{"id":587320,"date":"2023-05-25T00:00:00","date_gmt":"2023-05-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/25\/qatar-committed-to-its-egypt-investment-pledge-says-finance-minister\/"},"modified":"2023-05-25T00:00:00","modified_gmt":"2023-05-25T00:00:00","slug":"qatar-committed-to-its-egypt-investment-pledge-says-finance-minister","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/25\/qatar-committed-to-its-egypt-investment-pledge-says-finance-minister\/","title":{"rendered":"Qatar \u201ccommitted\u201d to its Egypt investment pledge, says finance minister"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good morning, dear readers <\/span><span style=\"font-weight:400;\">\u2014 and a very happy Thursday to you all.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">HAPPENING TODAY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><a id=\"wwtt3\"><\/a> <\/span><span style=\"font-weight:700\">It\u2019s the penultimate day of the AfDB annual meetings: <\/span><span style=\"\">The African Development Bank (AfDB) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/am.afdb.org\/\" style=\"\">annual<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/am.afdb.org\/\" style=\"\">meetings<\/a><\/span><span style=\"font-weight:400;\"> in Sharm El Sheikh continue today.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Avior \u2014 HC Egypt Conference:<\/span><span style=\"\"> HC Brokerage and Avior Capital Markets\u2019 virtual conference <\/span><span>concludes <\/span><span style=\"font-weight:400;\">today. The four-day event brings representatives from 29 EGX-listed companies together with financial institutions from the US, Canada, Europe, South Africa, the UAE, and Egypt to discuss investment opportunities.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><a id=\"wwtt1\"><\/a> <\/span><span style=\"font-weight:700\">Another four sessions are taking place at the National Dialogue:<\/span><span style=\"\"> Two discussing <\/span><span>pre-university education \u2014 including a draft decision to establish a National Council for Education \u2014 and two on ways to improve housing, according to the dialogue\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/National.Dialogue.NTA\/posts\/pfbid02eidjUZnsTpEi8HQELeDc7CC6oXKAiDv3hNSNyTsc6bz8Bq5y4ix3HLcrAxetfXWWl\" style=\"\">agenda<\/a><\/span><span>. You can catch the full sessions on the dailogue\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/National.Dialogue.NTA\" style=\"\">Facebook page<\/a><\/span><span style=\"font-weight:400;\">.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><a id=\"wwtt2\"><\/a> <\/span><span style=\"font-weight:700\">It\u2019s deadline day for Telecom Egypt employees to subscribe to the company\u2019s share <\/span><span style=\"font-weight:700\">offering:<\/span><span> The government is selling 0.5% of its stake in the state-owned company (8.5 mn shares) as part of its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/053a8175-6db9-4185-ab3d-520dc017ac28\" style=\"\">10% stake sale<\/a><\/span><span style=\"font-weight:400;\">. If the employee tranche is undersubscribed, the government has the option to sell any remaining shares to investors. Share transfers to employees will be executed by 1 June.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Remember:<\/span><span style=\"\"> The government sold 9.5% of the company to investors earlier this month, raising <\/span><span style=\"font-weight:400;\">almost EGP 3.75 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">HAPPENING NEXT WEEK-<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">IEF-IGU Ministerial Gas Forum:<\/span><span> The International Energy Forum and the International Gas Union will hold its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ief.org\/events\/8th-ief-igu-ministerial-gas-forum\" style=\"\">Ministerial Gas Forum<\/a><\/span><span style=\"font-weight:400;\"> on Monday, 29 May.<\/span><\/li>\n<li><span style=\"font-weight:700\">Deadline for 1Q financials: <\/span><span style=\"font-weight:400;\">Listed companies have until Tuesday, 30 May, to report and publish their 1Q results.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We\u2019ll know who\u2019s going to leading Turkey for the next five years: <\/span><span style=\"\">Turkish voters will head <\/span><span style=\"font-weight:400;\">to the polls on Sunday for the run-off vote after the two leading candidates \u2014 President Recep Tayyip Erdogan and rival Kemal Kilicdaroglu \u2014 failed to receive 50% of the votes needed in the country\u2019s elections earlier this month.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\" style=\"\">Check out our full calendar on the web<\/a><\/span><span style=\"font-weight:400;\"> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/span><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span><a id=\"wwtt4\"><\/a><\/span><span style=\"font-weight:700\">Qatar \u201ccommitted\u201d to Egypt investment:<\/span><span style=\"\"> Qatar is \u201ccommitted\u201d to fulfilling its pledge last year <\/span><span>to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c734fc23-c0c0-4322-bf5d-ce3c400e707a\" style=\"\">invest USD 5 bn<\/a><\/span><span> in Egypt, <\/span><span>Qatari Finance Minister Ali Al Kuwari told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-24\/qatar-says-investments-in-egypt-are-coming-but-no-more-deposits\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\"> yesterday, without providing a timeline.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">But deposits are a thing of the past: <\/span><span style=\"\">\u201cJust giving grants and charities are no longer <\/span><span style=\"\">the case <\/span><span style=\"font-weight:400;\">for Qatar \u2026 When it comes to grants and cash and just checks, it\u2019s becoming very difficult,\u201d he said, speaking during the Qatar Economic Forum.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Remember: <\/span><span style=\"\">The oil-rich nation has <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f72cd713-290a-4932-b374-56c1dbdcc856\" style=\"\">deposited some USD 3 bn<\/a><\/span><span style=\"\"> into the Central Bank of Egypt <\/span><span style=\"font-weight:400;\">over the past year as part of a wider Gulf effort to prevent Egypt from sliding into an economic and financial crisis triggered by tightening financial conditions and the war in Ukraine.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">FinMin wants to take out more loans: <\/span><span style=\"\">The Finance Ministry is looking to secure more <\/span><span>long-term concessional loans from regional and international development banks to fund healthcare, education, and food spending, Finance Minister Mohamed Maait said yesterday during a meeting with Citibank officials, the ministry said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3WyH5hI\" style=\"\">a statement<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Debt to multilateral lenders has surged in recent years:<\/span><span style=\"\"> The amount of money owed to <\/span><span>multilateral lenders has more than quadrupled over the past decade, rising fro<\/span><span>m USD 11.4 bn <\/span><span>in 1Q 2012-2013 to <\/span><span>USD 49.7 bn<\/span><span> at the end of 1Q 2022-2023, according to central bank data. Multilateral institutions accounted for a third of Egypt\u2019s USD 155 bn external debt as of the end of September.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1415.jpg?ssl=1\"><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">THE BIG STORIES ABROAD-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">How not to announce your bid for the presidency: <\/span><span style=\"\">Florida governor Ron DeSantis\u2019 courting <\/span><span>of Elon Musk and Twitter to launch his presidential campaign went badly wrong yesterday when glitches plagued the live stream. The audio of the hour-long conversation between DeSantis and Musk went down, and thousands of viewers were either dropped from the stream or were not able to join. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/apnews.com\/article\/ron-desantis-2024-presidential-election-live-updates-0495d567326db1e760179d01f1f7c45e\" style=\"\">Associated Press<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/us\/republican-desantis-announce-2024-presidential-run-wednesday-2023-05-23\/\" style=\"\">Reuters<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/74b159b2-6c96-4fa0-8d1d-67e9c2b28eda\" style=\"\">Financial Times<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.nytimes.com\/live\/2023\/05\/24\/us\/desantis-2024-election-president\" style=\"\">New York Times<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.washingtonpost.com\/elections\/2023\/05\/24\/ron-desantis-2024-president-announcement\/\" style=\"\">Washington Post<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/articles\/ron-desantis-trump-successor-president-3e9df9d6?mod=hp_lead_pos3\" style=\"\">Wall Street Journal<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">US could face rating downgrade as debt ceiling impasse continues:<\/span><span style=\"\"> Rating agency Fitch <\/span><span>warned yesterday that the US could lose its AAA credit rating due to the ongoing standoff over the debt ceiling. Republicans and Democrats both said yesterday that talks have been productive but that several issues remain unresolved. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/markets\/us\/white-house-republicans-plan-convene-us-debt-ceiling-deadline-looms-2023-05-24\/\" style=\"\">Reuters<\/a>&nbsp;<\/span><span style=\"background-color: transparent;\">|&nbsp;<\/span><span style=\"background-color: transparent; text-decoration-skip-ink: none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-24\/united-states-may-be-cut-by-fitch-ratings-on-debt-limit-fight?srnd=premium-middle-east\">Bloomberg<\/a>&nbsp;<\/span><span style=\"background-color: transparent;\">|&nbsp;<\/span><span style=\"background-color: transparent; text-decoration-skip-ink: none;\"><a href=\"https:\/\/www.ft.com\/content\/bb050a4e-b4b5-410b-baef-3e01ae7b27e8\">Financial Times<\/a>&nbsp;<\/span><span style=\"background-color: transparent;\">|&nbsp;<\/span><span style=\"background-color: transparent; text-decoration-skip-ink: none;\"><a href=\"https:\/\/www.wsj.com\/articles\/yellen-says-treasury-is-committed-to-efforts-to-raise-the-debt-ceiling-8ceaee1e\">Wall Street Journal<\/a>&nbsp;<\/span><span style=\"background-color: transparent;\">|&nbsp;<\/span><span style=\"background-color: transparent; text-decoration-skip-ink: none;\"><a href=\"https:\/\/www.cnbc.com\/2023\/05\/24\/fitch-us-aaa-rating-negative-watch-debt-ceiling.html\">CNBC<\/a><\/span><span style=\"background-color: transparent;\">)<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/span><\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE REALIGNMENT-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span><a id=\"wwtt5\"><\/a><\/span><span style=\"font-weight:700\">Egypt + Iran to normalize ties this year -The National: <\/span><span style=\"\">Cairo and Tehran will appoint <\/span><span>ambassadors in the coming months under a mediation process led by Oman, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thenationalnews.com\/mena\/2023\/05\/24\/egypt-and-iran-to-exchange-ambassadors-this-year-as-part-of-normalising-ties\/\" style=\"\">the National<\/a><\/span><span> reported yesterday, citing Egyptian officials. <\/span><span style=\"font-weight:400;\">The news outlet also reports that a meeting between President Abdel Fattah El Sisi and Iran\u2019s Ebrahim Raisi has been agreed on in principle, and is likely to take place before the end of the year.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The Sultan of Oman was in Cairo this week:<\/span><span style=\"\"> Haitham bin Tarek <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/89c15206-99f2-4be1-be37-f423c3adb1c1\" style=\"\">held talks<\/a><\/span><span style=\"\"> with President El <\/span><span>Sisi in Cairo this week about what the Oman Foreign Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fm.gov.om\/his-majesty-and-egyptian-president-hold-talks\/?sfw=pass1684702401\" style=\"\">said<\/a><\/span><span style=\"font-weight:400;\"> was \u201cvarious regional and international developments.\u201d<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">And now he\u2019s going to Iran:<\/span><span style=\"\">&nbsp;Bin Tarek will travel to Iran on Sunday for a two-day visit, the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.omannews.gov.om\/topics\/ar\/85\/show\/418243\/ona\" style=\"\">Oman News Agency<\/a><\/span><span style=\"font-weight:400;\"> said yesterday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">This hasn\u2019t come from nowhere:<\/span><span style=\"\"> Recent <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0f44c41-ff88-4e13-bc3f-aa66ea6f7f9a\" style=\"\">optimistic statements<\/a><\/span><span style=\"\"> from Iranian officials and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bae63416-8277-496e-8c07-3e0e56df3cc3\" style=\"\">media reports<\/a><\/span><span> have heightened speculation that the two countries are seeking to normalize relations. Foreign Minister Sameh Shoukry has played down the rumors, calling them \u201c<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6606eb1a-b10f-491d-b996-25da7bbc1cab\" style=\"\">unfounded speculation<\/a><\/span><span style=\"font-weight:400;\">\u201d in a recently televised interview. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">An Egypt-Iran would be the latest in a series of of shock rapprochements in the region:<\/span><span style=\"font-weight:400;\">Previous arch-foes Saudi Arabia and Iran are getting ready to reopen embassies, Syria has been welcomed back into the Arab League, and Egypt and Turkey are talking seriously about ending years of hostilities.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Ever better friends:<\/span><span style=\"\"> Russia and China solidified economic ties through a set of agreements <\/span><span>during a visit to Beijing yesterday by Russian PM Mikhail Mishustin, who said relations between the two countries \u201care at an unprecedented high level.\u201d (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/russia-china-set-ink-bilateral-pacts-despite-western-criticism-2023-05-24\/\" style=\"\">Reuters<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/span><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">COME WORK FOR OUR ADVISORY ARM-<\/span><span style=\"font-weight:400;\">Enterprise Advisory (formerly known as Inktank Communications) is looking for smart, talented people to help us tell the stories of exciting companies. Enterprise Advisory is the region\u2019s leading investor relations advisory company and works on investor and strategic communications issues that take you deep inside the c-suite. Our clients are in Egypt, Saudi Arabia, the UAE and beyond. Egyptian and foreign nationals alike are welcome to apply.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We\u2019re running a four-month training program for fresh grads and career switchers <\/span><span style=\"font-weight:400;\">and will hire every successful grad of the program. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Apply directly to jobs@enterprisemea.com and mention \u201cadvisory development<\/span><span style=\"font-weight:700\"> program\u201d<\/span><span style=\"font-weight:400;\"> in your subject line.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>No more \u201cgrants and charities,\u201d Ali Al Kuwari says<\/p>\n","protected":false},"author":1,"featured_media":587321,"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":[7204],"tags":[168,72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-587320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-diplomacy","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"e33e03ae-a500-4c47-aaf5-34d82fd3fb42","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/5\/1417.JPG","photo_position":"above","homepage_title":"","full_issue_title":"Qatar \u201ccommitted\u201d to its Egypt investment pledge \u2014 but no more deposits","related_issue":[587318],"teaser":"No more \u201cgrants and charities,\u201d Ali Al Kuwari says","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.19a42bd9-243f-45f0-9161-39f6cf37973c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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THE BIG STORIES TODAY #1- Panda bonds, but make them green: The African Development Bank (AfDB) has agreed to provide ins. coverage for USD 345 mn of our maiden USD 500\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/602.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587292,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/24\/this-evening-suez-canal-revenues-to-hit-usd-8-8-bn-this-year-rabie-says\/","url_meta":{"origin":587320,"position":1},"title":"THIS EVENING: Suez Canal revenues to hit USD 8.8 bn this year, Rabie says","author":"enterpriseam admin","date":"24 May 2023","format":false,"excerpt":"Good afternoon, wonderful people, and happy almost-THURSDAY. It\u2019s another relatively slow day on the home front today as we trudge towards the weekend. THE BIG STORY TODAY Suez Canal revenues are expected to hit USD 8.8 bn in 2023, which would mark a 10% y-o-y increase, Suez Canal Economic Zone\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/350.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601195,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/what-were-tracking-on-21-february-2019\/","url_meta":{"origin":587320,"position":2},"title":"What we\u2019re tracking on 21 February 2019","author":"enterpriseam admin","date":"21 February 2019","format":false,"excerpt":"Turkey-style migration agreement with the EU takes a step forward next week: The EU-Arab League summit is set to take place on Sunday, 24 February in Sharm El Sheikh. The summit\u2019s agenda will heavily feature illegal immigration, terrorism and development, Prime Minister Moustafa Madbouly said during yesterday\u2019s weekly cabinet meeting.\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600815,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/afdb-provided-egypt-with-usd-506-mn-in-2018-blomberg-says\/","url_meta":{"origin":587320,"position":3},"title":"AfDB provided Egypt with USD 506 mn in 2018, Blomberg says","author":"enterpriseam admin","date":"11 February 2019","format":false,"excerpt":"The African Development Bank (AfDB) provided Egypt with USD 506 mn in funding in 2018, Country Manager for Egypt Malinne Blomberg said. The bank will also prepare a new five-year partnership strategy for its investments in Egypt as of 2020, Blomberg said, without providing any details on the amount of\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634920,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/nasr-signs-usd-500-mn-tranche-disbursal-agreement-with-afdb\/","url_meta":{"origin":587320,"position":4},"title":"Nasr signs USD 500 mn tranche disbursal agreement with AfDB","author":"enterpriseam admin","date":"29 January 2018","format":false,"excerpt":"Investment and International Cooperation Minister Sahar Nasr signed the agreement with the African Development Bank (AfDB) for the third USD 500 mn tranche of the USD 1.5 bn loan yesterday, according to a ministry statement. 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