{"id":579454,"date":"2022-11-01T13:24:59","date_gmt":"2022-11-01T13:24:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/01\/this-evening-qatar-could-invest-usd-1-bn-in-sczone-green-hydrogen-facility-el-sisi-is-in-algiers-for-the-arab-league-summit\/"},"modified":"2022-11-01T13:24:59","modified_gmt":"2022-11-01T13:24:59","slug":"this-evening-qatar-could-invest-usd-1-bn-in-sczone-green-hydrogen-facility-el-sisi-is-in-algiers-for-the-arab-league-summit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/01\/this-evening-qatar-could-invest-usd-1-bn-in-sczone-green-hydrogen-facility-el-sisi-is-in-algiers-for-the-arab-league-summit\/","title":{"rendered":"THIS EVENING: Qatar could invest USD 1 bn in SCZone green hydrogen facility + El Sisi is in Algiers for the Arab League summit"},"content":{"rendered":"

Happy hump day, wonderful people.<\/strong> It\u2019s a pleasantly brisk news day here at home as we get over the midweek slump \u2014 just enough to keep us on our toes, but not necessarily enough to warrant being branded as a heavy Tuesday.<\/p>\n

THE BIG STORY TODAY<\/strong><\/p>\n

<\/a> Qatar is eyeing a USD 1 bn green hydrogen and ammonia project: <\/strong>The Qatar Investment Authority (QIA) is conducting studies to establish a renewables project in the Suez Canal Economic Zone with investments exceeding USD 1 bn, Al Borsa<\/a> reports, citing sources it says have knowledge of the matter.<\/p>\n

THE BIG STORY ABROAD<\/strong><\/p>\n

It\u2019s very much a mixed bag in the international business press.<\/strong> Although no single story is dominating the front pages, a bumper 3Q 2022 earnings season for oil and gas is getting some play this afternoon, with Saudi Aramco reporting USD 42 bn in net income \u2014 its second-highest quarterly earnings \u2014 while BP also reported strong earnings during the quarter on the back of higher natural gas prices (Financial Times<\/a> | Reuters<\/a> | Bloomberg<\/a>).<\/p>\n

HAPPENING NOW- <\/strong><\/p>\n

The two-day <\/strong>Arab League summit<\/a><\/strong> kicked off today<\/strong>:<\/strong> President Abdel Fattah<\/a>El Sisi<\/a> is in Algiers to attend the regional summit taking place amid a diplomatic spat between Algeria and Morocco. Morocco\u2019s King Mohamed VI declined the invitation to attend and arguments broke out<\/a> among diplomats in a pre-summit meeting. Saudi Crown Prince Mohamed bin Salman, who is reportedly not attending<\/a> for medical reasons, and UAE President Mohamed bin Zayed, Kuwait's Emir Nawaf Al Ahmad Al Sabah and Jordan\u2019s King Abdullah II are also notably absent<\/a>.<\/p>\n

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** CATCH UP QUICK<\/strong> on the top stories from today\u2019s EnterpriseAM<\/strong>:<\/p>\n