Egypt, South Korea sign a $1bn financing agreement
RIYADH: Egypt signed a $1 billion financing agreement with South Korea on Thursday, in addition to rubber stamping a $8.9 million grant.
The agreement’s duration is five years, from 2022 to 2026, Asharq reported
The signing of the agreements coincides with the two-day official visit of South Korean president Moon Jae-in — the first visit in 16 years by a leader of the country.
Trade exchange between Egypt and South Korea increased by 23.6 percent in the first 10 months of 2021 to hit $1.9 billion — up from $1.6 billion during the same period last year, Asharq reported citing CAPMAS.
arabnews
Finance & Economy

Palm Hills submits documents to EGX for EGP 81.3M capital cut
ArabFinance: The Egyptian Exchange (EGX) has announced that Palm Hills Developments (PHD) submitted documents for an EGP 81.309"...
Read More
Latest News

Huawei, KSIU ink MoU to set up ICT academy in Sinai
