Suez Canal expects US$3.5 billion in revenues in H1
Egypt’s Suez Canal EZ signed initial agreement with Germany’s H2-Industries to build US$4 billion waste-to-hydrogen facility at greenfield site in...
Energy
UAE and Egypt’s consortium to buy African renewables firm Lekela Power
A consortium of UAE-based Masdar and Egypt’s Infinity Energy has planned to buy a majority stake in Lekela Power from...
Fitch revises Saudi Aramco’s outlook to positive from stable
Fitch Ratings has revised the outlook on the world's largest oil producer, Saudi Aramco, to positive from stable, following a...
Investments in renewables in Egypt reach LE6 bn: Official
Total investments tapped in renewable energy projects that were added this year reached nearly L.E. 6 billion including governmental and...
Egypt signs 8 gas exploration contracts worth $934mn over 15 months
The Ministry of Petroleum and Mineral Resources announced that five gas exploration contracts were signed in FY2019/2020, and three others...
JGC lands $3.7bn Iraq refinery upgradation project deal
JGC Corporation, a global engineering company headquartered in Japan, said it has secured a contract for the upgradation of a...
Tadweer opens phase 2 of solar power plant at Al Dhafra
The Abu Dhabi Waste Management Center (Tadweer) announced the opening of the second phase of the solar power plant project...
France to help Iraq generate electricity, will invest in education, science: Macron
France is “serious” in helping Iraq to generate electricity and will invest more in Iraqi infrastructure, French President Emmanuel Macron...
Acwa Power inks finance deals for 900MW Dubai solar park
Acwa Power, a Saudi developer, investor, and operator of power generation and desalinated water plants, has completed the signing of...
Oman issues RFP to bidders for 1GW renewable energy project
Oman Power and Water Procurement Company (OPWP) has announced that request for proposals has been issued to all prequalified bidders...
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