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Al-Ahram Weekly - Economy
11/26/2022 12:24:00 PM
Industrial and building projects will receive a raft of financial incentives under a new set of legislative amendments.

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.

Business - Economy
11/23/2022 4:18:00 PM
Eefje Schmid, head of the Policy and Impact Unit at the European Investment Bank (EIB) Global's Strategy & Partnerships Department, has unveiled a 150-million-euro loan to be given to Egypt early 2023 to help it overcome the food problem.

Business - Energy
11/21/2022 5:03:23 PM
Egypt's green investments in the current fiscal year 2022/2023 constitute 40 percent of the country's total public investments with a value of EGP 410 billion, the cabinet said on Monday.

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.

COP27 - Climate change
11/17/2022 4:51:50 PM
Egypt’s Minister of Planning and Economic Development Hala El-Said launched on Thursday the Friends of Greening National Investment Plans for Africa and Developing Countries Initiative that capitalises on the success stories of partners in tackling the impacts of climate change.

COP27 - Focus
11/16/2022 10:34:02 PM
Renewable energy technologies such as solar photovoltaics and onshore wind power can help sub-Saharan Africa meet its energy requirements from sources that have lower emissions than fossil fuels.

Business - Markets & Companies
11/16/2022 10:23:23 PM
Hydrocarbon giant QatarEnergy and Chevron Phillips Chemical Company announced Wednesday that they have taken a final investment decision on an $8.5 billion polymers facility in Orange, Texas.

Business - Energy
11/16/2022 7:32:19 PM
The Sovereign Fund of Egypt (TSFE) has signed an MoU with Saudi Arabia’s utility developer ACWA Power to explore a joint investment in a $1.5 billion wind energy project with a capacity of 1.1 gigawatt (GW) in the Egyptian Gulf of Suez, a statement said on Tuesday.

Egypt - Politics
11/16/2022 2:12:18 PM
"The Senate will discuss a study on 'Foreign Direct Investments in Egypt: obstacles and incentives,'" said Senate Speaker Abdel-Wahab Abdel-Razek on Tuesday, adding that the study, prepared by the parliamentary majority party Mostaqbal Watan, will be discussed first by the Senate's Financial and Economic Affairs Committee, which in turn will prepare a report to be debated by the Senate in its meeting scheduled for 27 November.

COP27 - To Know
11/14/2022 1:31:07 PM
On the sidelines of the COP27, held in Sharm El-Sheikh, Emerging Market Climate Action Fund (EMCAF) announced on Monday a $25 million investment into Alcazar Energy Partners II, according to the European Investment Bank (EIB).

COP27 - Climate change
11/12/2022 5:03:28 PM
Mexico will strengthen its emissions-cutting efforts as part of a $48 billion renewable energy investment scheme with the United States, Mexican Foreign Minister Marcelo Ebrard announced Saturday at COP27.

COP27 - Climate change
11/11/2022 8:23:00 PM
Germany on Friday joined France and the Netherlands in pulling out of a 1994 energy treaty which critics say protects investments in fossil fuels.

World - International
11/11/2022 4:46:37 PM
President Joe Biden arrived Friday in Egypt for a global climate meeting with a giant domestic investment in tow, and he's likely to face questions about how far the U.S. will go to pull other large greenhouse gas emitters along.

Egypt - Climate change
11/11/2022 2:19:00 PM
Egypt's green economy transition file, NWFE, has won first place among North African and European countries for the Climate Investment Funds (CIF) initiative on nature and climate investments, Minister of International Cooperation Rania Al-Mashat announced Thursday.

Business - Economy
11/9/2022 6:08:51 PM
The Qatar Investment Authority (QIA), Qatar’s sovereign wealth fund, has deposit $1 billion into the Central Bank of Egypt, which paves the way for the authority to pump new investments into the Egyptian market, Bloomberg said on Wednesday.

COP27 - Climate change
11/9/2022 5:26:19 PM
Prime Minister Mostafa Madbouly and the Green Climate Fund (GCF) launched on Wednesday Egypt's Climate Investment Plan to accelerate the country's climate action through investment planning.

Business - Markets & Companies
11/9/2022 11:55:42 AM
Family Corp, a transportation company, and Softec, a software services provider, have launched MOVE service, a fully-fledged application for all mobility solutions in Egypt, with a plan to pump EGP 10 million in investments in the coming two years.

Al-Ahram Weekly - Egypt
11/8/2022 10:50:01 PM
The Central Bank of Egypt is gradually meeting demands by the country’s importers for more hard currency, reports Safeya Mounir

Egypt - Foreign Affairs
11/8/2022 5:49:32 PM
Egypt's President Abdel-Fattah El-Sisi on Tuesday discussed with German Chancellor Olaf Scholz ways to boost German investments in Egypt, especially in the fields of technology localisation, industry and energy like green hydrogen, the Egyptian presidency announced.

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