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Business

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Egypt and Greece to sign a deal for power interconnection

The deal, to be signed by the Greek environment and energy minister Costas Skrekas and the Egyptian minister of electricity Mohamed Shaker.
By TRENDS Desk
October 13, 2021 6:28 pm
  • It will constitute the first interconnection between Europe and Africa in the Southeastern Mediterranean region
  • The agreement comes a week after Egypt’s signing of an $1.8 billion electrical connection project with Saudi Arabia

Egypt and Greece will sign a preliminary deal to build an electricity interconnection between the two countries in Athens on Thursday, Athens-Macedonia news agency (AMNA) reported.

The deal, to be signed by the Greek environment and energy minister Costas Skrekas and the Egyptian minister of electricity Mohamed Shaker, constitutes the first interconnection between Europe and Africa in the Southeastern Mediterranean region, AMNA cited.

The agreement comes a week after Egypt’s signing of an $1.8 billion electrical connection project with Saudi Arabia.

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INSEAD Day 4- 300x600