Egypt, Qatar Plan $7.5 Billion Investment Deal

Egypt and Qatar have announced plans to work toward a $7.5 billion Qatari investment package to support Egypt's struggling economy, signaling improved relations since Egypt ended its embargo on Qatar in 2021. The announcement followed President Abdel-Fattah El-Sisi's visit to Doha as Egypt faces inflation, currency shortages, and reduced Suez Canal revenues due to regional instability. This initiative is part of a broader $57 billion rescue package involving the UAE, IMF, and EU, with the UAE previously pledging $35 billion. Egypt aims to attract $60 billion in foreign direct investment by 2030, prioritizing private sector leadership and regional cooperation. The investment is expected to aid Egypt's sustainable development and reflects closer economic ties after normalization. Both countries also underscored the importance of the Palestinian cause and ongoing mediation efforts for a ceasefire in Gaza.