Thursday 09 Jan

Europe

Acwa Power secures $700 million fund for Egyptian wind farm
2024/12/31

Acwa Power secures $700 million fund for Egyptian wind farm

Acwa Power, a leading Saudi energy developer, has secured financing of 2.64 billion Saudi riyals (approximately $702 million) for a 1,100-megawatt wind power project in...

European gas prices surge amidst Ukraine Transit Deal uncertainty
2024/12/24

European gas prices surge amidst Ukraine Transit Deal uncertainty

Natural gas prices in Europe have surged for the third consecutive day, fueled by anxieties surrounding the impending expiration of the crucial Russian-Ukrainian gas transit...

European Commission approves €1 billion for Egypt
2024/12/20

European Commission approves €1 billion for Egypt

Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, announced today, Friday, the European Commission’s approval to disburse financing to Egypt worth one...

BMW asserts ability to meet climate goals for new models
2024/12/10

BMW asserts ability to meet climate goals for new models

The CEO of BMW, Oliver Zipse, has expressed confidence that the company will achieve the European Union's 2025 climate targets for new car emissions. In...

El Wazir discusses high-speed rail management with Italy
2024/12/03

El Wazir discusses high-speed rail management with Italy

At the outset of his visit to Italy, Engineer Kamel El Wazir, Minister of Industry and Transport, held high-level meetings with leaders of prominent global...

Egypt and Germany partner to export green hydrogen to Europe
2024/11/12

Egypt and Germany partner to export green hydrogen to Europe

Engineer Mohamed Shimy, Minister of Public Business Sector, met with a delegation from German companies and the German-Arab Chamber of Industry and Commerce to explore...

Diesel demand dumps, inventories rise
2024/11/09

Diesel demand dumps, inventories rise

A rare occurrence for a fuel that powers large swaths of the global economy, global demand for diesel is expected to decline this year.

Egypt to tap into green finance for new projects
2024/10/27

Egypt to tap into green finance for new projects

Egypt and other African and Asian nations are set to receive substantial funding for green projects, as part of global efforts to combat climate change....