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Tag: Egypt
Egypt’s Financial Regulatory Authority (FRA) has mandated carbon disclosure and offsetting requirements for non-bank financial institutions, marking a significant shift in how environmental risk is integrated into financial oversight. Decision...
Egypt signed a combined USD 1.8 billion in renewable energy agreements with Norway’s Scatec and China’s Sungrow, a package officials described as central to efforts to expand domestic clean power...
Cairo Moves to Lock In Long Term Climate Finance Cairo has stepped up its climate finance agenda with the mobilization of €688 million through the Global Green Bond Initiative, reinforcing...
Key Takeaways: The Green Climate Fund (GCF) has approved financing proposals totaling $2.687 billion for three multi-country programs: Greening Financial Systems, the Smart Resilient Agriculture Investment Fund, and the Resilient...
Egypt’s Ministry of Electricity and Renewable Energy has approved a $900 million bid from the Abu Dhabi Future Energy Company (Masdar) to develop solar power plants in Upper Egypt, including...
Daltex Pioneers Egypt’s Carbon Market with Landmark Credit Purchase Daltex, Egypt’s leading agribusiness and the world’s largest potato exporter, has made history by becoming the first private Egyptian company to...
The OPEC Fund for International Development (the OPEC Fund) is supporting food security in Egypt with a US$10 million contribution to a US$200 million syndicated trade finance facility with the...
The World Bank Group Board of Executive Directors yesterday approved a new Country Partnership Framework (CPF) for Egypt, laying out the World Bank Group’s strategy in the country for FY2023–2027. The...
Chevron and the Egyptian Ministry of Petroleum and Mineral Resources (MOPMR) have signed a MoU to share best practices and expertise related to the reduction of methane emissions. The MoU,...
bp signed a MoU with the Government of Egypt under which it will explore the potential for establishing a new green hydrogen production facility in the country. The MoU was...
AMEA Power, one of the fastest growing renewable energy companies in the Middle East, announced that it has achieved the financial close to deliver 1GW of renewable energy projects in...
The construction of one of the world’s largest wind farms in Egypt is set to start in 2024 and could provide electricity to Europe and Saudi Arabia, according to one...
Egypt signed eight framework agreements on Tuesday to develop green hydrogen and ammonia projects, saying it aimed to become a hub for hydrogen production and win 5% of the global...
Joins six bank working group to advise on attracting private finance at scale for transition projects Deutsche Bank is expanding its support for the Government of Egypt’s ambitious plans for...
Egypt has signed partnerships for its Nexus of Water-Food-Energy (NWFE) programme to support the implementation of climate projects with investments worth $15 billion, it said in a statement from the...
The presidents of the United Arab Emirates (UAE) and Egypt witnessed the signing of an agreement on Tuesday to develop one of the world’s largest onshore wind projects in Egypt,...
The World Bank estimates that the project will reduce greenhouse gas emissions by 965,000 tons over 30 years. Project will strengthen railway network in Egypt, enhancing the country’s green transition....
Saudi Arabian company Alfanar said on Monday it has signed a memorandum of understanding to build a $3.5 billion green hydrogen project in Egypt. The facility will produce 500,000 tonnes...
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