Apr. 6, 2022

Qatari investment marks new chapter in ties with Egypt

Peninsula/Economy

The story: Qatar has agreed to invest 5B USD in Egypt in a sign that bilateral ties have greatly improved over the past year. Meanwhile, Saudi Arabia and the UAE have also announced separate new investment packages to help offset Egypt’s financial struggles. The change follows the Jan. 2021 end to the nearly four-year diplomatic rift between Qatar and the Arab Quartet—consisting of Bahrain, Egypt, Saudi Arabia, and the United Arab Emirates (UAE).

The coverage: Qatar News Agency (QNA) reported on Mar. 29 that “Qatar and the Arab Republic of Egypt agreed on a set of investments and partnerships…[for a] total value of 5B USD in the coming period"...

Register for free to continue reading.

Registering helps us deliver original coverage of the region's most important issues.

Amwaj.media
Amwaj.media
Amwaj. media articles are authored by our team. ... Full Bio
فارسیPersian
فارسیPersian
عربيArabic
عربيArabic