Search Result
" Ras El-Hekma"

20 results

Business - Economy
5/23/2024 12:10:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will convene Thursday to decide on key interest rates for the last time in FY2023/2024, amid expectations that it will maintain the current interest rates as inflation rates have started to take a downward path over the past two months.

Business - Economy
5/19/2024 10:43:56 PM
Fitch Ratings has revised its outlook on four Egyptian banks to positive from stable, affirming their long-term issuer default ratings at B-, the US-based credit rating agency announced on Saturday.

Business - Economy
5/15/2024 3:23:50 PM
The Egyptian government said on Wednesday it has received $14 billion as the second batch of funding from the $35 billion Ras El-Hekma development deal.

Egypt - Tourism
5/8/2024 10:49:08 PM
Prime Minister Mostafa Madbouly issued instructions on Wednesday to establish a new international tourist maritime port in the new city of Ras El-Hekma on the North Coast to receive tourist yachts and cruise ships.

Business - Economy
5/4/2024 6:47:00 PM
Fitch Ratings upgraded its outlook for Egypt's Long-Term Foreign-Currency Issuer (LFTC) to positive from stable while affirming its issuer default rating at B-, the credit rating agency announced in its report on Egypt on Friday.

Business - Economy
4/21/2024 4:51:24 PM
Freezoner, a UAE-based investor services provider for company establishment, has joined forces with International Free Zone Authority, based in Dubai, to organize the Investing in the Golden Triangle Conference in Egypt.

Business - Economy
4/21/2024 2:07:07 PM
No offers for the development and exploitation of the coastal Ras Gamila zone will be considered until an international advisory firm is selected to design an optimal investment plan for the area, Spokesperson from the Ministry of Public Enterprise Mansour Abdelghany told Ahram Online.

Egypt - Urban & Transport
4/8/2024 11:12:01 PM
Egypt’s cabinet allocated on Monday two plots land in Matrouh governorate to the Ministry of Civil Aviation for the establishment of Ras El-Hekma International Airport.

Business - Economy
3/31/2024 12:10:06 PM
Prime Minister Mostafa Madbouly disclosed that Egypt is set to receive the initial tranche of $820 million from the International Monetary Fund (IMF) expanded loan next week, along with the second tranche from the Ras El-Hekma deal in early May.

Business - Economy
3/30/2024 12:59:11 AM
The Executive Board of the International Monetary Fund (IMF) completed on Friday the first and second reviews of Egypt’s 46-month Extended Fund Facility arrangement with Egypt and approved an expansion of the original program by about $5 billion.

Al-Ahram Weekly - Economy
3/5/2024 9:07:26 PM
Niveen Wahish reviews the positive economic impacts of the Ras Al-Hekma deal signed last week

Egypt - Politics
3/4/2024 4:43:15 PM
Egypt is aiming for the “immediate” release of all goods remaining at various ports nationwide a week after signing the $35 billion Ras El-Hekma investment deal with the United Arab Emirates.

Al-Ahram Weekly - Egypt
3/3/2024 11:46:00 PM
The timing of the purchase of the development rights to Ras Al-Hekma on Egypt’s North Coast by the Abu Dhabi Sovereign Wealth Fund could not have been better for the economy.

Business - Economy
3/1/2024 5:49:00 PM
Egypt received an additional $5 billion as the final part of the first tranche of the $35 billion Ras El-Hekma deal with the United Arab Emirates on Friday, the Egyptian Cabinet stated.

Business - Economy
2/29/2024 8:38:58 PM
Prime Minister Mostafa Madbouly said Egypt received the first batch ($5 billion) from the $35 billion Ras El-Hekma investment partnership deal with the UAE.

Business - Economy
2/28/2024 1:32:51 PM
President Abdel-Fattah El-Sisi said Egypt received the first batch of funding from the newly signed $35 billion Ras El-Hekma development deal on Tuesday, while a second batch will be delivered on Friday.

Al-Ahram Weekly - Egypt
2/27/2024 10:14:17 PM
The Ras Al-Hekma investment project is poised to advance Egypt’s tourism industry, writes Nevine El-Aref

Al-Ahram Weekly - Economy
2/27/2024 9:56:03 PM
The Ras Al-Hekma development deal will transform Egypt’s North Coast into a world-class residential and tourist hub

Business - Economy
2/24/2024 9:54:00 PM
Egypt signed with the UAE on Friday its largest ever direct direct investment partnership deal meant to develop the Ras El-Hekma region into the first-of-its-kind Mediterranean urban community.

Business - Economy
2/23/2024 3:59:08 PM
Egypt and Emirati investors signed on Friday a historic deal to build a multi-billion new state-of-the-art city of Ras El Hekma as a new massive urban, business and tourism centre in the country's North Coast.