The World Bank

  • World Bank Supports Egypt’s Push to Be Regional Energy Hub

    World Bank Supports Egypt’s Push to Be Regional Energy Hub

    Tuesday, 9th November 2021

    In a meeting with two delegations from the World Bank, Minister of Petroleum and Mineral Resources Tarek El Molla stated that the World Bank’s participation in the East Mediterranean Gas Forum (EMGF) as an observer is instrumental in pushing Egypt towards being a regional hub for energy.

  • Saudi Aramco to Reduce Gas Flaring to Zero by 2030

    Saudi Aramco to Reduce Gas Flaring to Zero by 2030

    Thursday, 7th November 2019

    Saudi Aramco announced that it was joining the World Bank (WB)'s initiative to reduce gas flaring to zero by 2030, noting that its flaring was already less than 1% of its total raw gas production in the first half of 2019, Zawya reported on November 6.

  • Electricity Ministry Participates in Energy Trade Conference

    Electricity Ministry Participates in Energy Trade Conference

    Thursday, 7th November 2019

    The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, participated in the first Pan-Arab Energy Trade Conference, held on November 6 & 7, 2019.

  • Egypt Seeks WB Financing for Micro-Buses Replacement Project

    Egypt Seeks WB Financing for Micro-Buses Replacement Project

    Thursday, 17th October 2019

    Egypt’s Prime Minister, Moustafa Madbouly, has praised the existing cooperation with the World Bank (WB) during his meeting with WB President, David R. Malpass, in Washington. The meeting was also attended by the Minister of Investment and International Cooperation, the Minister of Petroleum, the Minister of Finance, the Minister of Trade and Industry, and Egypt's ambassador to the US, citing a governmental statement.

  • IFC, Canada to Invest $76m in Jordan’s Solar Plant

    IFC, Canada to Invest $76m in Jordan’s Solar Plant

    Monday, 26th September 2016
    The International Finance Corporation (IFC) and the government of Canada will provide a $76m financing package for Fotowatio Renewable Ventures (FRV) to build a new 50MW solar Photo Voltaic (PV) power plant in northern Jordan.