Egyptian Strategic projects..updates
- Thread starter The SC
- Start date
The SC
INT'L MOD
- Thread starter
- #33
Egypt suddenly reduces its investments in US bonds by 32 percent
Under the weight of the dollar crisis that the country is witnessing, recent official data revealed that Egypt reduced its holdings of US Treasury bonds by 32 percent during the month of December, recording, according to US Treasury Department data, about $2.399 billion, compared to about $3.524. One billion dollars during the month of last November, with a decrease amounting to 1.125 billion dollars.
Egypt is facing a series of crises linked to the exit of more than $20 billion in hot money during the first quarter of 2022. Against this backdrop, the Egyptian government announced several measures to contain the wave of price increases that were directly linked to the rise in the exchange rates of the dollar against the Egyptian pound.
In addition, Egypt’s holdings of US Treasury bonds include the holdings of the Central Bank and other sectors, including banks. The National Bank and Commercial International Banks are among the investors who own US Treasury bonds. According to the data available on the US Treasury Department’s website, Egypt’s highest investment in US bonds amounted to $24.4 billion at the end of the year. February 2020.
Japan is the largest holder of US bonds
At the same time, the investments of the three largest Gulf countries in US treasury bills and bonds increased by 3.51 percent, equivalent to $8.21 billion, at the end of last December compared to the end of November 2023.
The data showed that the value of the investments of the three largest Gulf countries in treasury bonds and bills rose to $242.18 billion at the end of last December.
The Gulf Cooperation Council countries' investments in US Treasury bills and bonds amounted to $233.97 billion as of November 2023.
The data showed that Saudi Arabia, the largest Arab country holder of US bonds, raised its investments monthly by 2.98 percent to about $131.87 billion, which is its highest level since early 2021, until the end of December 2023, compared to $128.05 billion until the end of last November.
The UAE came in second place, with total investments of $63.98 billion at the end of last December, compared to $62.85 billion in the previous month, recording an increase of 1.8 percent.
While Kuwait ranked third, as the value of its investments in US bonds increased by 7.6 percent at the end of last December to the level of $46.32 billion from the level of $43.06 billion at the end of November 2023.
Globally, the total value of global investments in US Treasury bills and bonds until the end of last December increased by 1.2 percent to $8.056 trillion, compared to $7.808 trillion at the end of November 2023.
According to a US Treasury Department data survey, Japan topped holders of US bonds with a value of $1.138 trillion at the end of last December, compared to $1.127 trillion at the end of November 2023.
China came in second place after its investments in US bonds rose in that period last year to $816.3 billion, compared to about $782 billion.
In third place came the United Kingdom, with investments worth $753.7 billion, compared to $716.2 billion, then Luxembourg, with investments worth $370.7 billion, compared to about $371.2 billion.
US debt exceeds $34 trillion
A few days ago, the Associated Press said that the national debt of the US federal government exceeded $34 trillion, a record number that foretells the upcoming political and economic challenges to improve the US balance sheet in the coming years.
During the recent period, the financial resources of the United States were a source of tension in light of the political division in Washington, which could lead to the closure of parts of the government without an annual budget.
In June of last year, Republican lawmakers and the White House agreed to temporarily raise the debt ceiling, to avoid the dangers of what could become a historic default, and this agreement continues until January 2025.
The agency indicated that expectations of US debt exceeding the level of $34 trillion came in previous years, before the Corona epidemic.
The Congressional Budget Office's January 2020 forecast indicated that the total federal debt would exceed $34 trillion by 2029.
But the debt grew faster than expected due to the pandemic that began in 2020, which led to the closure of many parts of the American economy.
The government borrowed heavily during the terms of former President Donald Trump and current President Joe Biden, in order to stabilize the economy and support economic recovery, but the recovery was accompanied by a significant rise in the inflation rate, which led to higher interest rates and made the government’s repayment of debts more expensive.
https://www.independentarabia.com/n...-استثماراتها-في-السندات-الأميركية-32-في-المئة
Under the weight of the dollar crisis that the country is witnessing, recent official data revealed that Egypt reduced its holdings of US Treasury bonds by 32 percent during the month of December, recording, according to US Treasury Department data, about $2.399 billion, compared to about $3.524. One billion dollars during the month of last November, with a decrease amounting to 1.125 billion dollars.
Egypt is facing a series of crises linked to the exit of more than $20 billion in hot money during the first quarter of 2022. Against this backdrop, the Egyptian government announced several measures to contain the wave of price increases that were directly linked to the rise in the exchange rates of the dollar against the Egyptian pound.
In addition, Egypt’s holdings of US Treasury bonds include the holdings of the Central Bank and other sectors, including banks. The National Bank and Commercial International Banks are among the investors who own US Treasury bonds. According to the data available on the US Treasury Department’s website, Egypt’s highest investment in US bonds amounted to $24.4 billion at the end of the year. February 2020.
Japan is the largest holder of US bonds
At the same time, the investments of the three largest Gulf countries in US treasury bills and bonds increased by 3.51 percent, equivalent to $8.21 billion, at the end of last December compared to the end of November 2023.
The data showed that the value of the investments of the three largest Gulf countries in treasury bonds and bills rose to $242.18 billion at the end of last December.
The Gulf Cooperation Council countries' investments in US Treasury bills and bonds amounted to $233.97 billion as of November 2023.
The data showed that Saudi Arabia, the largest Arab country holder of US bonds, raised its investments monthly by 2.98 percent to about $131.87 billion, which is its highest level since early 2021, until the end of December 2023, compared to $128.05 billion until the end of last November.
The UAE came in second place, with total investments of $63.98 billion at the end of last December, compared to $62.85 billion in the previous month, recording an increase of 1.8 percent.
While Kuwait ranked third, as the value of its investments in US bonds increased by 7.6 percent at the end of last December to the level of $46.32 billion from the level of $43.06 billion at the end of November 2023.
Globally, the total value of global investments in US Treasury bills and bonds until the end of last December increased by 1.2 percent to $8.056 trillion, compared to $7.808 trillion at the end of November 2023.
According to a US Treasury Department data survey, Japan topped holders of US bonds with a value of $1.138 trillion at the end of last December, compared to $1.127 trillion at the end of November 2023.
China came in second place after its investments in US bonds rose in that period last year to $816.3 billion, compared to about $782 billion.
In third place came the United Kingdom, with investments worth $753.7 billion, compared to $716.2 billion, then Luxembourg, with investments worth $370.7 billion, compared to about $371.2 billion.
US debt exceeds $34 trillion
A few days ago, the Associated Press said that the national debt of the US federal government exceeded $34 trillion, a record number that foretells the upcoming political and economic challenges to improve the US balance sheet in the coming years.
During the recent period, the financial resources of the United States were a source of tension in light of the political division in Washington, which could lead to the closure of parts of the government without an annual budget.
In June of last year, Republican lawmakers and the White House agreed to temporarily raise the debt ceiling, to avoid the dangers of what could become a historic default, and this agreement continues until January 2025.
The agency indicated that expectations of US debt exceeding the level of $34 trillion came in previous years, before the Corona epidemic.
The Congressional Budget Office's January 2020 forecast indicated that the total federal debt would exceed $34 trillion by 2029.
But the debt grew faster than expected due to the pandemic that began in 2020, which led to the closure of many parts of the American economy.
The government borrowed heavily during the terms of former President Donald Trump and current President Joe Biden, in order to stabilize the economy and support economic recovery, but the recovery was accompanied by a significant rise in the inflation rate, which led to higher interest rates and made the government’s repayment of debts more expensive.
https://www.independentarabia.com/n...-استثماراتها-في-السندات-الأميركية-32-في-المئة
The SC
INT'L MOD
- Thread starter
- #34
Al Sissi: Suez Canal revenues declined by about 50% due to “crises” on the country’s borders
A container ship near the Suez Canal Bridge, known as the “Peace Bridge” (Suez Canal Authority - Reuters)
Cairo: «Middle East»
19 February 2024
Egyptian President Abdel Fattah El-Sisi said today (Monday) that Suez Canal revenues have declined by about 40-50 percent due to “crises” on the country’s various borders, after it had generated about $10 billion annually.
Al-Sisi said during a speech at an energy sector conference in Cairo: “The current crises on our various borders with Libya, Sudan, and the Gaza Strip... and you see that the shipping lane that used to bring Egypt approximately 10 billion dollars annually... has declined by 40 to 50 percent.” “We have obligations with financing institutions,” according to what was reported by the Arab World News Agency.
United Nations Secretary-General Antonio Guterres said during a speech before the United Nations General Assembly earlier this month that trade traffic in the Suez Canal has decreased by 42 percent since the start of Houthi attacks on commercial ships in the Red Sea.
Osama Rabie, Chairman of the Suez Canal Authority, said in previous statements at the beginning of this month that the canal’s revenues decreased in January by 46 percent on an annual basis, from $804 million to $428 million.
Rabie added, in television statements, that 1,362 ships crossed the canal in January of this year, compared to 2,155 ships in January 2023, a decrease of 36 percent, noting that this is “the first time the Suez Canal has gone through a crisis of this kind.” Rabie continued: “We held many meetings with shipping bodies and companies to reach a way out of the crisis that the Suez Canal is going through.”
The International Monetary Fund recently issued a report warning of escalating tension in the Red Sea region and its repercussions on trade and shipping costs.
* Despite that..Egypt paid its due debt this year amounting to $42.5 billion..
A container ship near the Suez Canal Bridge, known as the “Peace Bridge” (Suez Canal Authority - Reuters)
Cairo: «Middle East»
19 February 2024
Egyptian President Abdel Fattah El-Sisi said today (Monday) that Suez Canal revenues have declined by about 40-50 percent due to “crises” on the country’s various borders, after it had generated about $10 billion annually.
Al-Sisi said during a speech at an energy sector conference in Cairo: “The current crises on our various borders with Libya, Sudan, and the Gaza Strip... and you see that the shipping lane that used to bring Egypt approximately 10 billion dollars annually... has declined by 40 to 50 percent.” “We have obligations with financing institutions,” according to what was reported by the Arab World News Agency.
United Nations Secretary-General Antonio Guterres said during a speech before the United Nations General Assembly earlier this month that trade traffic in the Suez Canal has decreased by 42 percent since the start of Houthi attacks on commercial ships in the Red Sea.
Osama Rabie, Chairman of the Suez Canal Authority, said in previous statements at the beginning of this month that the canal’s revenues decreased in January by 46 percent on an annual basis, from $804 million to $428 million.
Rabie added, in television statements, that 1,362 ships crossed the canal in January of this year, compared to 2,155 ships in January 2023, a decrease of 36 percent, noting that this is “the first time the Suez Canal has gone through a crisis of this kind.” Rabie continued: “We held many meetings with shipping bodies and companies to reach a way out of the crisis that the Suez Canal is going through.”
The International Monetary Fund recently issued a report warning of escalating tension in the Red Sea region and its repercussions on trade and shipping costs.
* Despite that..Egypt paid its due debt this year amounting to $42.5 billion..
Last edited:
The SC
INT'L MOD
- Thread starter
- #36
The UAE offers to connect Egypt and Europe by establishing oil pipelines with a depth of 2,000 meters
https://almalnews.com/الجرافات-البحرية-الإماراتية-تعرض-الر/
https://almalnews.com/الجرافات-البحرية-الإماراتية-تعرض-الر/
The SC
INT'L MOD
- Thread starter
- #37
Egypt signs the largest direct investment deal in its history, worth $35 billion
Dr. Mostafa Madbouly, Prime Minister, will shortly announce the signing ceremony of a major investment partnership deal. The signing ceremony will be followed by a press conference to explain the details of the deal, at the Cabinet headquarters in the New Administrative Capital.
At its meeting yesterday, headed by Dr. Mostafa Madbouly, the Council of Ministers approved the largest direct investment deal through an investment partnership with major entities, in light of the state’s current efforts to attract foreign direct investment and increase the state’s foreign exchange resources.
Dr. Mostafa Madbouly stated that this major investment deal, which is being carried out in partnership with major entities, achieves the state’s development goals, which were set by the National Strategic Plan for Urban Development, indicating that this deal is the beginning of several investment deals, which the government is currently working on, to increase the state’s resources from Hard currency.
#Al-Sharq_Urgent Egyptian Prime Minister: The UAE will pump $150 billion into Egypt during the implementation of the “Ras Al-Hikma” project #Urgent
Dr. Mostafa Madbouly, Prime Minister, will shortly announce the signing ceremony of a major investment partnership deal. The signing ceremony will be followed by a press conference to explain the details of the deal, at the Cabinet headquarters in the New Administrative Capital.
At its meeting yesterday, headed by Dr. Mostafa Madbouly, the Council of Ministers approved the largest direct investment deal through an investment partnership with major entities, in light of the state’s current efforts to attract foreign direct investment and increase the state’s foreign exchange resources.
Dr. Mostafa Madbouly stated that this major investment deal, which is being carried out in partnership with major entities, achieves the state’s development goals, which were set by the National Strategic Plan for Urban Development, indicating that this deal is the beginning of several investment deals, which the government is currently working on, to increase the state’s resources from Hard currency.
#Al-Sharq_Urgent Egyptian Prime Minister: The UAE will pump $150 billion into Egypt during the implementation of the “Ras Al-Hikma” project #Urgent
The SC
INT'L MOD
- Thread starter
- #38
#Ras_Al-Hikma.. the largest direct investment project in the history of #Egypt
150 billion dollars in #Ras_Al-Hikma.. Details of the largest investment project in the history of #Egypt..
- The land of the Area is not sold..what happened is a joint venture with The UAE..
- A total investment of $500 billion for the development of the area of Ras Al Hikma with all its 3 phases..
- The project generates 8 million jobs in its first phase alone..
- There are also 5 new cities projects..
150 billion dollars in #Ras_Al-Hikma.. Details of the largest investment project in the history of #Egypt..
- The land of the Area is not sold..what happened is a joint venture with The UAE..
- A total investment of $500 billion for the development of the area of Ras Al Hikma with all its 3 phases..
- The project generates 8 million jobs in its first phase alone..
- There are also 5 new cities projects..
Last edited:
The SC
INT'L MOD
- Thread starter
- #41
Qatar Investment Fund QIA signs contracts for the construction of “Riviera City” in the city of El Alamein in the coming period
The new project, called “Riviera Al Alamein,” aims to attract 3 million tourists and includes a chain of international hotels, led by the Emirati Rotana, the American Marriott, and a group of other hotels managed by the French “Accor,” with a total of 10,250 rooms and 3,975 hotel apartments.
The project also includes an international yacht marina, a medical city, a conference hall, schools, a chain of commercial malls, a golf club, and sports areas.
The new project, called “Riviera Al Alamein,” aims to attract 3 million tourists and includes a chain of international hotels, led by the Emirati Rotana, the American Marriott, and a group of other hotels managed by the French “Accor,” with a total of 10,250 rooms and 3,975 hotel apartments.
The project also includes an international yacht marina, a medical city, a conference hall, schools, a chain of commercial malls, a golf club, and sports areas.
Users who are viewing this thread
Pakistan Defence Latest
-
-
-
-
-
Monitoring: internal ethnic tensions & ethno-politics- Latest: Hopefully Pessimistic
Country Watch Latest
-
Iran - Israel/US War: Israel-US declare war on Iran, Iran responds (233 Viewers)
- Latest: NGAD IS THE BEST
-
-
-
-
Latest Posts
-
-
Iran - Israel/US War: Israel-US declare war on Iran, Iran responds (233 Viewers)
- Latest: NGAD IS THE BEST
-
-
-