The volume of trade between Egypt and the Gulf countries reached nearly $14 billion in 2024, compared to $9 billion in 2020, Minister of Investment and Foreign Trade Hassan El-Khatib noted.

The Egyptian government is set to pay off $3 billion in loans to Gulf-based banks in November via the country’s dollar resources.

CI Capital, which serves as a bookrunner, is planning to conduct a roadshow for offering a 30% stake in The United Bank on the Egyptian Exchange (EGX) in November.

Emaar is looking forward to drawing in a portion of the massive $90 billion annual tourism spending by Gulf countries to Egypt, with a special focus on attracting Gulf tourists to the North African country.

Egypt has secured at least $200 million in financing from Saudi Arabia and Libya to purchase natural gas cargoes this summer amid its energy crisis.

The payment solutions provider PaySky is currently working on automating the transfer of remittances from Gulf Cooperation Council (GCC) countries, such as Saudi Arabia and the UAE, to Egypt to facilitate the process.

The Sovereign Fund of Egypt (TSFE) is planning to conduct a roadshow across the Gulf countries in June to lure new investments, Minister of Planning and Economic Development Hala ElSaid revealed.

EFG Holding is planning to launch a new fund to secure $300 million for the implementation of educational projects in the Gulf countries, with a focus on Saudi Arabia.

Egypt is studying issuing bonds denominated in Gulf currencies in the coming period, Egyptian Minister of Finance Mohamed Maait said.

Elsewedy Electric is targeting to boost its investments in the Gulf Cooperation Council (GCC) countries.

Trade exchange between Egypt and Gulf Cooperation Council (GCC) countries rose by 31% year on year (YoY) during 2022 hitting $34 billion, Secretary-General of the Cooperation Council for the Arab States of the Gulf Jasem Mohamed AlBudaiwi told Asharq Business.

Egyptian real estate developer MIDAR for Investment and Urban Development is currently in advanced talks with Gulf investors over selling plots of land in US dollar.

Egyptian homeware brand ariika is targeting to access Gulf markets, taking the Saudi market as the starting point.

EFG Holding will work on four initial public offerings (IPOs) of around $2 billion in the Gulf market before the end of the year.

Founded in 2022 by Egyptian entrepreneurs Fares Senior and Abdallah Elbarbary, Ecombo offers a digital warehouse and a virtual platform for merchants and suppliers.