Via Al Monitor, an article on the African continent’s potential to produce hydrogen as an energy source: Hydrogen continues to be a major topic at the United Nations Climate Change Conference, aka COP27. The Emirati renewable energy company Masdar released a report today on the potential of the African continent to become a hub for the generation […]
Read more »Via Bloomberg, a report that Qatar ‘s sovereign wealth fund transferred $1 Billion to Egypt’s Central Bank: Qatar’s sovereign wealth fund has deposited $1 billion with Egypt’s central bank as the gas-rich Gulf state moves closer to a deal to acquire government holdings in some of the North African nation’s major firms. The $445 billion Qatar […]
Read more »Courtesy of The Financial Times, an article on how the global crisis has magnified the fragility of Egypt’s state-driven economic model and forced it to take out new multilateral loans: When Egypt was forced to go cap-in-hand to the IMF as it struggled with a foreign currency crisis and dwindling reserves in 2016, President Abdel […]
Read more »Via Foreign Policy, commentary on the Egyptian President’s spending on projects of questionable value while his people are suffering: On Sunday, a horrific fire at a Coptic church in greater Cairo’s Imbaba neighborhood killed 41 people, including 18 children. It was the latest in a string of disasters that have recently befallen Egyptians. Since January 2021, Egypt has […]
Read more »Via Asharq Al Awsat, an article on Saudi PIF acquiring stakes in 4 Egyptian companies worth $1.3b: The Saudi Egyptian Investment Company (SEIC), owned by Saudi Arabia’s state-owned Public Investment Fund (PIF), has bought minority stakes in four Egyptian companies for $1.3 billion, Egypt’s planning ministry said on Wednesday. The companies are Abu Qir Fertizilers and Chemical […]
Read more »Via CBS News, an article on a new UN report that the global population will hit 8 billion this year, with more than half of the rise forecast in the world’s population in the coming decades will be concentrated in eight countries – Democratic Republic of Congo, Egypt, Ethiopia, India, Nigeria, Pakistan, the Philippines and Tanzania: […]
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