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EGAS awards exploration contracts for Mediterranean and Nile Delta Regions worth Over $281M

During the exploration phases, the minimum investment required is approximately $281 million, entailing the drilling of a minimum of 12 wells. Furthermore, there are $7.5 million in signature grants.

Egypt and Croatia sign double taxation agreement to boost economic relations

Egypt's Finance Minister and Governor at the Asian Infrastructure Investment Bank, Mohamed Maait, noted that this agreement reflects the commitment of both countries to boost economic, trade, and investment relations while protecting tax rights.

FRA oversight entities provide EGP 200B in financing in Q2 2023

Leading the way, the financial market took the top spot, with stock issuances valued at around EGP 97 billion in the second quarter.

Egypt & China discuss cooperation in providing concessional development financing

Among the AIIB’s portfolio, it provided soft development financing worth $360 million, including $210 million in financing

Egypt's private sector gets $1B investments from AIIB

Banque Misr is also en route to receive part of the fund, as the rest would be designated towards the Alexandria metro project, in addition to the chance of the government to issue blue and sustainability bonds