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Business - Economy
11/23/2022 9:20:42 PM
Egypt’s Country Platform for the Nexus of Water, Food and Energy (NWFE) aims to mobilise climate finance and private investments from multiple international financing institutions to accelerate the national climate agenda and support the country's green transition.

Egypt - Politics
11/23/2022 4:33:31 PM
Egypt's House of Representatives approved on Tuesday a $6 billion loan agreement with the International Islamic Trade Finance Corporation to help the country meets it basic food commodity needs of imported wheat, fuel products, and petroleum derivatives.

Al-Ahram Weekly - COP27
11/22/2022 8:51:31 PM
With the conclusion of the UN COP27 in Sharm El-Sheikh, it now remains for countries across the world to abide by their pledges to help save the planet, writes Sawsan Samy Elawady

Al-Ahram Weekly - COP27
11/22/2022 8:42:58 PM
African Development Bank President Akinwumi Adesina explains the importance of the UN COP27 Climate Conference for Africa and the continent’s urgent financing needs to Doaa A. Moneim

Business - Energy
11/22/2022 2:35:37 PM
Germany will have to take on more debt than expected in 2023 to combat an energy crisis that has left Europe's biggest economy facing "great economic uncertainty", Finance Minister Christian Lindner said Tuesday.

Business - Economy
11/21/2022 2:42:04 PM
The Central Bank of Egypt (CBE) issued on Monday a circular to banks operating in the Egyptian market announcing they will no longer manage low-interest rate initiatives issued by the bank across several sectors in the country, handing off the responsibility to the Ministry of Finance

Business - Economy
11/21/2022 1:03:00 PM
The Board of Directors of the European Investment Bank (EIB) has approved financing worth €10.9 billion to accelerate climate action and clean energy, business investment, health and sustainable transport investment across the world, including Africa, the bank announced Sunday.

Business - Economy
11/19/2022 5:17:28 PM
About 10,000 Egyptian expatriates registered over the past 48 hours on the Egyptians Expats Cars app, which will allow them to apply to import cars for personal use without paying customs, Egypt’s Minister of Finance Mohamed Maait said on Saturday.

Business - Economy
11/18/2022 10:04:23 PM
Egypt signed a number of partnership agreements and letters of intent (LOI) worth around EGP 10 billion with development partners last week for its NWFE and NWFE+ programmes designed to finance green and ecofriendly projects.

Al-Ahram Weekly - COP27
11/17/2022 3:41:00 PM
“Formulating an agenda that satisfies 197 parties was not an easy job but it was done. We have a good record in terms of items that have been included," Cecilia Kinuthia Njenga, director of the Intergovernmental Process and Collective Progress at UNFCCC, told Al-Ahram Weekly.

COP27 - Sharm El-Sheikh
11/16/2022 10:34:31 PM
Six weeks before taking power, Brazilian President-elect Luiz Inacio Lula da Silva on Wednesday told cheering crowds at the UN climate conference that he would crack down on illegal deforestation in the Amazon, reinitiate relationships with countries that finance forest protection efforts and push to host an upcoming world climate summit in the rainforest.

COP27 - Climate change
11/16/2022 9:31:45 PM
Protecting nature and preserving biodiversity requires scientific solutions and sufficient finance, UN Climate Change High Level Champion for Egypt and UN Special Envoy on Financing 2030 Sustainable Development Agenda Mahmoud Mohieldin.

Opinion - Opinion
11/16/2022 6:16:00 AM
Mahmoud Mohieldin calls upon international development funding institutions to finance climate action projects through long-term facilitated loans extended to all low and middle income countries without exception

COP27 - Focus
11/15/2022 11:17:21 PM
Under the Paris Agreement, which came into force in 2016, countries agreed to reduce their greenhouse gas emissions and work together to adapt to the effects of climate change. To act on this, and codify their individual commitments, each country submitted its so-called Nationally Determined Contribution.

COP27 - Sharm El-Sheikh
11/15/2022 4:22:14 PM
Monday’s Gender Day at this year’s UN Climate Change Conference (COP27) in Sharm El-Sheikh featured invaluable panels gathering women leaders, entrepreneurs and policy makers to address gender gaps and find the best solutions to mitigate the negative impacts of climate change on women.

COP27 - Sharm El-Sheikh
11/14/2022 5:24:12 PM
For the second year running, the United Nations Framework Convention on Climate Change launched the Climate Champions Youth Fellowship, selecting eight young professionals from a pool of over 1,000 applicants in different fields, such as finance, food and agriculture, communications, resilience, and transport.

Business - Markets & Companies
11/14/2022 4:49:46 PM
Egypt’s main index (EGX30) closed on Monday at the highest level in 32 months to surpass 12,000 points.

COP27 - Climate change
11/13/2022 3:23:11 PM
Environment Minister Yasmine Fouad said Sunday developing countries need between 140 and 300 billion dollars in climate finance until 2030, while double that sum – between 280 and 500 billion dollars, would be needed until 2050.

World - International
11/13/2022 11:51:25 AM
G20 health and finance ministers launched a $1.4-billion fund Sunday to tackle the next global pandemic ahead of the bloc's leaders gathering for a summit on the Indonesian resort island of Bali but the host's president said it was not enough.

COP27 - Climate change
11/11/2022 7:35:00 PM
The United States, Germany and Egypt joined forces to accelerate the Middle Eastern nation's green targets, declaring a faster expansion of renewable energy in the country.

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