{"id":552300,"date":"2022-08-25T13:48:54","date_gmt":"2022-08-25T13:48:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/this-evening-more-green-hydrogen-investments-coming-all-eyes-are-on-powell-at-jackson-hole\/"},"modified":"2022-08-25T13:48:54","modified_gmt":"2022-08-25T13:48:54","slug":"this-evening-more-green-hydrogen-investments-coming-all-eyes-are-on-powell-at-jackson-hole","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/this-evening-more-green-hydrogen-investments-coming-all-eyes-are-on-powell-at-jackson-hole\/","title":{"rendered":"THIS EVENING: More green hydrogen investments coming + All eyes are on Powell at Jackson Hole"},"content":{"rendered":"<p><strong>Good afternoon, wonderful people.<\/strong> We\u2019ve made it through the last full workweek of August, which is going out with something of a bang on the news front. So much for the summer lull.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Seven int\u2019l firms sign MoUs for green hydrogen plants:<\/strong> Egyptian government agencies signed MoUs today with seven international companies to set up green hydrogen production facilities in Ain Sokhna, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02gXS2apEUrmtR2rfpNUnhR5Fh8i7e6v5855seLK8xX3cjaYxF1XJY8AAYUgQSrPt4l\">cabinet statement<\/a>. The companies include the UK\u2019s Globelec, Saudi Arabia\u2019s Al Fanar, Dubai\u2019s Alcazar Energy, the UAE\u2019s KK Power International, Mediterranean Energy Partners, Indian clean energy company ACME, and private equity firm Actis. The expected investment values of the facilities were not disclosed.<\/p>\n<p><strong>^^We\u2019ll have more<\/strong> on this story and others in Sunday\u2019s edition of <strong>EnterpriseAM<\/strong>.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>It\u2019s a thoroughly mixed bag of nuts in the international business press this afternoon.<\/strong> The <a href=\"https:\/\/www.wsj.com\/livecoverage\/stock-market-news-today-08-25-2022?mod=hp_lead_pos1\">Wall Street Journal<\/a> and <a href=\"https:\/\/www.reuters.com\/markets\/us\/feds-powell-leaves-kid-gloves-behind-he-saddles-up-jackson-hole-2022-08-25\/\">Reuters<\/a> look at market movements and investor expectations ahead of tomorrow\u2019s speech from US Federal Reserve Chairman Jerome Powell at Jackson Hole, while <a href=\"https:\/\/www.cnbc.com\/2022\/08\/25\/sony-raises-price-of-playstation-5-console-due-to-soaring-inflation.html\">CNBC<\/a>\u2019s top story is about inflation forcing Sony to raise the price of its PS5 console.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Is the CBE about to ease import restrictions?<\/strong> Meetings held yesterday by Central Bank Governor Hassan Abdalla and key cabinet members <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f87bd35b-2c1a-4286-a5ab-628ba462b0c7\">have stoked expectations<\/a> in some corners that they may be looking for ways to ease import restrictions that have hobbled everyone from manufacturers to retailers.<\/li>\n<li><strong>Hisham Ezz Al Arab, Mohamed Naguib are advising the new CBE governor:<\/strong> Central Bank of Egypt Acting Governor Hassan Abdalla <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8868e61c-2e6b-46e8-b837-f362709874dd\">has appointed<\/a> banking industry veterans Hisham Ezz Al Arab and Mohamed Naguib as his advisors.<\/li>\n<li><strong>B Investments has been <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8eb54116-946d-4eef-a9f3-89e3604ccb32\">granted an extension<\/a><\/strong><strong> until 15 September<\/strong> to decide whether it will preempt Adnoc\u2019s bid to acquire 50% of TotalEnergies Egypt.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>iSHEEP, Assemble: The launch event for the iPhone 14 will take place on 7 <\/strong><strong>September at 1pm ET (or 7pm CLT)<\/strong>, Apple announced in invitations to journalists yesterday, according to <a href=\"https:\/\/www.theverge.com\/2022\/8\/24\/23310522\/apple-iphone-14-event-announcement-date-time-september-2022\">the Verge<\/a>.<\/p>\n<p><strong>PSA #1- Climate tech entrepreneurs have one month to apply to the global <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a2b863eb-488f-4cbc-9ca3-94b927d4f1f5\">ClimaTech<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a2b863eb-488f-4cbc-9ca3-94b927d4f1f5\">Run<\/a><\/strong><strong> competition: <\/strong>Tech startups that address climate and environmental issues have until 22 September to <a href=\"https:\/\/climatechrun.com\/?fbclid=IwAR0fnMqC5PY-a7GTlm7SsFZoBXUiNGMTSRu7vkGJuUL_e8WUo-dyOJdIxZk\">apply for the competition<\/a>, which offers startups a top award of USD 100k and the chance to present their product at COP27, according to a<a href=\"https:\/\/bit.ly\/3ADjN0O\">cabinet statement<\/a>. The competition is hosted by USAID-backed <a href=\"https:\/\/www.usaid.gov\/egypt\/economic-growth-and-trade\">Business Egypt<\/a> and backed by the international cooperation, environment and communication ministries.<\/p>\n<p><strong>PSA #2- Your deadline to catch a 65% break off late payment fines for your taxes is coming up <\/strong><strong>next Wednesday, 31 August.<\/strong> The waiver applies to late payment fees for customs tariffs, income, real estate, and sales taxes, VAT, and stamp duties among others. The remaining 35% of your due payments will need to be paid before next March.<\/p>\n<p><strong>FURTHER DOWN THE ROAD- Egypt and Tunisia could sign an MoU to cooperate on solar <\/strong><strong>power projects in the next two months<\/strong>, when a Tunisian delegation is expected to visit Egypt, <a href=\"https:\/\/bit.ly\/3CyC0hl\">Al Borsa<\/a> quotes sources in the know as saying.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>It\u2019s going to be a sunny \u2014 but less humid \u2014 weekend: Expect a daytime high of 34\u00b0C tomorrow and 36\u00b0C on Saturday, with nighttime lows of 25\u00b0C on both days.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, wonderful people. We\u2019ve made it through the last full workweek of August, which is going out with something of a bang on the news front. So much for the summer lull. THE BIG STORY TODAY Seven int\u2019l firms sign MoUs for green hydrogen plants: Egyptian government agencies signed MoUs today with seven international [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[7213],"tags":[633,254,125,388,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-552300","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-green-hydrogen","tag-investment-watch","tag-us-federal-reserve","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"50d85511-3691-4546-a84e-742f5a09bc61","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[552298],"teaser":"","voice_url":""},"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>THIS EVENING: More green hydrogen investments coming + All eyes are on Powell at Jackson Hole - EnterpriseAM Egypt<\/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\/egypt\/2022\/08\/25\/this-evening-more-green-hydrogen-investments-coming-all-eyes-are-on-powell-at-jackson-hole\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: More green hydrogen investments coming + All eyes are on Powell at Jackson Hole\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, wonderful people. We\u2019ve made it through the last full workweek of August, which is going out with something of a bang on the news front. So much for the summer lull. THE BIG STORY TODAY Seven int\u2019l firms sign MoUs for green hydrogen plants: Egyptian government agencies signed MoUs today with seven international [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/this-evening-more-green-hydrogen-investments-coming-all-eyes-are-on-powell-at-jackson-hole\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-25T13:48:54+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/this-evening-more-green-hydrogen-investments-coming-all-eyes-are-on-powell-at-jackson-hole\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/this-evening-more-green-hydrogen-investments-coming-all-eyes-are-on-powell-at-jackson-hole\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: More green hydrogen investments coming + All eyes are on Powell at Jackson Hole\",\"datePublished\":\"2022-08-25T13:48:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/this-evening-more-green-hydrogen-investments-coming-all-eyes-are-on-powell-at-jackson-hole\/\"},\"wordCount\":587,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterprisePM\",\"green hydrogen\",\"investment watch\",\"US Federal Reserve\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/this-evening-more-green-hydrogen-investments-coming-all-eyes-are-on-powell-at-jackson-hole\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/this-evening-more-green-hydrogen-investments-coming-all-eyes-are-on-powell-at-jackson-hole\/\",\"name\":\"THIS EVENING: More green hydrogen investments coming + All eyes are on Powell at Jackson Hole - 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The plants will have a combined annual capacity of around 5.5 mn tons,\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/412.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596076,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/10\/ocior-energy-to-build-usd-4-bn-green-hydrogen-plant-in-sczone\/","url_meta":{"origin":552300,"position":1},"title":"Ocior Energy to build USD 4 bn green hydrogen plant in SCZone","author":"enterpriseam admin","date":"10 August 2023","format":false,"excerpt":"The plant will take 5-6 years to build, with expected revenues of USD 1 bn annually","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/475.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577888,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/we-could-be-getting-even-more-green-hydrogen-projects\/","url_meta":{"origin":552300,"position":2},"title":"We could be getting even more green hydrogen projects","author":"enterpriseam admin","date":"8 December 2022","format":false,"excerpt":"More green hydrogen momentum: Egypt signed MoUs with seven companies and consortiums to conduct feasibility studies on new projects to produce green hydrogen and its derivatives, according to a cabinet statement. The statement does not provide further details on the potential investment size, production capacity, or timeline for any of\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/154.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586790,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/egypt-is-the-regions-fdi-magnet-thanks-to-green-hydrogen\/","url_meta":{"origin":552300,"position":3},"title":"Egypt is the region\u2019s FDI magnet thanks to green hydrogen","author":"enterpriseam admin","date":"17 May 2023","format":false,"excerpt":"Egypt accounted for 41% of all FDI in the Middle East and Africa in 2022","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/965.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596043,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/09\/this-evening-indias-ocior-energy-moves-forward-with-green-hydrogen-plans-in-egypt\/","url_meta":{"origin":552300,"position":4},"title":"THIS EVENING: India\u2019s Ocior Energy moves forward with green hydrogen plans in Egypt","author":"enterpriseam admin","date":"9 August 2023","format":false,"excerpt":"Good afternoon, ladies and gents, and happy almost-THURSDAY. THE BIG STORIES TODAY #1- Ocior Energy proceeds with green hydrogen plans: India\u2019s Ocior Energy has inked preliminary contracts with the government to set up a USD 4 bn green hydrogen plant in the Suez Canal Economic Zone (SCZone), Asharq Business reports,\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/5975.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587211,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/23\/this-evening-china-energy-could-soon-sign-a-framework-agreement-for-usd-7-bn-green-hydrogen-project\/","url_meta":{"origin":552300,"position":5},"title":"THIS EVENING: China Energy could soon sign a framework agreement for USD 7 bn green hydrogen project","author":"enterpriseam admin","date":"23 May 2023","format":false,"excerpt":"Good afternoon, friends, and happy hump day. We have another slow day so far here in Omm El Donia \u2014 although what started out as slow yesterday turned into a relatively brisk news cycle. THE BIG STORY TODAY China Energy moving forward with green hydrogen project: China Energy is expected\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/371.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/552300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=552300"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/552300\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/552298"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=552300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=552300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=552300"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=552300"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=552300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}