Day: March 11, 2025

Brazil has received approval for a $247m investment plan aimed at promoting reforestation and increasing the use of nature-based solutions in the Amazon and Cerrado regions. The plan, approved by the Climate Investment Funds (CIF), will finance restoration projects and support sustainable development. The announcement was made on the official…

Once a modest player in the global market, Egypt’s chemical industry has rapidly grown, significantly contributing to the country’s gross domestic product (GDP), and driving economic growth to the country.  The petrochemical sector accounts for about 3 percent of Egypt’s GDP and 12 percent of its industrial output, with an…

Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty stressed that Egypt is moving steadily towards upgrading its economic performance, thus boosting the national economy’s competitiveness. This also contributes to empowering the private sector, rallying up more foreign direct investments and opening new markets for Egyptian exports, according to…

Egyptian Finance Minister Ahmed Kouchouk announced on Monday that the International Monetary Fund (IMF) has approved the disbursement of the fourth tranche to Egypt, estimated at US$ 1.2 billion. He also praised the decline in inflation, as announced by the Central Bank of Egypt, which closed a loop of past…