Morocco-INVESTMENT-

Morocco beneficiary of new green financial program of EBRD & Green Climate Fund

Morocco has been selected among 13 beneficiary countries from a new green financial program worth $634 million provided by the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF). Under this program, Morocco, Egypt, Jordan, Armenia, Georgia, Kazakhstan, Kyrgyz Republic, Moldova, Mongolia, North Macedonia, Serbia, Tajikistan and Uzbekistan will benefit from […]

Egypt: Tourism Minister declares it is safe

Egypt is trying to lure tourists back into the country; a week after the clashes between supporters of the Muslim Brotherhood and the army left hundreds of people dead. Tourism Minister Hisham Zaazou said the situation is improving with time and gave assurances that there are no dangers in the main tourism areas. He urged […]

Egypt: BP to increase production by 100% with $12bn investment

Country Manager Hesham Mekawi of British Petroleum (BP) Egypt has stated that the company will invest more than $12 billion in the country before the end of 2020 to unlock the country’s oil and gas potential. He was speaking at an energy conference in Alexandria. Egypt has been undergoing gas shortages and the government was […]