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Egypt Says Negotiations with IMF Ongoing

Egypt and the IMF are working to "resolve differences" in ongoing negotiations. Reuters
Egypt and the IMF are working to "resolve differences" in ongoing negotiations. Reuters
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Egypt Says Negotiations with IMF Ongoing

Egypt and the IMF are working to "resolve differences" in ongoing negotiations. Reuters
Egypt and the IMF are working to "resolve differences" in ongoing negotiations. Reuters

Egypt and the International Monetary Fund are working to "resolve differences" in ongoing negotiations, Finance Minister Mohamed Maiit told Al-Arabiya on Wednesday.

The lender had said on Tuesday in an evaluation of a $5.2 billion stand-by arrangement agreed with Egypt in 2020 that the country needed to make "decisive progress" on fiscal and structural reform.

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Saudi Arabia, Djibouti Sign Agreement to Promote, Safeguard Investments

The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
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Saudi Arabia, Djibouti Sign Agreement to Promote, Safeguard Investments

The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA

Saudi Arabia and Djibouti have signed an agreement to encourage and protect mutual investments, marking a significant step in enhancing economic cooperation between the two nations.
The agreement was signed by Saudi Minister of Investment Khalid Al-Falih and Djiboutian Secretary in Charge of Investment and Development of the Private Sector Safia Mohamed Ali Gadileh during the 28th World Investment Conference in Riyadh, SPA reported.

The event is being held under the patronage of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister.
Both officials praised the agreement, emphasizing its importance in fostering collaboration between the private and government sectors of both countries. They highlighted the agreement’s role in supporting the ambitious investment initiatives currently being pursued by the Kingdom and Djibouti.
The agreement is designed to create a secure and attractive investment environment by offering key advantages such as investment protection, national treatment, fair and equitable treatment, transparency, and access to national courts or international arbitration for dispute resolution.
By ensuring these safeguards, the agreement aims to increase the volume of mutual investments across various sectors and strengthen economic ties between the two nations.