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Farida Osman wins Egypt’s first World Aquatics Championship medal

22-year-old Egyptian swimmer Farida Osman snatched Egypt’s first-ever World Aquatics Championship medal yesterday, winning bronze in the women’s 50m butterfly final, Ahram Online reports. Osman, who missed the silver medal by 0.01 seconds, broke the African record for the event for the third time, having set the previous record herself in the semi-final round. (Photo […]

Posted inDiplomacy + Foreign Trade

IFC approves USD 635 mn investment in solar power park in Egypt

The International Finance Corporation’s executive board approved a USD 635 mn funding agreement to construct, operate, and maintain as many as 11 solar power plants in Egypt with a combined production capacity of 500 MW, according to an IFC statement. The funding agreement “will be one of the largest private foreign direct investments in the […]

Posted inDiplomacy + Foreign Trade

Egypt, Jordan sign seven MoUs during Egyptian-Jordanian Higher Committee meeting

Egypt and Jordan signed seven MoUs on Wednesday at a meeting of the Egyptian-Jordanian higher committee in Amman, Al Mal reported. Among the more notable of them covered cooperation between the EGX and the ASE and the twinning of the Aqaba and Nuweiba ports. They also extend to investment, SME development, trade and industry, transport, […]

Posted inDiplomacy + Foreign Trade

Egypt signs MoUs with Romania to promote agricultural investments, economic cooperation

Port, agri and SME agreements with Romania: The Investment and International Cooperation Minister Sahar Nasr inked three MoUs with Romania this weekend for cooperation on agriculture-focused investments and SME development, according to an official ministry statement (pdf). Another pact aims to enhance trade between the Alexandria Port and Romania’s Constanta Port.

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