Politics
Egypt's parliament approves four international funding agreements and adjourns until November 16
November 3, 2026 at 01:59 PM
Coverage
5 reports · over 3 hours
Egypt's House of Representatives, chaired by Hisham Badawi, approved four funding and cooperation agreements and adjourned its plenary session until November 16.
- Speaker Hisham Badawi announced the adjournment, with the next plenary session set for Monday, November 16.
- The House approved two agreements with the African Development Bank financing the third phase of the Gabal El-Asfar wastewater treatment plant.
- Members ratified cooperation agreements with the French Development Agency covering sustainable green industry and French-language teaching in state schools.
- Parliament approved two grants totalling 500,000 euros and 280,000 accounting units for a renewable-energy desalination project under the NWFE program.
- The five solar- and wind-powered desalination plants will attract about 800 million dollars in private investment and enter service by the end of 2030.
- Education committee head Ashraf El-Shihi said the project supports French as a second foreign language in line with secondary education reforms.
- The French-language agreement is funded by a non-repayable grant of two million euros under Presidential Decree No. 391 of 2026.
Market angle
- Fresh dollar inflows improve dollar liquidity and support deals. — may benefit: Banks, Investment banks & brokers, Investment holdings, Real estate
Not investment advice.




