EGYPT SIGNED US$15BILLION DEAL AT COP27 CLIMATE CONFERENCE

EGYPT SIGNED US$15BILLION DEAL AT COP27 CLIMATE CONFERENCE

Egypt has signed agreements to carry out projects at a value of around US$15 billion at the recent United Nations climate conference (COP27), said Environment Minister Yasmine Fouad.

Speaking to the DMC TV channel, she reiterated that the projects inked at COP27, whose activities lasted until Saturday in Sharm El

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EGYPT GOVT. AGREEDS TO LAUNCH EWIS WITH GREECE

EGYPT GOVT. AGREEDS TO LAUNCH EWIS WITH GREECE

Egypt has agreed to launch an electrical wiring interconnection system (EWIS) between Egypt and Europe via Greece with €3.56bn investment.

The project will export clean energy from Egypt to Europe via Greece, and Greece will use part of the energy, and export the bulk to European countries.

The project comes

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UAE AND EGYPT SIGN DEAL TO CONSTRUCT WORLD LARGEST WIND FARM

UAE AND EGYPT SIGN DEAL TO CONSTRUCT WORLD LARGEST WIND FARM

UAE and Egypt have agreed to jump in the race in building one of the world’s largest onshore wind farms in Egypt.

The project once completed will see Egypt have the world’s largest wind farm whereby overtaking the current one at Gansu, China.

The agreement was made in COP27 with

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HOW EGYPT PLANS TO BRIDGE ITs FINANCIAL GAPS

HOW EGYPT PLANS TO BRIDGE ITs FINANCIAL GAPS

The Central Bank of Egypt (CBE) decided to liberalize the exchange rate and raised the interest rate by 2% in an exceptional meeting of the Monetary Policy Committee (MPC).

Over the past two days, the prices of Egypt’s bonds offered in euros and dollars in foreign markets increased, and the

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EGYPT HEALTH MINISTRY SIGN DEAL TO PROMOTE HEALTH SECTOR

EGYPT HEALTH MINISTRY SIGN DEAL TO PROMOTE HEALTH SECTOR

Egypt’s Minister of Health and Population Khaled Abdel Ghaffar witnessed the signing of a cooperation protocol between the Higher Committee for Medical Specialties and the Arab Council for Health Specializations, within the framework of enhancing cooperation in the file of professional medical training.

The protocol was signed by Hossam Hosni,

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EGYPT GOVT. SET TO LAUNCH NEW TOURISM PROMOTION CAMPAIGN

EGYPT GOVT. SET TO LAUNCH NEW TOURISM PROMOTION CAMPAIGN

Amr El-Qadi, Executive Director of the Egyptian Tourism Promotion Board (ETPB), said that a new tourism promotion campaign will be launched next month, aiming to present Egypt as a vibrant destination with diverse tourism products.

He added that this campaign will target the main tourist export markets for Egypt and

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EGYPT PRESIDENT MEET WITH OFFICIALS TO ESTABLISHED UNIFIED NATIONAL NETWORK

EGYPT PRESIDENT MEET WITH OFFICIALS TO ESTABLISHED UNIFIED NATIONAL NETWORK

Egypt’s President Abdel Fattah Al-Sisi met with several officials of the Armed Forces to follow up on the executive position of establishing a unified national network for emergencies and public safety on Sunday.

The president was briefed on the developments in establishing the national network for emergency and public safety,

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EGYPT GOVT. DENIES SELLING EGYPTIAN PORTS TO FOREIGN PARTIES

EGYPT GOVT. DENIES SELLING EGYPTIAN PORTS TO FOREIGN PARTIES

The Cabinet Media Center has dismissed as groundless reports about selling Egyptian ports to foreign parties.

In a statement on Monday 26/9/2022, the media center said it contacted the Transport Ministry, which denied these reports, asserting that they are baseless and bare of truth.

The Transport Ministry stressed that ports

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EGYPT WATER MINISTER DISCUSS WATER PROJECTS WITH JICA

EGYPT WATER MINISTER DISCUSS WATER PROJECTS WITH JICA

Minister of Water Resources and Irrigation Hani Sweilam met with Japan’s Ambassador in Cairo Oka Hiroshi, along with representatives of the Japanese International Cooperation Agency (JICA), to discuss ways to enhance cooperation between the two countries in the field of water resources.

During the meeting, Sweilam pointed to the long

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EGYPT AND SUDAN MINSTERS DISCUSS ELECTRICAL INTERCONNECTION

EGYPT AND SUDAN MINSTERS DISCUSS ELECTRICAL INTERCONNECTION

Egyptian Ambassador in Khartoum Hossam Eissa and Sudanese Minister of Electricity and Energy Mohamed Abdullah met and reviewed underway efforts for electrical interconnection between both countries.

On 23 February 2022, the Egyptian Electricity Transmission Company, headed by Eng. Sabah Mashali began developing and raising the capacity of the first phase

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UC DEVELOPMENT SIGNED CONTRACT FOR NAC PROJECT IN EGYPT

UC DEVELOPMENT SIGNED CONTRACT FOR NAC PROJECT IN EGYPT

UC Developments signed several contracting, construction, management, and operation contracts for the company’s projects in the New Administrative Capital (NAC) on Saturday to begin developing its projects within the scheduled timetable set.

UC signed a contract for the construction of both Uni Tower 1 and Uni Tower 2 in the

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INERTIA LAUNCHES NEW PHASE OF JEFAIRA PROJECT IN EGYPT

INERTIA LAUNCHES NEW PHASE OF JEFAIRA PROJECT IN EGYPT

Inertia announced on Sunday the launch of a new phase named ‘Ayla’ in its Jefaira Project on the North Coast. The new phase spans over 353,000 sqm with total investments worth approximately EGP 3.8bn.

“In light of the state’s development of New Alamein and the North Coast, the entire region

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RENOVATION OF ROSETTA CITY HOUSING COSTING LE390M IN EGYPT

RENOVATION OF ROSETTA CITY HOUSING COSTING LE390M IN EGYPT

In a meeting with Prime Minister Mostafa Madbouli, Beheira Governor Hesham Amna stated that LE 390 million were spent on the renovation of Rosetta City housing one of the Nile River’s estuary and lying on the Mediterranean coast.

The governor pointed out that a new fishing port is being introduced

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EGYPT UNVIELED FIRST ELECTRONIC CAR

EGYPT UNVIELED FIRST ELECTRONIC CAR
Egypt’s Nabq Protected Area, located in South Sinai Governorate, had its new environmentally friendly transportation service through the project of electric cars and water bikes.
The project was implemented by youths to support new and non-traditional ways of tourism, with the participation of the local community and to preserve their
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EGYPT START CONCRETE CASTING WORK FOR DABAA NUCLEAR PLANT

EGYPT START CONCRETE CASTING WORK FOR DABAA NUCLEAR PLANT
Egypt celebrated Thursday the commencement of the first concrete casting work for the first nuclear unit of the Dabaa nuclear plant.
Minister of Electricity, Mohamed Shaker, said that Egypt has paid special attention to reviving the Egyptian nuclear project, as it is among the pioneering countries in realizing the importance
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US AND EGYPT DISCUSSED REGIONAL STABILITY ON GERD DAM

US AND EGYPT DISCUSSED REGIONAL STABILITY ON GERD DAM

Following a meeting over the weekend between President Joe Biden and his Egyptian counterpart Abdel Fattah Al Sisi in Jeddah in Jeddah, Saudi Arabia, the two leaders issued a joint statement in which the U.S. and Egypt discussed, among others, promoting “regional stability.”

One of the issues the two leaders

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CONSTRUCTION OF EIGHT NEW BUILDING AT EGYPT SPACE CITY UNDERWAY

CONSTRUCTION OF EIGHT NEW BUILDING AT EGYPT SPACE CITY UNDERWAY

Construction works are underway at eight out of a total of 23 buildings at the new Egyptian space city, stated Mohamed El-Qousy, CEO of the Egyptian Space Agency.

The space city is being inaugurated on an area of ​​123 acres and is planned to include 23 buildings, including the Egyptian

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EGYPT ENGINEERING INDUSTRY EXPORTS RECORDS US$1.5BN IN FIVE MONTH

EGYPT ENGINEERING INDUSTRY EXPORTS RECORDS US$1.5BN IN FIVE MONTH

Egypt’s engineering industry exports increased by about 31 percent to register $1.551 billion in the first five months of 2022, compared to $1.185 billion during the same period last year, according to the monthly report of the Engineering Export Council of Egypt (EECE).

The engineering industries’ exports increased by 25

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EGYPT INSTALL SOLAR-POWERED PUMPS AT 85 WATER WELLS

EGYPT INSTALL SOLAR-POWERED PUMPS AT 85 WATER WELLS

The Ministry of Irrigation and Water Resources announced that solar-powered pumps had been installed at 85 water wells at New Valley’s Kharga, Dakhla, and Farafra.

The press statement added that such pumps are planned to become generalized to rationalize the use of underground water and promote clean energy.

Egypt has

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ETHIOPIA TELL EU TO RECONSIDER ITS BIASE STANCE ON GERD PROJECT

ETHIOPIA TELL EU TO RECONSIDER ITS BIASE STANCE ON GERD PROJECT

The European Union should reconsider its biased stance on the Grand Ethiopian Renaissance Dam,” Ambassador Dina Mufti, the spokesperson of the Ethiopian Ministry of Foreign Affairs (MoFA), said at the Ministry’s biweekly presser to local media.

Recalling the recent joint statement between Egypt and the European Union regarding GERD, the

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