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Egypt
Cairo banks on rapprochement with Iran to attract capital

Egyptian Finance Minister Mohamed Maait in Sharm el-Sheikh, Egypt, on 24 September 2023. © Sui Xiankai/Xinhua News Agency/Newscom/MaxPPP

In the wake of the BRICS summit in August, the Egyptian authorities are renewing ties with Tehran and hoping to attract new investment. [...]

Published on 11/10/2023 at 05:40 GMT Reading time 2 minutes

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Finance, Business

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Egypt
Asian Infrastructure Investment Bank
BRICS
Ehsan Khandozi
Hossein Amir-Abdollahian
IMF
MID Bank
Misr Iran Development Bank
Mohamed Maait
Mohammad Soltani Fard
Moustafa Madbouli
Sameh Shoukry
Suez Canal Economic Zone
United Nations

Egypt
Ride-sharing app Indrive makes African inroads

The firm is in talks to expand its presence in Egypt, and beyond.

Subscribers only Business 07.06.2024

Egypt
Cairo alarmed by plummeting Suez revenue

The Egyptian economy has been hit hard by the attacks on container ships in the Red Sea and Cairo is struggling to reduce the impact.

Subscribers only Defence, Finance 15.02.2024

A container ship in the Suez Canal on 13 January 2024.

Inner circles | Egypt
Sisi ponders future of army chief Osama Askar

Osama Askar is about to be either reappointed or replaced as commander of the Egyptian army. He was already a member of the powerful Supreme Council of the Armed Forces before the election of Sisi and has support among the army top brass as well as the country's powerful construction conglomerates.

Subscribers only Defence 13.10.2023

The Chief of Staff of the Egyptian Armed Forces, Lieutenant General Osama Askar, in Nicosia (Cyprus) on 29 March 2022.

Egypt
Afreximbank inks $32m move to Cairo's New Administrative Capital

The Cairo-based African Export-Import Bank is to move to President Sisi's new capital megaproject to the east, with Egyptian authorities pushing other international organisations to follow.

Subscribers only Finance, Business 08.09.2023

Benedict Okey Oramah, President of Afreximbank, on 14 December 2022, in Washington, DC, USA.

Spotlight | South Africa
BRICS seeks to reinvent itself at Johannesburg summit

At this year's summit in the South African economic capital, the BRICS grouping (Brazil, India, Russia, China, South Africa) agreed to admit six new, non-aligned countries into its ranks. It also voiced its ambitions to create a more structured organisation and transform the block's economic power into diplomatic and financial influence.

Subscribers only Diplomacy 25.08.2023

Prime Minister of India Narendra Modi, South African president Cyril Ramaphosa and president of China Xi Jinping attend a meeting during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg on 24 August 2023.

Egypt
Sisi seeks Chinese solution as IMF and creditors close in

Cairo is to raise capital on the Chinese markets as the IMF insists on conditions previously set for disbursing a second tranche of a loan approved last December. Beijing is already the country's fourth largest creditor.

Free access Infrastructure, Finance 20.04.2023

Egypt
Sisi's grand plans for commercial gateway to Europe

Having focused on attracting Gulf state investments around the Suez Canal, Cairo is now envisaging a gateway to the Old Continent at the Gargoub naval base on the Mediterranean, which is already enticing several would-be investors, especially in the energy domain.

Subscribers only Infrastructure 16.02.2023

Spotlight | Egypt
Suez Canal ports whet Gulf appetites

The United Arab Emirates, Saudi Arabia and Qatar are jockeying to take control of ports that Egypt is privatising at both ends of the Suez Canal, though which 10% of the world's maritime trade transits.

Subscribers only Infrastructure 05.10.2022

Shipping container boats cross the Gulf of Suez towards the Red Sea before entering the Suez Canal, in Ain Sokhna, Egypt on 24 April 2017.

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Egypt
Asian Infrastructure Investment Bank
BRICS
Ehsan Khandozi
Hossein Amir-Abdollahian
IMF
MID Bank
Misr Iran Development Bank
Mohamed Maait
Mohammad Soltani Fard
Moustafa Madbouli
Sameh Shoukry
Suez Canal Economic Zone
United Nations

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Cairo banks on rapprochement with Iran to attract capital

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Indigo Publications' websites

Botswana, South Africa From Gaborone to Antwerp, is De Beers's empire on the rocks?

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Egypt Cairo banks on rapprochement with Iran to attract capital

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Egypt Ride-sharing app Indrive makes African inroads

Egypt Cairo alarmed by plummeting Suez revenue

Inner circles | Egypt Sisi ponders future of army chief Osama Askar

Egypt Afreximbank inks $32m move to Cairo's New Administrative Capital

Spotlight | South Africa BRICS seeks to reinvent itself at Johannesburg summit

Egypt Sisi seeks Chinese solution as IMF and creditors close in

Egypt Sisi's grand plans for commercial gateway to Europe

Spotlight | Egypt Suez Canal ports whet Gulf appetites

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Egypt
Cairo banks on rapprochement with Iran to attract capital

Egypt
Ride-sharing app Indrive makes African inroads

Egypt
Cairo alarmed by plummeting Suez revenue

Inner circles | Egypt
Sisi ponders future of army chief Osama Askar

Egypt
Afreximbank inks $32m move to Cairo's New Administrative Capital

Spotlight | South Africa
BRICS seeks to reinvent itself at Johannesburg summit

Egypt
Sisi seeks Chinese solution as IMF and creditors close in

Egypt
Sisi's grand plans for commercial gateway to Europe

Spotlight | Egypt
Suez Canal ports whet Gulf appetites