Day: October 15, 2024

Egypt and Djibouti signed a bilateral agreement and an executive contract on Tuesday for the construction of a 276.5 kilowatt solar power plant in Djibouti. The agreement, signed via video conference, marks a significant step in the ongoing collaboration between the two countries. The project, to be funded and implemented…

The Cairo-based Offshore Delivery Center (ODC) marks a key milestone between Advansys and UTEC and represents a pivotal step toward transforming the regional offshore services landscape. Advansys, a dynamic provider of global sustainable solutions, has completed the initial phase of UTEC’s new ODC in Cairo. The ODC unlocks critical offshore…

Manal Awad, Minister of Local Development, held a meeting on Tuesday to examine the ongoing preparations for the 12th World Urban Forum, scheduled for 4 to 8 November in Cairo. The meeting included Ibrahim Saber, Governor of Cairo; Khaled Seddik, Chairperson of the Urban Development Fund; and Rania Hedaya, Regional…

The Central Agency for Public Mobilization and Statistics issued the monthly bulletin of Foreign Trade Data for July 2024. Egypt’s trade deficit reached $4.60bn during July 2024, versus $3.89bn for the same month of the previous year, an increase of 18.3%. Egypt’s exports increased by 10.7 % as it reached…

Egypt’s Minister of Planning, Economic Development and International Cooperation, Rania A. Al-Mashat, launched a workshop to evaluate the mid-term progress of the joint country strategy for development cooperation between Egypt and the African Development Bank (AfDB) for the period 2022-2026. The workshop, held in Cairo, brought together representatives from various…

The Central Bank of Egypt (CBE) said that the Kingdom of Saudi Arabia ranked second among Egypt’s top trading partners until the end of the first quarter (Q1) of 2024, with trading worth $5.209bn, including $3.871bn imports and$1.338bn exports.   The Central Bank revealed, in a recent report, that Egypt’s…

Foreign Minister Badr Abdelatty announced on Monday, 14 October that Egypt has officially launched a Nile Basin investment fund to promote development through collaboration with other countries in the region. The fund’s primary goal is to support infrastructure and development projects across Nile Basin countries, including Uganda, Sudan, and others.…