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Apache to invest USD 1.4 bn in Egypt in 2024. PLUS: Cairo International Airport Terminal 4, another GASC wheat tender + new solar tender
The US oil company is interested in exploring for gas in the Eastern Mediterranean
Hydrogen Egypt wants to work with China’s Peric to locally-produce electrolysers
Electrolysers are key components for green hydrogen plants
Banque Misr’s MDI applies for digital banking license. PLUS: Cairo Metro Line 3, B.TECH + outsourcing
MDI is the first company to apply for a digital banking license
Gov’t seeks higher price for Gabal El Zeit wind farm
The government is in talks with private equity firm Actis to sell the plant
British tourists are flocking to Egypt in search of sun
The weaker EGP is pulling in more tourists looking for cheap holiday destinations
Ocior Energy to build USD 4 bn green hydrogen plant in SCZone
The plant will take 5-6 years to build, with expected revenues of USD 1 bn annually
Another green hydrogen plant in the works?
An unnamed foreign firm wants to produce green hydrogen here for export to Europe
What’s the environmental cost of desalination?
Desalination needs a lot of energy and produces a lot of wastewater
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