development

AFDB approves third $500 mln tranche in support for Egypt’s reform program
Economy

AFDB approves third $500 mln tranche in support for Egypt’s reform program

In support of the country’s effort to improve Egyptians’ quality of life, the African Development Bank approved the disbursement of…
LE 1.1 bn allocated for solar energy irrigation of New Valley wells
Egypt

LE 1.1 bn allocated for solar energy irrigation of New Valley wells

Undersecretary of the Ministry of Irrigation, in the New Valley governorate, Magdy al-Shahat, announced on Wednesday that LE 1.1 billion…
External debt is $79 bn, says Finance Minister after financial outlook improves
Business

External debt is $79 bn, says Finance Minister after financial outlook improves

Minister of Finance Amr al-Jarhi stated on Tuesday that Egypt’s external debt stood at $79 billion at the end of…
Reports on Giza Pyramids administration to be transferred to Emirati company ‘rumor’: official
Egypt

Reports on Giza Pyramids administration to be transferred to Emirati company ‘rumor’: official

News reports alleging that the Egyptian government will transfer the administration of the Giza Pyramids to an Emirati company for…
Sisi inaugurates developmental projects in Sharkia, New Cairo
Egypt

Sisi inaugurates developmental projects in Sharkia, New Cairo

President Abdel Fattah al-Sisi inaugurated several developmental projects today in 10th Ramadan City, Sharkia, and New Cairo. The projects included…
Beijing to build $2 billion AI research park: Xinhua
World

Beijing to build $2 billion AI research park: Xinhua

Beijing authorities will build a 13.8 billion yuan ($2.12 billion) artificial intelligence development project in the city’s west, the official…
Cities in ruins after Islamic State, little cash to rebuild
Middle East

Cities in ruins after Islamic State, little cash to rebuild

For nearly 2½ miles along the western bank of the Tigris River, hardly a single building is intact. The warren…
Iraq reaches initial deal with China’s Zhenhua to develop East Baghdad oilfield
Middle East

Iraq reaches initial deal with China’s Zhenhua to develop East Baghdad oilfield

Iraq reached an initial deal with China’s state-run Zhenhua Oil to develop the southern portion of the East Baghdad oil…
Egypt to launch building project in Sinai: Sisi
Egypt

Egypt to launch building project in Sinai: Sisi

President Abdel Fattah al-Sisi said on Saturday Egypt will in the next two to three years embark on a $5.60…
Egypt to construct world’s largest seawater desalination plant
Egypt

Egypt to construct world’s largest seawater desalination plant

Egypt is in the process of constructing the largest seawater desalination plant in the world, in the Suez Governorate’s coastal city of…
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