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Egypt, UK to Expand Collaboration in Renewable Energy Sector
EG >> 9/18/2024 - The British company Globeleq is set to collaborate with the Egyptian government in establishing a substantial project for green hydrogen production, aiming to diversify its investments within Egypt's ...
Al-Mashat Meets President of BRICS Bank, During Annual Meetings in South Africa
EG >> 9/1/2024 - Minister of Planning, Economic Development and International Cooperation and Governor of Egypt at the New Development Bank (NDB) of the BRICS group Rania Al-Mashat met with Mrs. Dilma Rousseff, Presid...
Cairo, Alexandria, Other African Cities to Dominate Gdp Growth By ’35 – Eiu
EG >> 8/25/2024 - Cairo, Egypt, along with other major African cities, is projected to be among the top 100 African cities with the highest GDP by 2035, according to a recent report by the Economist Intelligence Unit (...
Egypt Sets A Plan to Reach 45,000MW from Renewable Energy
EG >> 7/30/2024 - Egypt is aiming for a substantial boost in renewable energy output, with a target of 45,000 megawatts from projects currently under construction, as highlighted by Minister of Electricity and Renewabl...
Egyptian Deputy PM, U.S. Embassy Discuss Cooperation in Green Industries
EG >> 7/23/2024 - Deputy Prime Minister for Industrial Affairs Kamel al-Wazir met with U.S. Ambassador Hero Mostafa to discuss bolstering American investments in the sectors of new and renewable energy, green hydrogen,...
Egyptian-Saudi Power Linkage Project to Commence Operation in Summer 2025: Ministry
EG >> 7/22/2024 - Cairo and Riyadh agreed to do what is necessary to start operating the power linkage grid project between the two countries in the summer of 2025, according to a statement by the Minister of Electrici...
PM, UAE Minister of Industry Discuss Localization of Renewable Energy Industries
EG >> 7/14/2024 - Prime Minister Mostafa Mabdouli convened a meeting, to discuss collaborative efforts in the field of new and renewable energy between Egypt and the United Arab Emirates, focusing on the localization o...
Electricity Ministry tO OPEN 252 Mw Gulf oF Suez WIND POWER PLANT
EG >> 5/28/2024 - Minister of Electricity and Renewable Energy Mohamed Shaker will attend the inauguration of the 252 MW Gulf of Suez wind power plant project in in Red Sea governorate, under the auspices of Prime Mini...
US Federal Reserve Keeps Interest Rates at 23-Year High
EG >> 5/2/2024 - The US Federal Reserve held interest rates steady for a sixth straight meeting, keeping the level at a 23-year high to fight stubborn price increases.

After a two-day gathering, the centra...
Madbouli Witnesses Inking of Land Deals to Implement 2 Electricity Projects in Sohag
EG >> 5/1/2024 - Prime Minister Moustafa Madbouli witnessed a ceremony for inking two land hand-over minutes to implement two projects of establishing stations for generating electricity from wind energy in the west o...
Global Economy to Grow 3.1 Percent in 2024; Inflation Pressures Ease: Lmf
EG >> 2/1/2024 - The global economy is expected to grow by 3.1 percent in 2024 and edge slightly higher to 3.2 percent in 2025, with projections indicating a moderate growth trajectory and a gradual easing of inflatio...
Will Halting of Egypt's Abu Qurqas Factory Production Lead to Resurgence in Sugar Prices?
EG >> 1/15/2024 - The historic Abu Qurqas Sugar Factory decided to halt cane sugar production after 155 years, due to a sharp reduction in sugar cane supply to the factory, Issam El-Din El-Badawi, head of the Egyptian ...
Pm Attends Inking of Wind Energy Project Worth $1.5bn
EG >> 1/10/2024 - Prime Minister Moustafa Madbouli attended the inking of a usufruct agreement between the New and Renewable Energy Authority (NREA) and a consortium led by ACWA Power to produce 1.1 GW of wind energy f...
World Bank Slightly Downgrades Egypt’s Growth Forecast for 2024
EG >> 1/9/2024 - The World Bank downgraded its forecasts for Egypt’s real GDP growth for 2024 to 3.5 percent from 3.7 percent in a previous estimate, according to the Global Economic Prospects report released .
Egypt Considers EGP 8 Bln Partnership Offers in Real Estate
EG >> 12/4/2023 - The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector, Mahmoud Esmat, Minister of Public Business Sector, said.<...
Egypt Considers EGP 8 Bln Partnership Offers in Real Estate Sector: Minister
EG >> 12/3/2023 - The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector, Mahmoud Esmat, Minister of Public Business Sector, said.<...
SCZONE, Scatec ASA Sign Mou on Ship Bunkering Worth $1.1 Bn
EG >> 12/3/2023 - The Suez Canal Economic Zone (SCZONE),, signed a memorandum of Understanding (MoU) with the Norwegian company Scatec ASA on ship bunkering with green fuel in Eastport Said, with an investment cost of ...
Gulf-Egyptian Business Forum Kicks Off in Cairo
EG >> 11/22/2023 - Egypt's Minister of Trade and Industry Ahmed Samir opened the first Gulf-Egyptian Business Forum at the Federation of Egyptian Chambers of Commerce (FEDCOC) in Cairo.

The two-day event is b...
Saudi Batterjee Group Announces Acquisition Plans in Egypt’s Pharmaceutical Market
EG >> 11/21/2023 - The Saudi Batterjee Holding Group has unveiled its plans to acquire a pharmaceutical company listed on the Egyptian Exchange (EGX) within the next six months, Mazen Batterjee, Chairman of the group, s...
Saudi Al-Lami Group to Invest $500 Million in Egypt's Tourism And Real Estate Sectors
EG >> 11/20/2023 - The Saudi Al-Lami Holding Group unveiled its plans to make a substantial investment of $500 million in Egypt over the next two years, targeting the flourishing tourism and real estate sectors, Mohamed...
Egypt Forecasts LE70B in Revenues from IPO Program By End of Fiscal Year
EG >> 11/8/2023 - Egypt is projecting revenues of up to LE 70 billion from the government’s initial public offering (IPO) program, equivalent to 0.6 percent of the gross domestic product (GDP), in the current fiscal ye...
Abu Dhabi Sustainability Week to Host Special Edition at COP28
AE >> 9/18/2023 -  Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and withing the framework of his keenness to champion sustainability as a key pillar of the UAE’s economic and social...
AD Ports Group’s Economic Cities, Free Zones And Digital Cluster Enhances Customer Experience
AE >> 8/23/2023 - AD Ports Group has completed a number of initiatives under "The Abu Dhabi Programme for Effortless Customer Experience," a pioneering new model that enables effortless customer experiences across Abu ...
Egypt to Represent Africa in AIIB's 8th Annual Meeting in Sharm El-Sheikh
EG >> 8/21/2023 - Egypt is set to represent Africa at the eighth annual meetings of the Asian Infrastructure Investment Bank (AIIB), which will convene in Africa for the first time on 25-26 September in Sharm El-Sheikh...
Ethiopia And Afdb Ink $84.3 Mn Grant Agreement to Enhance Wheat Production
AE >> 8/16/2023 - The African Development Bank Group (AfDB) has awarded grant funding totalling $84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes.

Ethiopia’s Finance Ministe...
Egypt Enjoys Competitive Edge In Producing Green Hydrogen
EG >> 8/2/2023 - Egypt’s Prime Minister Moustafa Madbouli said that Egypt adopted a series of important measures that enabled it to occupy a competitive place in the green hydrogen sector, thanks to the political lead...
PM Hails Fruitful Cooperation Between Electricity Ministry, ACWA Power Saudi Company
EG >> 7/17/2023 - Prime Minister Moustafa Madbouli hailed the fruitful cooperation between the Electricity and Renewable Energy Ministry and ACWA Power Saudi company in several spheres, especially a 10 gigawatt wind po...
SCZONE: We Are Keen on Cooperation With Chinese Firms
EG >> 7/9/2023 - The Suez Canal Economic Zone (SCZONE), said Dr. Ibrahim Abdel-Khalek, Vice chairman of (SCZONE) for Investment and Promotion Affairs, and Mr. Ahmed Saad, SCZONE’s CEO, received a business delegation f...
$5B Wind Farm to Be Built By Norway's Scatec in Egypt to Produce 5GW of Electricity Annually
EG >> 7/5/2023 - The New and Renewable Energy Authority will secure a land plot for Norway's Scatec ASA to build a wind farm western Sohag as per an agreement they signed in the presence of Prime Minister Mostafa Madb...
Mashat Discusses Cooperation With EBRD to Lure Private Sector's Participation in NWFE Projects
EG >> 5/17/2023 - Minister of International Cooperation Rania Mashat had talks with President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso on the executive measures taken in tandem ...
EBRD Cuts Egypt’s Real GDP Growth in 2023 By 0.1%, Increases Forecast By 0.2% in 2024
EG >> 5/16/2023 - For the second time since February, the European Bank for Reconstruction and Development (EBRD) has downgraded its forecast for Egypt’s real GDP growth to 4.2 percent, a 0.1 percent decrease from its ...
Global Forum Spotlights Actions to Make Trade More Sustainable And Inclusive
AE >> 5/7/2023 - UNCTAD will host the third UN Trade Forum on 8th and 9th May 2023 to identify trade policies that can help countries grow their economies while tackling pressing global challenges and accelerating pro...
Reviews Proposals to Improve Ring Road's General Appearance
EG >> 3/25/2023 - Prime Minister Mostafa Madbouli chaired a meeting to review proposals aiming to improve the general appearance of the Ring Road.

The Faculties of Engineering at Cairo and Ain Shams Universi...
Gulf Exceptionalism Creates M&A Opportunities in The Middle East Region Despite Global Headwinds
AE >> 3/18/2023 - PwC Middle East released its 2023 TransAct Middle East report titled, “Gulf exceptionalism creates M&A opportunities despite global headwinds,'' which offers insights on the Merger & Acquisition (M&A)...
INTERVIEW: EBRD to Invest Over $1.4 Bln in Egypt ?n 2023: VP
EG >> 3/1/2023 - The European Bank of Reconstruction and Development (EBRD) is projected to invest over $1.4 billion in Egypt, the highest investment the bank has ever made in the country, the EBRD’s Vice President fo...
Suez Canal Economic Zone Launches Chinese Projects in Billions of Dollars
EG >> 2/20/2023 - A meeting between the Suez Canal Authority and a group of Chinese businessmen discussed a Chinese project in the TEDA area of the Suez Canal Authority worth billions of dollars, alongside projects inv...
HFZA to Showcase Investment Opportunities at Gulfood 2023
AE >> 2/19/2023 - The Hamriyah Free Zone Authority (HFZA) has announced it will take part in the upcoming 28th edition of Gulfood 2023, the biggest food and beverage supply platform globally.

The event will ...
World Bank Warning: Global Economy Is At Risk of Recession
EG >> 1/10/2023 - The global economy will slow "perilously close" to a recession this year, led by weaker growth in all the world's top economies _ the United States, Europe and China, the World Bank warned .

...
WB: Egypt's Economic Reforms Helpful in Overcoming Int'l Crisis
EG >> 1/9/2023 - The World Bank stressed that the economic reforms carried out by Egypt will help overcome the effects of the current international crisis.

The World Bank said "Macroeconomic and structural ...
Hamriyah Free Zone Authority to Take Part in Steelfab 2023
AE >> 1/8/2023 - The Hamriyah Free Zone Authority (HFZA) in Sharjah has announced it is going to participate in the 18th edition of SteelFab 2023 exhibition organised by Expo Centre Sharjah from 9-12 January.

...
Ducab Supplies Gulf of Suez Project in Egypt With Sustainable Energy Solutions
AE >> 1/3/2023 - Ducab Group—one of the UAE’s largest industrial manufacturing businesses—is supplying 633 kilometres of medium voltage and earthing cable to a new Egyptian 70-turbine windfarm in a move that reinforce...
High Demand on Egypt's First-Ever Online Land Allocation: Housing Minister
EG >> 1/3/2023 - Egypt's first-ever online allotment of land plots in new cities, which runs until February, is sparking widespread interest among the public, announced Minister of Housing, Utilities, and Urban Commun...
Egypt’s Sovereign Fund Attracted EGP 37 Billion Since 2018, 43% of All Foreign Direct Investment
EG >> 1/1/2023 - The Sovereign Fund of Egypt (TSFE) has, since 2018, attracted 43 percent of total foreign direct investment (FDI), or EGP 37 billion, according to a statement by Egyptian Presidential Spokesman Bassam...
UAE Economy Survived Economic Impact of COVID-19: IMF Official
AE >> 12/21/2022 - The UAE economy has quickly survived the economic impact of the COVID-19, with near-term economic growth being strong, underpinned by a rebound in domestic activity, while elevated oil prices support ...
'Dubai Destinations' Campaign Returns to Highlight Dubai’s Unique Winter Attractions And Experiences
AE >> 12/11/2022 - Under the directives of H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Media Council, the ‘Dubai Destinations’ winter campaign returns this year to showcase the attraction...
AMEA Power Signs Agreements for Renewable Energy Stations Worth Billions
EG >> 11/30/2022 - Prime Minister Mostafa Madbouly attended the signing ceremony of the financial closure agreements between the Emirati AMEA Power company.

There are also a number of international financing ...
OIC Countries To Address US$ 63 Billion Halal Products Trade Deficit: Report
AE >> 11/29/2022 - The 2022 Annual OIC Halal Economy Report identified that the OIC member states recorded a trade deficit of US$63 billion for halal economy products in 2021, covering food, fashion, pharmaceuticals and...
Pm Reviews Developments in Renewable, Green Hydrogen Projects
EG >> 11/26/2022 - Prime Minister Moustafa Madbouli stressed the state's interest in projects being implemented in the fields of new and renewable energy.

He also underlined the state's keenness on offering b...
Advance Landmark 4 GW Green Hydrogen Program in Egypt
AE >> 11/17/2022 - Masdar, the UAE’s flagship clean energy company, and its consortium partners, Infinity Power Holding and Hassan Allam Utilities, announced that they have signed a framework agreement with leading Egyp...
Egypt, Belgium Discuss Investment in Energy Fields
EG >> 10/19/2022 - Minister of Electricity and Renewable Energy Mohamed Shaker received Commercial Attaché at the Embassy of Belgium in Egypt Hajar Magdy to discuss investment opportunities in the fields of energy, espe...

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