{"id":5105,"date":"2024-02-29T21:51:51","date_gmt":"2024-02-29T21:51:51","guid":{"rendered":"https:\/\/dubaiattracts.com\/egypt-secures-5-billion-in-uae-downpayment\/"},"modified":"2024-02-29T21:51:51","modified_gmt":"2024-02-29T21:51:51","slug":"egypt-secures-5-billion-in-uae-downpayment","status":"publish","type":"post","link":"https:\/\/dubaiattracts.com\/en\/egypt-secures-5-billion-in-uae-downpayment\/","title":{"rendered":"Egypt secures $5 billion in UAE &#8216;downpayment&#8217;"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<p>\n      Egypt is in dire need for foreign cash inflows amid regional instability, domestic woes [Getty]<\/p>\n<div>\n<p>Egypt has secured the first $5 billion tranche in the Ras al-Hekma property development <a href=\"https:\/\/www.newarab.com\/news\/ras-al-hekma-egypt-signs-huge-35-billion-deal-uae\">deal<\/a>, with a second $5 billion instalment slated for Friday, according to the Egyptian Prime Minister&#8217;s announcement on Thursday.<\/p>\n<p>President Abdel Fattah al-Sisi had confirmed on Wednesday that a portion of the funds from the $35 billion agreement with the United Arab Emirates (UAE) for the Ras Al-Hekma project has been deposited into Egypt&#8217;s central bank.<\/p>\n<p>The pact aims to develop the coastal peninsula&#8230;<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newarab.com\/news\/ras-al-hekma-egypt-secures-5-billion-uae-downpayment\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt is in dire need for foreign cash inflows amid regional instability, domestic woes [Getty] Egypt has secured the first $5 billion tranche in the Ras al-Hekma property development deal, with a second $5 billion instalment slated for Friday, according to the Egyptian Prime Minister&#8217;s announcement on Thursday. President Abdel Fattah al-Sisi had confirmed on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,184],"tags":[],"class_list":{"0":"post-5105","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-uae"},"_links":{"self":[{"href":"https:\/\/dubaiattracts.com\/en\/wp-json\/wp\/v2\/posts\/5105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dubaiattracts.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dubaiattracts.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dubaiattracts.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dubaiattracts.com\/en\/wp-json\/wp\/v2\/comments?post=5105"}],"version-history":[{"count":0,"href":"https:\/\/dubaiattracts.com\/en\/wp-json\/wp\/v2\/posts\/5105\/revisions"}],"wp:attachment":[{"href":"https:\/\/dubaiattracts.com\/en\/wp-json\/wp\/v2\/media?parent=5105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dubaiattracts.com\/en\/wp-json\/wp\/v2\/categories?post=5105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dubaiattracts.com\/en\/wp-json\/wp\/v2\/tags?post=5105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}