Dear followers everywhere, welcome to a new analysis of the most important reports presented by the Banker Research Unit around the clock today, Wednesday, November 27, 2024, on various Banker platforms.
Today, Banker platforms presented a large number of reports on economic affairs.
We begin with a report on the story of the $6 billion and Egypt’s new financial capital
Banker explained that the Suez Canal Economic Zone is considered an important sign of the new republic and living proof of the economic boom in Egypt and an Egyptian financial showcase for the world, and after most of the projects in it are completed, it will be a financial capital for Egypt and for the region as well.
The report pointed out that the Suez Canal Economic Zone will be the most important industrial zone in the world because of the advantages it enjoys, such as its proximity to the Suez Canal and international trade lines, and its proximity to all ports in Europe, the Middle East, and the Arabian Gulf.
The Banker unit indicated that there is another reason why the Suez Canal Economic Zone is of interest to international companies, which is that it specializes in green economy projects in addition to other activities, and this means that it will attract the type of international companies that are working in green economy projects such as clean electric energy, green hydrogen projects, and others…
Banker pointed out that the economy of the Suez Canal will be one of the most important regions in the world that provides logistical services, ports, and outsourcing. There are currently 164 projects, seven of which are in ports, and the rest are factories and logistical sites within the region. In numbers, the region is estimated to attract global investments of more than 6.3 billion dollars in various fields, and this is just the beginning. That number is very huge.
The Banker Research Unit presented a special report today on the return of Egyptian banks to borrowing from abroad
Banker explained that in the past weeks, large Egyptian banks such as the Banque Misr and the Commercial International Bank have returned to requesting external financing from international financial institutions. The Banque Misr alone borrowed a billion dollars from 18 international financial institutions, while the International Commercial Bank signed a financing agreement for 150 million dollars with the financial institution. International
The report explained the reasons and said that the issue has more than one angle, including that the cost of borrowing in dollars from international markets is much cheaper than borrowing in pounds from the local market. This gives banks a great advantage in that it increases their profits and also enhances their liquidity with dollars.
The report pointed out that this is considered an important indicator that international institutions have begun to regain their confidence in the Egyptian economy and have returned to financing Egyptian banks because it is evidence of confidence in the Egyptian economy.
Banker platforms presented a different report on the Cairo-Cape Town Road Project and its benefits to the Egyptian state
He highlighted President Sisi’s policy since he assumed power to restructure Egypt’s relations with African countries, because they represent strategic depth for Egypt, and that is why Egypt has moved to build strong relations with the countries of the continent, based on economic cooperation and common interest.
The Banker report indicated that President Abdel Fattah El-Sisi’s directives to the government have begun to be implemented on the ground, and currently we have begun to see projects in the sectors of energy, electrical connection, export, and land and sea connection, and this is not the political integration that remains present in most African countries and Egypt.
The report pointed out that Egypt began a long time ago the railway connection project and the linking operations between Egypt and the countries of North, South and Central Africa through the Cairo-Cape Town Road.
Banker explained that the Cairo-Cape Town Road will connect more than 10 African countries together and will reach 1,155 km in length in Egypt. It will contribute to shortening the time period between North and South Africa by an average of only 5 days, and will fulfill the dream of linking Cairo and South Africa to transport people and goods between different countries. African.
The report explained that the new road will facilitate the movement of land transport between the countries it will pass through and will allow any investor to transport and export his goods to any of the countries it will pass through in a record time that will not exceed 4 days, unlike the system that currently exists and which is responsible for the transport movement between the countries of the African continent. By sea, which will take months, but it will be a political path that fully serves the comprehensive development movement throughout the African continent.
