A year ago, Saudi Arabia pledged to invest $10bn in Egypt, but so far the country has delivered only $1.3bn
Egypt said it’s willing to do whatever it takes to make Saudi Arabia feel at ease with increasing investment in the crisis-hit country, a move to secure funding that may be vital to arrest an economic decline.
Egyptian finance minister Mohamed Maait said the North African nation is “keen to support everything that is required to increase Saudi investments,” amid Egypt’s “unprecedented support for the local and foreign private sector”, according to a statement Friday. ..
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Arabia To 'Change Laws' For Messi Salary | Soccer LadumaSaudi Arabia are reportedly willing to change their laws to allow Lionel Messi to be handed a blockbuster contract in the Middle East following Cristiano Ronaldo’s arrival in January. SLInt Read more:
Read more »
Verstappen shrugs off bug to top practice in Saudi ArabiaMax Verstappen showed no ill effects from a stomach bug on Friday as he topped the times for Red Bull ahead of Fernando Alonso in Friday's second free practice at this weekend's Saudi Arabian Grand Prix.
Read more »
Oil bounces back on China demand hopesBrent crude futures rise 81c after a meeting between Saudi Arabia and Russia calms markets
Read more »
Analysis: Egypt asset sales face obstacles as state maintains gripEgypt has promised the International Monetary Fund it will roll back the state's involvement in the economy and allow private companies a much greater role, yet several recent moves show it continuing to expand its holdings and tighten its control.
Read more »
SA’s cycling juniors on the right track after medal treasure in EgyptImproved and more specific training techniques helped South Africa speed to an increased medal haul at the CAC Continental Track Championship in Cairo last week.
Read more »
Top Turkish diplomat to visit Egypt after a decade of tensionTurkey's foreign minister will travel to Cairo on Saturday in a further sign of thawing relations a decade after diplomatic links were cut by the overthrow of Egypt's then president and Ankara's ally Mohamed Mursi.
Read more »