The consortium will investigate the feasibility of a large-scale, multi-phase project focused on the development and export of green hydrogen and its derivatives
The exchange would allow buyers to purchase directly from producers
The World Bank projects that the support programme will create jobs, strengthen the economy, and enhance Egypt’s resilience to environmental and economic challenges
The summit is due to kick off on June 13 with a discussion about Africa, climate change, and development
The IMF said its Executive Board would consider the staff agreement and disbursement in the coming weeks
According to the Boston Consulting Group report, globally in 2023, assets under management rose by 12 pr cent to nearly $120tn
The discussions are expected to address the Israel-Gaza conflict, the Palestinian issue, and a potential free trade agreement between China and Gulf states
The general manager of New Balance MENA and India shares the factors driving the activewear brand’s growth in the Middle East and its growing appeal among regional customers
The countries have argued that a two-state solution is essential for lasting peace in the region
The deal with Abu Dhabi sovereign fund ADQ to develop the peninsula 200 km west of Alexandria includes a total of $35bn in investments
An estimated 40 percent of the new positions will be located outside Morocco’s regions of greater Casablanca and Rabat-Salé-Kenitra
Egypt promised the IMF in the March agreement it would resume tightening if necessary to prevent further weakening of its economy
Power cuts are hurting Egypt’s small businesses that play a crucial role in an economy where growth has slowed
Fitch said Egypt’s initial steps to contain off-budget spending should help to reduce public debt sustainability risks
Airlines have suspended hundreds of flights to and from Tel Aviv, as well as some to Lebanon and Jordan since the outset of the war
Egypt is expected to implement more financial reforms amid the country’s IMF bailout
The IMF forecasts that Egypt’s inflation will remain high in the near term, with average inflation for the coming fiscal year, expected at 25.5%
The holiday will begin at the end of the work day on Sunday, April 7, with most employees getting four days off to mark the festival
According to the latest calculations based on the Islamic astronomical calendar, the month of Ramadan is expected to be a 30-day one
Habben Jansen said the Red Sea crisis had rather enforced route changes
Iraq’s oil ministry has confirmed that it will compensate over the next four moths for the increase in crude production
Several major shipping companies have had to react to challenges being faced in the Red Sea
While the situation remains volatile and subject to change, the newly-released data is best indication of where the market is headed
The International Monetary Fund has agreed with Egypt on key policy components of an economic reform programme
The furniture retailer has announced price cuts in Germany – its biggest market by sales – as well as Sweden and the UK
Navigation movement in Egypt’s Suez Canal is regular from both directions, says a top official from that country
Blinken’s visit to the region comes amid an escalation to the crisis in the Middle East
The annual Middle East list, published by “The Best Places to Work”, has just been released and it has based its results on the assessment of over 500 companies
An over-valued currency, weak property rights and institutions, and an overbearing state and military have deterred investment and competition
Industry profits will reach $25.7bn in 2024, which is a slight improvement over this year’s $23.3bn