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FINANCIAL NEWS
Egypt, Saudi Arabia to enhance business ties
09 Apr 2016
(MENAFN) Egypt and Saudi Arabia are expected to sign 24 agreements, which will vary between many economic sectors; like elect, housing and education.
Moreover, the two sides will sign a loan value USD 1.5bn, which will be given for the development of a university in Sinai.
Additionally, the Sinai area will acquire almost 50 percent of the anticipated deals, involving the establishment of the Development Road.
The Saudi investors pledged to invest US dollars to Egypt, in order to supplement Egypt’s deficit, which dropped to USD 16.5bn.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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