Day: December 5, 2023

The first four days of COP28 have witnessed a remarkable outpouring of global solidarity and commitment to tackling climate change. Over $57bn in financial pledges have poured in, spanning across critical areas like climate finance, health, food, nature, and energy. This unprecedented financial firepower is coupled with eight groundbreaking declarations,…

Financing climate action is not a debt sentence, but an investment opportunity. This was the central message of Mahmoud Mohieldin, UN Climate Change High Level Champion for Egypt and Special Envoy on Financing the 2030 Agenda, during his active participation at COP28 in Dubai. Mohieldin emphasized the need for a…

Egypt’s green ambitions took a major leap forward with the signing of three key partnerships. Minister of International Cooperation Rania A. Al-Mashat oversaw the agreements, which will see the government collaborate with the Norwegian company SCATEC, the African Development Bank (AfDB), and the British International Investment (BII) on transformative projects.…

The Central Bank of Egypt (CBE) announced that it received 23 bids worth $1.09bn for a tender of local treasury bills denominated in US dollars. The CBE issued the tender on Monday for a value of $990m, with a maturity date of 3 December 2024. The tender was issued to…

President Abdel Fattah Al-Sisi on Monday opened the third international exhibition of defence and military industries “Egypt Defence Expo” (EDEX 2023), at the Egypt International Exhibition Centre, which will run from 4 to 7 December. Al-Sisi also inaugurated the Egyptian frigate “Al-Jabbar” via video conference, on the sidelines of the…

Under the patronage of Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, and in partnership with the Bill & Melinda Gates Foundation, the 2023 Reaching the Last Mile (RLM) Forum convened global frontline, governmental, and community leaders at COP28 Health Day. The Forum galvanized momentum and…

Telecom Egypt (TE) hosted the first edition of the world submarine cables forum in Egypt, the Middle East, and North Africa region, “Egypt SubOptic Symposium 2023”, in cooperation with the Arab Academy for Science, Technology and Maritime Transport, at the academy’s headquarters in the Smart Village. The forum aimed to…