(IN BRIEF) The EBRD is providing a US$ 30 million equity bridge loan to Scatec ASA’s Obelisk Solar Power project in Egypt. The loan will finance the construction of a 1 GWac solar plant and 200 MWh battery storage system … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities
Tagged and Energy, Battery Energy Storage System (BESS), battery storage, clean energy future, CO2 emissions reduction, COP27, EBRD, EGYPT, energy transition, environmental sustainability, FOOD, Green Energy, Nagaa Hammadi, Nexus on Water, renewable energy, renewable energy hub, Scatec ASA, solar power, US$ 30 million loan
(IN BRIEF) BP p.l.c. has issued a Trading Statement outlining its current estimates and expectations for the first quarter of 2025, with insights into the economic environment and group performance. The statement clarifies that while it provides key guidance, it … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, United Kingdom
Tagged BP, bp p.l.c., bp RMM, Brent crude, customers & products, divestments, effective tax rate, EGYPT, financial reporting, gas & low carbon energy, Henry Hub, low carbon energy, Net debt, oil production, Q1 2025 guidance, Q1 results, refining margins, trading conditions, trading statement, Trinidad, upstream production, working capital
(IN BRIEF) In a major move for energy cooperation, TotalEnergies and ENI have signed a Host Government Agreement (HGA) with Egypt and Cyprus, paving the way for the development of the Cronos gas field in Cyprus offshore Block 6. The … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Abdel Fattah El-Sisi, Cronos Development and Production Plan, Cronos gas field, Cyprus, Cyprus offshore Block 6, Damietta LNG plant, EGYPT, Egypt Energy Show, energy cooperation, energy security, Eni, Europe, exploration and production, gas processing, George Papanastasiou, Host Government Agreement, Julien Pouget, Karim Badawi, LNG capacity, LNG exports, Níkos Christodoulídis, partnership, sustainability, TotalEnergies, Zohr facilities
(IN BRIEF) ABL, a global energy and marine consultancy, has partnered with the Egyptian Holding Company for Airports and Air Navigation (EHCAAN) to advance carbon reduction efforts within Egypt’s aviation industry. The MoU, signed on February 3, 2025, focuses on … Read the full press release
Posted in Aviation & Aerospace, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Management, News, Technology, Transportation & Logistics, United Kingdom
Tagged ABL, ABL Group, aviation sector, carbon credits, carbon reduction initiatives, COP27, decarbonization, EGPC, EGYPES 2025, EGYPT, Egyptian Holding Company for Airports and Air Navigation, EHCAAN, energy efficiency, energy transition, hydrogen, Longitude, MoU, net-zero emissions, OWC, partnership, renewable energy, Solar PV, sustainability, sustainable aviation, Tamer Gamil, technology transfer
(IN BRIEF) The University of Exeter has formed a transformative partnership with Ain Shams University in Cairo to establish the first-ever Russell Group branch campus in Africa. This collaboration will offer globally accredited programs, including undergraduate and postgraduate degrees, and … Read the full press release
Posted in Business, Education, Financial, Government, Industrial, Investment, Management, News, Science, Technology, United Kingdom
Tagged academic collaboration, Africa, Ain Shams University, branch campus, Cairo, cultural exchange, dual degree options, EGYPT, Egypt Vision 2030, faculty exchange, Gareth Bayley, global challenges, higher education reform, Interdisciplinary Education, job market, MoU, partnership, postgraduate programs, professional development, Professor Lisa Roberts, Professor Mohamed Ayman Ashour, research initiatives, Russell Group, skill gaps, student exchange, UK, undergraduate programs, University of Exeter
(IN BRIEF) GEA has supplied six advanced biosolids Decanter prime 8000 dewatering units to Egypt’s West Delta Wastewater Treatment Plant, the world’s largest facility of its kind. Located near Cairo, the plant treats up to 7.5 million cubic meters of … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Decanter Technology, EGYPT, energy-efficient, GEA, H.E. Hani Sewilan, Karim Youssef, partnership, Sunil Kumar, sustainability, Wastewater Treatment Facility
(IN BRIEF) Bilfinger has been awarded a significant Project Management and Consultancy contract by Egyptian Chemical Industries (KIMA) to manage the construction of a new chemical and fertilizer plant in Aswan, Egypt. The facility will produce 600 tons of nitric … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Bilfinger, Chemical Egyptian Chemical Industries (KIMA), Christian Rugland, construction, EGYPT, Fertilizer Plant, partnership, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are providing a $20 million loan to Crédit Agricole Egypt to support small businesses and green investments. This loan includes $3 million of concessional … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged Credit Agricole, Crédit Agricole Egypt, EBRD, EGYPT, Green Climate Fund (GCF), Heike Harmgart, investments, Jean-Pierre Trinelle, partnership, small businesses, sustainability
(IN BRIEF) Scatec ASA, in collaboration with ECHEM and MOPCO, has finalized a Heads of Terms agreement with Yara Clean Ammonia to secure the offtake of renewable ammonia produced in Egypt. The project involves developing up to 480 MW of … Read the full press release
Posted in Banks, Business, Chemicals, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Norway
Tagged ammonia, EGYPT, Egyptian Petrochemicals Holding Company (ECHEM), EIB, Eng. Ahmed Mahmoud El-Sayed, Eng. Ibrahim Mekki, Gelsomina Vigliotti, H.E. Tarek El Molla, Hans Olav Raen, Misr Fertilizers Production Company (MOPCO), partnership, Scatec ASA, sustainability, Terje Pilskog, Yara, Yara Clean Ammonia
(IN BRIEF) The European Investment Bank (EIB) has pledged support for a new $350 million regional private sector investment fund managed by SPE Capital, focusing on Egypt, Tunisia, and Morocco. Aimed at fostering growth in key sectors like healthcare and … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged EGYPT, EIB, Gelsomina Vigliotti, H.E. Dr. Rania A. Al-Mashat, Nabil Triki, North Africa, partnership, SMEs, SPE Capital, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) collaborates with Meridiam and Hassan Allam Utilities (HAU) to establish HAU Energy BV, a platform aimed at investing in renewable energy projects primarily in Egypt and potentially across Africa. This … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Africa, Amr Allam, EBRD, EGYPT, Hassan Allam Utilities, Meridiam, Nandita Parshad, partnership, renewable energy, sustainability, Thierry Déau
(IN BRIEF) A research program led by the University of East Anglia (UEA) has quantified how climate change risks increase at a national scale with rising global temperatures. Focusing on six countries including Brazil, China, Egypt, Ethiopia, Ghana, and India, … Read the full press release
Posted in Education, Energy, Gas & Oil, Environment, Science, Technology, United Kingdom
Tagged Brazil, CHINA, Climate Change Risks, Climate Risk, Climatic Change, declines in crop yields, Dr Jeff Price, drought, EGYPT, ETHIOPIA, flooding, GHANA, global warming, INDIA, loss of biodiversity, Prof Rachel Warren, RESEARCH, UEA, University of East Anglia
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a financing package of US$50 million (€46 million) for Banque du Caire (BDC), a prominent Egyptian bank, aimed at bolstering support for micro, small, and medium-sized enterprises (MSMEs) … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged Banque du Caire, EBRD, EGYPT, Jürgen Rigterink, MSMEs, partnership, sustainability, Tarek Fayed, women entrepreneurs
(IN BRIEF) Credit Suisse AG, UBS Switzerland AG, and other Swiss banks have collectively increased their financing commitment to the Cotton, Spinning, Weaving & Garment Holding Co in Cairo, Egypt, to EUR 375 million as part of the country’s textile … Read the full press release
(IN BRIEF) An international consortium of institutions is lending vital support to the development of a second container terminal at Damietta Port in Egypt, a project set to triple the port’s container capacity and enhance its competitiveness. The project is … Read the full press release
(IN BRIEF) Hassan Allam Construction, a prominent engineering and investment group in Egypt and the MENA region, is entering into a strategic collaboration with Thales to accelerate the adoption of Thales’s Smart Digital Platform (SDP) in the region. Under this … Read the full press release
Posted in Business, Construction, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged EGYPT, Hassan Allam Construction, Makrem Dridi, MENA Region, partnership, Said Mohamed El Dahshoury, Smart Digital Platform, sustainability, Thales
(IN BRIEF) Alstom, a global leader in sustainable mobility solutions, is partnering with the Faculty of Fine Arts at Helwan University as part of its participation in the TransMEA Expo. This innovative collaboration merges artistry and public engagement to imagine … Read the full press release
Posted in Art & Culture, Business, Education, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, Media, News, Technology, Transportation & Logistics
Tagged Alstom, art, artistry, EGYPT, Faculty of Fine Arts, Helwan University, mobility, partnership, Ramy Salah, sustainability, TransMEA Expo, transportation
(IN BRIEF) International technology group ANDRITZ is set to deliver a complete fiber preparation line for a groundbreaking greenfield plant in Egypt’s Toshka region. This pioneering facility, supported by ANDRITZ in partnership with WESER Industrie- und Anlagentechnik GmbH and DIEFFENBACHER … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering Egypt’s agribusiness sector with a $20 million loan to Afia International, a prominent manufacturer of edible vegetable oils and ghee in the country. This financing will primarily support … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Afia International, agribusiness, EBRD, EGYPT, ghee, partnership, Savola Group, sustainability, vegetable oils
(IN BRIEF) The Egyptian Electricity Transmission Company (EETC) has chosen AFRY to conduct a crucial system study to facilitate the rapid expansion of Egypt’s national transmission grid. The study’s focus is on addressing challenges arising from the increased integration of … Read the full press release
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