Dubai-based renewable-energy company, AMEA Power, plans to build a green hydrogen facility in the Kenyan port of Mombasa in what would be a first for the East African country.
"Let's start with one gigawatt and see how the world is going before I (...)
Egypt's government is monitoring the availability of basic commodities in the markets and providing them at reasonable prices, as the Russian-Ukrainian crisis continues to have its repercussions.
This was stated by Prime Minister Mostafa Madbouly on (...)
Egypt's government is monitoring the availability of basic commodities in the markets and providing them at reasonable prices, as the Russian-Ukrainian crisis continues to have its repercussions.
This was stated by Prime Minister Mostafa Madbouly on (...)
Banque Misr reported a net profit of EGP 25bn for 2022, after paying EGP 15.9bn in taxes. The bank's profit before tax was EGP 40.8bn, up from EGP 28.6bn in 2021.
The bank's total assets grew by 37.5% to reach EGP 2.2trn, driven by a 41.7% increase (...)
Banque Misr reported a net profit of EGP 25bn for 2022, after paying EGP 15.9bn in taxes. The bank's profit before tax was EGP 40.8bn, up from EGP 28.6bn in 2021.
The bank's total assets grew by 37.5% to reach EGP 2.2trn, driven by a 41.7% increase (...)
Egypt's second largest public bank, Banque Misr announced on Tuesday plans to transform its representative office in Kenya into branch operations within three years.
The Egyptian lender aims to expand its presence in East Africa by launching a (...)
The African Export-Import Bank (Afreximbank) announced on Monday the $120-million financing facility to Djibouti's Great Horn Investment Holding (GHIH) to execute projects in Damerjog Industrial Development Free Trade Zone.
The deal is targeted at (...)
The World Bank (WB) has signed a financing agreement with Ethiopia of a total $400 million to boost human capital development in the East African nation, the Ministry of Finance disclosed on Wednesday.
The deal also targets "strengthening service (...)
Transmar, a leading regional container shipping line, has announced the launch of a new service that connects Egyptian exporters out of Al Adabiya Port, Egypt with the ports of Aden and Hodeida in Yemen.
This service is dedicated to the (...)
Transmar, a leading regional container shipping line, has announced the launch of a new service that connects Egyptian exporters out of Al Adabiya Port, Egypt with the ports of Aden and Hodeida in Yemen.
This service is dedicated to the (...)
Clashes between the Sudanese army and the Rapid Support Forces (RSF) continued on Tuesday, with new aerial bombardment hitting the areas of Abu Adam and Jubarah in southern Khartoum.
Meanwhile, the Sudanese army has sent in reinforcements to comb (...)
The Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that the value of trade exchange between Egypt and the COMESA countries increased to $5.3bn in 2022, compared to $4.4b in 2021, an increase of 20.4%.
The agency (...)
The Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that the value of trade exchange between Egypt and the COMESA countries increased to $5.3bn in 2022, compared to $4.4b in 2021, an increase of 20.4%.
The agency (...)
The Arab League will hold on Sunday two extraordinary meetings at the level of foreign ministers in Cairo to discuss the war in Sudan and the issue of Syria's return to the league. The first session will be devoted to discussing the developments of (...)
The Arab League will hold on Sunday two extraordinary meetings at the level of foreign ministers in Cairo to discuss the war in Sudan and the issue of Syria's return to the league. The first session will be devoted to discussing the developments of (...)
The South Helwan Power Station project won the Abdul Latif Youssef Al-Hamad Development Award in the Arab region during the 2023 joint annual meetings of Arab financial institutions held in Rabat, Morocco. This was presented by the Arab Fund for (...)
The South Helwan Power Station project won the Abdul Latif Youssef Al-Hamad Development Award in the Arab region during the 2023 joint annual meetings of Arab financial institutions held in Rabat, Morocco. This was presented by the Arab Fund for (...)
The World Bank Group approved a new Country Partnership Framework (CPF) for Egypt for FY2023–2027, providing the country with $7bn in lending, according to a press release on Wednesday.
The CPF will be implemented jointly by the World Bank, the (...)
The World Bank Group approved a new Country Partnership Framework (CPF) for Egypt for FY2023–2027, providing the country with $7bn in lending, according to a press release on Wednesday.
The CPF will be implemented jointly by the World Bank, the (...)
The World Bank announced a $9.13m grant from the Global Environment Facility (GEF) to expand the scope of the Greater Cairo Air Pollution Management and Climate Change Project. This grant will reinforce the environmental benefits of the original (...)
The World Bank announced a $9.13m grant from the Global Environment Facility (GEF) to expand the scope of the Greater Cairo Air Pollution Management and Climate Change Project. This grant will reinforce the environmental benefits of the original (...)
World Bank has secured a $9.13 million grant from the Global Environment Facility (GEF) to expand the scope of the Greater Cairo Air Pollution Management and Climate Change Project, according to its statement on Wednesday.
The grant would enhance (...)
The Egyptian General Company for Tourism and Hotels (EGOTH), affiliated to the Ministry of Public Enterprises Sector, had contracted with Al-Sharif to develop, finance, operate, and manage the hotel according to international standards.
The contract (...)
The Egyptian General Company for Tourism and Hotels (EGOTH), affiliated to the Ministry of Public Enterprises Sector, had contracted with Al-Sharif to develop, finance, operate, and manage the hotel according to international standards.
The contract (...)
The World Bank announced on Friday that it is releasing $500m in financing to expand and strengthen Egypt's flagship Social Safety Net programme, also known as Takaful and Karama.
The new financing marks a third phase of collaboration between the (...)
