{"id":584126,"date":"2023-03-27T00:00:00","date_gmt":"2023-03-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/27\/this-morning-another-eight-green-hydrogen-mous-coming\/"},"modified":"2023-03-27T00:00:00","modified_gmt":"2023-03-27T00:00:00","slug":"this-morning-another-eight-green-hydrogen-mous-coming","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/27\/this-morning-another-eight-green-hydrogen-mous-coming\/","title":{"rendered":"THIS MORNING: Another eight green hydrogen MoUs coming?"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good morning, friends. It\u2019s a busy-but-brisk kind of news day<\/span><span style=\"\"> with no sign of the usual <\/span><span style=\"font-weight:400;\">Ramadan news slowdown in sight. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">MORNING MUST READ- Are you, like us, are trying to get your head around what artificial <\/span><span style=\"font-weight:700\">intelligence could mean to your business<\/span><span>, to your job<\/span><span>\u2014 and to your kids\u2019 future? Go read <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gatesnotes.com\/The-Age-of-AI-Has-Begun\" style=\"\">The age of AI has begun<\/a><\/span><span style=\"font-weight:400;\">, by Microsoft founder Bill Gates. It\u2019s a 15-min read or so, and largely worth every moment.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">\u201cThe development of AI is as fundamental as the creation of the microprocessor, the <\/span><span style=\"font-weight:700\">personal computer, the Internet, and the mobile phone.<\/span><span style=\"font-weight:400;\"> It will change the way people work, learn, travel, get health care, and communicate with each other. Entire industries will reorient around it. Businesses will distinguish themselves by how well they use it,\u201d Gates writes. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">A competing piece by Tom \u201cTaxi Driver Journalism\u201d Friedman is getting more traction on <\/span><span style=\"font-weight:700\">our socials right now<\/span><span> (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.nytimes.com\/2023\/03\/21\/opinion\/artificial-intelligence-chatgpt.html\" style=\"\">Our new promethean moment<\/a><\/span><span>), wherein he likens the rise of AI to invention of the printing press, nuclear weapons, \u201cthe agricultural revolution combined with the industrial revolution\u201d \u2014 you name it. But take it from inveterate iSheep like us: <\/span><span style=\"font-weight:700;\">Gates is one of the world\u2019s clearest thinkers on technology and society.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">SO, WHEN DO WE EAT?<\/span><span style=\"\">We\u2019ll be breaking our fasts tonight at 6:10pm and Fajr prayers are at <\/span><span>4:22am tomorrow. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">PSA- Start planning next month\u2019s holidays now<\/span><span style=\"font-weight:700\">:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Coptic Easter falls on Sunday, 16 April;<\/span><\/li>\n<li><span>Sham<\/span><span style=\"font-weight:400;\"> El Nessim is on Monday, 17 April;<\/span><\/li>\n<li><span style=\"font-weight:400;\">Eid El Fitr should land on or around Friday, 21 April (it\u2019s still not clear what days will be official holidays);<\/span><\/li>\n<li><span style=\"font-weight:400;\">Tuesday, 25 April, is Sinai Liberation Day, for which we\u2019ll likely have a day off on Thursday, 27 April. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">WATCH THESE SPACES-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">#1- Eight more green hydrogen agreements in the works? <\/span><span>Eight industry players have expressed interest in setting up green hydrogen plants in Egypt, and MoUs are soon expected to be signed, Suez Canal Economic Zone (SCZone) <\/span><span>CEO Walid Gamal El Din told CNBC Arabia (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/i\/broadcasts\/1BRJjZLkNqLJw\" style=\"\">watch, runtime: 5:06<\/a><\/span><span style=\"font-weight:400;\">). Gamal El Din didn\u2019t provide any details about which companies could be involved or when agreements could be signed.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We already signed a spate of agreements last year<\/span><span style=\"\">, including <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0f2251cd-82db-4ba9-9ef9-b1287b0bef1f\" style=\"\">nine framework<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0f2251cd-82db-4ba9-9ef9-b1287b0bef1f\" style=\"\">agreements<\/a><\/span><span> and <\/span><span>another <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6fca6e16-feca-4c33-b94b-1147cb91ff4a\" style=\"\">seven MoUs<\/a><\/span><span> for green hydrogen plants and ammonia facilities in the SCZone. Most recently, China Energy <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fa878ad1-53fa-486f-9f54-cd3f552f5e3c\" style=\"\">earlier this month said<\/a><\/span><span> that it could begin working on its USD 5.1 bn plant as soon as May. We haven\u2019t heard much on the other proposed projects, though we\u2019re hoping the release of the government\u2019s long-awaited <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a9df7c61-537a-4561-8129-2653747e656a\" style=\"\">green hydrogen strategy<\/a><\/span><span style=\"font-weight:400;\"> may push some of them forward. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">#2- More golden licenses coming? <\/span><span style=\"\">The General Authority for <\/span><span>Freezones and Investment (GAFI) is looking into applications for <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d03b6507-b649-4f52-9d7b-1c4bdf41420a\" style=\"\">golden licenses<\/a><\/span><span> submitted by 40 companies, GAFI head Hossam Heiba told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3KcHQIU\" style=\"\">Al Arabiya<\/a><\/span><span>. The authority has so far awarded <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87652563-d0ea-4bdd-bf65-b1ccedb390f3\" style=\"\">13 golden licenses<\/a><\/span><span style=\"font-weight:400;\"> to projects including a USD 5.5 bn green ammonia plant in Ain Sokhna and an EGP 8.8 bn home and electrical appliances manufacturing and assembly facility in Menoufia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER- <\/span><span style=\"\">Golden licenses fast-track new industrial and infrastructure projects. Also known <\/span><span style=\"font-weight:400;\">as \u201csingle approval licenses,\u201d they allow investors to require only one approval that covers everything from establishing the project, land allocation and building licensing, through to operation and management. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">#3- The Industrial Development Authority (IDA) is preparing to <\/span><span style=\"font-weight:700\">allocate new industrial land as soon as next month<\/span><span>, IDA head Mohamed Abdel Karim told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alborsaanews.com\/2023\/03\/26\/1649282\" style=\"\">Al Borsa<\/a><\/span><span style=\"font-weight:400;\">. The authority is currently studying some 500 requests for industrial land from local and foreign investors, he said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER- <\/span><span style=\"\">The government is moving to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1b1bf360-2792-45ee-87cc-78086b2eafc9\" style=\"\">a new online land allocation system<\/a><\/span><span style=\"\"> that allows <\/span><span>developers to purchase and resell land, instead of the previous system which allocated land directly to companies.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ICYMI- <\/span><span style=\"font-weight:700\">Missed this week\u2019s Inside Industry? <\/span><span style=\"\">In our weekly vertical exploring all things industry and <\/span><span style=\"font-weight:400;\">manufacturing, we looked at how the new system could help bring in more industrial investment. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><\/span><span style=\"font-weight:700\"> DEBT WATCH- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Egypt is scheduled to repay <\/span><span style=\"font-weight:700\">more than USD 5 bn<\/span><span style=\"font-weight:700\"> in central bank deposits to Kuwait and <\/span><span style=\"font-weight:700\">the UAE over the next six months.<\/span><span> Half of the USD 4 bn deposited at the Central Bank of Egypt (CBE) by Kuwait matures in April, while the remaining USD 2 bn will now come due in September after the Gulf state agreed to extend the maturity last year, according to the CBE\u2019s latest <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/3\/External-Position-79_469.pdf\" style=\"\">external position report (pdf)<\/a><\/span><span style=\"font-weight:400;\">. Meanwhile, USD 1 bn is due to be paid to the UAE in July as well as some of a USD 2 bn deposit next month.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">SOUND SMART- We expect Gulf countries to roll over their deposits<\/span><span style=\"\"> ahead of the <\/span><span>repayment deadlin<\/span><span>es. Arab countries currently have USD 28.2 bn in short- and long-term deposits at the central bank. <\/span><span>Almost half of this is money deposite<\/span><span style=\"font-weight:400;\">d by Saudi Arabia, the UAE and Qatar last year to shore up Egypt\u2019s reserves following the outbreak of war in Ukraine. KSA\u2019s long-term USD 5 bn deposit doesn\u2019t come due until October 2026, and we\u2019re set to gradually repay USD 5.7 bn to the UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DATA POINT- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Users have transferred some EGP 112.7 bn through InstaPay over <\/span><span style=\"font-weight:700\">the last year<\/span><span>, according to a Central Bank of Egypt <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"\" style=\"\">infographic<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"\" style=\"\">(pdf)<\/a><\/span><span style=\"font-weight:400;\">. The digital payment app \u2014 think of it as Egypt\u2019s answer to Venmo \u2014 was used to make 20.3 mn transactions and now has 2.2 mn users, it said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The central bank wants to see usage expand:<\/span><span style=\"\"> The CBE <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/27d55c74-746c-4246-98b5-764ccd096384\" style=\"\">recently increased<\/a><\/span><span style=\"\"> the limits <\/span><span>on single, daily and monthly transactions in response to growing demand. Users can now transfer up to EGP 70k in one go and can send a maxim<\/span><span>um of EGP 120k per day and EGP 400k per month.<\/span><span style=\"font-weight:700;\">InstaPay has zero transaction fees through the end of 2023.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700;\">FROM THE RUMOR MILL- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Abu Dhabi Ports (ADP) wants to invest some EUR<\/span><span style=\"font-weight:700\"> 500 <\/span><span style=\"font-weight:700\">mn to develop Egypt\u2019s river transport infrastructure<\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alborsaanews.com\/2023\/03\/26\/1649274\" style=\"\">Al Borsa<\/a><\/span><span> reported yesterday, citing sources it said were familiar with the matter. The capital spend would fund new fuel stations for barges, developing river boats, and bringing amphibious buses to Egypt, according to the newspaper\u2019s sources. ADP already has a foot in the local river transport business, having signed an agreement to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5e296366-a7ef-480b-9002-958773f10d74\" style=\"\">manage and operate a port in Minya<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Egypt wants to harness the private sector to develop its river transport infrastructure<\/span><span style=\"\">, <\/span><span>last year <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/51fcc8c7-c0c9-4cc8-aaba-691d7d276bbd\" style=\"\">passing legislation<\/a><\/span><span> that modernizes river transport regulations, allowing the River Transport Authority to bring more private sector companies into the sector.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">HAPPENING TODAY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><a id=\"wwtt1\"><\/a> <\/span><span style=\"font-weight:700\">EU Vice-President Margaritis Schinas <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.eeas.europa.eu\/delegations\/egypt\/vice-president-schinas-egypt-discuss-skills-education-mobility-and-migration_en\" style=\"\">is in Egypt<\/a><\/span><span style=\"font-weight:700\"> until Tuesday, 28 March<\/span><span style=\"\"> to <\/span><span>discuss skills, education and migration. Schinas, who arrived yesterday, w<\/span><span>ill today meet wit<\/span><span>h Education Minister Reda Hegazy <\/span><span>after holding talks with <\/span><span>Foreign Minister Sameh Shoukry<\/span><span style=\"font-weight:400;\"> and Manpower Minister Hassan Shehata yesterday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt2\"><\/a> <\/span><span style=\"font-weight:700\">Climate talks are happening in Luxor:<\/span><span style=\"\"> The committee set up to continue discussions<\/span><span> on the landmark <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2441141b-84ae-42f1-b70e-d9b7bba2f29c\" style=\"\">loss and damage fund<\/a><\/span><span> agreed at last year\u2019s COP27 summit <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/unfccc.int\/event\/TC1\" style=\"\">will hold its first meeting<\/a><\/span><span> in Luxor today through to Wednesday. <\/span><span>Representatives from 33 developing and developed countries are attending the talks, which will be led by Egypt\u2019s lead climate negotiator, Amb. Mohamed Nasr<\/span><span>.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><a id=\"wwtt3\"><\/a> <\/span><span style=\"font-weight:700;\">On the Senate agenda:<\/span><\/p>\n<ul>\n<li><span style=\"\">The <\/span><span style=\"font-weight:700\">Economic and Financial Affairs Committee <\/span><span style=\"\">will discuss the impact of the real <\/span><span style=\"font-weight:400;\">estate tax on industry and investments;<\/span><\/li>\n<li><span style=\"\">The <\/span><span style=\"font-weight:700\">Energy and Environment Committee <\/span><span style=\"\">will review progress on establishing green <\/span><span style=\"font-weight:400;\">hydrogen projects at the Suez Canal Economic Zone;<\/span><\/li>\n<li><span style=\"\">The <\/span><span style=\"font-weight:700\">Agriculture Committee <\/span><span style=\"\">will discuss the high cost of agricultural credit and its <\/span><span>impact on farmers;<\/span><\/li>\n<li><span style=\"\">The <\/span><span style=\"font-weight:700\">Youth and Sports Committee <\/span><span style=\"\">will hold a session focused on encouraging young <\/span><span>people to set up SMEs;<\/span><\/li>\n<li><span style=\"\">The <\/span><span style=\"font-weight:700\">Defence and National Security Committee <\/span><span style=\"\">will continue reviewing the National <\/span><span style=\"font-weight:400;\">Telecommunications Regulatory Authority\u2019s efforts to fight cybercrime. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">HAPPENING THIS WEEK- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">It\u2019s interest rate week:<\/span><span style=\"\"> The Central Bank of Egypt will meet on Thursday to review interest <\/span><span>rates. Six of seven analysts <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b95d2004-21e9-43a6-a002-cb9dc58d442e\" style=\"\">we polled<\/a><\/span><span> expect the Monetary Policy Committee to <\/span><span style=\"font-weight:700\">hike rates by at least 200 bps<\/span><span style=\"font-weight:400;\"> as it tries to tamp down on inflation and boost FX liquidity amid continued pressure on the EGP.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We can expect to get our first proper look at the state\u2019s spending plans for the <\/span><span style=\"font-weight:700\">coming fiscal year <\/span><span style=\"font-weight:400;\">when the Finance Ministry delivers the draft FY 2023-2024 budget to the House of Representatives.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn will visit Cairo this <\/span><span style=\"font-weight:700\">Wednesday and Thursday<\/span><span> for talks, the Cambodian foreign ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/photo?fbid=582317750591177&set=pcb.582318233924462\" style=\"\">said<\/a><\/span><span style=\"font-weight:400;\"> Friday. Sokhonn will visit Morocco on Monday and Tuesday before arriving in Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE BIG STORY ABROAD-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">It\u2019s a big news day in the global press<\/span><span style=\"font-weight:400;\">, with three big stories that folks here in MENA need to know about:<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Israel\u2019s <\/span><span style=\"font-weight:700\">political crisis deepens <\/span><span style=\"font-weight:700\">after Netanyahu fires defense minister:<\/span><span>Israeli <\/span><span>Prime Minister Benjamin Netanyahu has <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gov.il\/en\/departments\/news\/spoke-gallant260323\" style=\"\">dismissed his defense minister<\/a><\/span><span> a day after he <\/span><span>called for a halt to the government\u2019s controversial plans to overhaul the judiciary. The plans have triggered large-scale protests and caused <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/news.yahoo.com\/israels-military-reservists-joining-protests-161902069.html\" style=\"\">divisions within the Israeli military<\/a><\/span><span>, prompting the now ex-defense minister, <\/span><span>Yoav Gallant, to describe them as a \u201cclear, immediate and tangible threat to the security of the state.\u201d His dismissal triggered fresh protests in Tel Aviv and Jerusalem, with protesters gathering outside Netanyahu\u2019s residence, and Israel\u2019s consul general in New York <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.jpost.com\/breaking-news\/article-735511\" style=\"\">quit in protest<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The story is dominating the front pages of the foreign press this morning: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/apnews.com\/article\/israel-legal-courts-corruption-netanyahu-40c11160c9a93cc717dcf61eed52dda6?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_05\" style=\"\">AP<\/a><\/span><span style=\"\"> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/middle-east\/party-pressure-mounts-netanyahu-pause-judicial-overhaul-2023-03-26\/\" style=\"\">Reuters<\/a><\/span><span style=\"\"> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-26\/israel-s-netanyahu-fires-defense-minister-over-judicial-plan?srnd=premium-middle-east\" style=\"\">Bloomberg<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/66be07fa-2633-4a4c-8820-9c1a76fd2850\" style=\"\">Financial Times<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.nytimes.com\/2023\/03\/26\/world\/middleeast\/judiciary-overhaul-benjamin-netanyahu-israel-parliament.html\" style=\"\">New York Times<\/a><\/span><span>  | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.washingtonpost.com\/world\/2023\/03\/26\/israel-netanyahu-gallant-defense-minister\/\" style=\"\">Washington Post<\/a><\/span><span> | | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bbc.com\/news\/world-middle-east-65080919\" style=\"\">BBC<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/articles\/israels-netanyahu-faces-mounting-pressure-as-judicial-overhaul-barrels-ahead-a2acac55?mod=hp_lead_pos3\" style=\"\">Wall Street Journal<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/edition.cnn.com\/2023\/03\/26\/middleeast\/israel-judicial-overhaul-legislation-intl\/index.html\" style=\"\">CNN<\/a><\/span><span>.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">BANKING CRISIS- <\/span><span style=\"font-weight:700\">IMF chief warns of rising threat<\/span><span style=\"font-weight:700\">s to financial stability: <\/span><span style=\"\">IMF Managing <\/span><span>Director Krista<\/span><span>lina Georgieva warned yesterday of increasing financial instability following the recent banking failures in the US and Europe. Speaking at a conference in Beijing, the IMF boss spoke of <\/span><span style=\"font-weight:700\">\u201cexceptionally high\u201d uncertainty driven by deglobalizing trends<\/span><span>, and said that the medium-term forecast for the global economy will \u201cremain weak.\u201d <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/markets\/imf-says-risks-financial-stability-have-increased-calls-vigilance-2023-03-26\/\" style=\"\">Reuters<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-26\/imf-chief-urges-china-to-rebalance-economy-toward-consumption#xj4y7vzkg\" style=\"\">Bloomberg<\/a><\/span><span> and the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/a74f05d7-3894-4ca6-88ae-cdedfa8172df\" style=\"\">Financial Times<\/a><\/span><span style=\"font-weight:400;\"> all have the story. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">FROM THE REGION- The Saudi and Iranian foreign ministers will meet during Ramadan<\/span><span style=\"\">, <\/span><span>Saudi state news agen<\/span><span>cy <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3FTdpF1\" style=\"\">SPA<\/a><\/span><span> said<\/span><span> early this morning. The two sides agreed to the meeting <\/span><span>following a phone call yesterday, according to the report. This comes a few weeks after the countries <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c0787d3e-e659-4431-8e63-4694a804303d\" style=\"\">agreed to restore diplomatic ties<\/a><\/span><span style=\"font-weight:400;\"> and reopen embassies in a landmark agreement brokered by China.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARKET WATCH-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt4\"><\/a> <\/span><span style=\"font-weight:700\">It\u2019s looking like it\u2019s going to be another rocky week in the global markets<\/span><span style=\"\">, <\/span><span>as concerns continue to mount over the health of the US and European banking systems following the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5baed3c9-57cf-4488-9aac-3e245c8ac42b\" style=\"\">collapse<\/a><\/span><span> of three mid-sized US lenders earlier this month, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-26\/investors-brace-for-another-week-of-turmoil-as-mad-march-ends?srnd=premium-middle-east&leadSource=uverify wall\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\"> writes in its week-ahead preview. The sell-off among European banks continued on Friday, with giant German lender Deutsche Bank particularly hard hit as traders look for the next weak link following UBS\u2019s emergency takeover of Credit Suisse. Expect more volatility in stocks and bonds and for safe haven assets to be bid up, the news outlet writes.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Asian markets are mixed this morning \u201cas banking sector stress lingers,\u201d <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cnbc.com\/2023\/03\/27\/asia-markets-headed-for-a-mixed-open-as-banking-sector-stress-linger.html\" style=\"\">CNBC reports<\/a><\/span><span style=\"\">. <\/span><span style=\"font-weight:400;\">Futures suggest European shares will open in the green (with the exception of France, which is being rocked by labor unrest). Wall Street and Bay Street also look set to post gains when trading opens later today.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/444.jpg?ssl=1\"\/><\/a><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We are delighted to share with you that the Enterprise Exports & FDI Forum <\/span><span style=\"\">will be taking <\/span><span style=\"\">place on<\/span><span style=\"font-weight:700\"> Monday, 15 May <\/span><span style=\"\">at the<\/span><span style=\"font-weight:700;\"> Four Seasons Hotel at Nile Plaza.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">DO YOU WANT TO ATTEND?<\/span><span style=\"\"> The first wave of invites is going out soon. If you\u2019re a C-suite exec, exporter, investor, official, banker, or someone who should be part of the conversation, please <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" style=\"\">TAP OR CLICK HERE<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" style=\"\">to request a spot at this exclusive event<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WANT TO SHARE YOUR STORY ON STAGE?<\/span><span> Drop a note to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"mailto:patrick@enterprisemea.com\" style=\"\">Patrick here and let\u2019s talk<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WANT TO BECOME A COMMERCIAL PARTNER?<\/span><span> Ping a note to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"mailto:mtaalab@inktankir.com\" style=\"\">Moustafa, our head of commercial, here<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">CIRCLE YOUR CALENDAR-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><a id=\"wwtt5\"><\/a> <\/span><span style=\"\"> <\/span><span style=\"font-weight:700\">The National Dialogue <\/span><span style=\"font-weight:700\">will kick off on Wednesday, 3 May<\/span><span style=\"\">, the <\/span><span>dialogue\u2019s board said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/National.Dialogue.NTA\/posts\/pfbid02uiTd1i12H9Z7Tv5garyBUx5Wvx5k59VsumZZjwCr4TXv57Um5DzDfs28PoVLxUDdl\" style=\"\">a statement<\/a><\/span><span> yesterday. The dialogue was expected to kick off on 14 January, but was postponed after political parties failed to name their representatives to the sessions on time. The dialogue\u2019s 19 subcommittees are set to meet 3-6 times per week to discuss around 122 issues in total, Dialogue General Coordinator Diaa Rashwan <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/da88cb80-7995-4db1-a579-0549797d7764\" style=\"\">said earlier this year<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The dialogue\u2019s first order of business: Reviewing National Elections Authority\u2019s mandate <\/span><span style=\"font-weight:700\">to <\/span><span style=\"font-weight:700\">supervise elections<\/span><span>, which is due to expire on 17 January 2024. The board of trustees said it will submit a draft law to the House, which if passed would see the NEA supervise <\/span><span style=\"font-weight:700\">next year\u2019s presidential elections<\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\" style=\"\">Check out our full calendar on the web<\/a><\/span><span style=\"font-weight:400;\"> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/CIRA-Blackboard-Banner-B-1600.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">*** It\u2019s Blackboard day:<\/span><span style=\"font-weight:400;\"> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">In today\u2019s issue:<\/span><span style=\"\"> School\u2019s not out, but summer camps are already on the cards. We have a <\/span><span>rundown of a range of educational, creative, and sports-focused summer camps available for children of varying ages this year.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt signed 9 framework agreements and 7 MoUs towards the end of 2022<\/p>\n","protected":false},"author":1,"featured_media":584127,"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":[7204],"tags":[93,72,254,151,416,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-584126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-energy","tag-enterpriseam","tag-green-hydrogen","tag-renewables","tag-suez-canal-economic-zone","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"aef81f59-32cf-4d1f-bafb-4be635cb0556","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/3\/466.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt could soon sign another 8 MoUs with companies for green hydrogen plants","related_issue":[584124],"teaser":"Egypt signed 9 framework agreements and 7 MoUs towards the end of 2022","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.348df38b-b097-4ce9-ad7a-9596ca427c59.mp3"},"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 MORNING: Another eight green hydrogen MoUs coming? - 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\/2023\/03\/27\/this-morning-another-eight-green-hydrogen-mous-coming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: Another eight green hydrogen MoUs coming?\" \/>\n<meta property=\"og:description\" content=\"Egypt signed 9 framework agreements and 7 MoUs towards the end of 2022\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/27\/this-morning-another-eight-green-hydrogen-mous-coming\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-27T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/466.jpg?fit=%2C&ssl=1\" \/>\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=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/27\/this-morning-another-eight-green-hydrogen-mous-coming\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/27\/this-morning-another-eight-green-hydrogen-mous-coming\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS MORNING: Another eight green hydrogen MoUs coming?\",\"datePublished\":\"2023-03-27T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/27\/this-morning-another-eight-green-hydrogen-mous-coming\/\"},\"wordCount\":2177,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/27\/this-morning-another-eight-green-hydrogen-mous-coming\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/466.jpg?fit=%2C&ssl=1\",\"keywords\":[\"energy\",\"EnterpriseAM\",\"green hydrogen\",\"renewables\",\"Suez Canal Economic Zone\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/27\/this-morning-another-eight-green-hydrogen-mous-coming\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/27\/this-morning-another-eight-green-hydrogen-mous-coming\/\",\"name\":\"THIS MORNING: Another eight green hydrogen MoUs coming? 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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\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548926,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/28\/seven-companies-ink-green-energy-mous\/","url_meta":{"origin":584126,"position":2},"title":"Seven companies ink green energy MoUs","author":"enterpriseam admin","date":"28 August 2022","format":false,"excerpt":"Lots more green energy investment: Seven international companies have signed early agreements to build facilities that will produce mns of tons of green fuel in the Ain Sokhna Industrial Zone, cabinet said in a statement on Thursday. 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":586790,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/egypt-is-the-regions-fdi-magnet-thanks-to-green-hydrogen\/","url_meta":{"origin":584126,"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":577888,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/we-could-be-getting-even-more-green-hydrogen-projects\/","url_meta":{"origin":584126,"position":4},"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":596076,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/10\/ocior-energy-to-build-usd-4-bn-green-hydrogen-plant-in-sczone\/","url_meta":{"origin":584126,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/584126","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=584126"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/584126\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/584124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/584127"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=584126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=584126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=584126"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=584126"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=584126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}