Around the world on 17 December 2020
IN DIPLOMACY: The UAE has joined the East Mediterranean Gas Forum as an observer, the presidency announced after a meeting between President Abdel Fattah El Sisi and Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed bin Sultan Al Nahyan, which also covered ramping up the UAE’s investments in Egypt and energy cooperation, Reuters reports.
Italy will sell USD 1 bn worth of arms to Egypt including frigates, trainer jets, navy patrol boats, and a military satellite, RT reports.
Seven Egyptian banks were accredited as trade finance intermediaries by Afreximbank in 2020, including CIB, National Bank of Egypt, Banque du Caire, Arab International Bank Egypt, Banque Misr, Emirates NBD Egypt, and the Export Development Bank of Egypt, according to a press release. These banks will now be able to extend Afreximbank’s initiatives and credit solutions to their clients as a way to facilitate the transformation and development of trade across Africa.