Business Egypt Finance Headlines

Egypt applies to join Shanghai-based New Development Bank

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 […]

Egypt Headlines Morocco

Morocco, Egypt to upgrade cooperation in environment, sustainable development

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 […]

Africa Headlines International

On COP-27 sidelines, Kenya-UK ink green investment program deal

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 […]

Business Finance

Qatar deposits $1bn in Egypt’s Central Bank

The Qatar Investment Authority (QIA) deposited $1 billion at the Central Bank of Egypt (CBE) at the time the Gulf country was close to a deal to acquire a government stake in some of the major companies in the North African country, Asharq Business reports, citing informed sources. The funds, the sources told the media, […]

Blogs Community

Gabon, South Korea mull cooperation in forest, carbon credit management

Gabon President Ali Bongo Ondimba held talks Monday on the sidelines of the COP27 in Egypt, with Korea’s Special Envoy for Climate Hon Na Kyung-Won on the possibility of both countries cooperating in forest and carbon credit management, Gabo Review reports. The Gabon leader and Kyung-Won also addressed Korea’s various investment opportunities in infrastructure, among […]

Business Europe Headlines International Morocco

COP-27: Switzerland pledges to cut its CO2 emissions in Morocco

Morocco and Switzerland have signed an agreement on environment protection on the sidelines of the COP-27 climate summit currently held in Sharm El Sheikh, Egypt. The agreement was inked Monday by Swiss President Ignazio Cassis and Moroccan minister of energy transition and sustainable development Leila Benali. Under this agreement, Switzerland pledges to reduce its CO2 […]

Energy Europe Headlines International

Belgian consortium to build center for green hydrogen production & storage in Egypt

A consortium of Belgian companies revealed Monday on the sideline of the ongoing COP27 plans to set up a center for the production and storage of green hydrogen in Egypt, meant for export to Europe. The Belgian Alliance for Companies, made of DEME Group, Fluxys, and Antwerp Port met with Egyptian Prime Minister Mustafa Madbouli […]

Features Headlines Morocco

COP-27: Prince Moulay Rachid Represents Morocco’s King at Climate Summit

Morocco’s Prince Moulay Rachid is representing King Mohammed VI at COP-27 Climate summit which opened Monday in Sharm El Sheikh, Egypt, to discuss global efforts to reduce CO2 emissions and speed up transition from fossil fuels to green economy. On his arrival at the International Conference Centre, Prince Moulay Rachid was greeted on a red […]

Community Egypt

Egypt’s top diplomat elected President of COP27

Sameh Shoukry, Egypt’s Foreign Minister, was elected President of the 27th edition of the United Nations Climate Change Conference (COP27) which kicked off in the Red Sea city of Sharm El Sheikh. Shoukry said in a speech that Egypt will not spare any effort to achieve the goals of the conference and will work to […]

Culture Lifestyle

Pre-COP27 warning: Africa’s great migration at stake due to climate change

Changing weather patterns are wreaking havoc on East Africa’s wildlife and placing the region’s people at greater risk too. As the planet warms, the natural wonder and one of the greatest spectacles of animal migration on earth — hundreds of thousands of wild animals making their annual trek from Tanzania’s Serengeti National Park into the […]