Egypt & Belgium Sign Agreement on Debt SwapSource: www.export-egypt.com 7/18/2012, Location: Africa |
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Planning and International Cooperation Minister Fayza Abul-Naga and Belgian Ambassador in Cairo Bruno Neve de Mevergnies signed a debt-for-development-exchange agreement to direct three debts worth 2.24 million euros due to Belgium to carry out social and economic development projects in Egypt. The two sides decided to earmark the value of the debts to finance the establishment of an automatic bakery plant in the city of al-Sheikh Zayed to produce nearly 1.5 million loaves of bread daily.
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Financials and Investment News in Egypt >> |
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Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
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Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
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Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
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Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
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Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
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Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
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