Day: December 6, 2023

November has been a month brimming with significant developments in Egypt’s IT and tech startup ecosystems. The sector has continued to draw investments, accolades, and international attention. The Information Technology Industry Development Agency (ITIDA) is working tirelessly with stakeholders to fulfill the Digital Egypt Strategy for Offshoring 2022 – 2026,…

Egypt’s Minister of Environment, Yasmine Fouad, held a meeting in a bid to revamp investments in waste-to-energy (WtE) on Tuesday. Convening representatives from the Ministries of Petroleum and Mineral Resources, and Electricity and Renewable Energy, the minister spearheaded discussions on expediting this critical sector. The meeting centered around amending key…

Sherif Farouk, Chairperson of Egypt Post, announced on Tuesday that the Authority’s Board of Directors ratified the budget for the fiscal year 2022/23, showcasing a remarkable net surplus of EGP 4.4bn. Under Farouk’s leadership, Egypt Post has achieved significant milestones in the past three years. The Authority has embraced financial…

Egypt’s Minister of Finance Mohamed Maait has announced a series of climate-friendly measures aimed at fostering a green economy. These include tax exemptions of 33% to 55% for income from green hydrogen projects initiated within the next five years. Additionally, production equipment, machinery, and raw materials for these projects will…

A powerful alliance of African climate activists and renewable energy leaders launched a fiery assault on fossil fuels at COP28 on Tuesday, urging African leaders to reject new dirty energy investments and embrace a green future. “The climate crisis is already ravaging communities across Africa, especially on the frontlines,” declared…

High-level climate champion Mahmoud Mohieldin took center stage at COP28 in Dubai, urging for a swift and equitable scaling-up of climate finance in Africa.  Moderating the session “Africa’s Sustainable Future: Mobilizing Climate Finance at Scale,” Mohieldin emphasized the critical need to bridge the gap between climate and development funding.  He…

Egypt’s Planning Minister, Hala El-Said, met with the Global Green Growth Institute (GGGI) Director-General to discuss Egypt’s green economy transition and enhance cooperation. The meeting took place during COP28 in Dubai, where El-Said highlighted key challenges and Egypt’s ongoing efforts. Water worries: El-Said emphasized Egypt’s top priority: water security. She…

Egypt’s Minister of Petroleum and Mineral Resources Tarek El Molla has emphasised the critical role of methane emission reduction in combating global warming. He announced that Egypt is part of the World Bank’s initiative to eliminate routine flaring by 2030. During the COP28 climate summit in Dubai, El Molla participated…

Under the visionary leadership of acclaimed producer Hisham Abdel Khalek, Scene Cinemas proudly presents a revolutionary upgrade to its multiplex – IMAX with Laser. This cutting-edge upgrade, featuring a next-generation laser projection and multi-channel sound system exclusively for IMAX theaters, promises an unmatched cinematic journey. IMAX with Laser has a…

Egypt’s famed military-owned ChillOut fuel station franchise will be privatised through an initial public offering (IPO), announced Minister of Planning and Economic Development Hala El-Said on 3 December. The announcement, made during an interview with Asharq Business on the sidelines of COP28, marks a significant step in the country’s ongoing…