Tag: egypt news
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Exploring the Controversy Surrounding the $5 Billion Grand Ethiopian Renaissance Dam and Its Impact on Nile River Countries
The Grand Ethiopian Renaissance Dam (GERD), a $5 billion project on the Blue Nile, has become a focal point of tension among Ethiopia, Sudan, and Egypt. Ethiopia’s ambitions for the dam include doubling its electricity output, addressing its energy needs, and exporting power to neighboring countries, which could significantly boost its economy. However, downstream nations,…
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Egypt’s Economic Strain Intensifies Amid $58 Billion New Capital City Project
Egypt is constructing a new administrative capital city 20 miles east of Cairo, a nearly $58 billion project aimed at decongesting the current capital and creating new opportunities. However, amid an economic crisis and significant borrowing, questions arise about the country’s ability to afford the new capital. The project includes a central park, a main…