{"id":87963,"date":"2024-11-13T00:00:00","date_gmt":"2024-11-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/egypt-greenlights-ev-ins-policies-guidelines\/"},"modified":"2024-11-13T00:00:00","modified_gmt":"2024-11-13T00:00:00","slug":"egypt-greenlights-ev-ins-policies-guidelines","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/egypt-greenlights-ev-ins-policies-guidelines\/","title":{"rendered":"Egypt greenlights EV ins. policies guidelines"},"content":{"rendered":"<p class=\"tag-border-left\">EVs-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt\u2019s Financial Regulatory Authority (FRA) approved two guiding<\/strong><strong> documents for ins. policies covering electric vehicles<\/strong> (EVs) for personal and commercial use, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b9%d8%aa%d9%85%d8%af-%d9%88%d8%ab%d8%a7%d8%a6%d9%82-%d8%a7%d9%84%d8%aa%d8%a3%d9%85%d9%8a\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports, citing the Insurance Federation of Egypt\u2019s auto division head, Arabi Al Sayed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The guiding documents see ins. plans covering accidents, repairs, fires, theft, third-party liability, and passenger protection for EV owners \u2014 though only if they follow manufacturer guidelines to avoid issues, such as only using original chargers and safely disposing of damaged batteries. Cyberattacks are excluded from coverage. Each ins. company must get FRA approval before issuing either of the approved policies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">RECYCLING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadweeer + Re to collaborate on recycling: <\/strong>Saudi Arabia\u2019s National Environmental Recycling Co. (Tadweeer) and Dubai-based <a target=\"_blank\" href=\"https:\/\/resustainability.ae\/\" style=\"\" rel=\"noopener\">Re Sustainability Middle East<\/a> signed an MoU to explore jointly establishing metal refineries and recycling units in Saudi Arabia, according to a Tadawul <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=83640&anCat=1&cs=9540&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a>. The collaboration would also include the development of a joint venture company which will be set up later on. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Tadweeer just got a boost: <\/strong>Tadweeer received approval <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dc54e6ce-3ab0-45eb-8127-977c827addd4\/today:-uae-to-tap-into-ai%25e2%2580%2599s-potential-in-energy-transition-%2B-masdar,-adnoc-and-microsoft-partner-on-ai-and-low-carbon-solutions-%2B-saudi-awards-11-mining-licenses\" style=\"\" rel=\"noopener\">last week<\/a> from the Capital Market Authority for its proposal to double the company's capital by issuing bonus shares. The plan \u2014 initially recommended by the board in August \u2014 will capitalize SAR 58.08 mn from retained earnings, providing freeshares to existing shareholders.<\/p>\n<p class=\"tag-border-left\">SOLAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EWA issues 44 MW solar tender: <\/strong>Bahrain\u2019s Electricity and Water Authority issued a call for bids for the engineering, design, supply, installation, testining, and commissioning of a 44 MW-peak solar PV plant for the University of Bahrain, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/utilities\/ewa-invites-bids-for-44-mwp-solar-pv-plant-at-university-of-bahrain-fqs85yhk\" style=\"\" rel=\"noopener\">Zawya Projects<\/a> reports. The plant will generate around 75 GWh of electricity per year using car park solar PV systems. The deadline to submit proposals is 21 November and the chosen contractor will have two years to complete the project. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hyundai Engineering and Construction (E&C) secured a USD 713.9 mn<\/strong><strong> contract from the Saudi Electricity Company for high-voltage transmission lines<\/strong>, Korea\u2019s <a target=\"_blank\" href=\"https:\/\/en.yna.co.kr\/view\/AEN20241112007200320\" style=\"\" rel=\"noopener\">Yonhap<\/a> news agency reports, citing a regulatory filing. The agreement will see Hyundai E&C build out a 369-km section of the 500-kilovolt 1,089-km high-voltage direct current (HVDC) transmission line connecting Riyadh with Kudmi in the southwestern Saudi Arabia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hyundai E&C is doing plenty in Saudi: <\/strong>The engineering firm secured a contract last year to build another HVDC transmission line linking Neom with the southwestern port city of Yanbu. Reports also emerged earlier this year indicating that a Hyundai E&C-led consortium will be working on the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e2e73b8b-ef93-4bcc-a2d9-8d6353e59149\/aramco-awards-over-usd-25-bn-in-contracts-as-it-pushes-deeper-into-natural-gas\" style=\"\" rel=\"noopener\">second phase<\/a> of Aramco\u2019s Jafurah Gas Field in a USD multi-bn contract. Hyundai was also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a7fee148-e6fc-4c0e-a282-274d68a07ad9\" style=\"\" rel=\"noopener\">awarded a USD 145 mn contract<\/a> last year to build a 525 KV HVDC transmission line connecting Saudi Arabia\u2019s net zero city Neom to cities across the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">GREEN CEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A partnership between local cement supplier <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudireadymix.com\/\" style=\"\" rel=\"noopener\">Saudi Readymix<\/a><\/strong><strong> and <\/strong><strong>Finnish tech firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.betolar.com\/\" style=\"\" rel=\"noopener\">Betolar<\/a><\/strong><strong> rolled out two low-emission concrete products<\/strong> for use in Saudi Arabia\u2019s construction sector, according to <a target=\"_blank\" href=\"https:\/\/www.betolar.com\/releases\/saudi-readymix-and-betolar-co-operate-with-low-carbon-concrete-solutions-for-saudi-arabian-market\" style=\"\" rel=\"noopener\">a press release<\/a>. The low-carbon concrete solutions look to bolster the construction sector\u2019s push to contribute to national sustainability goals. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>EVs- Egypt\u2019s Financial Regulatory Authority (FRA) approved two guiding documents for ins. policies covering electric vehicles (EVs) for personal and commercial use, Al Mal reports, citing the Insurance Federation of Egypt\u2019s auto division head, Arabi Al Sayed. The details: The guiding documents see ins. plans covering accidents, repairs, fires, theft, third-party liability, and passenger protection [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":87964,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[67],"tags":[66,82,11,305,159,42,496,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-bahrain","tag-enterpriseclimate","tag-recycling","tag-saudi-arabia","tag-solar-energy","tag-tadweeer","tag-uae","wpautop","entry"],"acf":{"mongo_id":"ae9a6eeb-7d5a-4da3-a91f-28d27999cef4","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1738.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt greenlights EV ins. policies guidelines","related_issue":[87947],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.c1582497-a168-421d-a764-5d6dc93291db.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt greenlights EV ins. policies guidelines - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/egypt-greenlights-ev-ins-policies-guidelines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt greenlights EV ins. policies guidelines\" \/>\n<meta property=\"og:description\" content=\"EVs- Egypt\u2019s Financial Regulatory Authority (FRA) approved two guiding documents for ins. policies covering electric vehicles (EVs) for personal and commercial use, Al Mal reports, citing the Insurance Federation of Egypt\u2019s auto division head, Arabi Al Sayed. 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