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UAE in talks with Turkey on energy investment as relations thaw
The UAE is in talks with Ankara on investment in Turkey’s energy sector, Turkey’s deputy energy minister told reporters yesterday,…
Evergrande crisis triggers global stock sell-off ahead of Fed meeting
China’s brewing Evergrande crisis is being blamed for a global equity sell-off: Stocks fell in Asia, Europe and the US…
Egypt to soon ink contracts for KSA-linked power network
Egypt is close to signing contracts for a 2 GW electricity transmission network that will link Egypt’s electricity grid to…
Pharos Energy to sell majority stakes in Egypt oil concessions
Pharos Energy has reached a farmout agreement that will see it sell majority stakes in its two Egyptian oil concessions…
Two renewable energy producers want to delay work on their Egypt projects
Global inflation is delaying renewable energy projects in Egypt: Two major Middle Eastern energy companies have recently asked to postpone…
Egyptian gas could be ready to flow to Lebanon in 3 weeks
Egypt could be ready to start pumping natural gas to crisis-stricken Lebanon within the next three weeks, Oil Minister Tarek…
Al Nowais to sell solar license in Benban?
Ten companies are in the running to purchase the Emirati energy firm Al Nowais’ license to operate a solar plant…
NBK Egypt to receive USD 25 mn from EBRD to fund green energy projects
The National Bank of Kuwait in Egypt (NBKE) is set to receive a USD 25 mn loan to fund green…
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