Egypt has introduced new austerity measures to aid its weak economy. The government wants to take the natural gas locals don't use and sell it at higher prices. It's a simple solution but experts doubt it can work.
The UAE, Egypt and Jordan have signed an industrial partnership to unlock new industrial opportunities and enhance sustainable economic growth in the three countries, across five sectors. A $10 billion investment fund has been set up for the same.
In his first visits as COP President, Alok Sharma has today [Sunday 16 January 2022] concluded a constructive visit to Egypt and will now travel to the United Arab Emirates, with the countries hosts of COP27 and COP28 respectively.