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Business
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Energy
5/31/2023 2:47:21 PM
Mahmoud Mohieldin, UN climate change high level champion for Egypt and UN special envoy on Financing 2030 Sustainable Development Agenda, advocated for substantial efforts to reform the global financing system to fulfil the needs of developing countries in tackling climate change.
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Egypt
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Society
5/30/2023 10:35:34 PM
Hajj costs have skyrocketed by more than 85 percent in the past year. This enticed a number of Egyptian banks to offer loans to those seeking to perform the religious duty. Enter controversy.
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Al-Ahram Weekly
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Living
5/30/2023 7:45:38 PM
In a plan to start her own professional career and give a hand to her family financing her college study, one young woman has started selling desserts by bicycle.
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Business
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Energy
5/25/2023 4:51:07 PM
UN Climate change high-level champion for Egypt and UN Special Envoy on Financing the 2030 Sustainable Development Agenda Mahmoud Mohieldin said on Thursday that adherence to just transition standards is necessary for de-carbonization.
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Business
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Economy
5/25/2023 2:57:12 PM
Egypt's GDP growth is expected to increase to 4.8 percent in FY 2023/24, up from 4.4 percent in the current FY, according to the African Economic Outlook 2023.
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Business
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Economy
5/23/2023 11:10:00 PM
President Abdel-Fattah El-Sisi said Africa needs unconventional ideas and financing solutions to address pressing issues such as climate change and sustainable development.
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Business
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Economy
5/18/2023 9:18:51 PM
The second edition of the “Five Regional Roundtables” aims to secure financing for climate projects presented during the first edition, UN Climate Change High-Level Champion for Egypt and UN Special Envoy on Financing 2030 Sustainable Development Agenda Mahmoud Mohieldin stated on Wednesday.
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World
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Region
5/18/2023 7:04:18 PM
Conflict-plagued countries in the Middle East are among the most vulnerable to climate change but are almost entirely excluded from meaningful financing to mitigate its effects, aid groups warned Thursday.
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Business
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Economy
5/17/2023 7:54:47 PM
The European Investment Bank (EIB) and ALEXBANK, a subsidiary of Intesa Sanpaolo Group in Egypt, announced on Wednesday the release of a new tranche of $15 million for renewable and efficiency financing.
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Business
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Economy
5/17/2023 4:07:22 PM
The European Bank for Reconstruction and Development (EBRD), the EU and emerging-market asset manager ILX Management announced Wednesday a new partnership aiming to enhance private-sector finance in the EBRD’s regions, including the southern and eastern Mediterranean where Egypt is located.
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Business
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Economy
5/16/2023 7:05:34 PM
Egypt’s Financial Regulatory Authority (FRA) increased the maximum financing limit for microenterprises by 10 percent up from EGP 200,000 ($6,465) to EGP 220,000 (around $7,112), the authority announced on Monday.
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Business
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Economy
5/10/2023 7:10:47 PM
The World Bank (WB) is among the international partners that Egypt relies on to bridge its $17 billion financing gap through FY2025/26.
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Business
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Energy
5/1/2023 3:15:14 PM
Mahmoud Mohieldin, UN climate change high level champion for Egypt, affirmed the importance of effectively using carbon credits as a key source for climate and development finance.
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Business
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Economy
4/25/2023 3:44:17 PM
Saudi Arabia’s utility developer ACWA Power signed a $123 million financing agreement for the development of a 200 MW solar power plant in Aswan governorate, according to a press release on Tuesday.
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COP27
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Climate change
4/19/2023 12:35:00 AM
There is a need for mobilising different sources of finance and investment to implement climate and development activities in Africa and developing countries, the UN Climate Change High-Level Champion for Egypt and UN Special Envoy Mahmoud Mohieldin said during the Financing 2030 Sustainable Development Agenda.
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World
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Region
4/18/2023 10:55:51 PM
The UK government said Tuesday it had frozen the assets of a Lebanese businessman suspected of financing Hezbollah, while US authorities announced action against a network allegedly helping the man avoid sanctions.
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Business
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Economy
4/11/2023 7:47:35 PM
Deputy Director of the Research Department at the International Monetary Fund (IMF) Petya Koeva Brooks said on Tuesday that the fund downgraded the growth forecast for Egypt in 2023 due to the impact of high financing costs and the depreciation of the Egyptian pound.
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Business
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Energy
4/5/2023 12:00:00 AM
The Red Sea Wind Energy Consortium has signed a financial close agreement with a group of international banks for the second 500-megawatt Gulf of Suez Wind Farm near Ras Ghareb, with investments totaling $680 million, according to a Cabinet statement released on Wednesday.
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COP27
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Climate change
3/31/2023 9:57:52 PM
Dr Mahmoud Mohieldin, UN Climate Change High-Level Champion for Egypt and UN Special Envoy on Financing the 2030 Sustainable Development Agendaو emphasised the need to scale up public-private partnerships to bridge the financing gaps of development and climate action.
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Business
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Economy
3/30/2023 7:22:35 PM
UN Climate Change High-Level Champion for Egypt and UN Special Envoy on Financing the 2030 Sustainable Development Agenda, Dr Mahmoud Mohieldin, emphasised that climate progress hinges on addressing sustainable development challenges.
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