Upcoming EventsFeb28Tueall-day Aid & Development Africa Summit @ Nairobi, KenyaAid & Development Africa Summit @ Nairobi, KenyaFeb 28 – Mar 1 all-dayThe 2nd annual Aid & Development Africa Summit will take place in Nairobi, Kenya on 28 February – 1 March 2017 with an aim to explore how technological innovations and best practice can improve aid delivery and development strategy in … Continue reading →Mar1Wedall-day 5th edition of the Africa Busine... @ Sheraton Hotel5th edition of the Africa Busine... @ Sheraton HotelMar 1 all-dayThe 5th edition of the Africa Business Forum in Addis Ababa, Ethiopia will be held in Ethiopia on the 1st of March 2017 in the 5 star Sheraton Hotel, under the Patronage of Sheikh Mohammed Al Amoudi (Forbes ranked billionaire … Continue reading →Mar8Wed10:00 am Sustainable Energy & Technology ... @ Hall 103 -104 BITEC, Bangkok International Trade & Exhibition CentreSustainable Energy & Technology ... @ Hall 103 -104 BITEC, Bangkok International Trade & Exhibition CentreMar 8 @ 10:00 am – Mar 10 @ 6:00 pmAnnounced by a joint partnership among the Ministry of Energy. Chulalongkorn University, Ministry of Science and Technology, Ministry of Transport, and Ministry of Industry, the 2017 SETA will be held under the theme “Towards A Low-Carbon Society”; Highlighting the Trend … Continue reading →Mar14TueMar20MonMar27Mon
Category Archives: Egypt News
Gulf Council Countries renewable energy targets have been reported to have the potential of creating an average of 140,000 direct jobs per year. The report which was published last year by International Renewable Energy Agency (IRENA) on renewable energy market analysis in the Gulf Council Countries (GCC) region sees an appreciable growth of renewable energy in the region and also declares Saudi Arabia as the world’s seventh largest oil consumer and the world’s largest oil exporter, thus making it an oil dependent economy. However, the country has declared plan to diversify its economy by depending on more green technology and sustainable sources.
Demand for Liquefied Natural Gas (LNG) in some countries with the Middle East and North Africa region has been on rising demand making setting a high task for suppliers. Over the past decade, demand for LNG in Egypt, and Dubai, Jordan, Kuwait, and Pakistan has risen significantly reaching a current demand of 20.8 million tonnes per annum in 2016. Egypt’s demand has been very crucial leading the country to set up a scheme which awards huge tenders for short-term and medium-term supplies – attracting imports to handle demand deficits. The once known oil economies and exporters now importing liquefied natural gas. According to Platt, this is very bad and allows new entrants in the region to use short-term purchasing strategies, which is creating additional liquidity.
African Travel Spend expected to rise 24 Percent with Introduction of African Union Passport Introduction in 2018
New research released by global travel technology provider, Sabre Corporation, has revealed that African air travel spend is expected to rise 24% with the introduction of the pan-African passport in 2018. The new passport will enable African travellers to visit other countries on the continent without a visa.
The IMF Executive Board will meet on Friday, November 11 to discuss Egypt’s request for financial assistance under an Extended Fund Facility (EFF) for the amount of $12 billion
‘The Egypt Petroleum Show’ held under the high patronage of the President, His Excellency Abdel Fattah El Sisi, and support of the Ministry of Petroleum and Mineral Resources promises to be the largest oil & gas industry gathering North Africa has ever seen taking place in Cairo from the 14-16 February at the Cairo International Convention Centre.
Luxor hosts UNWTO 5th UNWTO Global Summit on City Tourism: Cities: Local Culture for Global Travellers
The World Tourism Organization (UNWTO) and the Government of the Arab Republic of Egypt are organizing the 5th Global Summit on City Tourism: “Cities: Local Culture for Global Travellers” on 1-2 November 2016 in Luxor. During the summit, UNWTO will launch the Mayors for Tourism Initiative.
New GSMA Report Sees Rise in Mobile Broadband and Smartphone Adoption across Middle East and North Africa
Mobile Helping to Grow Innovative New Services, Connect the Unconnected and Create Employment Across Diverse Region
Virtual reality is gradually moving from just the social aspect to businesses and model presentation. The technology which allows its users to live in an artificial world, move about in it and interact with features or items that are depicted in the artificial word is about to boost businesses and bring ideas into reality.
Egypt’s Bright Creations will be exhibiting at GITEX at the Dubai World Trade Centre at the Sheikh Saeed Hall S-E1. The company which offers wide range of services include CRM Solutions, Digital Marketing, E-Commerce Solutions, Enterprise Solutions, HR Solutions, Recruitment & Training, Mobile Content/Apps, Mobile Solutions, Smart Health, Software, and Startups was founded by Mahamad El Tanahy in 2008, and is one of the fastest growing digital agencies and app developers in the region.
Increasing demand for petroleum products has led to refineries in Africa not to be able to satisfy the level of demand while much rely on imports to meet the deficit. This existing challenge has led the Centurion Law Group to examine the immediate status of the Africa Refinery sector and how private investors can benefit while solving the challenge of rising demands.
GE, which has operated in Africa for over 100 years, committed at the 2014 event to invest $2 billion in facility development, skills training, and sustainability initiatives across Africa by 2018
Under the patronage of the New and Renewable Energy Authority, Advanced Conferences & Meetings has successfully launched Solar Projects Egypt in its 2nd consecutive edition. Held at the Fairmont Heliopolis & Towers, Cairo, this event addresses the progress updates on the successful financing, designing and construction of solar plants under Egypt’s Solar round one FIT scheme.
Multiple Investment Opportunities for Investors as GCC Waste Management Sector Experience Dynamic Change
Waste is becoming a major issue in the GCC region, as well as in many developing countries globally. In the past, many countries have been dealing with Waste through a simple mechanism of landfills, this was workable in the past, but is not workable in the future, based on specific trends relating to: increasing population and urbanization, resulting in a need to do more with land, and avoid losing the opportunity by dumping waste, increasing social awareness & increasing concerns globally and in the region relating to the environment damage, and the emanating potential of waste as a source of energy/ recycled materials, owing to more advancements in technology which has led to a need to do things differently.
The decline in the global oil price has led to a reduced level of activity across the African continent and had an impact on countries that traditionally depend on oil & gas revenue. Despite the bleak landscape, the African continent still offers significant opportunities in the oil & gas sector. “It is an opportune time for local governments that want to attract oil & gas investors to reform their regulatory, fiscal and licensing systems,” says Chris Bredenhann, PwC Africa Oil & Gas Advisory Leader (PwC.com).
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.
The Egyptian Ministry of Trade and Industry and the Luxor Governorate plan to announce on Thursday the launch of their joint project “Youth Employment for Socio-Economic Stability in Upper Egypt” which will be implemented jointly with the United Nations Industrial Development Organization (UNIDO) in cooperation with the Japanese government.
The private sector can be an important driver for growth and rising prosperity in the Middle East and North Africa (MENA) if effective policies are put in place to address key challenges across the region, according to a report from three leading international development and financial institutions.