Cairo | Tags | Econostrum | Economic News in the Mediterranean

Israel supports a two-state solution to its conflict with Palestine

09/23/2022 | Society / Institutions

ISRAEL / PALESTINE. Speaking at the United Nations in New York during the 77th session of the United Nations General Assembly, the Israeli Prime Minister spoke out in favor of "an agreement with the Palestinians, based on two states for two peoples.

Cyprus' Aphrodite gas field secures financing for its first drilling

09/20/2022 | Industry

CYPRUS. The partners of the Aphrodite gas field approve a $192 million financing that will allow the drilling of a first well in this very promising field.

The Crédit Agricole becomes a majority shareholder in its Egyptian subsidiary

09/13/2022 | Services

EGYPT / FRANCE. Crédit Agricole now owns 52% of the capital of Crédit Agricole Egypt, its subsidiary based in Cairo.

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The Egyptian Abou Ghaly Motors will have 250 electric cabs

09/08/2022 | Environment

EGYPT. Egypt's Abou Ghaly Motors, a provider of integrated mobility solutions, will purchase 250 range-extended electric vehicles (REEVs) for its cab services.

Egypt's central bank governor throws in the towel amid economic meltdown

08/18/2022 | Society / Institutions

EGYPT. Tareq Amer, Governor of the Central Bank of Egypt, has decided to resign one year before the end of his mandate. His country is experiencing a serious economic crisis.

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IMF urges Egypt to speed up fiscal and structural reforms

07/28/2022 | Society / Institutions

EGYPT. The International Monetary Fund (IMF) has said that Egypt, which is seeking a loan extension, must make "decisive progress" in fiscal and structural reforms.

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UN alarms over volatile security situation in Libya

07/26/2022 | Society / Institutions

LIBYA. Increased demonstrations, armed skirmishes between supporters of the two prime ministers, dismissal of the president of the oil company, multiple governments, Libya is sinking into chaos because of the failure to organise elections. The UN is concerned... once again.

EU to buy natural gas from Israel via Egypt

06/16/2022 | Society / Institutions

ISRAEL / EGYPT / EU. Faced with the new geopolitical reality, the European Union signs a tripartite agreement with Israel and Egypt to increase supplies of Israeli natural gas from Egypt after liquefaction there.

UN gives Libyan rivals a week to agree on electoral framework

06/14/2022 | Society / Institutions

LIBYA. As the third and final round of negotiations between Libyan rivals to establish a constitutional framework for elections begins in Cairo, the UN is demanding an agreement by Sunday 19 June 2022.

Abdelhamid Debeibeh, Cairo, Fathi Bashagha, Libya, Stephanie Williams, United Nations

Egypt launches high-speed rail with Siemens Mobility

05/31/2022 | Transport

EGYPT. Thanks to the signing of an €8.1bn contract with Siemens Mobility, Egypt will have a 2,000km high-speed rail system serving sixty cities across the country.

Egypt's new international airport to open in July 2022

05/20/2022 | Society / Institutions

EGYPT. According to the Egyptian Ministry of Civil Aviation, the country's new international airport, Sphinx International, will be operational by mid-July 2022.

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Libyan rivals try to reach agreement on future elections

04/14/2022 | Society / Institutions

LIBYA. Representatives of the Libyan Parliament and High Council of State begin talks in Cairo to define a solid constitutional basis for holding national elections.

Egypt seeks further IMF support to underpin its comprehensive economic programme

03/24/2022 | Society / Institutions

EGYPT. Faced with the development of the war in Ukraine and its consequences on their country, the Egyptian authorities are launching a comprehensive economic programme and requesting new financial assistance from the International Monetary Fund.

CMI and Femise identify post-covid opportunities in five Mediterranean countries

03/03/2022 | Society / Institutions

MEDITERRANEAN. The Centre for Mediterranean Integration and Femise explore in a report the opportunities to be seized, after the health, social and economic crisis of Covid-19, to foster growth and deepen regional cooperation in the Mediterranean region.

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Alstom to upgrade Cairo metro for €876m

11/09/2021 | Transport

EGYPT / FRANCE. The Egyptian National Authority for Tunnels awards the contract for the modernisation of line 1 of the Cairo metro, with the delivery of fifty-five Metropolis trains, to the French company Alstom.

OECD to support Egyptian government's structural reforms

10/28/2021 | Society / Institutions

EGYPT. The Arab Republic of Egypt and the Organisation for Economic Co-operation and Development sign a Memorandum of Understanding to launch a three-year Country Programme.

Abdel Fattah al-Sissi, Cairo, Country Programme, Covid-19, Egypt, Egypt Vision 2030, Egyptian economy, Mathias Cormann, Mena, Mena-OECD Initiative, Mostafa Madbouly, OECD, Organisation for Economic Co-operation and Development, Paris

Egypt, Greece and Cyprus sign electricity transfer agreement

10/21/2021 | Industry

EGYPT / GREECE / CYPRUS. Three Eastern Mediterranean countries, Egypt, Greece and Cyprus, sign a tripartite electricity transfer agreement to ensure interconnection, but also to promote the exploration and transfer of natural gas between them.

The EBRD finances the training of 80 young Egyptians in metro maintenance

10/14/2021 | Transport

EGYPT. The European Bank for Reconstruction and Development is collaborating with Hyundai Rotem Company to train eighty young Egyptian unemployed people in the maintenance of the rolling stock of line II of the Cairo metro.

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Ceasefire between Israel and Palestinian armed groups

05/21/2021 | Society / Institutions

ISRAEL / PALESTINE. After eleven days of deadly clashes, Israeli authorities and Palestinians from Hamas and Islamic Jihad agreed to a ceasefire.

Antonio Gutteres, Cairo, conflicts, Egypt, Gaza, Hamas, Islamic Jihad, Israel, Israeli-Palestinian conflict, Joe Biden, Josep Borrel, Middle East, Palestine, Qatar, United Nations, United States, West Bank

The border between Gaza and Egypt now open indefinitely

02/10/2021 | Society / Institutions

version française

Cairo, Egypt, Fatah, Gaza, Hamas, Israel, Mahmoud Abbas, Palestine, Palestinian Authority, Rafah, UNCTAD, West Bank, Yasser Arafat Airport