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: […]
Read more »Via Deutsche Welle, a report on Egypt’s plan to build the world’s sixth-largest rail network, with tracks connecting cities along the Nile with the Red and Mediterranean seas: The German industrial group Siemens said on Saturday evening that it had agreed on a deal to construct 2,000 kilometers (1,243 miles) of high-speed rail lines across Egypt. The deal, which […]
Read more »Via WorldCrunch, an article on how – in an area the size of Singapore – Egypt is building its new capital under the close control of the military and the head of state. But will it turn out to be a ghost city? The concrete structure rises to a height of 1,263 feet (385 meters) […]
Read more »Via the Middle East Institute, a look at the PEACE Cable in the Middle East and North Africa: As an ambitious and rapidly growing superpower, China has quickly distinguished itself in emerging technology. The country has long leveraged its ubiquitous tech sector for diplomatic and political advantage. China’s technological outreach encompasses its international infrastructure mega-project, […]
Read more »Via African Business, an article on the role of the private sector in Egypt’s economy: After managing to sustain economic growth even at the height of the pandemic, Egyptian GDP looks set to continue increasing over the next three years. Big government projects have underpinned recent growth and although Cairo has promised a change of […]
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