Egypt announces 5-bln-USD investment from Saudi Arabia


  • World
  • Tuesday, 17 Sep 2024

CAIRO, Sept. 16 (Xinhua) -- Saudi Arabia will pump 5 billion U.S. dollars into Egypt as a first phase of investment, the Egyptian cabinet said on Monday.

Saudi Crown Prince and Prime Minister Mohammed bin Salman Al Saud directed the Saudi Public Investment Fund (PIF) to make the investment, the cabinet said in a statement.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Portugal's president disbands parliament, calls election on May 18
U.S. to see significant severe weather into weekend
Ukraine's Zelenskiy says Putin does not want ceasefire
Mexicans hope uncovered mass grave sheds light on missing relatives
2nd LD Writethru: Death toll of train-minibus crash in NE Egypt rises to 10
US long-range bombs headed to Ukraine as ATACMS supply dwindles
Tornado hits U.S. Southern California
Crude futures settle lower
U.S. dollar ticks up
Haiti gangs set fire to building once home to nation's oldest radio station

Others Also Read