On Tuesday, US officials reported to Reuters that Egypt, Jordan and Morocco would be participating in the conference.
Forbes magazine earlier this year featured seven Emirati billionaires in its annual list for 2019, same as last year, but the value of their assets declined year-on-year due to a slowdown in the global economy and a dip in property prices in the UAE.
Founded by Bill and Melinda Gates and Warren Buffett in 2010, the Giving Pledge is a global, multi-generational commitment by some of the world's wealthiest individuals and couples to give more than half of their wealth to philanthropy or charitable
The ratings agency believes the reason for the current wave of bank mergers and acquisitions in the region is the desire among banks with the same major shareholders to further enhance efficiency, strengthen franchises, and boost pricing power.
Egypt’s debt is offering some of the biggest returns among developing nations, with the yield on its one-year T-bill around 17 percent, or more than triple the average for local-currency debt in emerging market.