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Business - Energy
4/4/2024 2:28:18 PM
The European Bank for Reconstruction and Development (EBRD), in collaboration with Meridiam and Hassan Allam Utilities (HAU), the investment and development arm of Hassan Allam Holding, announced on Thursday raising capital in the new platform HAU Energy BV established to invest in renewable energy projects in Egypt and potentially in other African countries.

Business - Economy
3/27/2024 9:46:10 PM
Minister of Planning and Economic Development Hala El-Said said on Wednesday that priority in the FY 2024/2025 budget's development plan has been given to establishing and expanding water and food security projects.

Business - Economy
3/26/2024 6:57:56 PM
Hossam Heiba, executive director of the General Authority for Investment and Free Zones (GAFI), granted on Tuesday golden licenses to six companies implementing projects worth EGP 5.6 billion (just over $117 million), bringing the total number of projects receiving golden licenses to 29.

Business - Economy
2/21/2024 3:36:54 PM
Egypt's national project to provide employment opportunities for youth, Mashrouak (meaning "your project”), achieved its highest lending rate since its launch in 2015, reaching EGP 200 million across 852 projects in January 2024.

Al-Ahram Weekly - Opinion
2/20/2024 9:34:44 PM
Of all the political projects that emerged in the Levant after the fall of the Ottomans, the modern state of Lebanon was the most ambitious and most fraught, writes Tarek Osman

Business - Energy
2/19/2024 10:54:27 PM
Egypt's President Abdel-Fattah El-Sisi met on Monday with BP CEO Murray Auchincloss on the sidelines of EGYPS 2024, where he lauded BP’s outstanding activities, the size and scope of its growing investments in Egypt, as well as its exploration projects in the oil and gas sector.

World - War in Ukraine
2/19/2024 10:24:32 AM
Japan is hosting a conference for Japanese and Ukrainian officials to discuss the reconstruction of Ukraine just ahead of the second anniversary of Russia’s invasion, while the U.S. and other Western countries are still focusing on military aid for the battlefield. Hundreds of senior officials and executives are attending the Japan-Ukraine Conference for the Promotion of Economic Growth and Reconstruction in Tokyo. AP explains the event, its purpose, who's attending, and the projects being discussed.

Egypt - Foreign Affairs
2/15/2024 1:14:00 PM
Egypt's First Lady Entissar Amer and her Turkish counterpart Emine Erdoğan visited late Wednesday the main operations rooms of Haya Karima foundation and the Egyptian Red Crescent headquarter in Cairo, the Egyptian Presidency's Spokesperson Ahmed Fahmy said.

Egypt - Urban & Transport
2/8/2024 8:45:29 PM
Prime Minister Mostafa Madbouly announced on Thursday the formation of a legal and technical committee within the cabinet to evaluate investment proposals for projects expected to generate substantial foreign currency revenues ahead of proceeding with a much-anticipated Ras El-Hikma $22 billion tourism development project in the North Coast.

Al-Ahram Weekly - Egypt
1/30/2024 9:17:27 PM
On National Environment Day, collaboration between public and private sectors and NGOs was highlighted as key to implementing successful projects.

Business - Economy
1/25/2024 7:21:58 PM
Egypt dominated the European Bank for Reconstruction and Development’s (EBRD) investments in the Southern and Eastern Mediterranean last year as the lender committed €1.29 billion to 16 projects.

Business - Economy
1/23/2024 8:08:04 PM
Egypt's Suez Canal Economic Zone (SCZone) signed five framework agreements to launch projects worth approximately $250 million in total, according to a Cabinet statement on Tuesday.

Business - Economy
1/22/2024 3:41:12 PM
Schneider Electric is discussing with Khaled Fouda, the governor of South Sinai, about building a group of solar power projects in the Egyptian peninsula, according to a statement on Monday.

Al-Ahram Weekly - Egypt
1/16/2024 9:09:44 PM
Sixteen Egyptian projects were approved for Global Environment Facility funding to connect local challenges with global environmental concerns, reports Mahmoud Bakr

Business - Economy
1/15/2024 12:31:56 PM
Egypt has received requests worth over $6 billion from international and Gulf investors, expressing their interest in obtaining new licenses to invest in renewable energy projects, Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), said on Sunday.

Business - Energy
1/10/2024 2:03:53 PM
A consortium led by the Saudi-listed water desalination company ACWA Power signed on Wednesday a usufruct agreement to invest $1.5 billion in a 1.1 MW wind project in Egypt, according to a statement by the Egyptian cabinet.

Egypt - Society
1/4/2024 11:25:00 AM
Egypt's House of Representatives approved on Wednesday an amendment to the Desert Land Law, which grants foreigners the right to own lands for investment projects. The amendment grants Arab investors the right to own lands on an equal footing with Egyptians.

Egypt - Politics
1/2/2024 9:51:55 PM
Egypt’s House of Representatives approved on Tuesday a drafted law presented by the government offering a string of incentives to promote the production of green hydrogen projects.

Business - Economy
12/27/2023 6:04:01 PM
Beltone Financial Holding's subsidiary Cash for Microfinance signed an EGP 60 million agreement with the Dutch Challenge Fund for Youth Employment (CFYE), to support low-income entrepreneurs in Egypt, according to a company statement on Wednesday.

Business - Economy
12/26/2023 6:49:42 PM
Egypt is poised to begin the second stage of the Decent Life initiative, comprising a series of countryside-focused national infrastructure projects, in the coming fiscal year 2024/2025, Minister of Planning and Economic Development Hala El-Said said on Tuesday.

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