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...
Sheikh Mohamed bin Zayed arrives in Egypt for key diplomatic talks
UAE President Sheikh Mohamed bin Zayed’s working visit to Egypt aims to strengthen bilateral ties, focusing on economic, political, and humanitarian issues....
WEF unveils Playbook of Solutions to accelerate clean energy financing
The World Economic Forum launched a platform to boost clean energy investment with 100 solutions from 47 countries, aiming to unlock $1.7 trillion in finance...
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....
NMDC showcases impressive AED1.513 billion net profits in nine months of 2023
The National Marine Dredging Company (NMDC) is riding high on financial success. The prominent player in the dredging sector recorded a significant uptick in its...
Eni signs off on $7.7 billion to advance Egypt’s energy agenda
Italian energy leader Eni has declared plans to invest an impressive $7.7 billion in Egypt’s energy sector over the next four years, as announced by...
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...