Egypt Archives - Page 2 of 10

GERD DAM: ETHIOPIA, EGYPT AND SUDAN BEGINS TALKS

Posted on August 28, 2023 by Gambeta News

Ethiopia, Egypt, and Sudan have resumed their negotiations over the filling of the Grand Ethiopian Renaissance Dam (GERD) today in Cairo. Ethiopia’s Ambassador to the US Seleshi Bekele, who is also the chief negotiator and advisor on transboundary rivers and GERD to the PM Office, is leading the Ethiopian negotiations team. “Necessary preparations have been made to conduct the negotiations in a way that respects Ethiopia’s benefits and future development rights,” the government communication said….

EGYPT GOVT. SAYS HIGH-SPEED ELECTRIC TRAIN PROJECT TO BE INAUGURATED IN 2024

Posted on August 16, 2023 by Gambeta News

Minister of Transport Kamel Al-Wazir said that the high-speed electric train project will be inaugurated by the end of 2024. The transport minister highlighted that the ministry supports all local companies to have a 100% local industrial component and expand at a later stage for export, explaining that after the arrival of the express train vehicles, no vehicle will be imported from abroad. Al Wazir said that the three main factors that the ministry identifies…

EGYPT GOVT. SET FOR US$1BILLION GREEN HYDROGEN INVESTMENT DEAL

Posted on August 4, 2023 by Gambeta News

Switzerland’s Smartenergy eyes Egypt for a green hydrogen investment opportunity worth USD 1 billion. The expansion would be the firm’s first outside Europe. The company is in the later stages of negotiations with the Egyptian government to build a green hydrogen plant. According to Smartenergy’s Chief Financial Officer René Cotting, the agreement between both parties will soon be ratified. However, he did not provide any additional information on the matter. Sources mentioned that the agreement was initially…

EGYPT CABINET ANNOUNCED PLANS TO IMPLEMENT LOAD SHEDDING PROGRAM

Posted on August 1, 2023 by Gambeta News

Egypt’s Cabinet announced the schedule for power cuts in the different governorates as the country has been implementing a load-shedding program since mid-July. In the schedules, the Cabinet has determined the areas that will see power cuts each hour in the different districts across each governorate. This seemingly cancels a previous decision by the Cabinet to implement one-hour power cuts starting during the 10 minutes before and after the top of the hour. The government…

EGYPT GOVT. MAKING PLANS TO REACH 60% DEPENDENCE ON RENEWABLE ENERGY BY 2040

Posted on July 5, 2023 by Gambeta News

Egyptian Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, confirmed that Egypt aims to reach 60 percent of dependence on renewable energy by 2040. Shaker explained that the Egyptian strategy was aimed at reaching 42% of the energy mix coming from renewable energy by the year 2030, but this strategy is currently being updated, based on the existing data and the availability of wind and solar energy resources and their low prices. He further added that…

ETHIOPIAN ADD CAIRO TO IT’s AIR CARGO NETWORK

Posted on June 28, 2023 by Gambeta News

Ethiopian Cargo and Logistics, one of the business units within the Ethiopian Airlines Group, says it will begin freighter operations to Egypt’s capital Cairo starting next week. The operations would take the number of Ethiopian Cargo and Logistics destinations in Africa near to 24. “Cairo to become 34th African freighter destination for Ethiopian Airlines as it starts weekly freighter flights as of July 4, 2023,” Ethiopian announced The airline currently covers more than 130 international…

EGYPT DIGITAL SERVICE PLATFORM TO GET BOOST AFTER DEAL WAS SIGNED

Posted on June 21, 2023 by Gambeta News

Micro, Small, and Medium Enterprises Development Agency (MSMEDA) signed an agreement on Sunday with eAswaaq to manage, operate, and market Egypt’s online services platform for SMEs. The service platform will incorporate all authorities offering financial and technical assistance to SMEs including banks, non-profit organizations, and government bodies. The platform is set to be officially launched within the next 3 months. The platform showcases and enables youth and entrepreneurs to stay updated with everything new regarding…

EGYPT SET TO BECOME FIRST SUSTAINABLE AVIATION FUEL PRODUCER

Posted on June 16, 2023 by Gambeta News

If Egypt becomes a Sustainable Aviation Fuel (SAF) producer, it can tap into a hungry and eager market, potentially becoming an export earner, Minister Counsellor of Commercial Affairs Keith Kirkham highlighted the attractiveness of being a first mover in a market where demand exceeds supply. “Those who are first movers… will find themselves facing a very willing market, a very exciting market,” Kirkham stated. Moreover, SAF production in Egypt will contribute to environmental benefits such…

WHAT HAPPENED AT EGYPT 8TH BUILDERS FORUM

Posted on May 29, 2023 by Gambeta News

Egypt’s Prime Minister Dr. Mostafa Madbouly inaugurated, on Sunday morning 28-5-2023, the eighth edition of Builders of Egypt Forum, “the largest event in the construction and building sector”, under the theme “Egypt’s Propitious Momentum towards Construction Sector Exportation Regionally”, with the participation of Arab and African delegations in collaboration with the Saudi Contractors Authority. This edition is co-organized by The African Federation of Construction Contractors Associations “AFCCA”, With the participation of The Saudi Contractors Authority…

HOW EGYPT BUILDING MATERIAL EXPORTS INCREASED BY 7.1%

Posted on May 8, 2023 by Gambeta News

Exports of the building materials industry reached nearly $6.9 billion in 2022, up from $6.5 billion in 2021, Ahmed Samir, Minister of Trade and Industry, said on the sidelines of the Egypt Projects and Windorex exhibition. The exhibition is being held at the Egypt International Exhibition Center from May 6th to 8th. Egypt’s exports of building materials increased 7.1 percent year on year (YoY) in 2022, the trade minister highlighted. Egypt’s real estate and hospitality…

EGYPT SIGN MoU WITH GLOBAL FIRM TO ENHANCE CLIMATE INVESTMENT

Posted on April 17, 2023 by Gambeta News

The General Authority for Investment and Free Zones (GAFI) signed Saturday an MoU with Talal Abu-Ghazaleh Global for Professional Services (TAG Global) to cooperate on developing the mechanism of founding regional bureaus in Egypt, investment promotion, enhancement of the investment climate, including the drafting of legal amendments, and digital transformation. GAFI Chairman Hossam Heiba noted in the signing ceremony that the protection of the intellectual property is essential for investments the government wanted to…

EGYPT GOVT. ANNOUNCED WIND FARM PROJECT WORTH US$680M

Posted on April 10, 2023 by Gambeta News

The Egyptian Cabinet announced that the Red Sea Wind Energy Consortium signed a financial closing agreement worth $680 million for a project to establish a wind farm in the Gulf of Suez with a capacity of 500 megawatts. The cabinet added in a statement that the agreement was signed by representatives of the Red Sea Wind Energy Company and financing entities, the Japan Cooperation Bank, and the European Bank for Reconstruction and Development (EBRD). The…

PRESIDENT SISI INAUGURATE WASTEWATER TREATMENT PLANT IN EGYPT

Posted on April 4, 2023 by Gambeta News

President Abdul Fattah El-Sisi has inaugurated the first phase of the wastewater treatment plant in New Minya. The new sewage treatment plant in New Minya City operates with a capacity of 20,000 cubic meters/day (the first phase). The sewage will be treated with dual and tertiary treatment, to be used in irrigating the city’s tree forests and green area. The project includes the following: The wastewater treatment station consists of inlet and filters, primary sedimentation…

EGYPT PRESIDENT BRIEF ON CURRENT PROJECT DEVELOPMENT BY OFFICIALS

Posted on March 30, 2023 by Gambeta News

President Abdel Fattah Al-Sisi held on Tuesday two meetings to follow up on current and future projects to develop Egypt’s sea, dry and land ports. The first meeting was attended by Prime Minister Mostafa Madbouly, Minister of Finance Mohamed Maait, Minister of Transportation Kamel Al-Wazir, Minister of Trade and Industry Engineer Ahmed Samir, and President of the Armed Forces Engineering Authority Ahmed Al-Azazi. President Al-Sisi was briefed on the development of the Salloum land port,…

HOW EU €550M GRANT HAS HELP EGYPT WATER DIFFICULT FOR 15YEARS

Posted on March 21, 2023 by Gambeta News

Head of the European Union Delegation to Egypt, Ambassador Christian Berger, has said that the EU co-funded existing programs that cover 16 governorates in Egypt, providing jobs, mainly in rural areas. This shall help improve the quality of life for nearly 20 million people in Egypt. Berger’s remarks came on the sidelines of the celebration of World Water Day 2023. The European Union and the Ministry of Water Resources and Irrigation marked World Water Day…

EGYPT GOVT. DISCUSS ENVIRONMENTAL INVESTMENT PROJECTS WITH MSMEDA

Posted on March 13, 2023 by Gambeta News

Egypt’s Minister of Environment Yasmine Fouad has met with the CEO of the Small, Medium, and Micro Enterprises Development Agency (MSMEDA) Basil Rahmi to discuss issues related to financing environmental investment projects. The Ministry of Environment has established a unit for environmental and climate investment that undertakes the task of facilitating the procedures for obtaining environmental approvals, instead of waiting for the investor for nearly 60 days to obtain environmental approval, as approvals now take…

HOW EGYPT SUCCED TO IMPLEMENT STRATEGIC PLAN ON TRANSPORT SECTOR

Posted on February 3, 2023 by Gambeta News

Minister of Transport Kamel El Wazir asserted that Egypt’s success in implementing strategic projects and its great achievements in the various transport sectors over the past phase amounted to EGP 2 trillions from June, 2014, till June 2024, in addition to establishing the new Suez Canal to allow ships’ transit in both ways and decrease the passage time to 11 hours only. Addressing the 2nd Dakar Financing Summit for Africa’s Infrastructure Development (DFS-2) on Thursday…

SUDAN TO SUPPORT ETHIOPIA IN GERD DAM CONSTRUCTION ISSUES

Posted on January 30, 2023 by Gambeta News

Sudan has now returned to its prior position, expressing its full support for the Grand Ethiopian Renaissance Dam. It’s a dramatic shift from when Sudan sided with Egypt to oppose the dam’s construction. The announcement was made when Prime Minister Abiy Ahmed (PhD) went to Sudan, where he was welcomed by Abdel Fattah al-Burhan, Chairman of the Transitional Sovereignty Council of the Republic of the Sudan. Abiy’s visit is the first since the Sudanese military…

EGYPT AND SUDAN DISCUSS BILATERAL WATER COOPERATION

Posted on January 23, 2023January 24, 2023 by Gambeta News

Egypt’s Minister of Water Resources and Irrigation Hani Sweilam arrived in Sudan on Saturday on an official two-day visit to discuss bilateral relations with his Sudanese counterpart Daw Al-Bayt Abdel Rahman. It’s Sweilam’s first visit to Sudan since he assumed his position in August 2022. Sweilam stressed the strength and depth of the eternal, historical and fraternal relations that bind the two brotherly countries, referring to the long and joint history of cooperation between the…

EGYPT HEALTH MINISTER ANNOUNCED DEVELOPMENT OF NATIONWIDE HEALTH SYSTEM

Posted on January 19, 2023 by Gambeta News

Egypt’s Minister of Health and Population Khaled Abdel Ghaffar directed the intensification of follow-up and evaluation work for plans to develop the health system nationwide. This came during the weekly meeting of the ministry’s leaders, heads of sectors and agencies, and with the participation of all the ministry’s undersecretaries in the governorates via videoconferencing, to follow up on the progress of work and to identify challenges and obstacles to overcome them, to ensure the continuation…

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