OPEC Fund co-finances Africa’s largest onshore wind power project
The OPEC Fund has committed $30M to co-finance Africa’s largest onshore wind power project in Egypt’s Gulf of Suez, expected to power 1M homes and...
Tag : Egypt
Egypt food exports reach $5.5 billion in first 11 months of 2024
Egypt’s food exports reached $5.5 billion by November 2024, marking a 17% growth over 2023, with key markets including Arab nations, Europe, Africa, and the...
Central bank of Egypt unleashes bold monetary measures
The Central Bank of Egypt implements bold monetary measures, letting market forces decide the Egyptian pound's fate....
Egypt and UAE forge $150 billion investment partnership
Egypt and UAE forge $185 billion investment partnership, marking a significant stride in economic collaboration between the two nations....
UAE and Egypt strengthen bonds in pivotal Abu Dhabi meeting
In a momentous meeting at the prestigious Qasr Al Shati in Abu Dhabi, the UAE’s President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, and...
Egypt targets $5 billion in state IPOs by mid-2024
In an ambitious bid to boost its financial standing, the Egyptian government is poised to secure $5 billion through the initial public offerings (IPOs) of...
Egypt to expand Zohr field with 25 new wells
Egypt is aggressively expanding its natural gas exploration activities, earmarking a robust $1.9 billion for drilling 45 new exploratory wells in the Mediterranean and Nile...
Historic meeting between UAE and Egyptian presidents highlights cooperation and investment
During a special visit to the historic city of El Alamein, President Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates and Egyptian...
Egypt and Palestine’s Presidents converge to discuss peace
In a diplomatic move towards the cause of Middle East peace, Egyptian President, Abdel Fattah El-Sisi, convened with his Palestinian counterpart, Mahmoud Abbas, during the...
Progressive policies and economic strength mark Egypt’s growth under El-Sisi
Egypt’s economy has demonstrated significant resilience and growth, as indicated by a marked reduction of 61.2% in its current account deficit, down to just US$...