Saudi Arabia ranks 2nd among Egypt’s trading partners in Q1 2024
The Central Bank of Egypt (CBE) said that the Kingdom of Saudi Arabia ranked second among Egypt’s top trading partners until the end of the first quarter (Q1) of 2024, with trading worth $5.209bn, including $3.871bn imports and$1.338bn exports.
Exclusive: Saudi Crown Prince to arrive in Egypt within hours, announce major investments
Saudi Crown Prince Mohammed bin Salman is expected to arrive in Cairo, Egypt within hours, where he will announce several major investments and projects, sources close to the matter have told Daily News Egypt. The visit comes as part of
Egypt, Saudi Arabia explore opportunities to boost trade, investments
Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, has met with Abdulaziz Al-Sukran, Deputy of Saudi Arabia’s General Authority for Foreign Trade, to discuss strategies for strengthening and developing economic cooperation between the two countries across various sectors. El-Khatib
Magnom Properties invests $1bn Forbes International Tower development in Egypt
Magnom Properties, the real estate arm of Rawabi Holding, announced that it is considering launching the Forbes International Tower project in Saudi Arabia and the UAE, with projected investments exceeding $1bn for each location, according to the company’s CEO, Maged
Saudi-Egyptian cooperation crucial for regional security: Bin Farhan – Dailynewsegypt
Saudi Foreign Minister Prince Faisal bin Farhan said Tuesday that cooperation between Saudi Arabia and Egypt is crucial for regional security, highlighting the importance of ongoing coordination and consultations between the two countries. “We have a genuine desire to deepen
First transformer installed in Egypt-Saudi electricity interconnection project
Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, has overseen the commencement of installation of the first transformer at the Egypt-Saudi Arabia electricity interconnection station in Badr City, a major step forward in the construction of the landmark project.