This was not just a property deal, though: the deluge of investment also bailed out a country on the brink of economic crisis after a decade of debt-fuelled spending.
Egypt — which uses gas for cooling to escape extreme heat — wants to secure LNG to avoid the chronic power outages of last summer, according to one of the people.
Egyptians, already reeling under a cost of living crisis amid record-high inflation, are suffering a further erosion of purchasing power.
Israeli PM had cancelled officials’ US visit to discuss planned offensive in southern Gaza after the US refused to veto a UN security council vote on a ceasefire .
When the news came, Hisham Nader quickly finished work and went home to deliver a message to his family.
In a few short weeks in March, Egypt emerged from its worst currency crisis in decades to become the hottest trade in emerging markets.
For the past decade, the heavily indebted country has been selling off tourism, agricultural and port assets to the United Arab Emirates and Saudi Arabia.
Egyptian Foreign Minister Sameh Shoukry and British Minister of State for the Middle East and North Africa, Lord Tariq Ah .
The German foreign minister has arrived in Egypt for further negotiations seeking to ease the worsening humanitarian situation in Gaza.
German Foreign Minister Annalena Baerbock met with her Egyptian counterpart Sameh Shoukry in Cairo on Monday for another round of crisis talks amid the increasingly catastrophic humanitarian situation .
Agreement to be signed off on Sunday is part of bloc’s attempt to stop refugees crossing Mediterranean .
Egypt's Foreign Minister Sameh Shoukry and German Foreign Minister Annalena Baerbock convened for in-depth talks.