Via Al Monitor, an article on how Egypt, as part of plans to turn into a major regional hub for electricity, announced plans to increase the capacity of an interconnection line between Egypt and Libya: Egypt’s Minister of Electricity Mohammed Shaker recently announced his country’s readiness to increase the capacity of the electricity interconnection line between […]
Read more »Via Al Monitor, an article on Egypt and Israel’s recent agreement to establish a pipeline connecting Israel’s offshore Leviathan natural gas field to the liquified natural gas terminal in Egypt, a move that was hailed as a major step toward economic, political and security gains for Cairo: Egypt and Israel agreed Feb. 21 to connect Israel’s […]
Read more »Via Silk Road Briefing, a look at some significant MENA-based BRI projects: The MENA region – the Middle-East and North Africa – has also been targeted as part of Beijing’s Belt & Road Initiative, with greater interconnectivity and supply chains to much needed oil and gas reserves being put in place. The MENA region has vast […]
Read more »Via Bloomberg, an article on Egypt’s decision to sell three more army-held companies in 2021: Egypt is considering selling ownership in three more army-held companies in 2021, a potentially historic opening of part of the economy to much-sought-after private investment. The chief executive officer of Egypt’s sovereign wealth fund, Ayman Soliman, said studies are under […]
Read more »Via the Carnegie Middle East Center, a look at how the Egyptian military’s involvement in the economy has come at a high cost, contributing to underperformance in development: The historical pattern of Egypt’s development model puts the military at the center as economic savior. Egyptian President Abdel Fattah el-Sisi did not invent the military’s fixation […]
Read more »Via Al Monitor, a look at how Egypt is currently developing the Golden Triangle area, which was recently designated as the richest in iron, copper, gold and phosphate minerals: The Egyptian government has recently described the Golden Triangle as one of the richest economic areas in Egypt given its large mineral reserves. The Golden Triangle lies in Abu […]
Read more »