INSEAD Day 4 - 728x90

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

Saudi Arabia, Egypt discuss renewable energy cooperation

Saudi Arabia and Egypt discuss cooperation in the areas of electricity, renewable energy, and clean hydrogen.
  • The two ministers also talked about the progress in the electrical interconnection efforts
  • They also discussed ways to improve cooperation between their specialized businesses

Riyadh, Saudi Arabia — Saudi Arabia and Egypt discussed on Tuesday the cooperation in the areas of electricity, renewable energy, and clean hydrogen during a meeting between Saudi energy chief Prince Abdulaziz bin Salman bin Abdulaziz and his Egyptian counterpart Dr Mohammed Shaker. 

The two ministers also talked about the progress in the electrical interconnection efforts between the two nations. They also discussed ways to improve cooperation between their specialized businesses.

The two ministers witnessed the signing of a memorandum of understanding between the Egyptian Authority for the Development and Use of New and Renewable Energy, the Egyptian Electricity Transmission Company, and the Saudi ACWA Power Company to implement a project with a capacity of 10 gigawatts of wind energy in Egypt.