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Egypt makes great strides toward green economy

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By Mahmoud Fouly, Abdel-Meguid Kamal (Xinhua)

Egypt has made great strides in implementing its national strategy on green economy and is expanding its investments to carry out eco-friendly projects to improve the quality of life for its citizens, according to economic experts.

The North African country is currently implementing a series of green and environment-friendly projects in the sectors of energy, electricity, transportation, water, sanitation and irrigation.

Photo taken on March 18, 2019 shows a view of TBEA solar power station at the Benban Solar Energy Park in Egypt’s southern province of Aswan, March 18, 2019. (Xinhua/Ahmed Gomaa)

The projects include the Benban Solar Park, a complex of solar power stations in Upper Egypt’s province of Aswan, which has recently been inaugurated by Egyptian President Abdel-Fattah al-Sisi.

Egypt’s green projects in these sectors amounted to 30 percent of the state budget allocation for investments during the current fiscal year that ends in late June 2022, according to Minister of Planning and Economic Development Hala Al-Saeed.

The government seeks to raise the percentage of green projects to 50 percent of the budget allocated for investments in 2024.

“The Egyptian strategy for the transition to a green economy is part of Egypt’s 2030 strategy, as the implementation of projects under green economy regulations guarantees better financing opportunities for them from international institutions, and also improves Egypt’s rating in relevant indicators,” Egyptian economist Walid Gaballah told Xinhua.

Gaballah, also a member of the Egyptian Society for Political Economy, Statistics and Legislation, added that green projects have become a tangible reality in Egypt that citizens are following and talking about, such as the projects of Benban solar power plant, the electric trains, the natural gas-fueled cars and others.

“Increasing the percentage of green public investments this much reflects the country’s determination to achieve the requirements of its transition to green economy and motivate the private sector to go in the same direction, with an eye on becoming a pioneer in green economy in the region,” the expert said.

Egypt launched its national strategy on green economy in April 2016 during the African Ministerial Conference on Environment held in Cairo, and the Egyptian government vowed that the environment was one of the cornerstones of Egypt’s 2030 strategy.

The country’s strategy for a gradual transition to a green economy was launched in partnership with the United Nations Environment Program and the Center for Environment and Development for the Arab Region and Europe.

“Egypt has made great strides in the field of green economy and is in the process of transferring its government to a new green administrative capital city that implements all the requirements of green transformation,” Gaballah said.

The Egyptian government has already held its first meeting with its full body at the newly built administrative capital city east of Cairo in late December 2021 as part of the gradual relocation of government offices to the new capital.

Photo taken on Nov. 13, 2021 shows the closing plenary of the 26th session of the Conference of the Parties (COP26) to the United Nations Framework Convention on Climate Change in Glasgow, the United Kingdom. (Xinhua/Han Yan)

Egypt’s Red Sea resort city of Sharm El-Sheikh will host in November the 27th edition of the UN climate change conference (COP27) as announced by the international organization during COP26 in Glasgow in November 2021.

Experts believe the summit will be an opportunity to promote Egypt’s green projects and attract more green investments to the country, which will boost the Egyptian transition to green economy.

“Egypt has been chosen to host COP27 due to its efforts environment-related issues. This will certainly enhance its orientation towards a green economy,” said Egyptian economic expert Karim Al-Omda.

Al-Omda, a lecturer at the Arab Academy for Science, Technology and Maritime Transport, pointed out that the energy sector is the most investment-attractive in Egypt, noting that the country seeks to gradually cover 42 percent of its needs of electricity through renewable energy sources by 2035, compared to 20 percent at present.

“Egypt is following a strategy of transition to green economy because it represents the future,” the expert told Xinhua.

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Fushidhiggaru project ongoing, will finish on time: Government

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The Maldives government on Sunday assured Fushidhiggaru reclamation project, a key initiative under the vision of President Dr. Mohamed Muizzu, has not stalled and would be completed on the scheduled date.

President’s Office Chief Spokesperson Heena Waleed confirmed this on Sunday at a press conference, while providing details on other government initiatives.

The state has responded about the large-scale development project amid speculation in social media and by political opponents, claiming the initiative has stalled.

In response, Heena highlighted that the sand dredging in the project is currently on pause, stressing this was not indicative of the entire project being halted.

“I would like to ask, if they gauge the ongoing status of a capacity based on whether sand dredging is ongoing or not. Although sand dredging has stopped, there would be several other associated components of the project that requires attention and execution,” Heena commented.

She further said the project requires administrative and other work, all of which, she added, were ongoing.

“In response, I would like to reply that the Fushidhiggaru project has not stalled, it is ongoing. The project would conclude as per the scheduled date announced by the President,” she said.

Under the large-scale development project, 1,153 hectares of land will be reclaimed, which is thrice the combined size of Hulhumale’ Phase I and II.

The iniatiative commenced officially on December 18, 2023 while the Maldives President assured the reclamation component will conclude within eight months from the date of commencement.

Source(s): sun.mv

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Efforts underway to submit new laws to Parliament

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Chief Spokesperson at the President’s Office Heena Waleed has stated that efforts are underway to complete the administrative preparations for introducing new laws and amendments to the Parliament, with the government achieving a super majority in the parliamentary elections.

Heena stated there are several crucial laws to be presented to Parliament under the government’s week-14 legislative agenda. As such, laws relating to housing, the criminal justice system, social security are to be submitted. On this stance, Heena affirmed that the laws and amendments which have been stalled in the committee phase will be given a top priority to be implemented by the end of President Dr. Mohamed Muizzu’s tenure.

Furthermore, Heena revealed that over 200 laws are to be implemented, aiming to fulfill President Dr. Muizzu’s commitment outlined in the government’s manifesto. She assured that the elected Parliament will play a significant role as their views align with that of the president.

Observing that the government attained a super majority during the parliamentary elcetions was due to the unwavering trust in President Dr. Muizzu, Heena affirmed that this advantage will not be exploited. She guaranteed that the super majority will assist the government in implementing and enforcing policies that will benefit the public as per the respective policies.

Source(s): PsmNews

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Islamic Minister discusses expanding Zakat House

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Minister of Islamic Affairs Dr. Mohamed Shaheem Ali Saeed has met with the Director General of Zakat House Director Dr. Majid Sulaiman Al-Azimi to discuss upgrading the Maldives Zakat House.

The minister confirmed this via X (formerly Twitter), highligting that the two discussed about expanding the services of the Zakat House, including staff and Sharia Board training, and the legal requirements of Zakat recipients.

Earlier, the minister announced the administration’s plan to introduce a financial aid system to extend aid to orphans permanently. Dr. Shaheem said orphans will receive financial support annually until adulthood.

However, the minister did not specify how much the government intended to provide as financial support each year.

The current administration established the Maldives Zakat House with the objectives of increasing public awareness on the importance of paying Zakat, and foster love among the public towards the Islamic sacred act.

Under the Zakat Fund, government provided financial support to 52 individuals earlier in March 2024.

Statistics recently provided by the Zakat House showed the fund had been disbursed mainly in four areas, which are;

For Cancer Treatment – MVR 190,822.50
Brain Surgery – MVR 180,407.19
Heart Surgery – MVR 8,482.00
Transplants – MVR 25,443.00

Additionally, another MVR 227,872.50 was disbursed for various other areas.

Source(s): sun.mv

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