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Volkswagen to Provide Technical Assistance to Egypt in East Port Said Automotive Zone

The Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt (TSFE), and the East Port Said Development Company (EPSD) signed an agreement with Volkswagen on 12 November to conduct a feasibility study for the East Port Said Automotive Zone (EPAZ). Under this agreement, Volkswagen will offer technical assistance to the Egyptian parties involved as they ....

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Egypt Rolls Out Tax Incentives for Green Hydrogen Production

Egypt is offering tax exemptions ranging from 33 percent to 55 percent on income generated from green hydrogen projects set to commence production over the next five years, according to Egyptian Minister of Finance Mohamed Maait. Speaking at the Turkish-Arab Economic Forum in Istanbul on Wednesday, 10 November, Maait told attendees that there is an ....

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Stalemate Over Loss and Damage Fund Breaks Days Before COP28 in Dubai

Intense negotiations on the loss and damages fund concluded in Abu Dhabi on Saturday, 4 November, with participants agreeing to designate the World Bank as a temporary host for the fund over the next four years. The fifth meeting of the Transitional Committee, a core group of negotiators representing the interests of both developed and ....

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Asteroid Named After Egyptian Scientist Ramy Al Maarry in Honor of His Contributions

On 24 October, the International Astronomical Union (IAU) has named an asteroid in honor of Mohamed Ramy Al Maarry, an Egyptian associate professor of planetary science and the director of the Space and Planetary Science Centre at Khalifa University of Science and Technology. Asteroid 2002 CZ is now called Al Maarry (357148) in honor of ....

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El-Dabaa: Egypt's First Ever Nuclear Power Plant

An increasing demand for energy and electricity due to a continuously growing population, insufficient primary energy sources, and limited potable water resources are only some of the reasons Egypt embarked on a journey to establish its first nuclear energy plant: El-Dabaa Nuclear Power Plant. As the name suggests, El-Dabaa Nuclear Power Plant is being built ....

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