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IMF reduces annual borrowing costs for members by 36 percent
Business

IMF reduces annual borrowing costs for members by 36 percent

egyptezine.com
The IMF has reduced member borrowing costs by 36%, cutting annual surcharges by $1.2 billion. Five countries, including Argentina and Egypt, will benefit from the new policy starting November 1....
IEA forecasts UAE to exceed its renewable energy goals for 2030
News

IEA forecasts UAE to exceed its renewable energy goals for 2030

egyptezine.com
The UAE is expected to exceed its renewable energy capacity targets for 2030, with significant growth projected by the IEA, highlighting its leadership in the MENA region's energy transition....
Modon Holding named master developer for $110B Ras El Hekma
Business

Modon Holding named master developer for $110B Ras El Hekma

egyptezine.com
ADQ appoints Modon Holding as master developer for the Ras El Hekma megaproject in Egypt. The project spans 170 million sqm and is expected to create 750,000 jobs by 2045....
Egypt partners with global energy companies in $1.8 billion offshore exploration initiative
Business

Egypt partners with global energy companies in $1.8 billion offshore exploration initiative

egyptezine.com
Tarek El Molla, the Minister of Petroleum and Mineral Resources of Egypt, unveiled his country’s ambitious plan to invest $1.8 billion in offshore exploration for new gas wells in the Mediterranean Sea and the Nile...
UAE president invites Egyptian counterpart to attend COP28 climate conference
News

UAE president invites Egyptian counterpart to attend COP28 climate conference

egyptezine.com
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has extended a personal invitation to Egyptian President Abdel Fattah El Sisi to attend the upcoming COP28 Climate Change Conference in Dubai. The written message...