First Independent Mena Newspaper
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 […]
The International Monetary Fund (IMF) said on Thursday it had agreed a $3 billion Extended Fund Facility (EFF) over 46 months with Egypt, Reuters reports. The deal is part of a four-year international financing program worth a total of $9 billion which also includes $1 billion from the IMF’s Resilience and Sustainability Trust (RST) and […]
Egypt has increased the minimum wage in the public sector from 2,000 Egyptian pound ($101.3) to 3,000 in a move to help workers surf the increase in the cost of living, reports say. Prime Minister Mostafa Madbouly who announced the decision said the government will pay an exceptional bonus of EGP 300 for employees in […]
A delegation of the International Monetary Fund (IMF) will visit Egypt in the first week of November to resume talks over a new loan agreement. Egypt and the Washington-based institution began talks for a new loan for the Middle East country in March. The Arab country has turned to the IFM for a new loan […]