Arab Today, arab today qatari deposit in cbe to be completed soon
Last Updated : GMT 15:33:39
Arab Today, arab today
Arab Today, arab today

Unveiling of $18bn investments in Egypt

Qatari deposit in CBE to be completed soon

Arab Today, arab today

Arab Today, arab today Qatari deposit in CBE to be completed soon

Joint conference in Cairo
Cairo - Akram Ali

Joint conference in Cairo Qatar will inject $18 billion worth of investments into Egypt over the course of the coming five years, said Prime Minister Hamad Bin Jassim. He announced this at joint conference in Cairo with Egyptian Prime Minister Hisham Qandil.
The pledged investment included around $8 billion. This will be allocated to electricity and natural gas projects in the area of Sarq al-Tafreaa, in the east of the Suez Canal, where Egypt has longstanding plans to build a massive industrial city.
Another $10 billion will go to a planned tourist resort on Egypt\'s north coast. Bin Jassim praised the Egyptian government for putting strict timelines for achieving the Qatari investments in the country, which shows that Egypt is serious about this issue.
\"All the constraints that hindered our cooperation with Egypt in the past are over, there is no ceiling for this cooperation now,\" Bin Jassim said.
In yet another indication of friendship between the two nations, Egyptian President Mohamed Morsi met with Bin Jassim following the latter\'s arrival to Cairo on Thursday. According to Bin Jassim, he and Morsi have agreed to increase the number of Egyptian employees and workers in Qatar.
In early August, Qatar pledged to deposit $2 billion in the Central Bank of Egypt (CBE), as a mean of easing the country\'s budget deficit. The promise was made following a visit by Qatar\'s Emir Sheikh Hamad bin Khalifa Al Thani, to Egypt, where he met with Morsi.
Later in August, Qatar deposited the first part – worth around $500 million – in the CBE.
Bin Jassim said at Thursday\'s press conference that Qatar would transfer the rest of the pledged $2 billion in three installments within the next two months, the second part will be transferred by the end of this month.
For his part, PM Hisham Qandil announced that both countries have also agreed to organise more air flights between them, the thing that will encourage more Qatari tourists and investors to visit Egypt.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatari deposit in cbe to be completed soon Arab Today, arab today qatari deposit in cbe to be completed soon

 



Arab Today, arab today
Arab Today, arab today Rabia Fatima reveals role of "Facebook" in her career

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach

GMT 11:14 2017 Wednesday ,22 February

Lloyds Banking Group posts surging profits

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide

GMT 09:57 2017 Tuesday ,21 February

Greece agrees to bailout reforms compromise

GMT 09:55 2017 Monday ,20 February

Thailand 2016 growth up but below junta target

GMT 09:29 2017 Monday ,20 February

Kraft Heinz withdraws bid for Unilever

GMT 09:22 2017 Monday ,20 February

China's huge debt poses big headache for central bank
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday