Egypt wants to boost investment cooperation with UAE
Tuesday, 13 February 2024
DUBAI, Feb 12 (Arab News): During the annual Arab Fiscal Forum in Dubai, Egyptian Finance Minister Mohamed Maait emphasised his country's dedication to enhancing cooperation with the UAE in taxation, economy, finance, and investment areas.
Maait told Emirates News Agency, also known as WAM, that Egypt issued debt instruments in three tranches during the November and December worth $1.5 billion.
He noted the ongoing consideration of bond issuances in Gulf markets as part of the Ministry of Finance's strategy to diversify financing sources, instruments, currencies, and investor bases.
Highlighting the collaborative efforts of Egypt and the UAE, Maait pointed out the expansion of cooperation frameworks and the creation of new opportunities for joint projects.