• Agrofood
  • Business & Economy
  • Construction
  • Technology
  • Energy
  • Hospitality
  • Events
    • Event News
    • Upcoming Events
IFP Info - News
  • Agrofood
    • All
    • Agriculture
    • Environment
    • Food
    MENA’s Processed Meat Market Set to Hit $62B and 17M Tons by 2035

    MENA’s Processed Meat Market Set to Hit $62B and 17M Tons by 2035

    Oman to Launch Nation’s First Camel Cheese Factory in Dhofar

    Oman to Launch Nation’s First Camel Cheese Factory in Dhofar

    Oman: Contributions of the AgriFish Fund to the fisheries sector

    Oman: Contributions of the AgriFish Fund to the fisheries sector

    GCC Indoor Farming Market to Reach USD 1.43 Billion by 2029 Amid Rising Demand for Sustainable Agriculture

    GCC Indoor Farming Market to Reach USD 1.43 Billion by 2029 Amid Rising Demand for Sustainable Agriculture

    Ashghal Begins Work on State-of-the-Art Animal and Agricultural Research Labs

    Ashghal Begins Work on State-of-the-Art Animal and Agricultural Research Labs

    Africa Requires $100 Billion by 2035 to Transform Its Food Systems

    Africa Requires $100 Billion by 2035 to Transform Its Food Systems

    Oman Trials Drones for Desert Locust Control

    Oman Trials Drones for Desert Locust Control

    Qatar Sells Over 37,000 Tons of Local Vegetables in 2024

    Qatar Sells Over 37,000 Tons of Local Vegetables in 2024

    Egypt Signs Strategic Agreement with Spain’s Tejedor Lazaro to Advance Aquaculture Sector

    Egypt Signs Strategic Agreement with Spain’s Tejedor Lazaro to Advance Aquaculture Sector

    Trending Tags

    • Business & Economy
      • All
      • Business
      • Economy
      • Finance
      • Industry
      • Technology
      • Trade
      • Transport & Logistics
      Iraq Rises to Fourth Largest Economy in the Arab World

      Iraq Rises to Fourth Largest Economy in the Arab World

      Iraq’s GDP Grows 35% Amid Surge in Investment Spending

      Iraq’s GDP Grows 35% Amid Surge in Investment Spending

      Empowering Oman’s Future: Turning AI Vision into Practical Impact

      Empowering Oman’s Future: Turning AI Vision into Practical Impact

      Oman’s Logistics Sector Gets $260 Million Boost with New Investment Deals

      Oman’s Logistics Sector Gets $260 Million Boost with New Investment Deals

      Iraq and Qatar Deepen Strategic Ties with Focus on $17B Development Road Project

      Iraq and Qatar Deepen Strategic Ties with Focus on $17B Development Road Project

      Iraq Targets $60.4 Billion in Non-Oil Revenues by 2028

      Iraq Targets $60.4 Billion in Non-Oil Revenues by 2028

      Qatar’s Thriving Tech Sector Boosts GDP and Attracts Global Talent

      Qatar’s Thriving Tech Sector Boosts GDP and Attracts Global Talent

      Oman Forecasts 3.4% Economic Growth for 2025

      Oman Forecasts 3.4% Economic Growth for 2025

      Oman’s Private Sector Pumps Over $5 Billion into Economic and Free Zones in 2024

      Oman’s Private Sector Pumps Over $5 Billion into Economic and Free Zones in 2024

      Trending Tags

      • Construction
        • All
        • Infrastructure
        • Real Estate
        Italian Participation at Project Lebanon 2025 Underscores Strong Bilateral Ties

        Italian Participation at Project Lebanon 2025 Underscores Strong Bilateral Ties

        Oman Launches $62 Million Water Infrastructure Projects to Strengthen Regional Supply

        Oman Launches $62 Million Water Infrastructure Projects to Strengthen Regional Supply

        Qatar Launches $4 Billion Power and Water Project to Meet Rising Demand

        Qatar Launches $4 Billion Power and Water Project to Meet Rising Demand

        Qatar’s Ashghal Launches Ambitious $22 Billion Infrastructure Plan for 2025–2029

        Qatar’s Ashghal Launches Ambitious $22 Billion Infrastructure Plan for 2025–2029

        Construction Launches on “Baghdad View,” Iraq’s Largest Vertical Residential Development

        Construction Launches on “Baghdad View,” Iraq’s Largest Vertical Residential Development

        Project Lebanon 2025 Conference Kicks Off a New Era of Opportunities

        Project Lebanon 2025 Conference Kicks Off a New Era of Opportunities

        Project Lebanon 2025 Showcases Global Solutions for Sustainable Development and Economic Recovery

        Project Lebanon 2025 Showcases Global Solutions for Sustainable Development and Economic Recovery

        Prime Minister Nawaf Salam Affirms National Renewal at Project Lebanon 2025 Opening

        Prime Minister Nawaf Salam Affirms National Renewal at Project Lebanon 2025 Opening

        GCC Decorative Laminates Market to Reach USD 260.64 Million by 2029, Driven by Construction Boom and Design Innovation

        GCC Decorative Laminates Market to Reach USD 260.64 Million by 2029, Driven by Construction Boom and Design Innovation

        Trending Tags

        • Technology
          • All
          • Business Tech
          • IT & Telecom
          Empowering Oman’s Future: Turning AI Vision into Practical Impact

          Empowering Oman’s Future: Turning AI Vision into Practical Impact

          Qatar’s Thriving Tech Sector Boosts GDP and Attracts Global Talent

          Qatar’s Thriving Tech Sector Boosts GDP and Attracts Global Talent

          Cisco VP: GCC Must Bridge AI Readiness Gap with Investment in Infrastructure, Skills, and Security

          Cisco VP: GCC Must Bridge AI Readiness Gap with Investment in Infrastructure, Skills, and Security

          How AI Is Shaping the Workforce of Tomorrow

          How AI Is Shaping the Workforce of Tomorrow

          How AI and Digital Labour Are Reshaping the Future of Work in the Middle East

          How AI and Digital Labour Are Reshaping the Future of Work in the Middle East

          Why the Middle East’s AI Strategy Needs More Than Just Large Language Models

          Why the Middle East’s AI Strategy Needs More Than Just Large Language Models

          Middle East Businesses Ramp Up AI Investments as 91% Expect Productivity Gains

          Middle East Businesses Ramp Up AI Investments as 91% Expect Productivity Gains

          Driving Middle East Growth: Accelerating AI and Cloud Adoption for Smarter Governance

          Driving Middle East Growth: Accelerating AI and Cloud Adoption for Smarter Governance

          How AI Drives the Success of MENA’s Mega Projects

          How AI Drives the Success of MENA’s Mega Projects

          Trending Tags

          • Energy
            • All
            • Oil & Gas
            • Power & Electricity
            • Renewable Energy
            Qatar Adds 875 MW in Solar Power, Boosts Renewable Energy Push

            Qatar Adds 875 MW in Solar Power, Boosts Renewable Energy Push

            Oman Breaks Ground on $1.6 Billion Marsa LNG Project in Suhar

            Oman Breaks Ground on $1.6 Billion Marsa LNG Project in Suhar

            Iraq Targets 38,000 MW Power Boost with Siemens and GE Deals to Tackle Energy Shortages

            Iraq Targets 38,000 MW Power Boost with Siemens and GE Deals to Tackle Energy Shortages

            Iraq Allocates $763.5 Million to Expand Residential Solar Energy

            Iraq Allocates $763.5 Million to Expand Residential Solar Energy

            Al Bilal Group Secures Licenses for 525 MW Solar Projects in Iraq

            Al Bilal Group Secures Licenses for 525 MW Solar Projects in Iraq

            Iraq Begins Work on 921MW Al-Nasiriyah Power Plant

            Iraq Begins Work on 921MW Al-Nasiriyah Power Plant

            Africa and Middle East Set to Add 2.9 GW of Onshore Wind Capacity in 2025

            Africa and Middle East Set to Add 2.9 GW of Onshore Wind Capacity in 2025

            China’s Shanghai Electric to Build $200M Wind Turbine Facility in Oman

            China’s Shanghai Electric to Build $200M Wind Turbine Facility in Oman

            Iraq’s Solar Energy Push Draws Interest from 150 Companies

            Iraq’s Solar Energy Push Draws Interest from 150 Companies

            Trending Tags

            • Hospitality
              Qatar Leverages Sports to Fast-Track 2030 Tourism Goals

              Qatar Leverages Sports to Fast-Track 2030 Tourism Goals

              GCC Hospitality and Food Service Market to Grow at 9.25% CAGR Through 2029

              GCC Hospitality and Food Service Market to Grow at 9.25% CAGR Through 2029

              Baghdad Welcomes Major Hotel Opening Ahead of Arab Summit

              Baghdad Welcomes Major Hotel Opening Ahead of Arab Summit

              Unlocking Growth: Key Opportunities in the Middle East Hospitality Market

              Unlocking Growth: Key Opportunities in the Middle East Hospitality Market

              Oman Charts a Visionary Course Toward Tourism-Driven Growth and Economic Diversification

              Oman Charts a Visionary Course Toward Tourism-Driven Growth and Economic Diversification

              Qatar Set to Welcome Record 5.3 Million Tourists in 2025

              Qatar Set to Welcome Record 5.3 Million Tourists in 2025

              Business Travel in MENA Projected to Hit $270.8 Billion by 2030

              Business Travel in MENA Projected to Hit $270.8 Billion by 2030

              Qatar Ranks Second in UN Tourism Online Academy Participation

              Qatar Ranks Second in UN Tourism Online Academy Participation

              Qatar’s Hotel Market Set for Strong Growth, Revenue to Near $537 Million in 2025

              Qatar’s Hotel Market Set for Strong Growth, Revenue to Near $537 Million in 2025

              Trending Tags

              • Events
                • Event News
                • Upcoming Events
              No Result
              View All Result
              • Agrofood
                • All
                • Agriculture
                • Environment
                • Food
                MENA’s Processed Meat Market Set to Hit $62B and 17M Tons by 2035

                MENA’s Processed Meat Market Set to Hit $62B and 17M Tons by 2035

                Oman to Launch Nation’s First Camel Cheese Factory in Dhofar

                Oman to Launch Nation’s First Camel Cheese Factory in Dhofar

                Oman: Contributions of the AgriFish Fund to the fisheries sector

                Oman: Contributions of the AgriFish Fund to the fisheries sector

                GCC Indoor Farming Market to Reach USD 1.43 Billion by 2029 Amid Rising Demand for Sustainable Agriculture

                GCC Indoor Farming Market to Reach USD 1.43 Billion by 2029 Amid Rising Demand for Sustainable Agriculture

                Ashghal Begins Work on State-of-the-Art Animal and Agricultural Research Labs

                Ashghal Begins Work on State-of-the-Art Animal and Agricultural Research Labs

                Africa Requires $100 Billion by 2035 to Transform Its Food Systems

                Africa Requires $100 Billion by 2035 to Transform Its Food Systems

                Oman Trials Drones for Desert Locust Control

                Oman Trials Drones for Desert Locust Control

                Qatar Sells Over 37,000 Tons of Local Vegetables in 2024

                Qatar Sells Over 37,000 Tons of Local Vegetables in 2024

                Egypt Signs Strategic Agreement with Spain’s Tejedor Lazaro to Advance Aquaculture Sector

                Egypt Signs Strategic Agreement with Spain’s Tejedor Lazaro to Advance Aquaculture Sector

                Trending Tags

                • Business & Economy
                  • All
                  • Business
                  • Economy
                  • Finance
                  • Industry
                  • Technology
                  • Trade
                  • Transport & Logistics
                  Iraq Rises to Fourth Largest Economy in the Arab World

                  Iraq Rises to Fourth Largest Economy in the Arab World

                  Iraq’s GDP Grows 35% Amid Surge in Investment Spending

                  Iraq’s GDP Grows 35% Amid Surge in Investment Spending

                  Empowering Oman’s Future: Turning AI Vision into Practical Impact

                  Empowering Oman’s Future: Turning AI Vision into Practical Impact

                  Oman’s Logistics Sector Gets $260 Million Boost with New Investment Deals

                  Oman’s Logistics Sector Gets $260 Million Boost with New Investment Deals

                  Iraq and Qatar Deepen Strategic Ties with Focus on $17B Development Road Project

                  Iraq and Qatar Deepen Strategic Ties with Focus on $17B Development Road Project

                  Iraq Targets $60.4 Billion in Non-Oil Revenues by 2028

                  Iraq Targets $60.4 Billion in Non-Oil Revenues by 2028

                  Qatar’s Thriving Tech Sector Boosts GDP and Attracts Global Talent

                  Qatar’s Thriving Tech Sector Boosts GDP and Attracts Global Talent

                  Oman Forecasts 3.4% Economic Growth for 2025

                  Oman Forecasts 3.4% Economic Growth for 2025

                  Oman’s Private Sector Pumps Over $5 Billion into Economic and Free Zones in 2024

                  Oman’s Private Sector Pumps Over $5 Billion into Economic and Free Zones in 2024

                  Trending Tags

                  • Construction
                    • All
                    • Infrastructure
                    • Real Estate
                    Italian Participation at Project Lebanon 2025 Underscores Strong Bilateral Ties

                    Italian Participation at Project Lebanon 2025 Underscores Strong Bilateral Ties

                    Oman Launches $62 Million Water Infrastructure Projects to Strengthen Regional Supply

                    Oman Launches $62 Million Water Infrastructure Projects to Strengthen Regional Supply

                    Qatar Launches $4 Billion Power and Water Project to Meet Rising Demand

                    Qatar Launches $4 Billion Power and Water Project to Meet Rising Demand

                    Qatar’s Ashghal Launches Ambitious $22 Billion Infrastructure Plan for 2025–2029

                    Qatar’s Ashghal Launches Ambitious $22 Billion Infrastructure Plan for 2025–2029

                    Construction Launches on “Baghdad View,” Iraq’s Largest Vertical Residential Development

                    Construction Launches on “Baghdad View,” Iraq’s Largest Vertical Residential Development

                    Project Lebanon 2025 Conference Kicks Off a New Era of Opportunities

                    Project Lebanon 2025 Conference Kicks Off a New Era of Opportunities

                    Project Lebanon 2025 Showcases Global Solutions for Sustainable Development and Economic Recovery

                    Project Lebanon 2025 Showcases Global Solutions for Sustainable Development and Economic Recovery

                    Prime Minister Nawaf Salam Affirms National Renewal at Project Lebanon 2025 Opening

                    Prime Minister Nawaf Salam Affirms National Renewal at Project Lebanon 2025 Opening

                    GCC Decorative Laminates Market to Reach USD 260.64 Million by 2029, Driven by Construction Boom and Design Innovation

                    GCC Decorative Laminates Market to Reach USD 260.64 Million by 2029, Driven by Construction Boom and Design Innovation

                    Trending Tags

                    • Technology
                      • All
                      • Business Tech
                      • IT & Telecom
                      Empowering Oman’s Future: Turning AI Vision into Practical Impact

                      Empowering Oman’s Future: Turning AI Vision into Practical Impact

                      Qatar’s Thriving Tech Sector Boosts GDP and Attracts Global Talent

                      Qatar’s Thriving Tech Sector Boosts GDP and Attracts Global Talent

                      Cisco VP: GCC Must Bridge AI Readiness Gap with Investment in Infrastructure, Skills, and Security

                      Cisco VP: GCC Must Bridge AI Readiness Gap with Investment in Infrastructure, Skills, and Security

                      How AI Is Shaping the Workforce of Tomorrow

                      How AI Is Shaping the Workforce of Tomorrow

                      How AI and Digital Labour Are Reshaping the Future of Work in the Middle East

                      How AI and Digital Labour Are Reshaping the Future of Work in the Middle East

                      Why the Middle East’s AI Strategy Needs More Than Just Large Language Models

                      Why the Middle East’s AI Strategy Needs More Than Just Large Language Models

                      Middle East Businesses Ramp Up AI Investments as 91% Expect Productivity Gains

                      Middle East Businesses Ramp Up AI Investments as 91% Expect Productivity Gains

                      Driving Middle East Growth: Accelerating AI and Cloud Adoption for Smarter Governance

                      Driving Middle East Growth: Accelerating AI and Cloud Adoption for Smarter Governance

                      How AI Drives the Success of MENA’s Mega Projects

                      How AI Drives the Success of MENA’s Mega Projects

                      Trending Tags

                      • Energy
                        • All
                        • Oil & Gas
                        • Power & Electricity
                        • Renewable Energy
                        Qatar Adds 875 MW in Solar Power, Boosts Renewable Energy Push

                        Qatar Adds 875 MW in Solar Power, Boosts Renewable Energy Push

                        Oman Breaks Ground on $1.6 Billion Marsa LNG Project in Suhar

                        Oman Breaks Ground on $1.6 Billion Marsa LNG Project in Suhar

                        Iraq Targets 38,000 MW Power Boost with Siemens and GE Deals to Tackle Energy Shortages

                        Iraq Targets 38,000 MW Power Boost with Siemens and GE Deals to Tackle Energy Shortages

                        Iraq Allocates $763.5 Million to Expand Residential Solar Energy

                        Iraq Allocates $763.5 Million to Expand Residential Solar Energy

                        Al Bilal Group Secures Licenses for 525 MW Solar Projects in Iraq

                        Al Bilal Group Secures Licenses for 525 MW Solar Projects in Iraq

                        Iraq Begins Work on 921MW Al-Nasiriyah Power Plant

                        Iraq Begins Work on 921MW Al-Nasiriyah Power Plant

                        Africa and Middle East Set to Add 2.9 GW of Onshore Wind Capacity in 2025

                        Africa and Middle East Set to Add 2.9 GW of Onshore Wind Capacity in 2025

                        China’s Shanghai Electric to Build $200M Wind Turbine Facility in Oman

                        China’s Shanghai Electric to Build $200M Wind Turbine Facility in Oman

                        Iraq’s Solar Energy Push Draws Interest from 150 Companies

                        Iraq’s Solar Energy Push Draws Interest from 150 Companies

                        Trending Tags

                        • Hospitality
                          Qatar Leverages Sports to Fast-Track 2030 Tourism Goals

                          Qatar Leverages Sports to Fast-Track 2030 Tourism Goals

                          GCC Hospitality and Food Service Market to Grow at 9.25% CAGR Through 2029

                          GCC Hospitality and Food Service Market to Grow at 9.25% CAGR Through 2029

                          Baghdad Welcomes Major Hotel Opening Ahead of Arab Summit

                          Baghdad Welcomes Major Hotel Opening Ahead of Arab Summit

                          Unlocking Growth: Key Opportunities in the Middle East Hospitality Market

                          Unlocking Growth: Key Opportunities in the Middle East Hospitality Market

                          Oman Charts a Visionary Course Toward Tourism-Driven Growth and Economic Diversification

                          Oman Charts a Visionary Course Toward Tourism-Driven Growth and Economic Diversification

                          Qatar Set to Welcome Record 5.3 Million Tourists in 2025

                          Qatar Set to Welcome Record 5.3 Million Tourists in 2025

                          Business Travel in MENA Projected to Hit $270.8 Billion by 2030

                          Business Travel in MENA Projected to Hit $270.8 Billion by 2030

                          Qatar Ranks Second in UN Tourism Online Academy Participation

                          Qatar Ranks Second in UN Tourism Online Academy Participation

                          Qatar’s Hotel Market Set for Strong Growth, Revenue to Near $537 Million in 2025

                          Qatar’s Hotel Market Set for Strong Growth, Revenue to Near $537 Million in 2025

                          Trending Tags

                          • Events
                            • Event News
                            • Upcoming Events
                          No Result
                          View All Result
                          IFP Info - News
                          No Result
                          View All Result
                          Home Business & Economy Finance

                          Sisi ratifies ‘Egypt Fund’ for mega national projects

                          Egypt Today

                          August 20, 2018
                          in Finance
                          0
                          Share on FacebookShare on TwitterShare on Linkedin

                          Egyptian President Abdel Fatah al-Sisi ratified a new law No. 177 for 2018 to establish a new sovereign fund named “Egypt Fund”. The law was published on Sunday by the official Egyptian Gazette. 

                           

                          The Egypt Fund will have an authorized capital of LE200 billion ($11.2 billion) and will start with paid-in capital of LE5 billion, 20 percent of which will be injected by the government when it is set up. 

                           

                          Partnering with the private sector, the fund will seek to attract domestic and foreign investment and build on economic reforms embarked by Egypt in 2016 that includes the flotation of the currency, cutting energy subsidies and introducing new taxes to cut the budget deficit. 

                           

                          In November 2016, Egypt clinched a $12 billion loan from the International Monetary Fund (IMF). Foreign reserves have been increasing since then. Reserves were only $19.041 billion at the end of October 2016. 

                           

                          Egypt’s foreign reserves reached $44.03 billion in April 2018 for the first time in history, compared to $42.61 billion at the end of March, according to the Central Bank of Egypt (CBE). Foreign currencies’ balance in the country’s international reserves increased to $40.5 billion in April, up from $39 billion in March, increasing by LE 23 billion in one month, the CBE said. The reserves are expected to further grow over the coming two years to reach $50 billion. 

                           

                          Egypt’s growth has continued to accelerate during 2017/18, rising to 5.2 percent in the first half of the year from 4.2 percent in 2016/17. The current account deficit has also declined sharply, reflecting the recovery in tourism and strong growth in remittances, while improved investor confidence has continued to support portfolio inflows. In addition, gross international reserves rose to $44 billion by end-April, equal to 7 months of imports. 

                           

                          A number of businessmen launched an initiative to support Egypt following the events of 30 June under the 306306 Fund, headed by Farouk El Okda, former governor of the Central Bank. The fund amassed close to EGP 1bn, including a donation of EGP 300m from the armed forces. 

                           

                          The idea of creating funds or opening accounts to support the economy flourished following the 25 January Revolution, including the 2512011 account, as well as the 333-333 Egypt Renaissance account. 
                           

                          Egypt Today
                          20/08/2018

                           

                          Previous Post

                          Chevron signs deal on field development with Basra Oil Company

                          Next Post

                          Egypt achieves $2.3B trade surplus with 19 countries in 5 months

                          Next Post

                          Egypt achieves $2.3B trade surplus with 19 countries in 5 months

                          News Letter

                          Subscribe to our mailing list to receive daily updates direct to your inbox!

                          *we hate spam as much as you do

                          IFP Info – News

                          The resource of credible, industry-specific updates

                          Categories

                          • Agrofood
                          • Business & Economy
                          • Conferences & Summits
                          • Construction
                          • Energy
                          • Event News
                          • Facility Management
                          • General
                          • Healthcare
                          • Hospitality
                          • Interviews
                          • Investment
                          • Koelmesse
                          • Messe Düsseldorf
                          • Packaging and Printing
                          • Paper and Packaging
                          • Paper and Printing
                          • Recycling
                          • Sustainability
                          • Tourism

                          Countries

                          • Africa
                          • Egypt
                          • Iraq
                          • Jordan
                          • Kingdom of Saudi Arabia
                          • Lebanon
                          • MENA
                          • Oman
                          • Other GCC
                          • Other Middle East
                          • Qatar
                          • United Arab Emirates
                          • Worldwide

                          Newsletter

                          Subscribe to our mailing list to receive daily updates direct to your inbox!

                          *we hate spam as much as you do

                          • About
                          • Advertise
                          • Privacy & Policy
                          • Contact

                          © 2024 IFP Group - All Rights Reserved / www.ifpexpo.com

                          No Result
                          View All Result
                          • Agrofood
                            • Agriculture
                            • Environment
                            • Food
                          • Business & Economy
                            • Business
                            • Economy
                            • Finance
                            • Industry
                            • Technology
                              • Business Tech
                              • IT & Telecom
                            • Trade
                            • Transport & Logistics
                          • Construction
                            • Infrastructure
                            • Real Estate
                          • Energy
                            • Oil & Gas
                            • Power & Electricity
                            • Renewable Energy
                          • Hospitality
                          • Events
                            • Event News
                            • Upcoming Events

                          © 2024 IFP Group - All Rights Reserved / www.ifpexpo.com