Egypt bails Jordan out with gas worth $2bn - despite own energy & financial crisis

Egypt bails Jordan out with gas worth $2bn – despite own energy & financial crisis

Middle East Monitor reported that The Egyptian Ambassador to Jordan, Khaled Tharwat, has denied media reports which claim that Egypt intends to reduce the amount of natural gas exported to Jordan prior to cutting off the supply completely by June. In a press statement published by official Jordanian media outlets, Ambassador Tharwat said, “There is...
Controversial Cairo PPP refinery receives $3.7 billion from World Bank, EIB, EFG Hermes

Controversial Cairo PPP refinery receives $3.7 billion from World Bank, EIB, EFG Hermes

A refinery expansion inside urban Cairo is receiving hundreds of dollars in "development" lending, despite a popular campaign against construction. The Mostorod Refinery Project – part-owned by private equity firm Citadel Capital – is situated in Northern Cairo, between Shobra El-Kheima and Mostorod. Opposition to the public-private partnership has focused on forced evictions, pollution and...