July 13, 2023

Egyptian, Chinese companies agree USD 60 mln. investments

Egypt’s Suez Canal Economic Zone signed a number of contracts with Chinese industrial companies to develop textile, auto parts and power transformer projects inside the joint China-Egypt TEDA Suez Economic and Trade Cooperation Zone (TEDA Egypt).The t…

IMF Approves USD three bln. bailout program for Pakistan

The Executive Board of the International Monetary Fund (IMF) approved on Wednesday a nine-month Stand-By Arrangement (SBA) for Pakistan to the amount of SDR 2,250 million (about USD three billion, or 111 percent of quota) to support the authorities’ e…

Biden affirms US commitment to supporting Ukraine

US President Joe Biden met with President Volodymyr Zelenskyy, of Ukraine, on the sidelines of the NATO summit in Vilnius city, Lithuania, on Wednesday.During the meeting, President Biden emphasized “the enduring US commitment to supporting Ukraine’s …