High participation in the taxi substitution project   13/7/2009
Dr. Youssef Boutros Ghali, the minister of finance, stated that the bank approvals on the taxi project's loans increased to 14.331 vehicles since the beginning of the project in April 2009 until the current month. He also stated that the taxi producer companies already delivered 4263 taxis with an increase of 99% in comparison with the deliveries in May. In the next days 1693 taxis .... ...

President Mubarak speaks to G8 on facing Climate Change   9/7/2009
Mubarak calls for increasing aid to developing nations President Hosni Mubarak, on the second day of the G8 summit in the Italian town of L'Aquila, reviewed Egypt's views on the need that advanced nations have to participate with the developing countries in facing the repercussions of the global economic crisis. Mubarak also called on developed countries to offer technical .... ...

First batch of REMENA Master course starts   1/7/2009
The first group of students in the MENA German Renewable Energy Master Programm met today at Cairo University with Faculty and Organsizers to start the prepaparory courses. Prof Adel Khalil from Cairo University and officials from University Kassel welcomed the students from Syria, Palastine, Egypt and Germany who incorporate the first batch of the 2 year intercultural Master programm .... ...

20% of the fiscal spending will be on subsidies   30/6/2009
Egypt’s finance minister said he predicts that the country will spend LE 323.9 billion in the 2009/10 fiscal year, which begins today, and incur a deficit of LE 98.9 billion. Finance Minister Youssef Boutros-Ghali said Egypt will take in LE 225 billion in revenue over the next 12 months, down from LE 290 billion in fiscal year 2008/09. Accordingly, the government has cut expenditures .... ...

Egypt urges international community to use renewable energy sources   29/6/2009
The 2nd Preparatory conference of the International Renewable Energy Agency (IRENA) kicked off in the Egyptian Red Sea resort of Sharm El-Sheikh on Monday 29/6/2009. Delegations from 129 countries are taking part in the two- day conference. Addressing the opening session, Electricity Minister Hassan Younis stressed Egypt's keenness on a wider use of renewable energy sources. .... ...

IRENA agrees on a three-way solution to the headquarters question   29/6/2009
A joint solution has been found to the competition between Germany, the United Arab Emirates (UAE) and Austria to host the headquarters of the new International Renewable Energy Agency (IRENA). Abu Dhabi will host the IRENA headquarters, Bonn will accommodate the centre of technology and innovation, and a liaison office in Vienna will facilitate contacts in the field of energy to UN .... ...

EU climate and energy package enters into force   25/6/2009
Today a far-reaching package of measures enters into force that will deliver on the European Union's ambitious commitments to fight climate change and promote renewable energy up to 2020 and Tbeyond. The "Climate action and renewable energy package" sets out the contribution expected from each Member State to meeting these targets and proposes a series of measures to help achieve .... ...

Egypt presides the IRENA prep conference   23/6/2009
Egypt is heading the second preparatory meeting for IRENA hosted by Sharm El Sheikh City next Monday and Tuesday. It is expected that more than 100 countries, that signed the preparatory agreement, will be participating in this event under the chairmanship of H.E Dr. Hassan Younis, minister of Electricity and Energy. Egypt is presented in this event by a high level delegation from .... ...

Egypt public sector companies agree to settle electricity debts   22/6/2009
Dr. Hassan Younis, Minister of Electricity and Energy, confirmed that an agreement was reached between the electricity distribution companies and the Public sector companies, in order to pay the 1 billion and 550 million pounds electricity debts of the Public Sector Companies incured until March 2009 . In his meeting with Mohi El Din, Minister of Investment, Dr. Younis discussed .... ...

Start of RE electric car pilot program in Berlin   22/6/2009
In Berlin, Federal Environment Minister Gabriel gave the starting signal for the first pilot fleet of cars powered by renewables supplied by Vattenfall. 50 BMW MINI-E cars were handed over to users selected from 700 applicants who will run the cars under normal conditions monitored in a research program. Electricity from renewable energy is considered as one potential answer in .... ...