{"id":623458,"date":"2018-10-31T04:18:36","date_gmt":"2018-10-31T04:18:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/what-were-tracking-on-31-october-halloween-acwa-powers-2-25-gw-plant-oil-prices-and-the-end-of-us-citizenship-by-birthright\/"},"modified":"2018-10-31T04:18:36","modified_gmt":"2018-10-31T04:18:36","slug":"what-were-tracking-on-31-october-halloween-acwa-powers-2-25-gw-plant-oil-prices-and-the-end-of-us-citizenship-by-birthright","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/what-were-tracking-on-31-october-halloween-acwa-powers-2-25-gw-plant-oil-prices-and-the-end-of-us-citizenship-by-birthright\/","title":{"rendered":"What we\u2019re tracking on 31 October: Halloween, ACWA Power\u2019s 2.25 GW plant, oil prices and the end of US citizenship by birthright"},"content":{"rendered":"

Happy Halloween, ladies and gentlemen. <\/strong>We\u2019re celebrating with a game (or two) of Stranger Things Monopoly<\/a> with the family tonight \u2014 and hope you have something similarly enjoyable planned. We love holidays \u2014 of all nations, religions and persuasions \u2014 but Halloween really appeals to the kid in each of us. Because chocolate<\/a>.<\/p>\n

Power purchase agreement for USD 2.3 bn plant today? <\/strong>The Electricity Ministry is set to sign a power purchase agreement today with Saudi\u2019s ACWA Power, and its partner Hassan Allam Holding, for its USD 2.3 bn power plant in Luxor, Minister Mohamed Shaker said, according to Al Masry Al Youm<\/a>. Talks on the 2.25 GW plant had previously stalled<\/a> after it was pushed to the ministry\u2019s 2022-2027 five-year plan from the 2017-2022 plan due to a current production surplus. The facility is expected to go live<\/a> in four years\u2019 time.<\/p>\n

<\/a> ** #7 Planning to have your kid in Amreeka? You may be in a tight spot. <\/strong>US President Donald Trump wants to abolish citizenship by birthright, a process by which nearly anyone born on American soil can claim US citizenship. The Donald made his plan public yesterday in an exclusive interview with Axios<\/a> in which he said he would \u201csign an executive order that would remove the right to citizenship for babies of non-citizens and unauthorized immigrants born on US soil.\u201d<\/p>\n

Why you may need to worry: <\/strong>The move would call into question a booming bicoastal cottage industry that helps Egyptians of a certain walk of life obtain US citizenship for their kids. MDs on each coast have built thriving \u201cbirth tourism\u201d practices bundling together the cost of prenatal care in the final months of pregnancy and the actual delivery together with an apartment, a nanny and other services.<\/p>\n

Why you may not (yet) need to freak out: <\/strong>First, there seems to be consensus that the executive order would be forward-looking \u2014 if you or your kid were born in the US to parents who were not American citizens, you\u2019re not likely to lose your passport. Second, The Donald is in for a court challenge \u2014 the right to citizenship by birthright is enshrined in the fourteenth amendment to the US constitution<\/a>, which guarantees a pretty blue passport to \u201call persons born or naturalized in the United States.\u201d The New York Times<\/a> has more.<\/p>\n

Where is oil headed?<\/strong> Down, think the hedgies, who may be \u201closing confidence\u201d in the \u201conce hot\u201d oil market after crude prices tumbled 13% this month from a four-year high, the Wall Street Journal<\/a> writes. That comes as oil prices climbed yesterday for the first time in three days, Reuters<\/a> adds.<\/p>\n

But oil may not be sinking on the trade fears that Reuters cites: <\/strong>Saudi Arabia and Russia decided to \u201cset aside\u201d OPEC\u2019s pact to reduce oil output in September and began ramping up their oil production to fill the void left by other countries, according to Bloomberg<\/a>. \u201cThat increase has been offset by a freefall in Venezuela, where an economic crisis has dragged output to record lows. The South American nation\u2019s production was 58 percent of what it was in October 2016, the reference month for supply cuts.\u201d The spike in output from KSA and Russia has balanced out declining supply from other oil exporters.<\/p>\n

Caveat lector: All of this speculation is moot until next week<\/strong>, when US sanctions on Iran will take Iranian crude off the (legal) import menu.<\/p>\n","protected":false},"excerpt":{"rendered":"

Happy Halloween, ladies and gentlemen. We\u2019re celebrating with a game (or two) of Stranger Things Monopoly with the family tonight \u2014 and hope you have something similarly enjoyable planned. We love holidays \u2014 of all nations, religions and persuasions \u2014 but Halloween really appeals to the kid in each of us. Because chocolate. Power purchase […]<\/p>\n","protected":false},"author":1,"featured_media":623459,"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":[1042,9447,984,72,65,9446,128,270,219,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-acwa-power","tag-citizenship","tag-donald-trump","tag-enterpriseam","tag-investment","tag-oil","tag-opec","tag-russia","tag-saudi-arabia","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"de062214-5c6f-4a77-99ba-acffa83c9b1e","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/10\/1543.jpg","photo_position":"above","related_issue":[623456],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 31 October: Halloween, ACWA Power\u2019s 2.25 GW plant, oil prices and the end of US citizenship by birthright - 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\/2018\/10\/31\/what-were-tracking-on-31-october-halloween-acwa-powers-2-25-gw-plant-oil-prices-and-the-end-of-us-citizenship-by-birthright\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What we\u2019re tracking on 31 October: Halloween, ACWA Power\u2019s 2.25 GW plant, oil prices and the end of US citizenship by birthright\" \/>\n<meta property=\"og:description\" content=\"Happy Halloween, ladies and gentlemen. 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The Egyptian Electricity Transmission Company has signed a key power purchase agreement (PPA) with Saudi Arabia utility developer ACWA Power and Hassan Allam Holding for a 2.3 GW, USD 2.3 bn power plant, ACWA said in a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621709,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/15\/acwa-hassan-allam-to-sell-electricity-to-govt-at-usd-0-018-kwh-from-luxor-plant\/","url_meta":{"origin":623458,"position":1},"title":"ACWA, Hassan Allam to sell electricity to gov\u2019t at USD 0.018\/kwh from Luxor plant","author":"enterpriseam admin","date":"15 November 2018","format":false,"excerpt":"The Electricity Ministry, Saudi\u2019s ACWA Power, and Hassan Allam Holding have agreed to set the final price for electricity generated from the USD 2.3 bn, 2.3 GW Luxor power plant at USD 0.018\/kwh, ministry officials tell \/Al Mal. The ministry will cover part of the cost of supplying the plant\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596185,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/20\/acwa-power-studying-supply-bids-for-2-25-gw-luxor-power-plant\/","url_meta":{"origin":623458,"position":2},"title":"Acwa Power studying supply bids for 2.25 GW Luxor power plant","author":"enterpriseam admin","date":"20 August 2019","format":false,"excerpt":"Acwa Power is studying bids submitted by Siemens, General Electric and Mitsubishi Electric to supply production units and equipment for its 2.25 GW power plant in Luxor, according to the local press. Sources say the company is aiming for an agreement before the financial closure of the project in 2Q2022.\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601956,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/14\/acwa-power-to-invest-usd-3-bn-in-egypt-this-year\/","url_meta":{"origin":623458,"position":3},"title":"Acwa Power to invest USD 3 bn in Egypt this year","author":"enterpriseam admin","date":"14 March 2019","format":false,"excerpt":"INVESTMENT WATCH- Acwa Power to invest USD 3 bn in Egypt this year: Saudi energy developer Acwa Power is planning to invest USD 3 bn in electricity projects in Egypt this year, Country Development Director Hassan Aly tells Al Mal. The investments will be directed toward energy projects in Luxor\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599269,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/chinas-silk-road-fund-buys-into-egypt-renewable-energy-scene-through-acquisition-of-large-acwa-power-stake\/","url_meta":{"origin":623458,"position":4},"title":"China\u2019s Silk Road Fund buys into Egypt renewable energy scene through acquisition of large Acwa Power stake","author":"enterpriseam admin","date":"24 June 2019","format":false,"excerpt":"M&A WATCH- China\u2019s Silk Road Fund buys into Egypt renewable energy scene through acquisition of large Acwa Power stake: China\u2019s state-owned Silk Road Fundhas acquired a 49% stake in Saudi utility developer Acwa Power\u2019s renewable energy unit, Arabian Business reports. No details of the investment have been released. The renewable\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/578.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":632483,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/acwa-power-to-finalize-dairut-2-4-gw-plant-agreement-soon\/","url_meta":{"origin":623458,"position":5},"title":"ACWA Power to finalize Dairut 2.4 GW plant agreement \u201csoon\u201d","author":"enterpriseam admin","date":"12 February 2018","format":false,"excerpt":"Saudi Arabia\u2019s ACWA Power may soon finalize a power purchase agreement with Egyptian authorities for the Dairut gas-fired 2.4 GW plant, CEO Paddy Padmanathan said, Reuters reports. The project has experienced delays as the Electricity Ministry remains undetermined on the location. Padmanathan also noted that nearly USD 14 bn in\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/623458","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=623458"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/623458\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/623456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/623459"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=623458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=623458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=623458"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=623458"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=623458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}