Egypt: Qatar accepts deposit conversion into bonds

The Governor of the Egyptian Central Bank, Hesham Ramez, confirmed that Qatar has agreed on the conversion of its $2 billion that it has deposited in the Central Bank during the era of President Morsi into bonds. The transactions are expected to take less than a week according to media reports. The Qatari government had […]

Egypt Gets $ 200 Million EBRD Loan for Power Plant Project

The European Bank for Reconstruction and Development (EBRD) has approved a US$ 200 million loan for the construction of a new 1.8 GW combined cycle gas-fired power plant in Damanhour, north west of Cairo. This loan will contribute to funding the US$ 1.3 billion total project cost, which is also being supported by the European […]

Moroccan scientists help detect record-energy Neutrino in Mediterranean

Moroccan scientists contributed to a major breakthrough in astrophysics when the international KM3NeT telescope detected a neutrino with an unprecedented energy level in the Mediterranean Sea two years ago. The discovery, published in the journal Nature, is a significant advancement in high-energy astrophysics. On February 13, 2023, a groundbreaking achievement in astrophysics was recorded with […]