Emirates’ Masdar Signs Deal To Develop Suez Canal Green Hydrogen Project in Egypt, Leads Consortium
The Emirates consortium heralded by Masdar had signed two Memorandums of Understanding (MoU) in April with ...
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Elsewedy Electric partners with ReNew Power to initiate the establishment of a green hydrogen powerplant in the Suez Canal Economic Zone with $8 billion investment
As per the agreement between Elsewedy Electric and ReNew Power, will be implemented in phases, starting ...
Energy Industry Struggles from Suez Canal Blockage by Container Ship
The Suez Canal, which connects markets from Europe to Asia, sends ripples through the energy industry ...
Egyptian Suez Canal Bank withdraws from MIDOR, sells stake at $30.6mn
Egypt’s Suez Canal Bank has come to a decision to sell its full stake in Middle East ...
IMF Commends Egypt’s Economic Progress But Advises A Wider Tax Base
Egypt was forced to seek assistance from the IMF last year after being plagued with high ...
IMF Downgrades MENA Growth Forecasts Due to Gaza Conflict, Lower Oil Output
The fund projects that if the Israel-Gaza conflict slows down in Q1 2024, then the growth ...
Red Sea Crisis Can Hammer the Global Economy
Houthis, an Iran-backed militia in the Red Sea, are continuously attacking one of the world’s busiest ...
Major Firms Halt Red Sea Shipping, Global Trade Faces Disruption
In a development with far-reaching economic implications, major shipping companies have made the unprecedented move of ...
Egypt to Build 21 Desalination Plants to Relieve Pressure off the Nile
The entire freshwater source for Egypt is the Nile river, and the colossal dependency on the ...
Masdar enters Turkmenistan with a 100 MW solar photovoltaic plant agreement
Masdar and Turkmenistan government signed a Memorandum of Understanding earlier in October 2021 to delve into ...
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