President Abdel-Fattah El-Sisi emphasized collaboration with the World Economic Forum (WEF)
President Abdel-Fattah El-Sisi emphasized collaboration with the World Economic Forum (WEF) to attract foreign private sector investments in Egypt’s priority areas, including industry, sustainable energy, AI, and digital transformation. During his Cairo meeting with WEF President Børge Brende, El-Sisi highlighted Egypt’s infrastructure and economic reform progress, presenting significant investment opportunities. Brende commended Egypt’s reforms and […]
COP29 concluded with a $300bn annual climate finance target by 2035 for developing nations
COP29 concluded with a $300bn annual climate finance target by 2035 for developing nations, complemented by agreements on carbon trading and a regulated global market under the Paris Agreement. EU Climate Commissioner Wopke Hoekstra celebrated the outcome as “a milestone for global climate action,” highlighting its significance in advancing sustainable development.UN Climate Chief Simon Stiell […]
The IFC – International Finance Corporation announced $605M investments
The IFC – International Finance Corporation announced $605M investments in three major Egyptian projects, fostering sustainable tourism, climate finance, and SME development:$300M Sustainability Bonds with Arab African International Bank, co-financed by EBRD and BII, to fund green initiatives and social projects.$155M Green Tourism Investment in Orascom Development Egypt to enhance energy efficiency in Red Sea […]