First Independent Mena Newspaper
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Egyptian Ministry of Electricity is in talks with six Saudi companies to implement renewable energy and green hydrogen generation projects. Egyptian Minister of Electricity Mohamed shaker is currently in Saudi Arabia for talks with six Saudi firms including ACWA Power, Alfanar, and Fas Holding. The official will be also meeting with Saudi financing entities to […]
The International Monetary Fund, IMF, announced November 1 the re-election of Egypt’s ex-Minister of Investment, Mahmoud Mohieldine, as executive director and member of the board. Mohieldin represents a group of Arab states, namely Egypt, the UAE, Bahrain, Kuwait, Oman, Qatar, Jordan, Iraq, Lebanon, and Yemen, along with the Maldives. Following his re-election Mohieldin stressed that […]
Egypt has announced granting ‘golden licenses’ to investor applicants in the north African country for a period of three months, in a bid to speed up projects and boost investment, reports say. The license will allow investors to buy or rent lands, operate and manage the projects and allocate the necessary facilities with just a […]