Ras al-Hikma

Egypt allocates land to construct Ras al-Hikma Airport
Egypt

Egypt allocates land to construct Ras al-Hikma Airport

The Egyptian Cabinet approved several decisions during its meeting on Monday headed by Prime Minister Mostafa Madbouly, most major of…
PM: 1st batch of IMF loan arrives in Egypt next week, 2nd of Ras al-Hikma deal in May
Egypt

PM: 1st batch of IMF loan arrives in Egypt next week, 2nd of Ras al-Hikma deal in May

Prime Minister Mostafa Madbouly said Saturday 30/03/2024 the first batch of the International Monetary Fund (IMF) loan is scheduled to…
Airport, business hub, entertainment & industrial areas to be part of Ras al-Hikma city: UAE investor
Egypt

Airport, business hub, entertainment & industrial areas to be part of Ras al-Hikma city: UAE investor

The UAE Minister of Investment and Director General of the Abu Dhabi Fund for Development, Mohammed al-Suwaidi, announced that the…
Fitch expects inflation rates in Egypt to decline on annual basis
Business

Fitch expects inflation rates in Egypt to decline on annual basis

The Fitch credit ratings agency expects a decline in Egypt’s inflation rate on an annual basis during the second half…
Egypt receives US$ 10 billion from Ras al-Hikma deal
Egypt

Egypt receives US$ 10 billion from Ras al-Hikma deal

Egyptian cabinet spokesperson Mohamed al-Hommosany announced that the government on Friday received another five billion dollars from the first installment…
Second tranche of Ras al-Hikma deal expected to be deposited on Friday: Sisi
Economy

Second tranche of Ras al-Hikma deal expected to be deposited on Friday: Sisi

Egypt has received the first tranche of funds pledged by the UAE from a total of $35 billion. President Abdel…
International Monetary Fund comments on Egypt’s Ras al-Hikma deal
Business

International Monetary Fund comments on Egypt’s Ras al-Hikma deal

The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, said that Egypt’s announcement on Friday of a $35…
Egyptian state to compensate people of Ras al-Hikma: Official
Egypt

Egyptian state to compensate people of Ras al-Hikma: Official

Egyptian Cabinet spokesperson Mohamed al-Hommosany assured that the state is fully committed to compensating the people of the Ras al-Hikma…
US dollar exchange rate to stabilize in six months: MP
Business

US dollar exchange rate to stabilize in six months: MP

The Chairman of the Plan and Budget Committee in the Egyptian House of Representatives and former expert at the IMF,…
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