Via Egypt Independent, a report that Egypt and UAE are working together to establish Africa’s largest wind farm: Egypt and the UAE are cooperating to secure land for the biggest wind farm in Africa – and one of the largest globally – at an estimated value of $10 billion. Three UAE companies – Masdar, Hassan […]
Read more »Via Modern Diplomacy, an article on how BRICS nations are looking to establish their own currency, in order to decrease the influence of the US in the global trade market by means of de-dollarization, and new countries are already showing interest in joining the organization, including Egypt: Egypt’s interest in the BRICS alliance has risen […]
Read more »Via Geopolitics in South Asia, a report that Chinese firms are making significant investments into new Suez-based projects: Chinese companies have pledged to invest over US$3 billion in new Suez-based projects. Egypt’s Suez Canal Economic Zone (SCZone) secured the investments from Chinese companies active in chemical, textile and apparel, power, pipes, and iron and steel […]
Read more »Via Modern Diplomacy, commentary on the potential for Egypt to join BRICS: BRICS is a group created in 2009 that includes China, Russia, India, Brazil and South Africa. The BRICS countries represent 42% of the world’s population, 24% of global GDP. They account for 16% of world exports and 15% of world imports of goods […]
Read more »Courtesy of The Financial Times, an article on how Cairo’s allies have shifted from handing out traditional support to seeking commercial deals and demanding reforms: Egypt is struggling to sell off state assets in its effort to ease a foreign currency and funding crisis, as Cairo’s traditional Gulf allies toughen their approach to supporting the […]
Read more »Via Al Monitor, a report on China’s growing investment in Egypt: Egypt’s Suez Canal announced a deal on Thursday with a Chinese company to build a steel and iron factory. The agreement is one of a few Egyptian and Chinese entities have signed recently and demonstrates China’s growing footprint in Egypt. The Suez Canal Economic […]
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