{"id":80387,"date":"2023-11-02T03:00:53","date_gmt":"2023-11-02T03:00:53","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/11\/02\/today-oman-kicks-off-operations-on-the-first-phase-of-interconnector-project\/"},"modified":"2023-11-02T03:00:53","modified_gmt":"2023-11-02T03:00:53","slug":"today-oman-kicks-off-operations-on-the-first-phase-of-interconnector-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/11\/02\/today-oman-kicks-off-operations-on-the-first-phase-of-interconnector-project\/","title":{"rendered":"TODAY: Oman kicks off operations on the first phase of interconnector project"},"content":{"rendered":"

Good morning, nice people. <\/strong>We have a compact issue for you this morning as we head into the weekend, with a significant update emerging from Oman\u2026<\/p>\n

THE BIG CLIMATE STORY- <\/strong>Oman\u2019s national grid operator The Oman Electricity Transmission Company has kicked off operations on an OMR 372 mn (c. USD 966.4 mn) interconnector project spanning 670 km from the north of the country to the south.<\/p>\n

^^ We have the details on this story and more in the news well, below.<\/strong><\/p>\n

THE BIG CLIMATE STORY OUTSIDE THE REGION- King Charles will deliver COP28\u2019s opening address:<\/strong> King Charles has accepted UAE President Mohamed Al-Nahyan\u2019s invite to COP28 and will be delivering the opening speech for the climate summit this month, according to a Buckingham Palace statement<\/a> released yesterday. The British monarch \u2013 who has been a climate advocate for over five decades<\/a> \u2014 previously delivered the opening address at COP26 in Glasgow and COP21 in Paris. King Charles will also attend a reception to kickoff the inaugural COP28 Business and Philanthropy Climate Forum.<\/p>\n

The news made headlines in the international press:<\/strong> Reuters<\/a> | The Guardian<\/a> | CNN<\/a> | Bloomberg<\/a><\/p>\n

\n

<\/a>OVER IN COPLAND- Biden a no-show at COP28? <\/strong>US President Joe Biden is unlikely to attend the COP28 climate summit launching in the UAE at the end of this month, Reuters<\/a> reports, citing two US officials and a third source briefed on the event's planning. However, the sources stressed that the US president\u2019s schedule should not be considered final until it is officially announced. Biden attended both COP26 and COP27, but announced his attendance to the latter just two weeks prior to the event.<\/p>\n

What\u2019s the hold-up?<\/strong> Biden\u2019s advisors are weighing up the president\u2019s priorities at a time where the country is heavily involved in the events unfolding in the Middle East, grappling with a Republican-controlled House of Representatives over federal spending, and working on an upcoming presidential campaign expected to heat up in January, Reuters writes.<\/p>\n

A no-show could lose Biden votes: <\/strong>If Biden decides to skip the climate summit, he may be missing out on a chance to win votes from the US\u2019 young and liberal demographic \u2014 who consider the climate change issue a top national priority \u2014 at the upcoming 2024 presidential elections. Biden\u2019s absence would also mean a missed opportunity to meet with Arab and world leaders to discuss the war in Gaza, especially after a planned summit in Jordan was canceled this month.<\/p>\n

\n

WATCH THIS SPACE- ISA supports African renewables projects: <\/strong>India-led International Solar Alliance (ISA) is set to extend a USD 35 mn financing package supporting solar energy projects, mainly in Africa, ABC News<\/a> reports. The financing package \u2014 which will reportedly see India contribute USD 25 mn and the ISA itself channel USD 10 mn \u2014 would mainly support the development of mini grids and rooftop installations, the news outlet quotes ISA Director General Ajay Mathur as saying. Beneficiaries of the program from our neck of the woods are likely member countries<\/a> Sudan, Egypt, and Tunisia. The ISA previously said<\/a> it aims to raise USD 100 mn for a solar financing program that would act as a payment guarantee mechanism to spur investments in solar energy in Africa. ISA president R. K. Singh said Africa \u201chas not been able to leverage its [solar power] potential\u201d due to a lack of investments, according to ABC News.<\/p>\n

\n

HELP SUPPORT GAZANS-<\/strong><\/p>\n

Want to support relief efforts in Gaza, but don\u2019t know how?<\/strong> We\u2019ve got you. More than a mn people in Gaza have been thrown from their homes and every human being there lacks access to food, water, and fuel amid the most intense bombardment any population has endured this century. The charities we\u2019re listing below are Egyptian organizations working on Gaza relief that we think you can trust if you want to make a donation.<\/p>\n

#1- Egyptian Red Crescent Society<\/strong> is one of the nation\u2019s leading providers of humanitarian and emergency medical services. The Egypt Red Crescent accepts donations in EGP online<\/a> and is on Fawry with the service code 99981. You can also donate to the organization through this Banque du Caire account: 49\/403\/30 (EGP) or 1065\/601\/30 (USD \u2014 code: BCAIEGCX030).<\/p>\n

#2- Egyptian Food Bank:<\/strong> The food bank has launched \u201cAid Gaza,\u201d a hunger-relief campaign to supply essential food items to the people of Gaza. You can make an online donation<\/a> through EFB\u2019s website or the unified bank account number 888777 at every bank in Egypt. Do you live abroad? The EFB has a list of its verified accounts at major institutions (along with account numbers) here<\/a>.<\/p>\n

#3- The Mersal Foundation<\/strong> is a non-profit medical organization running medical aid convoys to Gaza. It is on Fawry using service code 9200 or you can donate through its EGP accounts at major national banks including CIB (100034654454), Banque Misr (5450001000003297), Emirates NBD (1019409332701), National Bank of Egypt (1953071376769426268), AAIB (1015996610010201), QNB (7352031181714268). The group lists other ways you can donate<\/a> on its Facebook page.<\/p>\n

#4- Lifemakers:<\/strong> The NGO, which has a record of providing medical, educational and social care services to Palestinians, has been helping to prepare aid convoys ahead of dispatch to deliver food, medical supplies, water, blankets, clothing, and other essentials to the besieged Gaza strip since the outbreak of the Israel-Hamas war. Donate through the foundation\u2019s website<\/a> or use Fawry code 950. Lifemakers also accepts donations for Gaza relief in EGP via CIB (account 100034226827) and NBE (0773070478998401017).<\/p>\n

\n
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The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

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YOU\u2019RE READING ENTERPRISE CLIMATE, the essential regional publication for senior execs who care about the world\u2019s most important industry. <\/strong>Enterprise Climate covers everything from finance and tech to regulation, products and policy across the Middle East and North Africa. In a nod to the growing geographical ambitions of companies in our corner of the world, we also include an overview of the big trends and data points in nearby countries, including Africa and southern Europe.<\/p>\n

Enterprise Climate is published by 5am CLT \/ 5am Riyadh \/ 6am UAE Monday through Thursday by Enterprise<\/strong>, the folks who bring you Enterprise Egypt, your essential 6am and 3pm read on business, finance, policy and economy in Egypt and emerging markets.<\/p>\n

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CIRCLE YOUR CALENDAR- <\/strong><\/p>\n

Turkey will host the <\/strong>GCC-T\u00fcrkiye Economic Forum<\/a><\/strong> from Saturday 11 November <\/strong>to Monday, 13 November <\/strong>in Istanbul. The forum aims to bring together key ministers and state officials from the Gulf countries and Turkey to explore areas of potential investments and commercial ties and to establish a network for joint projects in the energy, defense, banking, retail, and transportation sectors. The event is organized by the Gulf Research Center and Turkey\u2019s International Cooperation Platform.<\/p>\n

The UAE will host the <\/strong>MENA Solar<\/a><\/strong>Conference<\/a><\/strong> from Wednesday, 15 November to Saturday, 18 November <\/strong>in Dubai. The event will focus on all things photovoltaic, with a full programme on PV materials and devices, future technologies, PV reliability, and forecasting for performance assessment. The conference will also touch on how developments in system operations, concentrated solar power, and grid integration are necessary for the green transition. This will be the first scientific and technical conference specializing in solar energy systems in the region.<\/p>\n

The UAE will host the <\/strong>Aviation and Alternative Fuels conference<\/a><\/strong> from Monday, 20 <\/strong>November to Friday, 24 November<\/strong> in Dubai. The event will bring together senior government officials and international organizations to assess progress in the development and deployment of sustainable aviation fuels (SAFs) and lower-carbon aviation fuel (LCAF) measured according to the targets outlined in the 2050 Vision for SAF, agreed upon at the last Aviation and Alternative Fuels conference in 2017.<\/p>\n

The UAE will host the <\/strong>Abu Dhabi Finance Week (ADFW)<\/a><\/strong> from Monday, 27 <\/strong>November to Thursday, 30 November<\/strong> in Abu Dhabi. The event will gather government officials, banks, financial institutions, and VCs to delve into today\u2019s economic, technological, and sustainability conversations.<\/p>\n

Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, nice people. We have a compact issue for you this morning as we head into the weekend, with a significant update emerging from Oman\u2026 THE BIG CLIMATE STORY- Oman\u2019s national grid operator The Oman Electricity Transmission Company has kicked off operations on an OMR 372 mn (c. 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