Economy

The Future Is Bright for Artificial Intelligence in the Middle East
Several nations are embracing AI to diversify and bolster their economies.
United Kingdom
Centrica Slams Octopus’ Proposals for Protecting Consumer Credit Balances
Independent review conducted on behalf of British Gas found that a compulsory co-insurance model would not protect credit balances
United Kingdom
Anglo-German Interconnector Project Reaches Financial Close
The NeuConnect interconnector project linking the UK and German energy markets has reached financial close.
Germany
German Government to Acquire 30% of Uniper
The energy major has signed a €15bn bailout deal.
TES Completes Green Energy Fundraising Round
Tree Energy Solutions (TES), a world scale green hydrogen company with a mission to deliver on a net zero future by decarbonising the energy chain, has announce…
Amazon Announces $20,000 Green Grant for Sustainable Retailers
E-commerce giant is awarding US green retailers $20,000 grants to promote the adoption of sustainable practices
United Kingdom
ZeroAvia Attracts $30MN in New Funding
New investment from Barclays, NEOM, AENU and IAG will further advance ZeroAvia’s 2-5MW hydrogen-electric powertrain development program.
Energy Giants Pen $4BN Algeria Oil and Gas Contract
The contract that will last more than two decades will see companies increase oil and gas production in Eastern Algeria fields.
Algeria’s Sonatrach Strikes Production Deal With TotalEnergies, Occidental and Eni
New production-sharing contract is for 25 years for onshore blocks in eastern part of North African country
Market and Security Benefits of a Decarbonised Energy System – Study
Britain could provide greater energy security to businesses and families, expand its ability to deliver home-grown renewable energy and insulate its economy f…
Mainstream and Actis Agree to Sell African Renewables Giant Lekela
Renewable developer Mainstream Renewable Power and investor Actis have signed an agreement to sell the Lekela Power platform to Infinity Group and Africa Financ…
The Green Economy, an Imperative for Economic Sustainability in Africa
As one of the chosen pilot countries, Mozambique hosted a dialogue focused on the green economy in Africa.
Egypt
Egypt’s Infinity to Become Africa’s Largest Renewable Energy Company
Infinity and Africa Finance Corporation will acquire Lekela Power in deal that includes 2.8-gigawatt portfolio of wind power and greenfield projects
France
France to ‘Be Sued Over Its Plan to Nationalise EDF’
An association of EDF employee shareholders has said the government’s decision defies the interests of its minority shareholders
MENA Power Projects Forum 2022 to Focus On US$250 Billion Worth of Upcoming Power Projects in MENA Region
Power and utilities companies will have enough businesses as governments in the MENA countries plan to implement US$250 billion worth of power projects includin…

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Economy

The Future Is Bright for Artificial Intelligence in the Middle East

Centrica Slams Octopus’ Proposals for Protecting Consumer Credit Balances

Anglo-German Interconnector Project Reaches Financial Close

German Government to Acquire 30% of Uniper

TES Completes Green Energy Fundraising Round

Amazon Announces $20,000 Green Grant for Sustainable Retailers

ZeroAvia Attracts $30MN in New Funding

Energy Giants Pen $4BN Algeria Oil and Gas Contract

Algeria’s Sonatrach Strikes Production Deal With TotalEnergies, Occidental and Eni

Market and Security Benefits of a Decarbonised Energy System – Study

Mainstream and Actis Agree to Sell African Renewables Giant Lekela

The Green Economy, an Imperative for Economic Sustainability in Africa

Egypt’s Infinity to Become Africa’s Largest Renewable Energy Company

France to ‘Be Sued Over Its Plan to Nationalise EDF’

MENA Power Projects Forum 2022 to Focus On US$250 Billion Worth of Upcoming Power Projects in MENA Region