battlem
Mario Battelli
Grazie Iackrussel per l'ottima analisi, con opinioni che condivido pienamente.
Egitto 6.875% 30.04.2040 ISIN XS0505478684
- Creatore Discussione pietro17elettra
- Data di Inizio
pietro17elettra
Nonno pensionato
Egypt's Sisi: part of Ras al-Hikma deal funds arrived in central bank
Oggi 12:06 - RSF
DUBAI, Feb 28 (Reuters) - Egyptian President Abdel Fattah al-Sisi said on Wednesday that part of the funds announced in the deal his country signed with the United Arab Emirates to develop the Ras al-Hikma real estate project have arrived in the central bank.
Egypt and UAE signed a $35 billion strategic partnership agreement to develop the coastal peninsula.
(Reporting by Nadine Awadallah and Tala Ramadan, Writing by Ahmed Elimam; Editing by Michael Georgy)
(([email protected]
)
Oggi 12:06 - RSF
DUBAI, Feb 28 (Reuters) - Egyptian President Abdel Fattah al-Sisi said on Wednesday that part of the funds announced in the deal his country signed with the United Arab Emirates to develop the Ras al-Hikma real estate project have arrived in the central bank.
Egypt and UAE signed a $35 billion strategic partnership agreement to develop the coastal peninsula.
(Reporting by Nadine Awadallah and Tala Ramadan, Writing by Ahmed Elimam; Editing by Michael Georgy)
(([email protected]
)
pietro17elettra
Nonno pensionato
CORRECTED-Egypt drawing up plans for south Sinai land after UAE mega-deal
27/02/2024 18:31 - RSF
(Changes 4th para to say may engage a consultant, not already has)
*
Preparations started, no negotiations yet held -official
*
Saudis in 2018 said Egypt had committed land in south Sunai
*
Saudi king in 2016 announced bridge plan near site
*
Saudis building huge NEOM development across Straits of Tiran
CAIRO, Feb 27 (Reuters) - Egypt is drawing up plans to develop Ras Gamila, a stretch of largely vacant seaside near the resort of Sharm el-Sheikh, a government official said, days after a huge Emirati investment deal was announced.
"A committee was formed following a cabinet decision to research, present and prepare a strategic vision for exploiting the area," Mansour Abdel Ghany, spokesperson for the Ministry of Public Enterprise, said on an Egyptian talk show on Monday evening.
"Not only making use of Ras Gamila, but also the surrounding area, the geographic space and neighbouring areas," he added.
Egypt may engage a consultant to help decide on how best to maximise the benefit from the land, he said, but added that the government had not yet decided who to offer it to.
Egypt was preparing to offer the land to Saudi Arabia, Saudi newspaper Okaz reported on Sunday before removing the report from its website.
Abdel Ghany denied any negotiation for Ras Gamila had yet taken place.
Saudi Arabia said in 2018 that Egypt had committed a vast area in the southern Sinai to complement a mega-city and business zone called NEOM which the Saudis are building across the Straits of Tiran.
Ras Gamila lies directly across the Straits of Tiran from two islands which Egypt agreed to turn over to Saudi Arabia in 2017.
It is near the site where a bridge across the Red Sea - an idea announced by Saudi King Salman during a visit to Cairo in 2016 - would make landfall.
Egypt, badly in need of foreign currency, facing heavy foreign debts and suffering a gaping budget deficit, has stepped up plans to sell state assets.
Last week, Abu Dhabi's sovereign wealth fund agreed to pay $24 billion for the rights to develop pristine land on Egypt's northern coast, which Egypt called the biggest foreign direct investment in its history.
The deal, which includes an additional $11 billion in investments, is expected to provide a big short-term boost for Egypt's faltering economy.
The official gazette said on Tuesday that the Egyptian government had turned over 170.8 million square metres of land owned by the army to the state-owned New Urban Communities Authority for construction of New Ras El Hekma City, part of the Emirati project on the Mediterranean.
(Reporting by Farah Saafan and Patrick Werr; editing by Jason Neely)
(([email protected])
27/02/2024 18:31 - RSF
(Changes 4th para to say may engage a consultant, not already has)
*
Preparations started, no negotiations yet held -official
*
Saudis in 2018 said Egypt had committed land in south Sunai
*
Saudi king in 2016 announced bridge plan near site
*
Saudis building huge NEOM development across Straits of Tiran
CAIRO, Feb 27 (Reuters) - Egypt is drawing up plans to develop Ras Gamila, a stretch of largely vacant seaside near the resort of Sharm el-Sheikh, a government official said, days after a huge Emirati investment deal was announced.
"A committee was formed following a cabinet decision to research, present and prepare a strategic vision for exploiting the area," Mansour Abdel Ghany, spokesperson for the Ministry of Public Enterprise, said on an Egyptian talk show on Monday evening.
"Not only making use of Ras Gamila, but also the surrounding area, the geographic space and neighbouring areas," he added.
Egypt may engage a consultant to help decide on how best to maximise the benefit from the land, he said, but added that the government had not yet decided who to offer it to.
Egypt was preparing to offer the land to Saudi Arabia, Saudi newspaper Okaz reported on Sunday before removing the report from its website.
Abdel Ghany denied any negotiation for Ras Gamila had yet taken place.
Saudi Arabia said in 2018 that Egypt had committed a vast area in the southern Sinai to complement a mega-city and business zone called NEOM which the Saudis are building across the Straits of Tiran.
Ras Gamila lies directly across the Straits of Tiran from two islands which Egypt agreed to turn over to Saudi Arabia in 2017.
It is near the site where a bridge across the Red Sea - an idea announced by Saudi King Salman during a visit to Cairo in 2016 - would make landfall.
Egypt, badly in need of foreign currency, facing heavy foreign debts and suffering a gaping budget deficit, has stepped up plans to sell state assets.
Last week, Abu Dhabi's sovereign wealth fund agreed to pay $24 billion for the rights to develop pristine land on Egypt's northern coast, which Egypt called the biggest foreign direct investment in its history.
The deal, which includes an additional $11 billion in investments, is expected to provide a big short-term boost for Egypt's faltering economy.
The official gazette said on Tuesday that the Egyptian government had turned over 170.8 million square metres of land owned by the army to the state-owned New Urban Communities Authority for construction of New Ras El Hekma City, part of the Emirati project on the Mediterranean.
(Reporting by Farah Saafan and Patrick Werr; editing by Jason Neely)
(([email protected]
)
pietro17elettra
Nonno pensionato
UPDATE 1-Egypt received $5 bln as first tranche in ADQ deal, PM says
29/02/2024 14:17 - RSF
(Adds details, background throughout)
CAIRO, Feb 29 (Reuters) - Egypt received $5 billion as a first tranche in the Ras al-Hikma property development deal signed with United Arab Emirates and will receive a second $5 billion tranche on Friday, Egyptian Prime Minister Mostafa Madbouly said in a statement on Thursday.
The deal with Abu Dhabi sovereign fund ADQ to develop the Ras al-Hikma peninsula about 200 km (125 miles) west of Alexandria and complete other projects in Egypt includes a total of $35 billion in investments to arrive within two months, Egyptian officials and ADQ have said.
Of that total, $11 billion are to be converted from existing deposits.
Madbouly said in Thursday's statement that measures had already be taken to convert $5 billion to Egyptian pounds from UAE deposits in Egypt's central bank.
A ministerial committee headed by the prime minister would be formed "to facilitate procedures, overcome any obstacles, solve any problems" for the Ras al-Hikma project, the statement added.
Thursday's statement also said Egypt had received $520 million from
a deal
to sell stakes in seven prominent hotels. The rest of the funds in the $800 million deal should be received soon, the statement said.
Egypt has been struggling with a prolonged shortage of foreign currency and rapid inflation, but bonds have rallied since the announcement of the ADQ deal and the Egyptian pound has strengthened on the black market.
The cost of insuring exposure to Egypt's hard-currency debt narrowed to its lowest since April 2022, data from S&P Global Market Intelligence
showed
on Thursday.
29/02/2024 14:17 - RSF
(Adds details, background throughout)
CAIRO, Feb 29 (Reuters) - Egypt received $5 billion as a first tranche in the Ras al-Hikma property development deal signed with United Arab Emirates and will receive a second $5 billion tranche on Friday, Egyptian Prime Minister Mostafa Madbouly said in a statement on Thursday.
The deal with Abu Dhabi sovereign fund ADQ to develop the Ras al-Hikma peninsula about 200 km (125 miles) west of Alexandria and complete other projects in Egypt includes a total of $35 billion in investments to arrive within two months, Egyptian officials and ADQ have said.
Of that total, $11 billion are to be converted from existing deposits.
Madbouly said in Thursday's statement that measures had already be taken to convert $5 billion to Egyptian pounds from UAE deposits in Egypt's central bank.
A ministerial committee headed by the prime minister would be formed "to facilitate procedures, overcome any obstacles, solve any problems" for the Ras al-Hikma project, the statement added.
Thursday's statement also said Egypt had received $520 million from
a deal
to sell stakes in seven prominent hotels. The rest of the funds in the $800 million deal should be received soon, the statement said.
Egypt has been struggling with a prolonged shortage of foreign currency and rapid inflation, but bonds have rallied since the announcement of the ADQ deal and the Egyptian pound has strengthened on the black market.
The cost of insuring exposure to Egypt's hard-currency debt narrowed to its lowest since April 2022, data from S&P Global Market Intelligence
showed
on Thursday.
battlem
Mario Battelli
>LUNEDI' SCORSO 26/02 AVEVO SCRITTO:
Il nostro bond Egitto 6,875% 2040 $ ha chiuso l'ultimo contratto su l'Eurotlx a un eccellente: 69,49
Penso che nei prossimi giorni le quotazioni continueranno a salire.
>VENERDI' 1/03
La mi previsione, secondo la quale il nostro bond sarebbe salito ancora, si sono verificate:
quotazione ultimi contratti sull'EuroTlx: 74,00 con un eccellente incremento del 6,49%
Penso che la prossima settimana continuerà a salire...
Il nostro bond Egitto 6,875% 2040 $ ha chiuso l'ultimo contratto su l'Eurotlx a un eccellente: 69,49
Penso che nei prossimi giorni le quotazioni continueranno a salire.
>VENERDI' 1/03
La mi previsione, secondo la quale il nostro bond sarebbe salito ancora, si sono verificate:
quotazione ultimi contratti sull'EuroTlx: 74,00 con un eccellente incremento del 6,49%
Penso che la prossima settimana continuerà a salire...
Ultima modifica:
m.m.f
Forumer storico
...manco sapeva che l'Egitto il giorno 1 del mese di gennaio dell'anno 2024 e' entrato a fare parte dei BRICS.
Pesantemente investito (...sotto un camion a rimorchio?)
Ultima modifica:
gualberto
Charlie don't Surf
“Nonostante numerose voci ottimiste riguardo a queste trattative, per ora non è stato raggiunto alcun accordo concreto in questo senso tra il Paese nordafricano e l'istituzione finanziaria internazionale”,
"Nessuno vuole vedere disordini pubblici in Egitto a causa del collasso economico in questo momento. "Con la guerra in corso a Gaza e la guerra civile in Sudan, la stabilità del regime di Sissi è diventata una preoccupazione fondamentale per i suoi alleati, anche se questo significa consentirgli di evitare le riforme [economiche] tanto necessarie", ha scritto in un articolo il commentatore politico Maged Mandour. un editoriale per la pubblicazione online Middle East Eye all'inizio di questa settimana."
www.dw.com
a conferma di quello che scriveva jackrussel.
"Nessuno vuole vedere disordini pubblici in Egitto a causa del collasso economico in questo momento. "Con la guerra in corso a Gaza e la guerra civile in Sudan, la stabilità del regime di Sissi è diventata una preoccupazione fondamentale per i suoi alleati, anche se questo significa consentirgli di evitare le riforme [economiche] tanto necessarie", ha scritto in un articolo il commentatore politico Maged Mandour. un editoriale per la pubblicazione online Middle East Eye all'inizio di questa settimana."
Why are the Gulf states 'buying up' Egypt's coastline? – DW – 03/02/2024
A $35 billion investment into Egypt is being celebrated as a turning point for the country's struggling economy. Experts are asking whether it will really change anything. Skeptics are wondering why it's happening now.
www.dw.com
a conferma di quello che scriveva jackrussel.
Ultima modifica:
m.m.f
Forumer storico
Suez, turismo, export di gas: così la guerra a Gaza affossa l’economia dell’Egitto
Il conflitto mediorientale sta travolgendo il terzo Paese più popoloso dell’Africa. Con ricadute sui settori più preziosi per l’afflusso di valuta estera
24plus.ilsole24ore.com