Egypt targets over 42% renewable energy by 2030 in strategy update
Egypt aims to increase the share of renewable energy in its energy mix to over 42% by 2030, with a further goal of reaching 60% by 2040, according to recent updates to the country’s energy strategy, Electricity Minister Mahmoud Essmat
Al-Mashat meets Alstom VP to discuss boosting French company’s Egypt investments
Egyptian Minister of Planning and International Cooperation Rania Al-Mashat has met with a senior executive from French multinational Alstom to discuss strengthening cooperation, increasing the company’s investments in Egypt, and advancing efforts to localise industry. The meeting with Philippe Delleur,
Egypt, EU discuss CBAM impact, green transition cooperation
Egyptian Minister of Planning Rania Al-Mashat has met with the European Union’s Commissioner for Environment, Water Resilience, and competitive Circular Economy, Jessika Roswall, to discuss the implementation of the EU’s Carbon Border Adjustment Mechanism (CBAM). The meeting, held during the
Global rating agencies begin upgrading Egypt’s economic outlook: Finance Minister
Egypt’s Minister of Finance, Ahmed Kouchouk, announced that Standard & Poor’s (S&P) has upgraded Egypt’s credit rating from “B–” to “B” for the first time in seven years, maintaining a stable outlook. The move, along with Fitch Ratings’ decision to
Egypt’s Health Minister showcases Women’s Health Initiative at Berlin Innovation Forum
Egypt’s Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, participated in the Innovation and Equity in Women’s Health Forum, held alongside the World Health Summit and the German Medical Industry Association Conference in Berlin from 12 to 14
Al Arabia Co. for Aluminum targets over 10,000 tonnes in annual exports
Al Arabia Company for Manufacturing and Painting Aluminum has announced a new strategy aimed at increasing its annual exports to more than 10,000 tonnes. The move follows the company’s successful restructuring and transformation into an integrated industrial complex, equipped with
PM Madbouly inspects key development, service projects in Qalyubeya
Prime Minister Mostafa Madbouly conducted a field tour in Qalyubeya on Saturday to inspect a series of ongoing development and service projects across multiple sectors, including housing, education, health, and industry. Madbouly said this visit, his second to the governorate
CBE launches Banking Reform, Development Fund
As part of its ongoing efforts to advance Egypt’s banking sector in line with international best practices, the Central Bank of Egypt (CBE) has announced the launch of the Banking Reform and Development Fund, along with the formation of its
saib participates in EGP 2.1bn syndicated loan for Tameer Developments’ Azad Views project
Saib Bank has joined a consortium of banks to arrange and underwrite a syndicated loan worth EGP 2.1bn for Tameer Real Estate Developments, aimed at financing part of the investment cost for the second and third phases of the company’s
Egypt’s PM, Kenya president discuss cooperation on sidelines of COMESA summit
Egyptian Prime Minister Mostafa Madbouly met with Kenya President William Ruto on Thursday to discuss bilateral cooperation, on the sidelines of the 24th Summit of the Common Market for Eastern and Southern Africa (COMESA) in Nairobi. Madbouly, who was attending