{"id":605893,"date":"2023-09-07T00:00:00","date_gmt":"2023-09-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/07\/abu-dhabis-export-finance-agency-is-funding-more-emirati-exports-to-egypt\/"},"modified":"2023-09-07T00:00:00","modified_gmt":"2023-09-07T00:00:00","slug":"abu-dhabis-export-finance-agency-is-funding-more-emirati-exports-to-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/07\/abu-dhabis-export-finance-agency-is-funding-more-emirati-exports-to-egypt\/","title":{"rendered":"Abu Dhabi\u2019s export finance agency is funding more Emirati exports to Egypt"},"content":{"rendered":"

We\u2019re going to be importing more from the UAE: <\/strong> Abu Dhabi Exports Office (ADEX) is set to extend a USD 100 mn revolving loan to the National Bank of Egypt (NBE) to fund imports from the UAE, the state-run Emirates News Agency<\/a>(WAM) reports. The financing agreement, which was inked by the two parties yesterday, seeks to boost Emirati exports to Egypt. ADEX is the export finance arm of the Abu Dhabi Fund for Development (ADFD).<\/p>\n

What they said: <\/strong> \u201cOur aim is to empower Emirati exporters to expand their international presence,\u201d said ADFD Director General Mohamed Saif Al Suwaidi. \u201cThe financing . . . actively contributes to the growth of our national economy and enriches a strategic partnership that enhances trade relations between our two countries.\u201d<\/p>\n

That\u2019s the second loan from ADEX in less than a month: <\/strong> ADEX in August provided the government with a five-year USD 100 mn revolving loan<\/a> to purchase some USD 500 mn<\/a> worth of wheat from Emirati agribusiness Al Dahra.<\/p>\n","protected":false},"excerpt":{"rendered":"

The agreement comes less than a month after ADEX agreed to finance Emirati wheat exports to Egypt<\/p>\n","protected":false},"author":1,"featured_media":605894,"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":[8516],"tags":[88,11567,72,248,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-debt-watch","tag-egypt-uae","tag-enterpriseam","tag-national-bank-of-egypt","tag-trade","wpautop","entry"],"acf":{"mongo_id":"61b10d06-dd12-4995-8488-5cd4a0eeba42","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/575.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Abu Dhabi\u2019s export finance agency is funding more UAE exports to Egypt","related_issue":[605886],"teaser":"The agreement comes less than a month after ADEX agreed to finance Emirati wheat exports to Egypt","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/9\/.f1681a72-52df-48e0-ad3a-780d852e4591.mp3"},"yoast_head":"\nAbu Dhabi\u2019s export finance agency is funding more Emirati exports to Egypt - 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\/2023\/09\/07\/abu-dhabis-export-finance-agency-is-funding-more-emirati-exports-to-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abu Dhabi\u2019s export finance agency is funding more Emirati exports to Egypt\" \/>\n<meta property=\"og:description\" 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