Category: ECONOMY
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Egyptian Nemat Shafik Becomes First Female Director of London School of Economics
Egypt-born Dame Nemat Shafik is set to become the first woman to run the London School of Economics and Political Science (LSE), replacing American sociologist Craig Calhoun. Dr Shafik will leave her role as a deputy governor of the Bank of England in February 2017 to lead the LSE as Director starting from September 2017.…
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Egypt’s first ever solar-generated electricity plant opening this month
Renewable energy pioneers in Egypt, KarmSolar, will officially be launching the country’s first solar-powered electricity station this month, according to Daily News Egypt. On the 25th of September, the plant is set to open and its launch is expected to save up to 600,000 liters of diesel anually, according to CEO Ahmed Zahran. Additionally, it…
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Cypriot Foreign Minister to Asharq Al-Awsat: Riyadh is the Key to the Region
The Cypriot Minister of Foreign Affairs Ioannis Kasoulidis spoke to Asharq Al-Awsat for more than an hour and a half about the good relations between his country and the Arab region. He also touched on his meeting with President Abdel Fattah El-Sisi last month during a visit to Cairo in the presence of the Foreign…
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Cyprus-Egypt pipe deal opens door for East Med gas
Cyprus has signed a deal to build a pipeline to supply Egypt with natural gas once production starts from the Aphrodite field located offshore the Mediterranean island. The agreement sets the political framework for additional commercial agreements, Cyprus’ Energy Minister Yiorgos Lakkotrypis and Egypt’s Petroleum Minister Tarek el-Molla said. Asked if this gas will also be exported to Europe…