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OC joins Ain Sokhna green hydrogen project
OC joins in on our first-ever green hydrogen facility: Orascom Construction is joining a developer consortium of Norway’s Scatec, Nassif…
Egypt economy grows at fastest pace in 2 decades in 1Q
Egypt’s economy grew at its quickest pace in two decades in 1Q 2021-2022, as it continued to rebound from last…
AIIB approves USD 360 mn loan to support Egypt’s post-covid economy
We’re getting a USD 360 mn loan from AIIB: The Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) has approved a USD…
CIB approves green bond funding
Our friends at leading private sector bank CIB have approved the allocation of USD 70 mn in proceeds from its…
Gov’t upgrades 2021-2022 growth forecast
The government is predicting growth of 5.6% in the current 2021-2022 fiscal year, Planning Minister Hala El Said said at…
“Marked” improvement in investor confidence in Egypt -EFG’s Awad
Investor confidence in Egypt is showing a “marked improvement,” EFG Hermes Group CEO Karim Awad said at EFG Hermes’ Egypt…
Are we entering the era of post-pandemic austerity?
Governments are widely scaling back massive fiscal programs that had helped push economies through covid — a trend that, contrary…
Green transition could leave tns of assets stranded + Fancy a holiday in BTCity?
The green transition could see companies lose tns in stranded assets, the WallStreet Journal reports, as the shift away from…
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