Nearly 65% of adults in the Arab region remain excluded from formal financial systems, according to a new report by the United Nations Economic and Social Commission for Western Asia (ESCWA). The Annual SDG Review 2025 paints a sobering picture of persistent financial exclusion that is undermining the region’s ability …
President Abdel Fattah Al-Sisi is scheduled to inaugurate the world’s largest wind farm in the Gabal El Zayt area in the Red Sea. The farm has a capacity of 580 MW, with a total investment of EGP 12bn. The wind farm project is divided into three compartments, with a total …
Wealthy governments have been accused of promoting fossil fuel development in Africa at the expense of clean energy. Analysis showed 60% of public aid for energy projects was spent on fossil fuels, compared with just 18% on renewables. Oil Change International, a clean energy advocacy group that conducted the study, …
Egyptian firefighters battled flames that erupted after an explosion at a chemicals factory outside Cairo’s main airport on Thursday, with a dozen people reported injured in a blast an army spokesman said was caused by high temperatures. State news agency MENA quoted a security source as saying that 12 people …
Thirty companies from Aswan started implementing solar energy projects with the feed-in tariff scheme in Benban, Aswan, after their documents were reviewed by Hassan Allam, who is responsible for managing services at the project site. Hossam Allam, chief executive officer of Hassan Allam services, said that 30 companies from Benban …
Egypt's shrinking freshwater "Pharaonic Sea" has residents in its nearly 50 surrounding fishing villages worried. The thin 10 000-square kilometre stretch of water just north of the capital was once part of the Nile River, but shrivelling shorelines have left it separated from the country's main water source for nearly …
The leaders of Egypt and Ethiopia say they have made progress in their talks on sharing the waters of the Nile River. The two countries have been trying for months to settle a dispute over the dam Addis Ababa is building on the Nile River that Cairo fears will threaten …
Since the beginning of the Arab revolutions in 2010 and 2011, global attention to the Middle East and North Africa (MENA) has focused mainly on political transitions, instability, and the resulting refugee crisis. Often neglected, however, are the economic implications that these developments have for MENA countries, especially for those …
Africa50, Green Climate Fund (GCF) and the African Development Bank (AfDB) are set to develop solar projects in the Sahel through the Desert to Power Programme. On the sidelines of the African Development Bank annual meetings, the heads of Africa50, GCF and AfDB signed an agreement to collaborate on the …
The Egyptian Parliament approved on Sunday a draft law submitted by the government to govern organising medical clinical research trials, known as clinical trials, some of the articles in which have been opposed. Parliament Speaker Ali Abdel Aal said that the draft “supports the Egyptian pharmaceutical industry” and has “a …
CAIRO (Reuters) - China’s GCL Group has signed a memorandum of understanding (MOU) with Egypt’s ministry of military production to build a solar panel facility at a cost of up to $2 billion, state-run newspaper Al-Ahram reported on Thursday. Under the MOU, which was signed on Wednesday, the facility will …
Egyptian football star, Mohammed Salah recently made news off the field for his philanthropic work. The footballer bought land and paid for a sewage plant to be built, to supply his village with clean water. The remarkable deed by the Liverpool striker has been hailed by many across the continent. …
The Egyptian Ministry of Agriculture decided to ban agricultural imports from South Africa over the outbreak of deadly listeria bacteria in South African agricultural products, official MENA news agency reported Thursday. The Egyptian ministry's Central Administration for Agricultural Quarantine also banned issuing any import permits related to agricultural products from …
Technical talks between Egypt, Sudan and Ethiopia over a disputed dam Ethiopia is building on the Nile river failed to make a breakthrough, Egypt's foreign minister said on Monday, amid pressure for a deal before the project opens this year. Egypt and Ethiopia are at loggerheads over the construction of …
Sudanese and Ethiopian leaders have confirmed their commitment to resolving the disputes with Egypt over the Great Ethiopian Renaissance Dam (GERD) peacefully. President Omar Bashir and Prime Minister Abiy Ahmed, at a meeting in Khartoum, reiterated their commitment to the 2015 tripartite principles they signed with Egypt. “Our two countries …
Mauritians are the wealthiest individuals in Africa with an average wealth of US$25,700 per person, whilst people in living in Zimbabwe are the poorest with US$200 per person. Interestingly, North African countries such as Algeria, Egypt and Morocco all rank high on the list despite recent instability. Notably, back in …
Egypt's foreign minister has delivered a warning to Ethiopia over a dam it is building on a Nile River tributary. Sameh Shoukry says in TV comments aired Thursday that all parties "should know that Egypt will not accept the status quo ... and continues to defend the interests of its …
In collaboration with Chinese clean energy company TBEA Sunoasis, Egypt has commenced the construction of four solar power stations at the Benban Solar Park in Egypt's southern province of Aswan. The solar stations, with a total output of 186MW, are part of the giant Benban Solar Plant which is expected …
The planned petroleum product subsidies allocation for fiscal year 2018/19 accounted for EGP 89.75bn compared to EGP 110bn in the FY 2017/18 budget, while electricity subsidies registered at EGP 16bn, down from EGP 30bn in the same period, according to the draft budget sent to parliament for approval, which Daily …
Delegations of Egypt and Ethiopia on Wednesday arrived in the Sudanese capital Khartoum to take part in a tripartite meeting regarding the Grand Ethiopian Renaissance Dam (GERD). Sudan's Foreign Minister Ibrahim Ghandour and Sudan's Water Resources and Electricity Minister Mutaz Mussa received the Egyptian and Ethiopian delegations participating in the …
Cairo - Sudan's President Omar al-Bashir has met his Egyptian counterpart in Cairo, as the two countries look to repair ties that were recently frayed over an upstream Nile dam being built by Ethiopia. At a joint press conference on Monday, al-Bashir and Egyptian President Abdel-Fattah al-Sisi vowed to cooperate …
