Egypt Invests LE 7 Billion in Renewable Energy Transmission Projects
The Egyptian government, through the Egyptian Electricity Transmission Company (EETC), has earmarked LE 7 billion for investments aimed at transmitting electricity from renewable energy projects and integrating it into the national grid by 2025, according to a statement reported by Asharq Bloomberg. These projects will involve the construction of transformer stations to transfer energy generated […]
Egypt to secure €5.8B from EU for Macro-Financial Assistance mechanism
The Ministry of Planning, Economic Development, and International Cooperation has launched negotiations with the European Union for the second phase of the Macro-Financial Assistance mechanism. This phase aims to provide €4 billion in budget support and €1.8 billion in investment guarantees, according to Minister Rania Al-Mashat during a meeting with the National Press Authority attended […]
EGX reveals landmark year with new milestone report
Breaking several records, 2024 saw EGX indices hit new all-time highs. On March 11, 2024, the EGX30, the main benchmark index, closed at a record 33,382 points. The Egyptian Exchange (EGX) reported a year of remarkable milestones in 2024, with significant improvements across key indicators, trading volumes, and market capitalization, according to Ahmed El-Sheikh, Chairman […]
Egypt leads negotiations to end war in Gaza
From the onset of the Israeli war on Gaza, which began on October 7, 2023, Egypt has intensified its diplomatic efforts to halt military operations and protect the lives of the Palestinian people. Cairo has launched multiple initiatives to deliver aid to Gaza, a territory that has been under siege, showcasing its commitment to regional […]