Published by Al-Araby South Sudan will receive 500 megawatts of electricity from Ethiopia over the next six years following the construction of the controversial Grand Ethiopian Renaissance Dam (GERD), according to reports….
Category: Economy
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Russia forges new partnerships in face of West’s ‘total hybrid war’ – Lavrov
Published by Reuters By Mark Trevelyan LONDON (Reuters) -Russian Foreign Minister Sergei Lavrov said on Saturday that Moscow was the target of “total hybrid war” by the West but would withstand sanctions…
Dollar maintains stable rate on onset of Wednesday’s transactions
The exchange rate of the US dollar against the Egyptian pound was stable in the beginning of Wednesday’s trading at Egypt’s major banks.At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate remained stable, recording EGP 18.45 for buying…
Muslims mark Eid Al-Fitr with joy, amid economic concerns
Published by Al-Araby For the Islamic holiday of Eid Al-Fitr, the smell of freshly baked orange biscuits and powdered sugar-dusted cookies typically fills the air in Mona Abubakr’s home. But due to…
Suez Canal chief says April revenues hit all-time record
Published by Al-Araby Egypt’s Suez Canal said Sunday its monthly revenues hit an all-time record, raking in $629 million in April. The unprecedented income came as the Suez Canal in March increased…
PM meets US architect Adrian Smith
Prime Minister Mostafa Madbouli held on Wednesday 27/4/2022 a meeting with Design Partner at the US Adrian Smith + Gordon Gill Architecture Adrian Smith, who designs a giant tower in the New Administrative Capital.The establishment of the tower using s…