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Said Mohamed al-Tayer, Managing director and CEO of Dubai Electricity and Water Authority (DEWA) speaks during a press conference in Dubai on June 2, 2016. Al-Tayer said DEWA intends to build the largest concentrated solar power project in the world that will generate 1,000 megawatts by 2030, A.F.P
Masdar in Talks for $800-Million Loan to Fund Solar Project
A consortium led by Abu Dhabi’s renewable energy company Masdar is aiming to raise an $800 million loan to help fund the building of the 800-megawatt (MW) third phase of Dubai’s solar park, the company’s chief executive told reporters on Monday. The...Caption:
Egypt’s President Abdel Fattah al-Sisi welcomes Saudi Arabia’s King Salman in Cairo, Egypt, in this handout photo received April 7, 2016. REUTERS/Saudi Press Agency/Handout via Reuters
World Bank to Provide Egypt with First Tranche of $3 Billion Loan
The World Bank will deliver the first $1 billion tranche of a $3 billion loan to Egypt after parliament approves the government’s economic program, World Bank vice president Hafez Ghanem said at a news conference late Tuesday, assuring that the loan will not be...Caption:
Egyptian army armoured personnel carriers (APC) are stationed outside the Kingdom of Saudi Arabia embasy on August 19, 2013 in Cairo. (AFP PHOTO/GIANLUIGI GUERCIA)
With Gulf aid, Egypt economy can limp through crisis
Cairo, Reuters—Egypt’s political crisis has dealt a blow to any hopes for a quick economic recovery, but aid from its Gulf allies is likely to prevent a financial collapse. Clashes between followers of deposed Islamist President Mohamed Mursi and security forces...Caption:
A man walks past a bread stand at a street corner in central Cairo April 11, 2013. (REUTERS/Asmaa Waguih)