AGP Executive Report
Last update: 11 hours agoTrade: Egypt and Djibouti signed a protocol to widen market access and encourage investment. Egypt identified pharmaceuticals, fertilisers, food, electronics and engineering goods as potential exports, while Djibouti aims to ease trade barriers and connect Egyptian firms with Horn of Africa markets. Development Finance: The Islamic Development Bank has approved more than $2.3 billion in financing for Djibouti. Its chairman and the finance minister reviewed the Biidley Airport project, the National Oncology Centre and a new five-year partnership strategy covering infrastructure, energy, health and trade. Ports and Logistics: Red Sea disruptions have brought Djibouti more transshipment activity, but higher fuel, maintenance and cargo-handling costs are squeezing port operations and adding pressure to consumer prices, the ports authority chairman warned.
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