INSEAD Day 4 - 728x90

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Agthia profit, dividend jump

Transformation lifts earnings, cash generation.

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly 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.