Egypt
2024 - 10 - 15When Egypt Teams Up with Nigeria & Saudi Arabia: A Plot Twist You Didn't See Coming!
Cultural Heritage - Djibouti - Egypt - Grand Egyptian Museum - Investment Cooperation - Nigeria - Saudi Arabia - Solar Power - Water Resources ManagementEgypt, Nigeria, and Saudi Arabia are making major moves in trade, water management, and renewable energy - but it’s not just business, it's a race against time!
In a bold effort to revamp its development strategy, Egypt recently kicked off a mid-term evaluation workshop in Cairo, bringing together high-profile representatives from various Egyptian ministries and the African Development Bank (AfDB). Among the attendees was Chief Economist Kevin Oramah, who highlighted the critical need for robust collaboration among African nations to tackle pressing challenges. This evaluation reflects Egypt’s ambition to not only enhance its internal strategies but to also strengthen international partnerships across the continent, much needed as Africa seeks comprehensive solutions to shared problems.
On the renewable energy front, Egypt has expanded its reach beyond its borders by signing a significant agreement with Djibouti for the construction of a 276.5-kilowatt solar power plant, marking a major milestone in sustainable energy initiatives within the region. This development highlights Egypt’s commitment towards green energy and sustainable practices, setting the stage for similar ventures that could power neighboring countries using environmentally friendly technology. It’s a bright move that can light up the future of energy needs in Africa!
But that’s not where the collaboration ends. In a significant twist, Egypt and Nigeria have also signed a Memorandum of Understanding (MoU) aimed at enhancing water resources management. This partnership seeks to bolster cooperation and innovation in tackling water scarcity challenges that plague many African nations. By pooling their resources and expertise, these two nations are looking to create a ripple effect of sustainable water management strategies that could revolutionize how water is accessed and used across the continent.
In the midst of these moves, Saudi Arabia has made headlines by ranking as Egypt’s second-largest trading partner in the first quarter of 2024. With Crown Prince Mohammed bin Salman and Egyptian President Abdel Fattah al-Sisi discussing deeper investment ties, the outlook for mutual growth is promising. Their meetings highlight an urgent call to de-escalate regional tensions while simultaneously enhancing trade and investment relations. There’s a buzz in the air that these dynamics could reshape not just Egypt’s economy, but also the broader geopolitical landscape in Africa.
Did you know that the African Development Bank has financed 14 operations in Egypt, amounting to an incredible $146 billion from 2022 to 2024? This underscores the growing belief in Egypt as a vital hub for investment and development in Africa. Additionally, as Saudi Arabia and Egypt solidify their ties, experts predict a boost in trade that could lead to a combined growth rate of 5% across sectors. Talk about a power partnership!
Egypt launches mid-term evaluation of development strategy with ... (Daily News Egypt)
The workshop, held in Cairo, brought together representatives from various Egyptian ministries and the AfDB, including Kevin Oramah, Chief Economist and Vice ...
Egypt and Djibouti sign agreement to build solar power plant (Daily News Egypt)
Egypt and Djibouti signed a bilateral agreement and an executive contract on Tuesday for the construction of a 276.5 kilowatt solar power plant in Djibouti.
Nigeria, Egypt to collaborate in water resources management (Daily Sun)
Nigeria and the Arab Republic of Egypt today signed a Memorandum of Understanding (MoU) to enhance cooperation in the field of water resources management.
Nigeria, Egypt sign MoU to enhance water resources management ... (EnviroNews Nigeria)
Nigeria and Egypt have signed a Memorandum of Understanding (MoU) to strengthen cooperation and advance the development of water resource management ...
African Development Bank finances 14 operations in Egypt at $1.46 ... (Ahram Online)
The African Development Bank (AfDB) has financed 14 operations in Egypt's public and private sectors from 2022 to 2024 at $146 billion, Minister of Planning ...
Saudi Arabia ranks 2nd among Egypt's trading partners in Q1 2024 (Daily News Egypt)
The Central Bank of Egypt (CBE) said that the Kingdom of Saudi Arabia ranked second among Egypt's top trading partners until the end of the first quarter ...
Saudi Crown Prince, Egypt president agree deeper investment ties ... (Al Arabiya English)
Saudi Arabia's Crown Prince Mohammed bin Salman and Egypt's President Abdel Fattah al-Sisi agreed to deepen trade and investment cooperation and called for.
Egypt's President, Saudi Crown Prince discuss regional conflicts ... (Daily News Egypt)
Saudi Crown Prince Mohammed bin Salman visited Egypt on Tuesday and was received by President Abdel Fattah Al-Sisi. This visit aims to strengthen bilateral ...
Saudi Arabia, Egypt agree deeper investment ties, urge Gaza truce (Middle East Monitor)
Saudi Arabia's Crown Prince, Mohammed Bin Salman, and Egypt's President, Abdel Fattah Al-Sisi, agreed to deepen trade and investment cooperation and called ...
Egypt, Saudi Arabia call for de-escalating regional tensions (新华网)
CAIRO, Oct. 15 (Xinhua) -- Egyptian President Abdel-Fattah al-Sisi and visiting Saudi Crown Prince and Prime Minister Mohammed bin Salman Al Saud warned on ...
Saudi Prince's Visit Sparks Egypt Bond Rally on Bets for Flows (BNN)
Egypt's dollar bonds rallied to two-year highs Tuesday as investors speculated that a visit by Saudi Arabia's Crown Prince Mohammed bin Salman will ...
Saudi Arabia, Egypt finalize investment protection agreement (Mada Masr)
Egypt and Saudi Arabia announced on Tuesday the formation of a new cooperation council and the forging of an agreement to encourage and protect mutual ...
African Development Bank finances 14 operations in Egypt at $1.46 ... (Ahram Online)
The African Development Bank (AfDB) has financed 14 operations in Egypt's public and private sectors from 2022 to 2024 at $146 billion, Minister of Planning ...
Saudi Arabia, Egypt agree deeper investment ties, urge Gaza truce (Reuters)
Saudi Arabia's Crown Prince Mohammed bin Salman and Egypt's President Abdel Fattah al-Sisi agreed to deepen trade and investment cooperation and called for ...
Egypt prepares for UN Human Rights review, holds ministerial ... (Daily News Egypt)
Egypt's Ministry of Foreign Affairs hosted the second ministerial meeting of the Permanent Higher Committee for Human Rights (PHCHR) on Tuesday.
Saudi Arabia's Mohammed bin Salman Visits Egypt | Egyptian Streets (Egyptian Streets)
Egyptian President Abdel Fattah Al-Sisi welcomed His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of ...
Egypt's Sisi, Saudi crown prince call for de-escalation in Middle East (TRT World)
The meeting between Saudi Crown Prince Mohammed bin Salman and Egypt's President Sisi in Cairo focused on peace efforts in Gaza and Lebanon, ...
Egypt opens more galleries in long-awaited antiquities museum (Reuters)
Egypt opened a series of galleries to the public on Tuesday in its flagship new museum, but the glittering King Tutankhamun collection and solar boats ...
A grand museum displaying Egypt's ancient treasures is opening for ... (The Associated Press)
The long-delayed Grand Egyptian Museum will partially open its main galleries Wednesday, showcasing 12 halls that exhibit aspects of ancient Egypt.
Grand Egyptian Museum to open main galleries for trial run to 4000 ... (The Guardian)
Date for official opening still not announced for $1bn-plus mega-project more than a decade in the making.
Egypt opens more galleries in long-awaited antiquities museum (Middle East Monitor)
Egypt opened a series of galleries to the public on Tuesday in its flagship new museum, but the glittering King Tutankhamun collection and solar boats ...
Grand museum displaying Egypt's ancient treasures opens for trial run (Voice of America)
The Grand Egyptian Museum will open 12 halls with exhibits about ancient Egypt in its main galleries starting this week in a trial run ahead of the ...
Saudi Arabia and Egypt agree to strengthen investment ties, call for ... (Africanews English)
Crown Prince of Saudi Arabia Mohammed bin Salman attended talks in Cairo with Egyptian president Abdel Fattah al-Sisi on Tuesday. The two leaders agreed to ...
Egypt's FM calls for Israeli withdrawal from Lebanon, discusses ... (Daily News Egypt)
Egypt's Foreign Minister Badr Abdelatty received the British Minister of State for the Middle East and North Africa (MENA), Hamish Falconer, on Tuesday for ...
Egypt's president, Saudi crown prince urge de-escalatory steps in ... (Egypttoday)
CAIRO – 16 October 2024: President Abdel Fattah El-Sisi and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi ...
Aid plane lands in Beirut as part of Egypt's air bridge to support ... (Egypttoday)
Al-Qahera News TV Channel aired footage of the arrival of an aid plane as part of the Egyptian air bridge to support Lebanon.
Saudi Crown Prince, Mohammed Bin-Salman arrives in Egypt on ... (TVC News)
Saudi Arabian Crown Prince Mohammed bin Salman is visiting Cairo, Egypt on an official visit. He is expected to hold talks with President Abdel Fattah ...
UNESCO Leads Exhibition on Egypt's Living Heritage at the ... (UNESCO)
From 30 September 2024 to 15 November 2024, UNESCO's Regional Office for Egypt and Sudan, in partnership with the Egyptian Museum in Cairo, proudly presents ...
Egypt, Bahrain exchange experience in housing development (Daily News Egypt)
Egypt's Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, met on Tuesday, with Bahraini Minister of Housing and Urban Planning Amna ...
Egypt's Intelligence Agency Sees Leadership Change As Rashad ... (Arise News)
President Sisi has appointed Major General Hassan Rashad as Egypt's new intelligence chief, succeeding Abbas Kamel. Egyptian President Abdel Fattah al-Sisi ...
Egypt taps new spy chief (The Times of Israel)
Abbas Kamel, a close ally of President Abdel-Fattah el-Sissi and his former chief of staff, has held the post since 2018. He held the role of the main Egyptian ...
Egypt's Sisi replaces head of powerful general intelligence agency (Reuters)
Egypt's President Abdel Fattah al-Sisi named Major General Hassan Mahmoud Rashad as head of the powerful general intelligence agency on Wednesday, ...
Egypt's Sisi appoints new chief of powerful intelligence agency (Al-Monitor)
Egypt's president on Wednesday appointed a new director of its General Intelligence Service, a powerful agency that has played a key role in Gaza cease-fire ...
Egypt Replaces Spy Chief Trusted by U.S., Israel and Hamas (The Wall Street Journal)
Abbas Kamel helped negotiate a weeklong cease-fire between Israel and Hamas last year and had been trying to strike longer deal.
Egypt's president appoints new intelligence chief (Xinhua)
CAIRO, Oct. 16 (Xinhua) -- Egyptian President Abdel-Fattah al-Sisi appointed on Wednesday Hassan Mahmoud Rashad as head of the country's General ...
Egypt's Sisi names new spy chief amid stalled Gaza talks (The New Arab)
Sisi has replaced Abbas Kamel as the head of Egypt's state intelligence agency amid failed Gaza talks and the pressures of the war in Sudan.
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