as an observer, the presidency announced after a meeting between President Abdel Fattah El Sisi and Abu Dhabi\u2019s Crown Prince Sheikh Mohammed bin Zayed bin Sultan Al Nahyan, which also covered ramping up the UAE\u2019s investments in Egypt and energy cooperation, Reuters reports. Italy [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/around-the-world-on-17-december-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-17T04:13:48+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/around-the-world-on-17-december-2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/around-the-world-on-17-december-2020\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Around the world on 17 December 2020\",\"datePublished\":\"2020-12-17T04:13:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/around-the-world-on-17-december-2020\/\"},\"wordCount\":156,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"AfreximBank\",\"Africa\",\"Around the World\",\"EnterpriseAM\",\"Sudan\",\"US\",\"World Bank\"],\"articleSection\":[\"AROUND THE WORLD\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/around-the-world-on-17-december-2020\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/around-the-world-on-17-december-2020\/\",\"name\":\"Around the world on 17 December 2020 - 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The funding will be directed at BdC\u2019s expansion plans in Africa and financing intra-trade across the continent, he\u2026","rel":"","context":"In &quot;SPEED ROUND: DEBT WATCH&quot;","block_context":{"text":"SPEED ROUND: DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573044,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/19\/egypt-has-landed-c-usd-6-1-bn-in-loans-and-other-financing-from-afreximbank-european-investment-bank\/","url_meta":{"origin":568115,"position":1},"title":"Egypt has landed c. USD 6.1 bn in loans and other financing from Afreximbank, European Investment Bank","author":"enterpriseam admin","date":"19 July 2020","format":false,"excerpt":"DEBT WATCH- Egypt has landed c. USD 6.1 bn in loans and other financing from Afreximbank, European Investment Bank. The African Export-Import Bank (Afreximbank) has earmarked USD 3.9 bn for Egypt to mitigate covid-19 fallout and stimulate trade with the rest of the continent. Afreximbank has disbursed USD 3.55 bn\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/141.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556048,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/10\/new-infusions-of-usd-for-state-banking-system\/","url_meta":{"origin":568115,"position":2},"title":"New infusions of USD for state, banking system?","author":"enterpriseam admin","date":"10 October 2021","format":false,"excerpt":"The Madbouly government is looking to raise USD 2 bn through a three-year syndicated facility, according to a Finance Ministry statement on Friday. The loan will include ESG and Islamic finance components, with the ESG tranche set to target green projects under the Finance Ministry\u2019s green financing framework, Emirates NBD,\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543588,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/08\/govt-ups-local-wheat-purchase-targets-by-over-10-y-o-y\/","url_meta":{"origin":568115,"position":3},"title":"Gov\u2019t ups local wheat purchase targets by over 10% y-o-y","author":"enterpriseam admin","date":"8 February 2022","format":false,"excerpt":"Egypt to buy 4 mn tonnes of local wheat this season: Egypt plans to purchase 4 mn tonnes of wheat from local farmers this season, up from 3.6 mn tonnes last year, Supply Minister Ali El Moselhy said yesterday, according to a ministry statement. 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