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Gov’t sets market controls for seven commodities in bid to tackle hoarding
The decision will be enforced for a 6-month period or until further notice
House committee approves green hydrogen incentive package
The incentives include a series of tax breaks and non-tax benefits for companies implementing green hydrogen projects
Siemens Energy to rehabilitate Aswan’s hydro plants. PLUS: News from the Madbouly government, Gig-Egypt, Delta Steel
ASWAN HIGH DAM , HYDRO PLANTS GETTING AN UPGRADE: German firm Siemens Energy will rehabilitate three hydropower plants at the…
Acwa Power to set up a USD 4 bn green hydrogen plant in SCZone
The project first phase of the project will have a production capacity of 600k tonnes of green ammonia
Egypt’s Green Economy in 2023: A run-down of initiatives, investments, and commitments one year on from COP27
Egypt is aiming to use renewables for 42% of power produced by 2030 and 60% by 2040
El Molla appoints new heads for Enppi and Petrogas
The move was part of a wider shuffle at the Oil Ministry
ADES Holding handed 10-year contract to operate Suez brownfields. PLUS: Beltone Mortgage, Majid Al Futtaim, Sky Investments, EGBank
ADES LANDS SUEZ BROWNFIELDS- A consortium led by the Saudi Public Investment Fund (PIF)-backed ADES Holding was awarded a 10-year…
EFG Hermes eyes USD 300 mn second close for Vortex renewable energy fund
The close could wrap up before the year’s end, bringing the fund’s total size to over USD 500 mn
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