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EBRD backs Egypt's first solar, battery storage project
Date: 2025-05-12 13:52:29 GMT - United Kingdom - Economy - SN:29 - ID:11175491
LONDON, May 12 (MENA) - The European Bank for Reconstruction and Development (EBRD) is supporting Egypt's renewable-energy sector by providing a USD 30 million equity bridge loan to Obelisk Solar Power, a special purpose vehicle owned by Scatec ASA, ....
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OPEN// Gov.: Preparations ongoing for implementing Real Estate National ID Bill once president signs it into law
Date: 2025-05-12 13:51:07 GMT - Egypt - Economy - SN:28 - ID:11175198
CAIRO, May 12 (MENA) - Prime Minister Mostafa Madbouly affirmed that the Egyptian government has made significant progress in the digital transformation sector over recent years, both in services provided to individuals and to businesses. This ....
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OPEN// PM follows up on initiative to convert cars to run on natural gas
Date: 2025-05-12 13:38:26 GMT - Egypt - Economy - SN:27 - ID:11175354
CAIRO, May 12 (MENA) - Prime Minister Mostafa Madbouly said that the government’s initiative to convert vehicles to operate on natural gas is a top priority, in line with President Abdel Fattah El Sisi’s directives to expand the conversion and ....
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Bourse shows mixed performance at close of Monday trading
Date: 2025-05-12 13:16:36 GMT - Egypt - Economy - SN:26 - ID:11175461
CAIRO, May 12 (MENA) - Egyptian Exchange (EGX) indices showed mixed performance at end of trading Monday on the back of purchases by local and Arab institutions and investment funds as well as foreign and Egyptian investors, against sales by foreign ....
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OPEN// Foreign ministry attaches special importance to cultural diplomacy - FM
Date: 2025-05-12 13:07:09 GMT - Egypt - Politics and Diplomacy - SN:25 - ID:11175415
CAIRO, May 12 (MENA) - Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty stressed that his ministry attaches special importance to cultural diplomacy as one of Egypt's soft power tools, highlighting its significant ....
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OPEN// Egypt condemns attack on Ecuadorian army unit
Date: 2025-05-12 12:42:36 GMT - Egypt - Politics and Diplomacy - SN:24 - ID:11175407
CAIRO, May 12 (MENA) - Egypt has condemned an attack that targeted a unit of Ecuador's army, killing and injuring a number of soldiers. In a statement released by the foreign ministry on Monday, Egypt expressed sincere condolences and sympathy to ....
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Business Sector: KIMA 2 factory is giant, industrial edifice in Upper Egypt
Date: 2025-05-12 12:41:28 GMT - Egypt - Economy - SN:23 - ID:11175274
CAIRO, May 12 (MENA) - The Public Business Sector Ministry said KIMA 2 factory of the Egyptian Chemical Industries company in the Upper Egyptian governorate of Aswan has the capacity to produce 1,200 tons of ammonia and 1,575 tons of urea ....
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AL: Baghdad summit to discuss food security, AI, economic integration
Date: 2025-05-12 12:30:41 GMT - Iraq - Arab world - SN:22 - ID:11175201
BAGHDAD, May 12 (MENA) - Assistant Secretary General and Head of the Social Affairs Sector at the Arab League Haifa Abu Ghazaleh said the convocation of the fifth session of the Arab Economic and Social Development Summit in coincidence with the ....
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China welcomes India-Pakistan ceasefire
Date: 2025-05-12 12:27:50 GMT - China - World - SN:21 - ID:11175258
BEIJING, May 12 (MENA) - China supports and welcomes the ceasefire achieved by India and Pakistan, and hopes the two countries consolidate and extend the ceasefire momentum and properly handle differences through dialogue and negotiation, a Chinese ....
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US, China slash tariffs for 90 days in trade deal
Date: 2025-05-12 12:27:22 GMT - USA - World - SN:20 - ID:11175311
WASHINGTON, May 12 (MENA) - The US and China will slash their tariffs on each other for 90 days, Treasury Secretary Scott Bessent said Monday. The U.S. will lower tariffs to 30% during the pause, while China will cut its tariffs to 10%, Bessent ....
