First Independent Mena Newspaper
The official importer and distributor of BMW in Egypt, Global Auto Group, has announced plans to inject $100 million meant to develop its services and expand its footprints in the Arab country. Fahad Al-Ghanem, Chairman of the group, made the announcement to Asharq Business, Arab Business reports. Al-Ghanem also revealed that the company will resume […]
The Egyptian army announced Sunday that a fighter jet crashed during training on Sunday because of a technical error. Army spokesman Gharib Abdel Hafez said the pilot and mate survived the crash. The official did not provide more details on the type of aircraft. The Egyptian army lost several aircraft in similar incidents in the […]
Egypt has ordered 11 Israeli pilots who landed without visa to leave its territory, for national security consideration. The pilots, who arrived in light aircraft, had received a landing permit but were denied entry and told to go back to Israel “for national security reasons,” as they did not have valid entry visas, according to […]
The Egyptian Cabinet approved on Wednesday a draft law criminalizing the circulation of false weather forecast. The draft law imposes fines ranging from EGP 100,000 ($4,000) to EGP 5 million on providing meteorological services without a license or posting false information about weather conditions through different channels, including social media, Ahram online reports. The statement […]
The Egyptian government launched a fund for investment in projects issuing carbon certificates with an authorized capital of EGP 1 billion ($40.7 million). The fund, dubbed EgyCOP, will finance Egyptian companies’ projects that reduce carbon emissions through the issuance of globally-accredited certificates from Switzerland’s The Gold Standards Foundation, the Arab country said in a statement. […]
Warning the continent has 600-million people in energy poverty, the right of African countries to use their natural gas reserves should be reflected in any deal at the COP27 climate talks, African Development Bank (AfDB) President Akinwumi Adesina said, even as some nations push to see use of the fuel curtailed. Agreeing to a deal […]
Launched in 2019 by the African Development Bank Group (AfDB) and its partners, the Desert to Power initiative to increase solar generation capacity to provide 250 million people with electricity access across Africa’s Sahel region for socio-economic development continues to attract financial support from around the world. The Desert to Power initiative is designed to […]
Egypt has reached a deal with Shanghai-headquartered New Development Bank (NDB) to join the financial institution whose strategy the Arab country says is in line with its vision. Minister of Finance Mohamed Maait according to the statement from his department held talks with NDB’s Chairman Marcos Troyjo on the sidelines of COP27. Both parties, the […]
Morocco and Egypt have signed an agreement seeking to upgrade their cooperation in matters of environment and sustainable development. The agreement, signed in Sharm el-Sheikh, on the sidelines of the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27), takes into consideration recent developments in this field at the […]
A new multipurpose dam that will be built in Kitui and Tharaka Nithi counties in Kenya will cost about $3,5 billion following a deal signed by the country’s President William Ruto and British Prime Minister Rishi Sunak on Monday (7 November). The green investment programs — in energy, agriculture and transport — will become flagship […]