Egypt
LONG READ: Trade is the glue that holds Global Emerging Markets Institutions together
The world order is changing. The emerging markets are coming of age and they are setting up a raft of largely non-Western Global Emerging Markets Institutions (GEMIs) to coordinate their lives. Trade is the glue that binds them together.
LONG READ: The GEMIs, the Global Emerging Markets' interlocking institutions
The international order is breaking up as the Global Emerging Markets build a raft of new non-Western interlocking international institutions to run their vision of a new multipolar world order.
Egypt’s East Port Said ranked 3rd globally in World Bank port performance index, 1st in MENA
Maersk and other operators are expected to deepen their involvement at East Port Said, which Cairo hopes to leverage to secure new investment in value-added industries.
France and European states recognise Palestine at UN two-state summit
France has joined a growing list of Western countries formally recognising the State of Palestine, in a move President Emmanuel Macron described as “the only path to peace.”
Cairo and Moscow seal 49-year pact on Russian Industrial Zone on shore of Egypt's Suez Canal
The Russian Industrial Zone (RIZ) will be located in Ain Sokhna, within Egypt’s Suez Canal Economic Zone -- a vital maritime artery that links the Mediterranean and Red seas and provides the fastest sea passage between Europe and Asia.
Extreme poverty falling steadily – OWID
To track progress towards ending extreme poverty, the United Nations relies on World Bank estimates of the number of people living below a poverty threshold called the “International Poverty Line” (IPL), Our World in Data (OWID) reports.
Iran reaches nuclear cooperation deal with IAEA after dispute
Iran and the IAEA reach new cooperation framework after 12-month dispute over nuclear inspections following Israeli and US strikes on Iranian facilities.
Xi and Putin to join BRICS emergency talks on US trade measures
Brazil's President Lula rallies leaders from emerging economies for a virtual meeting to find a coordinated response to aggressive US trade measures.
Iranian officials to discuss nuclear file in Cairo
Iran's Foreign Minister may visit Egypt as Tehran expands regional diplomatic engagement to strengthen partnerships and discuss international developments amid nuclear talks.
Ethiopia set to inaugurate $4bn mega-dam as Egypt, Sudan renew strong objections
Ethiopia is preparing for a true "watershed moment", with plans to officially inaugurate its $4bn Grand Ethiopian Renaissance Dam (GERD) on September 9, just ahead of the start of the Ethiopian New Year and the end of the rainy season.
Xi pitches an equitable “multipolar” world order leveraging Global South “mega-markets power” at SCO summit
Chinese President Xi Jinping and Russian President Vladimir Putin called on Global South leaders to leverage their "mega-scale market" and strive for a new equalitarian multipolar world order at the SCO summit in China.
UK-based energy think tank Ember reports record growth in solar panel imports across Africa
Imports of solar panels from China into Africa have surged dramatically over the past year, pointing to the start of a transformation in how the continent generates electricity.
Egypt’s Petromaint wins $121mn Iraqi oilfield maintenance deal, eyes operations in Algeria
Petromaint, a unit of Egypt’s Ministry of Petroleum, has secured a $121mn contract to provide full maintenance services at Iraq’s Zubair oilfield, and is mulling establishing a specialised maintenance and construction services plant in Algeria.
US EPA’s controversial Climate Crisis report is full of lies and mistakes
The US Environmental Protection Agency (EPA) released a controversial report in July claiming the effects of the Climate Crisis were overblown. A fact check by Carbon Brief found it is full of lies and errors.
Mapping global drought risk - Statista
By 2050, more than 1.6bn people, including almost 20% of the African population, will be exposed to severe and extreme droughts, if a pessimistic scenario plays out, according to a report by INFORM Climate Change.
Forest carbon credits are facing a reckoning over albedo risks
Planting trees should reduce the amount of CO₂ in the atmosphere right? Well, its not so easy as that. Trees also provide shade and prevent sunlight from reaching the ground that could reflect it back into space, cooling the plant.
More than 20 African countries exploring potential of nuclear energy – IAEA report
African countries are working to expand electricity access and production, with many turning to nuclear power to boost energy security, cut emissions, and improve reliability and sustainability.
Does Donald Trump deserve a Nobel Peace Prize?
After the White House dubbed Donald Trump the "president for peace", bne IntelliNews contributors assess how much substance there is behind the international diplomatic triumphs claimed by his administration.
Egypt allocates $123.6mn for first phase of strategic Libya land connection
Egypt's government has allocated EGP 6bn ($123.6mn) for the implementation of the first phase of a strategic land connection project with Libya.
US DoE muddies the ClimateCrisis waters with report downplaying the emissions problem
As part of the Trump administration’s attempts to take the Climate Crisis off the agenda, the US Department of Energy has released a report downplaying the impact of fossil fuels on global warming.