Podcasts about Masdar

Headlines:- Saudi PIF-backed Scopely is Eyeing Acquisition of More Hit Titles- Tesla to Launch in Saudi Arabia on April 10- UAE Renewables Giant Masdar's IPO Speculation- Entrepreneur Challenges ‘Slow Period' Myth 

CIP achieves financial closure for an offshore wind project in Taiwan and the UK may shift towards a domestic offshore wind supply chain. GE Vernova plans to equip two RWE farms in Texas, and Masdar will potentially acquire TotalEnergies' renewable assets in Portugal. Register for the start of our webinar series with SkySpecs! Fill out our Uptime listener survey and enter to win an Uptime mug! Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Welcome to Uptime Newsflash, industry News Lightning fast. For market intelligence that generates revenue, visit www.intelstor.com. Allen Hall: Starting off the week, Copenhagen Infrastructure Partners has secured financial close on the 495 megawatt Fengmiao offshore wind project off Taiwan's Coast. This Marks CIP's third offshore wind project in Taiwan and is the first of Taiwan's round three projects to start construction. The project secured approximately $3.1 billion in financing from 27 banks with debt partially guaranteed by export credit agencies. Now Vestas will supply 33 of its latest 15 megawatt turbines for the projects and construction will finish by late 2027 with six corporate customers already signed for long-term power purchase agreements covering its entire capacity. Dan McGrail Interim, CEO of Britain's new state owned GB Energy believes the UK should challenge oversee renewable energy companies by exporting its expertise globally. McGrail sees floating offshore wind as a huge opportunity for British technology leveraging existing supply chains from the oil and gas industry. He aims to shift focus from importing parts to building them domestically, which could create an export industry over time. GE Vernova will equip two RWE farms in Texas with over 100 turbines with deliveries beginning later this year. The projects will help RWE surpass one gigawatt of rebuilt and repowered wind capacity across the US and generate enough electricity to power approximately 85,000 Texas homes and businesses annually. Boosting US content. Then the sales for the project will be manufactured at GE Vernova's Florida facility, which employs about 20% Veterans. RWE's Chief Operating Officer emphasized their commitment to American energy production and strengthening domestic manufacturing and supply chains. GE Vernova's Entre Wind Division currently has a total installed base of 56,000 turbines worldwide with nearly 120 gigawatts of installed capacity. Abu Dhabi's Masdar is considering acquiring a stake and total energy's Portuguese renewable energy assets. The deal will likely be through SATA yield. The Green Energy Company masar purchased from Brookfield last year. This would add to MAs dollar's growing European portfolio, which includes recent acquisitions in Spain and Greece as the company works towards its global target of 100 gigawatts by 2030. Total Energy is currently has about 600 megawatts of installed renewable capacity in Portugal, mostly higher valued wind power assets. Total energy. CEO previously mentioned plans to divest around two gigawatts annually as part of portfolio consolidation. And that wraps up our wind industry headlines from Monday, March 24th. The conversation continues tomorrow on the Uptime Wind Energy Podcast, where we'll explore even more insights shaping the future of renewable energy. And don't forget to join our exclusive live webinar this Wednesday featuring Sky Specs New CEO Dave Roberts. He'll be sharing his roadmap for the company's exciting future. All access details are awaiting for you in the show notes.

The National Wages Council decided to raise the minimum wage for private sector workers to EGP7k a month, up from EGP6k, starting March. The Council also set the value of the bonus granted to employees at no less than 3% of their social insurance wage with a floor of EGP250 per month.Hong Kong-listed United Energy Group (UEG) inked a sale and purchase agreement to fully acquire Apex's upstream oil and gas exploration and production operations in Egypt for an undisclosed sum.A consortium of Infinity Power, Hassan Allam Utilities, and the UAE's Masdar secured a 20 sq km land plot in New Valley Governorate's Dakhla Oasis for their 900 MW solar power plant and its accompanying battery storage.South Sinai is looking to pull in EGP500-600 billion in industrial investments. Both foreign and local investors will be offered plots to encourage investment.The Investment Authority is close to issuing a comprehensive decision which includes updating the financial and accounting standards and procedures for companies evaluation, including mergers, divisions, and amending the companies' financial structures, and updating the methods of evaluating in-kind shares.The Egyptian government is close to concluding negotiations with the European Union and the European Bank for Reconstruction and Development (EBRD) to obtain financing of up to EUR200 million to launch a new power line,  to transmit electricity produced from wind energy projects in Gebel El Zeit, which will take a year to implement.ADIB (FV: EGP85.00, OW) recorded a strong 4Q24 consolidated bottom line post minority of EGP2,207 million (-1% q/q, +97% y/y), bringing FY24 bottom line post minority to EGP9,009 million (+93% y/y and 6% higher than Al Ahly Pharos estimate). Board of Directors proposed to increase the bank's paid-in capital from EGP6 billion to EGP12 billion, through the distribution of one share for each original share before the increase, deducted from FY24 net profit. The bank is currently trading at P/E25 2.4x.OCDI reported strong FY24 sales of EGP50.3 billion, up 66.2% y/y, implying 4Q24 sales of EGP10.5 billion, up 0.5% y/y and down 63.5% q/q. Sales performance in FY24 was driven by the launch of Ogami on the North Coast, which contributed sales of EGP24.5 billion. OCDI plans to open five new hotels offering a total of 550 rooms, is studying acquiring land plots of no less than 300 feddans in East and West Cairo, and is looking into expanding into education.U.S. President said that he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties.Egypt steel production increased 12.3% YoY to 9.04 million tons in 2024, while steel sales inched up 6.1% YoY to 7.0 million tons throughout the year. Egyptian cement manufacturers received export orders of 1 million tons this month, driven by the reconstruction of neighboring countries, primarily Libya, Syria, and Iraq. Libyan market captures more than 50% of the received orders. Badr City's medical city Capital Med is planning to make its EGX debut through a direct listing in 1H25. The company will then move forward with a capital increase to fund the construction of the new phase of the medical city. Al Ahly Pharos will act as the financial advisor and offering manager for the listing.The Suez Canal Economic Zone signed a contract with ETRS and Nafith International to develop a smart truck yard in West Port Said Port at an investment cost of EGP250 million.Weekly Commodities UpdateLast Price | WoW Change, % Brent, USD/bbl | 74.7 | -2.7% Diesel-HSFO Spread, USD/ton | 259.2 | -1.6% Egypt Urea, USD/ton | 447.5 | 3.2% Polyethylene, USD/ton | 940.0 | 0.0% Polypropylene, USD/ton | 957.5 | 0.0%Iron Ore 65%, USD/ton | 123.3Steel/Iron Ore Spreads, USD/ton | 375.0 | -1

Óriási áttörés: sikerült oxigént és üzemanyagot előállítani az űrben Player     2025-01-23 04:54:06     Infotech Üzemanyag Világűr Tankolás Ez kulcsfontosságú lehet a jövőbeli holdbázisok és más űrkolóniák fenntartásában. Szupervékony iPhone-nal bővülhet a paletta – ezt lehet eddig tudni az Airről InStyle Men     2025-01-23 05:10:20     Mobiltech Apple Okostelefon iPhone Minden eddiginél vékonyabb iPhone érkezhet, ennek minden előnyével és hátrányával. Szupervékony mobilt készített a Samsung 24.hu     2025-01-23 08:24:54     Mobiltech Samsung Dél-Korea Az alapból is elég vékony Galaxy S-mobiloknál is vékonyabb lett a dél-koreai gyártó rejtélyes, új készüléke. A ChatGPT-t rá lehet venni DDoS támadásokra is? ITBusiness     2025-01-23 05:15:28     Infotech Mesterséges intelligencia Microsoft Hacker Kiberbiztonság Kibertámadás ChatGPT OpenAI Úgy tűnik, hogy az OpenAI ChatGPT botja hajlandó részt venni elosztott szolgáltatásmegtagadási (DDoS) támadásokban tetszőleges weboldalak ellen, egy olyan sérülékenység révén, amelyet a vállalat még nem ismert el. Egy, a Microsoft GitHubján megosztott jelentés szerint Benjamin Flesch német biztonsági kutató bemutatta, hogyan lehet egyetlen HTTP-kér Több millió hoszt sérülékenységére derült fény ICT Global     2025-01-23 05:03:34     Infotech egyetem Belgium Több mint négymillió internetes rendszer - VPN-kiszolgálók, otthoni routerek - sebezhetőségére derült fény egy belga egyetemi kutatásban. A kiberbűnözés a legnagyobb globális üzleti fenyegetettség, a magyar cégek mégis mástól tartanak Digital Hungary     2025-01-23 08:41:00     Infotech Hacker Kiberbiztonság Kibertámadás Adatvédelem Továbbra is a kibertámadásokat, azon belül is az adatvédelmi incidenseket tekintik az elsődleges üzleti kockázatnak a vállalatok, a magyar cégek mégis mástól tartanak. Rekordméretű létesítmény épít az akkugyáras cég First Class     2025-01-23 10:45:21     Tudomány Energia Naperőmű CATL A világ legnagyobb, naperőművet és akkumulátoros energiatárolót kombináló rendszerét építi fel Abu-Dzabiban a CATL és az Egyesült Arab Emirátus-beli Masdar. Életforma telepedhetett meg a Nemzetközi Űrállomás külsején - mondja a NASA PC Fórum     2025-01-23 09:00:00     Infotech Világűr NASA Űrállomás A NASA a héten egy meglepő bejelentéssel állt elő, ami szerint nem zárja ki, hogy - szó szerint - "Földön kívüli" élet lehet a Nemzetközi Űrállomás (ISS) fedélzetén. Egészen pontosan annak külső burkolatán - így most az állomás legénysége vizsgálatokat fog végezni a kérdés eldöntése végett. Egészen pontosan egy új küldetés keretében az asztronautá Támadja a kartellvádat a One és a Telekom Montenegróban HWSW     2025-01-23 10:39:20     Mobiltech Telekom Montenegró Kartell A helyi versenyhatóság szerint a helyi mobilpiaci szereplők tavaly egymáshoz rögzítették áraikat. A hollandok szerint rossz ötlet lenne, ha elterjedne a boltokban a BNPL IT café     2025-01-23 15:22:00     Infotech Hollandia A holland kormány meg akarja akadályozni, hogy a fizikai boltokban elterjedjen a BNPL fizetési modell. Napelemes tetőcserepet dobnak piacra hamarosan Tiszta Jövő     2025-01-23 05:38:45     Életmód Energia Kiállítás Napelem CES A Jackery a CES 2025 kiállításon bemutatta ívelt kialakítású, nagy hatékonyságú napelemes tetőcserép-rendszerét, amely elegáns megjelenést, szélsőséges időjárással szembeni ellenállást, 30 év garanciát, valamint intelligens energiagazdálkodási rendszerekkel való kompatibilitást kínál, és 2025-ben kerül piacra. Nem az Ön készülékében van a hiba: leállt a ChatGPT ICT Global     2025-01-23 13:54:28     Infotech Mesterséges intelligencia ChatGPT A világ minden tájáról jelentkeznek a kétségbeesett felhasználók, hogy a népszerű AI chatbot, a ChatGPT egyszerűen nem működik. Nincs itt semmi látnivaló ITBusiness     2025-01-23 09:33:11     Cégvilág Infotech Mesterséges intelligencia Trend Környezetvédelem Piackutatás A jövőkutatók fantáziája általában szabadabban szárnyalhat, de a piackutató cégek számára igen lényeges, hogy előrejelzéseik pontosak legyenek. Ezért aztán ritkábban is okoznak nagy meglepetést. A 2025-ös jóslatokban a mesterséges intelligencia trendjei, az MI-ügynökök és az informatikai környezetvédelmi szempontjai játsszák a főszerepet. A további adásainkat keresd a podcast.hirstart.hu oldalunkon.

Óriási áttörés: sikerült oxigént és üzemanyagot előállítani az űrben Player     2025-01-23 04:54:06     Infotech Üzemanyag Világűr Tankolás Ez kulcsfontosságú lehet a jövőbeli holdbázisok és más űrkolóniák fenntartásában. Szupervékony iPhone-nal bővülhet a paletta – ezt lehet eddig tudni az Airről InStyle Men     2025-01-23 05:10:20     Mobiltech Apple Okostelefon iPhone Minden eddiginél vékonyabb iPhone érkezhet, ennek minden előnyével és hátrányával. Szupervékony mobilt készített a Samsung 24.hu     2025-01-23 08:24:54     Mobiltech Samsung Dél-Korea Az alapból is elég vékony Galaxy S-mobiloknál is vékonyabb lett a dél-koreai gyártó rejtélyes, új készüléke. A ChatGPT-t rá lehet venni DDoS támadásokra is? ITBusiness     2025-01-23 05:15:28     Infotech Mesterséges intelligencia Microsoft Hacker Kiberbiztonság Kibertámadás ChatGPT OpenAI Úgy tűnik, hogy az OpenAI ChatGPT botja hajlandó részt venni elosztott szolgáltatásmegtagadási (DDoS) támadásokban tetszőleges weboldalak ellen, egy olyan sérülékenység révén, amelyet a vállalat még nem ismert el. Egy, a Microsoft GitHubján megosztott jelentés szerint Benjamin Flesch német biztonsági kutató bemutatta, hogyan lehet egyetlen HTTP-kér Több millió hoszt sérülékenységére derült fény ICT Global     2025-01-23 05:03:34     Infotech egyetem Belgium Több mint négymillió internetes rendszer - VPN-kiszolgálók, otthoni routerek - sebezhetőségére derült fény egy belga egyetemi kutatásban. A kiberbűnözés a legnagyobb globális üzleti fenyegetettség, a magyar cégek mégis mástól tartanak Digital Hungary     2025-01-23 08:41:00     Infotech Hacker Kiberbiztonság Kibertámadás Adatvédelem Továbbra is a kibertámadásokat, azon belül is az adatvédelmi incidenseket tekintik az elsődleges üzleti kockázatnak a vállalatok, a magyar cégek mégis mástól tartanak. Rekordméretű létesítmény épít az akkugyáras cég First Class     2025-01-23 10:45:21     Tudomány Energia Naperőmű CATL A világ legnagyobb, naperőművet és akkumulátoros energiatárolót kombináló rendszerét építi fel Abu-Dzabiban a CATL és az Egyesült Arab Emirátus-beli Masdar. Életforma telepedhetett meg a Nemzetközi Űrállomás külsején - mondja a NASA PC Fórum     2025-01-23 09:00:00     Infotech Világűr NASA Űrállomás A NASA a héten egy meglepő bejelentéssel állt elő, ami szerint nem zárja ki, hogy - szó szerint - "Földön kívüli" élet lehet a Nemzetközi Űrállomás (ISS) fedélzetén. Egészen pontosan annak külső burkolatán - így most az állomás legénysége vizsgálatokat fog végezni a kérdés eldöntése végett. Egészen pontosan egy új küldetés keretében az asztronautá Támadja a kartellvádat a One és a Telekom Montenegróban HWSW     2025-01-23 10:39:20     Mobiltech Telekom Montenegró Kartell A helyi versenyhatóság szerint a helyi mobilpiaci szereplők tavaly egymáshoz rögzítették áraikat. A hollandok szerint rossz ötlet lenne, ha elterjedne a boltokban a BNPL IT café     2025-01-23 15:22:00     Infotech Hollandia A holland kormány meg akarja akadályozni, hogy a fizikai boltokban elterjedjen a BNPL fizetési modell. Napelemes tetőcserepet dobnak piacra hamarosan Tiszta Jövő     2025-01-23 05:38:45     Életmód Energia Kiállítás Napelem CES A Jackery a CES 2025 kiállításon bemutatta ívelt kialakítású, nagy hatékonyságú napelemes tetőcserép-rendszerét, amely elegáns megjelenést, szélsőséges időjárással szembeni ellenállást, 30 év garanciát, valamint intelligens energiagazdálkodási rendszerekkel való kompatibilitást kínál, és 2025-ben kerül piacra. Nem az Ön készülékében van a hiba: leállt a ChatGPT ICT Global     2025-01-23 13:54:28     Infotech Mesterséges intelligencia ChatGPT A világ minden tájáról jelentkeznek a kétségbeesett felhasználók, hogy a népszerű AI chatbot, a ChatGPT egyszerűen nem működik. Nincs itt semmi látnivaló ITBusiness     2025-01-23 09:33:11     Cégvilág Infotech Mesterséges intelligencia Trend Környezetvédelem Piackutatás A jövőkutatók fantáziája általában szabadabban szárnyalhat, de a piackutató cégek számára igen lényeges, hogy előrejelzéseik pontosak legyenek. Ezért aztán ritkábban is okoznak nagy meglepetést. A 2025-ös jóslatokban a mesterséges intelligencia trendjei, az MI-ügynökök és az informatikai környezetvédelmi szempontjai játsszák a főszerepet. A további adásainkat keresd a podcast.hirstart.hu oldalunkon.

Imported mobile phones could be subject to customs and tax fees totaling 37.5%, as part of incoming government regulations to support the country's mobile phone manufacturing localization efforts.Prime Minister is gearing up to announce “positive news” regarding the airport privatization plan developed with the International Finance Corporation (IFC).Infinity Power, UAE's Masdar, and Hassan Allam Utilities will soon launch a tender for a contractor to carry out their combined 1.2 GW solar projects planned for the Dahkla Oasis and Benban plant in Upper Egypt.The Ministry of Petroleum intends to launch an international bid for gold exploration in areas in the Eastern Desert.The CBE balances at the International Monetary Fund rose to EGP31.172 billion at the end of October, compared to EGP18.243 billion at the end of September 2024.The Egyptian government expects the World Bank to respond in 1Q25 to its request for new financing worth USD250 million in order to implement the state ownership policy.Jade Textile Company, a subsidiary of the Turkish Yeshim Group in Egypt, is implementing investment expansions in its factories in Cairo, Ismailia, and Alexandria, with a total investment of USD180 million.ORAS reported a steady set of results for 3Q24. Net income attributable to shareholders came in at USD21.6 million (+34% YoY, +12% QoQ) in 3Q24. This brought 9M24 bottom line to USD87.0 million, down 24% YoY. ORAS is currently trading at FY25e PE of 5.3x and EV/EBITDA of 1.2x.United Bank private placement on the EGX will wrap up later today. The offering is reportedly already 3x oversubscribed with still one day left of the placement to go. Retail subscription is starting on Wednesday until 3 December.The IFC inked an agreement with COMI that will see it grant the bank some USD150 million in soft financing aimed at supporting COMI's efforts to promote micro and small and medium-sized enterprises.BTFH's platform NEBIT aims to penetrate non-traditional fertilizer activities and agricultural supplements. Catalyst Partners Middle East (CPME) made its EGX debut yesterday. The SPAC listed 1 million shares with a nominal value of EGP10/share. JUFO BoD has initially approved the merge of Elmasreya for Dairy Products Company, Eldawleya Modern Food Industries Company, Egyptian Food Industries Company - EGYFOOD, and Al Marwa Food Industries Company into JUFO based on the book value of these companies according to FY23 financials.Egypt's chemicals and fertilizers exports increased by 5% YoY to USD6.5 billion in 9M24. Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 75.2 | 5.80% | Diesel-HSFO Spread, USD/ton | 260 | 9.20% | Egypt Urea, USD/ton | 354 | 0.00% | Polyethylene, USD/ton | 975 | -0.50% | Polypropylene, USD/ton | 960 | -0.50% | Iron Ore 65%, USD/ton | 121 | 2.70% | Steel/Iron Ore Spreads, USD/ton | 389 | -4.00% | LME Copper Cash Price, USD/ton | 8,848 | -0.40% | LME Aluminum Cash Price, USD/ton | 2,597 | -1.20% | Egyptia Retail Cement, EGP/ton | 2,849 | 0.00% | Steam Coal FOB Newcastle Australia, USD/ton | 141 | -0.40% | SMP, USD/MT | 2,882 | 1.10% | Last price may vary week over week in some indices due to time difference

The CBE's MPC is scheduled to meet today. We remind you that we expect the CBE to prefer to hold rates unchanged in today's meeting due to persistent inflationary pressures, among other factors.Senior private and public sector figures from Egypt and the UAE inked numerous investments:Cabinet greenlit two power purchase agreements for two separate solar projects for a consortium made up of the UAE's Masdar, Hassan Allam Utilities, and Infinity Power.Cabinet approved a draft decision to establish a USD10 million private freezone for ready-made garments in Sadat City. Sources in the Ministry of Electricity revealed that USD3.5 billion are expected as investments in the renewable energy plant project located in Zaafrana.Egypt's fourth IMF review is set to wrap by tomorrow, with only procedural stages left before the Fund's Executive Board formally greenlights the decision that will unlock USD1.3 billion in financing. Sources said that although the Suez Canal Authority's contributions to the state coffers plummeted 92% y-o-y to EGP1.0 billion in the first quarter of FY24-25, the shortfall was partially offset by a 108% surge in revenues from special funds.Turkish Investment group Erciyas Holding is looking to establish a USD60 million oil, natural gas, and water pipelines factory in Egypt.Turkish clothing manufacturer Eroglu Holding has broken ground on its USD51 million garments factory in the Qantara West Industrial Zone.The government is getting ready to launch the EGP115 billion second phase of the universal health insurance system in the next fiscal year.Egypt may need to seek alternatives to Russian wheat, as Russian farmers are turning their backs against the grain, saying they will sow less wheat in favor of higher-margin crops like peas, lentils, and sunflowers, Reuters reports. HRHO 3Q24 net profit after tax and minority interest recorded EGP697 million (-12% q/q, +76% y/y), bringing 9M24 attributable bottom line to EGP3,309 million (+97% y/y). The company is currently trading at 7.7x P/E25 and 0.9x P/B25.The coverage rate of the private offering of United Bank on the EGX reached 1.06 times yesterday, Wednesday, on the first day of opening the subscription door, which lasts for five days, while the public subscription starts on November 27 until December 3.ValU Consumer Finance Company's financing recorded EGP1 billion during the first half of November, which witnessed the White Friday offers, according to Walid Hassouna, the company's CEO. CANA and Mint Real Estate Assets, a joint venture between Al Ahly Sabbour and the National Bank of Egypt, have set up a new real estate development company called Anchors for Real Estate Development. CCAP's consolidated revenue grew 64% YoY to EGP38.2 billion in 2Q24 supported by solid performances across all subsidiaries. However, the Group's net loss expanded by 255% YoY to EGP1.4 billion during the quarter as a result of an increase in non-operating expenses, including revaluation of Allied Corp and TAQA Arabia shares, as well as legal costs associated with the restructuring and settlement of bank debt.ECAP released weak 3Q24 financial results, with net profit dropping to only EGP2.6 million (-96% YoY, -97% QoQ) on the back of a contraction in operating margins, a surge in net interest expense, along with a FX loss of EGP32.8 million. The stock is trading at FY25e P/E of 6.4x.The European Bank for Reconstruction and Development (EBRD) is set to provide some USD21.3 million in new funding to the Red Sea Wind Energy (RSWE) — a JV between ORAS, France's Engie, and Japan's Toyota Tsusho/Eurus Energy. 

Headlines:- ADNOC, Masdar, and Microsoft Team Up to Drive AI and Low-Carbon Innovations- Big Influx of Foreign Talent has Pushed Down Starting Salaries in the UAE- Saudi Arabia Ranks 12th Globally in International Tourist Spending, Hitting $36 Billion Milestone

This week, Naomi takes us through the top stories across project and infrastructure finance: BlackRock and Santander pen $1bn per year MoU CIP sounding out appetite for Fengmiao financing EBRD to back Masdar's Bilasuvar solar project Fastned selected for London EV charging hubs Ooredoo signs on data centre financing Taweelah C progressing Blackstone to invest £10bn in Blyth data centre Financing for Villeta green fertiliser project progresses Sparkfund sells EV charging tax credits to individual investor Hyundai seals ECA-backed $1.35bn deal for US EV plant Have you heard about Proximo's online project finance training?  We've teamed up CC Solutions to create a flexible course you can complete at your own pace. Gain valuable insights into complex project finance concepts through real-world case studies and practical exercises. Join us today to become a project finance leader of tomorrow! Find out more here.

UAE's Masdar, Infinity Power, and Hassan Allam Utilities will set up USD900 million worth of solar power plants in Upper Egypt with a combined capacity of 1 GW after the government greenlit the move, according to media. Tunisian-owned oil and gas company HBS International plans to invest USD65 million in gas development and production in the southwest El Alamein area of the Western Desert this year.Tax revenues increased during the first two months of the current fiscal year by 25.6% y/y to EGP216 billion.Clothing exports increased 19.2% y/y to USD1.6 billion in the first seven months of 2024.An additional 8.5 million beneficiaries of Takaful and Karama and informal workers in the construction sector will be added under the national health insurance umbrella.According to the Head of the General Authority for Freezones, the private sector has the chance to invest in the healthcare, tourism, and education sectors through public-private partnerships.EAST released 4Q23/24 financial results, reporting bottom line of EGP4,001 million (+69.4% YoY, +76.2% QoQ). FY23/24 net profit recorded EGP9,181 million (+20% YoY). The company is currently trading at FY24/25 P/E of 5.9x and EV/EBITDA 5.9x.According to local media, EAST secured letters of credit from several banks amounting to nearly USD400 million to import raw materials.We slightly downgraded our FV for ABUK from EGP81.21/share to EGP76.79/share, maintaining our Overweight recommendation for the stock. Our updated FV is based mainly on: Lower revenue growth as we still see instability in the natural gas supply in Egypt, However, the coming quarters are going to better reflect the full effect of the EGP floatation especially with the enhancement in levels of sales volumes.ABUK is proposing a cash dividend distribution of EGP5.0/share, implying a dividend yield of 8.2%.ABUK is currently trading at FY24/25e P/E of 5.1x and EV/EBITDA of 4.7x.As part of the restructuring of ownership of some subsidiaries of EKHO, the shares held by the Internation Financial Investments Company (a wholly owned subsidiary of EKHO) in the share capital of Sprea Misr for Production of Chemicals and Plastics has been transferred to another subsidiary, SPREA CHEMICALS B.V. ( a wholly owned subsidiary of EKHO). SKPC's general assembly approved increasing the company's issued and paid-in capital from EGP1.5 billion to EGP1.8 billion with an increase worth EGP302.4 million distributed over 756 million shares through the distribution of free shares at a ratio of 1:5. CLHO issued neutral 2Q24 results. Attributable net income recorded EGP143 million, down 22% QoQ but up 48% YoY. 1H24 attributable net income amounted to EGP325 million (+70% YoY). CLHO is currently trading at FY24 P/E of 15.1x and EV/EBITDA of 7.7x.The consortium of ORAS (FV: EGP344.18, OW), Hitachi, and French firm Colas Rail will start working on developing Metro Line 1 in October for a 64-month period. The development will come with a EUR800 million price tag, of which ORAS's share is 35%.According to local media, contrary to previous reports, BINV is looking to either fully exit or increase its stake in its subsidiary Gourmet.Weekly Commodities Update

Reem is an Emirati entrepreneur and a passionate advocate for youth empowerment. She's also a WiSER Pioneer, a title that reflects her commitment to making a meaningful impact in the world. For those of you unfamiliar with WiSER, it stands for Women in Sustainability, Environment and Renewable Energy. It is a global platform by Masdar and the Zayed Sustainability Prize that champions women as leaders of sustainable change, focusing on the core pillars of education, engagement and empowerment. Applications for the WiSER Pioneers Program will open in September. To apply, visit https://masdar.ae/en/strategic-global-initiatives/wiser/wiser-pioneers-program Listen to Reem's interview on Apple Podcasts, Google Podcasts, Spotify, Anghami amongst other channels. Please show your support by leaving your ratings on iTunes to spread the word! Follow the podcast on social media on LinkedIn, Instagram, Facebook, Tiktok and YouTube. Connect with the host Ameera on LinkedIn at Ameera Khalid FCCA or by email on inspiringuaewomen@gmail.com.   

The Cabinet approved presidential decrees regarding three financing agreements with the EU, which will see Egypt unlock over EUR1 billion in funding.The state aims to add 28 GW of renewable energy to the country's energy mix over the next 5-7 years.The government plans to announce “revolutionary” tax reforms next month, Prime Minister said, adding that the reforms aim to meet investor demands and encourage exports.The Prime Minister ruled out fresh wage hikes with the anticipated social support package.The Oil Minister will be meeting with foreign energy players starting this week to look into boosting local production starting early 2025.Tourist arrivals during 7M2024 exceeded 8 million, revenues are expected to exceed USD14 billion by the end of this year.Arab and foreign investors' purchases of local debt instruments amounted to about EGP9.3 billion, equivalent to about USD192.3 million, during the past week through the secondary market.The government paid USD1.3 billion as a new batch of dues to foreign oil companies operating in the country at the end of last June. Cabinet approved the procedures to install UAE's Masdar, Hassan Allam Utilities, and Infinity Power's solar project, which will have a capacity of 1.2 GW of energy and 240 MW/hour of storage batteries.Cabinet also approved the implementation procedures of solar and wind energy projects for UAE's AMEA Power and its proposal to set up a battery storage project.The Transport Ministry got the thumbs up from the Cabinet to proceed with contracting an unnamed company to finance, design, establish, manage, and maintain the planned dry port and logistics zone in Borg El Arab. The project will be carried out over a 30-year period.Malaysian automaker Proton will start locally assembling its Saga model in early 2025 with the aim of producing some 25k units between the start of manufacturing and end of 2027.Some 41.8 million Egyptians were banked in June 2024, representing 71.5% of eligible citizens.PHDC (FV: EGP8.78, OW) achieved strong 2Q24 results. Net profit in 2Q24 reached EGP701.7 million, up 97.4% y/y and down 30.0% q/q, taking 1H24 net profit up 180.2% y/y to EGP1.7 billion. We raised our PHDC FV from EGP7.11/share to EGP8.78/share.According to local media, GBCO, along with eight other automotive companies, increased their prices by EGP30k to EGP150k in August, driven by a shortage of stock resulting from challenges in importation. The CBE is allowing banks to finance the import of 12 items that were among the list of goods that required the CBE's approval before funding since March 2022.Arqaam Capital and CICH are the managers of the IPO of Bonyan Development, a subsidiary of Compass Capital, on the EGX.

AD Ports' Noatum has acquired a majority stake in maritime, logistics, and cargo services provider Safina Shipping Services. Egypt's unemployment rate fell to 6.5% of the total workforce in the second quarter of this year, falling 0.2 percentage points from the previous quarter.Renewables firm Infinity Power, Emirati state-run renewables giant Masdar, and the Egyptian Electricity Transmission Company (EETC) have made plans to build a 200 MW wind farm in Ras Ghareb. The project will cost some USD216.7 million.The government is gearing up to launch a new international tender for natural gas exploration in at least ten areas in the Mediterranean and waters in the Delta. The Saudi Public Investment Fund is considering buying a state in the Egyptian Electricity Transmission and Distribution Company, a subsidiary of the Electricity Holding Company. The government last week announced the National Low-Carbon Hydrogen Strategy, which aims to transform Egypt into a global hub that targets 5-8% of the global green hydrogen market by 2040.Egypt's 5-year CDS rate cooled down to 6.57% at the end of trading on Friday, compared to 7.34% on August 7.The Sovereign Fund of Egypt (SFE) CEO Ayman Soliman has resigned from his post, according to media reports.The Ministry of Petroleum is studying fair pricing of gas for factories.SWDY (FV: EGP45.69, EW) posted a solid set of results for 2Q24 with attributable earnings surging to EGP4.5 billion (+68%, +12% QoQ). In 1H24, net attributable income soared to EGP8.4 billion (+52% YoY) SWDY is trading at FY24e P/E of 10.2x and EV/EBITDA of 4.9x. LCSW (FV: EGP30.08, OW) reported steady 2Q24 consolidated results. Net attributable income came in at EGP150.4 million (-10% YoY, -69% QoQ). 1H24 net attributable income surged 144% YoY to EGP627.9 million. LCSW is currently trading at FY24e PE of 2.5x and EV/EBITDA of 2.1x.MCQE reported expectedly fragile 2Q24 consolidated financial results. Attributable bottom-line came in red, recording a loss of EGP1.1 million in 2Q24, reversing previous quarter profit of EGP31.5 million, yet reducing 2Q23 loss of EGP21.9 million. This brought 1H24 net attributable income to EGP30.4 million (-30% YoY). MCQE is trading at FY24e P/E of 17.4x and EV/EBITDA of 6.8x.SCEM reported a net attributable income of EGP651.3 million in 1H24 reversing comparative period net loss after minority of EGP79.7 million. The Egyptian government is considering reducing gas prices for ceramic factories to support the industry and stimulate its export.The government is studying increasing the tariff for purchasing electricity generated from waste by 68% to reach EGP235 piasters per kilowatt hour, instead of EGP140 piasters, from projects launched by the private sector.EKHO released 2Q24 financial results, posting a 32% YoY decline (-56% QoQ) in net profit to record USD28 million, down from USD40 million in 2Q23 and USD63 million in 1Q24.MFPC is paying out a dividend of EGP3.75/share.EFIH reported 2Q24 results. Net attributable profit recorded EGP300 million (-31.2% YoY, -35.1% QoQ), bringing 1H24 net attributable profit to EGP763 million (+6.2% YoY), implying a NPM 33.4% (-8.0pps YoY). EFIH is currently trading at 2024f P/E of 31.7x and EV/EBITDA of 19.3x.CICH (FV: EGP8.00, OW) released 2Q24 financial results. Net income after minority interest and taxes rose 146% y/y in the first half of 2024 to EGP1.3 billion. CICH is currently trading at P/E24 of 3.1x and P/B24 of 0.7x.

Egypt's annual urban consumer price inflation eased to 25.7% in July from 27.5% in June. The Central Bank of Egypt is looking to raise some EUR600 million from auctioning off one-year EUR-denominated treasury bills. The hot money outflows last week, triggered by the global markets meltdown, represented no more than 7-8% of foreign investors' holdings of our debt instruments, Prime Minister Mostafa Madbouly said.Foreign investors sold some USD600 million worth of local debt instruments during the days leading up to last Monday as they poured their capital into safe-haven assets. Madbouly said that he had asked the Finance Ministry and the Central Bank to renew the subsidized loan program that targets industrial activity.The government is studying shifting tax brackets up in light of continued inflationary pressures.Egypt and the UAE inked an MoU to build a USD3 billion oil logistics zone at Al Hamra Port on the Mediterranean coast.Chinese electronics and household appliance manufacturer Hisense and the UAE's FBB Tech have inked a contract with Chinese industrial developer Egypt TEDA to establish a USD38 million electronic devices manufacturing facility in the China-Egypt TEDA trade zone in Ain Sokhna, according to a cabinet readout.The Electricity Ministry is close to inking an agreement with Emirati state-run renewables giant Masdar to build a 200 MW wind farm. The proposed project will cost USD180 million.Emirati firm Dana Gas has collected USD21 million in receivables from Egypt in 1H 2024, receiving 64% of its dues for the period.Local banks have started opening documentary credits to import a number of goods that were prohibited, after obtaining approvals from the Central Bank of Egypt.Food exports were up 25% y-o-y in 1H 2024 to record USD3.2 billion.The Oil Ministry targets finalizing a natural gas treatment station by mid 2025 to accommodate for the targeted increase in the Egyptian natural gas production. The project costs USD600 million. Energean found two layers full of gas and oil in an exploratory well in Egypt. It expects the well to produce 15 million cubic feet of gas per day, in addition to condensates, during the current week.Apache spent USD50 million on explorations in Egypt during 1H24.ORAS-Toyota consortium plans to execute a wind power station with a capacity of 3 GW, according to local media. The price of laying chicks jumped on the black market to EGP100 as a result of many producers selling laying parent chicks due to the lack of feed during the previous period.Non-banking financial services firm GlobalCorp has raised EGP1.32 billion in a securitized bond issuance. 

Nordex has announced the N169 5. X turbine, specifically designed for the American market. Infinity Power, a joint venture between Egypt's Infinity and Abu Dhabi's Masdar, has outlined a plan to develop one gigawatt of renewable energy projects in Sierra Leone by 2033. Modvion has received a €2 million investment from CMPC Ventures, the innovation arm of the Chilean forestry company CMPC. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech. And I'm here with the founder and CEO of IntelStor, Phil Totaro, and the chief commercial officer of Weather Guard, Joel Saxum. And this is your News Flash. News Flash is brought to you by our friends at IntelStor. If you need market intelligence that generates revenue, then book a demonstration of IntelStor at IntelStor. com. First up, German wind turbine manufacturer Nordex has announced a new addition to its product line, specifically designed for the U. S. market. The N169 5. X turbine boasts a rotor diameter of 169 meters and can generate up to 5. 5 megawatts of power. This new model is optimized for regions with low to medium wind speeds and limited grid capacity. Okay, Phil. Nordex must be seeing a market develop in the United States and they developed a turbine for that. What's their ability to build that turbine in the United States? Philip Totaro: First of all, let's look at why they're doing this in the first place. So, About six or seven years ago, I had spoken to some of their product folks and said, Hey, look at this Acciona three megawatt, 140 meter rotor product that they had. And this was just after the merger, before they started designing this Delta platform that they got. That product, fit a gaping hole in the US market where they needed something low wind speed at a higher average power rating than, the 1. x and, the stuff that we had in the market. And it's actually what led GE to also go in that direction and develop something that was a 3 megawatt 140. It evolved into a 3. 6 154. Vestas launched last year, and they've been installing recently the V163 4. 5. So, this new Nordax turbine is based off of their Delta 4000 platform, which, for those that don't know, that's their N149, their N163, 155. That's between, 4. 5 and, and five megawatts. What they're doing with this is besides having a longer rotor, which gives them access to lower wind speed sites, they're leveraging the. Supply chain infrastructure that's already in place. So they've got, generators, they got electrical equipment converters, controllers, et cetera, that fit that kind of, 4 to 5 megawatt product range where they'd be able to leverage that supply chain for this product. They are, probably going to be building these in addition to what they already publicly announced with restarting their factory in Iowa. They're probably going to be building these in Iowa as well and it looks like they will be able to take advantage of some of the domestic content. Bonuses for the production tax credit and potentially even some of the Manufacturing tax credits as well. So I think all in all a great fit for a market need. Joel Saxum: And this comes at the same time as Nordex is making moves in the United States outside of offering this new product They also input a new CEO of Nordex is North American operations Manav Sharma on June 1st of this year. So, Nordex making some moves,

Siemens Gamesa has received a €1.2 billion line of 'green' guarantees from the Spanish government along with a group of major banks. Masdar is finalizing a deal with Endesa to acquire a 49 percent stake in their 2, 000 megawatt renewable energy portfolio. Leeward Renewable Energy has secured $1.25 billion in financing for its construction warehouse facility. The Welsh government has established Trydan Gwyrdd Cymru, a publicly owned renewable energy developer. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of WeatherGuard Lightning Tech, and I'm here with the founder and CEO of Intel store Phil Totaro and the chief commercial officer of WeatherGuard, Joel Saxum, and this is your News Flash. Newsflash is brought to you by our friends at IntelStor. If you want market intelligence that generates revenue, then book a demonstration of IntelStor at IntelStor. com. In Spain, Siemens Gamesa has received a crucial financial boost. The Spanish government and major banks have granted the company 1. 2 billion in green guarantees. This support will help Siemens Gamesa, which has been facing financial challenges, To back its wind energy projects, the company is also undergoing leadership changes with Vinod Philip, set to become the new CEO in August. So Phil, this backing by the Spanish government and banks within Spain is a welcome entrant into the Siemens Gamesa financial situation. Philip Totaro: It is and it's something that they've been asking for for a while in terms of receiving some level of support. It seems a little lower than what they wanted unfortunately for them. And keep in mind, this is almost like a, a line of credit type of thing. They don't have to necessarily tap into this unless they, they actually need it. First of all the second aspect of this is that, the unions are also going to be all over this saying, well, this is ample evidence that you can, keep us on board and keep paying us or it, as it turns out, may have been necessary for them to receive this funding to be able to keep the, the unions happy. So. We'll see how much of this they, they end up actually needing. This will presumably be part of their financial reports in the future. How they're, how they're putting these funds to use. But hopefully they don't need to tap into it too much and they can, get back to being a thriving company. Joel Saxum: My, my main concern with it is if it's a prop up or is it, is it real, right? So is this something that's going to really boost them along? Do they really need it? Is it too, is it too little too late or is it just going to sit in an account and not be used? So. I think that what you'll see from Wall Street and the investors and stock prices is going to be a little bit different than what reality is. Allen Hall: Abu Dhabi's renewable energy group, Masdar, is making moves in the Spanish market. After a failed bid for Nanergy, Masdar is now finalizing a deal with Endesa to acquire a 49 percent stake in the 2, 000 megawatt renewable energy portfolio. This could be one of the largest renewable energy deals in spain this year phil Philip Totaro: yeah this comes on the back of master making moves in europe as we've talked about on newsflash and on the uptime podcast previously so the reality of this is this is you know also uh kind of building on what we talked about last week with china.

Masdar acquires Greece's Terna Energy for 2.4 billion euros, eyeing further European renewable energy investments. Nissens Cooling Solutions relocates production from Europe to Eastern Europe and China due to economic pressures, highlighting EU industry challenges. JSW Steel USA invests $110 million in Texas facilities to support U.S. offshore wind development, leveraging Inflation Reduction Act incentives. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech, and I'm here with the founder and CEO of Intel store, Phil Totaro. And the chief commercial officer of Weather Guard, Joel Saxum. And this is your News Flash. News Flash is brought to you by our friends at IntelStor. If you want market intelligence that generates revenue, then book a demonstration of IntelStor at IntelStor. com. Masdar has announced plans to acquire Greece's Tera Energy. The deal, valued at 2. 4 billion euros, marks the largest energy transaction on the Athens Stock Exchange. Master will initially acquire 67 percent of Terna Energy shares with the intention to reach 100 percent ownership through a subsequent all cash tender offer. This acquisition is expected to significantly boost Greece's renewable energy capacity and contribute to the EU's net zero carbon footprint. By 2050 target. All right, Phil. Masdar's back at it again. Philip Totaro: Well, and this starts off a campaign of theirs to invest in properties in Europe. Terna Energy's got wind a little bit of solar, a little bit of hydro, and a little bit of biomass. It's about 1. 2 gigawatts worth of wind at this point, but a six gigawatt renewables portfolio that they actually want to install. So this is going to provide them with, the capital that they need to be able to pursue that. But Mazda looks like they're not done. They've come out in the financial times and publicly stated that they're looking for other investment vehicles in Europe. And it sounds like there are some in. Germany and possibly Finland, Sweden maybe Holland as well, that, that they could they could gobble up here as, as they look to expand. Allen Hall: Danish wind supplier Nissens Cooling Solutions has decided to move all its production abroad to reduce costs. The company, which produces cooling solutions for a major European wind turbine manufacturers, will relocate its production to existing facilities in Slovakia. the Czech Republic and China throughout 2024. The decision comes in response to difficult market conditions, including geopolitical tensions affecting order timing and supply chains, as well as fluctuating material and energy costs. Phil, inflation is a big deal in Europe still, it is still causing major upset in the supply chain. We've seen a couple of other companies move out of essentially Europe into Eastern Europe and into China because of similar issues. This is just continuing for months now. Is Nissens still on the leading edge of this movement, or are there more to come behind them? Philip Totaro: It's entirely possible there's more to come, because, as you mentioned, inflation is part of it. It's really the lack of support that the industry's been given by The EU government and then the individual countries themselves, Denmark can't, step in and save every single company just like we see with Spain not being able to step in really and do anything for Siemens Gamesa either.

- Emirates Group announces 2023-24 results- Fines For Influencers In Abu Dhabi Announced- Masdar to buy 67% stake in Greece's Terna Energy

The Federal Reserve held interest rates steady at their current range of 5.25% to 5.5%, and revised its outlook for rate cuts to just one in 2024. The CBE revealed that the balance of foreign investments in Egyptian treasury bills in March, surged to USD32.5 billion, up from about USD13.7 billion in February. Chinese shipping and logistics group Cosco Shipping will invest USD375 mn this year to increase its container capacity at various Egyptian ports. AD Ports will develop, operate, and manage three cruise terminals in Hurghada, Safaga, and Sharm El Sheikh that will launch in 2025, after inking a concession agreement with the Red Sea Port Authority that will see AD Ports invest USD4.7 mn over 15 years. EBRD is mulling over extending a USD71.7 mn senior loan to finance a 200 MW wind farm in Ras Ghareb, developed and operated by the UAE's Masdar and Infinity Power. Egypt joins Pakistan, Nigeria, and Kenya as one of the once-unloved emerging markets that “lured” investors back into their local debt instruments with higher interest rates and liberalized exchange rates, the Financial Times writes. Egypt saw investors pour some USD 15 bn into local bonds this year, the majority of which came following the announcement of the Ras El Hekma agreement. Egypt is preparing to begin bidding procedures to an international consultant to develop a strategy to localize the manufacture of electronic chips and solar cells. The CEO of the General Authority for Investment and Free Zones stated that Egypt attracted FDI worth USD10.04 billion in FY23-24, with a growth rate of 12.3% compared to the previous fiscal year. Egypt was recently able to pay USD400 million arrears to the airlines operating at various Egyptian airports. SWDY is to reduce its capital from EGP2.17 billion to EGP2.14 billion by cancelling treasury shares in total of 30 million shares at a par value of EGP1/share. Accordingly, we adjust SWDY's FV to EGP45.51/share from EGP44.88/share taking into account the new number of shares of 2.14 billion shares, instead of the previous 2.17 billion shares, post listing the issued capital decrease, effective 24 June 2024. EGCH general assembly approved the adoption of the final price for the additional work of the nitric acid and ammonium nitrate project for the equivalent of USD117 million (USD97.4 million and EGP 937.8 million).  MOIL posted standalone net profit of USD609 thousand for the year ended 31 March 2024 as compared to a net loss of USD481 thousands last year.  COMI reduces the interest rate by 2% on the 3-year fixed rate CD, becoming the first bank to announce a reduction in interest rates on savings certificates, after the inflation rate declined in May to the lowest level in two years.

Allen Hall, Philip Totaro, and Joel Saxum discuss the sale of Siemens Gamesa's India Wind Turbine unit, Iberdrola's acquisition of remaining Avangrid shares, and Auren Energy's merger with AES Brazil Energy. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech, and I'm here with the founder and CEO of IntelStor, Phil Totaro, and the chief commercial officer of Weather Guard, Joel Saxum. And this is your News Flash. News Flash is brought to you by our friends at IntelStor. If you want market intelligence that generates revenue, and who doesn't? Then book a demonstration of Intastore at intelstor.com. Siemens Energy has put the India Wind Turbine unit of its subsidiary, Siemens Gamesa Renewable Energy, up for sale. The India business has an annual revenue of 700 million and is being valued at 1. 5 billion. 1 billion for the transaction. Siemens has appointed Investment Bank Barclays to find buyers with Adani Renewable Energy, TPG Rise, Brookfield Energy, Transition Funds, Macquarie, and Masdar being sounded out. Siemens Gamesa has reported poor results over the last few years and has been working on a turnaround, of course, aiming to break even in 2021. 2026. Phil, how does this fit into the overall strategies for Siemens Gamesa with this India sale? Philip Totaro: It's interesting because they have said that they're still interested in doing something in the Indian market and it sounds like they want to continue servicing some of the projects in India, but the fact that they would put You know, whatever other assets they have up for sale, potentially inclusive of their their order book, so to speak with sales and services is quite fascinating for companies like, INOX and Adani Group, who it sounds like is the the leader of this charge to potentially acquire. These assets, it would actually be a pretty good fit for Adani because they don't necessarily need the Siemens turban technology but they would want the manufacturing facilities and certainly some of the services order book that, that they could acquire through this. Joel Saxum: And would it be smart for a competing OEM to try to scoop this up just to get a peek at some of the. IP. Now I'm not saying the IP is going with it because of course you're not going to sell that. But if you're going to get the services portfolio, you've got to get every in depth piece of schematic and all these other things with it. So my question would be then what's all going to go with this sale, right? You're going to have, you may have the services order book crate contracts for service. There's a, because we all know there's a lot of G 97 G one fourteens. There's a ton of two megawatt ish machines that are Siemens Mesa in, right? India. So you get that, you may get some manufacturing facilities and other things, but it's really a confusing sale to me, but just because I don't understand. What the value of Siemens Gamesit to me is the turbine IP, but you're not getting any of that. You're just getting this like commercial and services side. Am I correct or am I seeing something incorrect here? Philip Totaro: No you're correct. The value would be different to different companies. So let's, if we go through the list of, the companies Allen just rattled off, you look at Brookfield the reason that they would be interested in this is purely for the services side of the business,

Masdar signs a land access deal for a 10 GW Egyptian wind project. Goldwind acquires GE's idle Brazilian wind turbine factory. Canadian pension fund CDPQ faces hurdles deploying energy transition capital in Asia. Sweden's EQT moves to acquire renewable developer OX2 for $1.5 billion. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech. And I'm here with the founder and CEO of IntelStor, Phil Totaro and the chief commercial officer of Weather Guard, Joel Saxum. And this is your News Flash. News Flash is brought to you by our friends at IntelStor. If you want market intelligence that generates revenue, then book a demonstration of IntelStor at IntelStor. com. Renewable energy major, Masdar, is joint venture Infinity Power and partner Hassan Alam Utilities have signed a land access agreement with the Egyptian government for a massive 10 gigawatt onshore wind project. The deal provides the consortium with over 3, 000 square kilometers of land in West Suhag to conduct necessary studies and surveys to advance the project. When completed, this wind farm is expected to generate nearly 48, 000. thousand gigawatt hours annually, reducing Egypt's carbon emissions by 9 percent and helping the country achieve its 42 percent renewable power target by 2030. It could also save Egypt an estimated 5 billion per year in natural gas costs. Phil Masdar, once again, doing amazingly large projects. Philip Totaro: Yes, and this thing is going to involve a significant amount of investment. And Mastar's the type of company that hasn't shied away from sourcing turbines from China, for instance. So this could end up being a big deal for Envision or Goldwind. Egypt right now has, I think about 1. 6 gigawatts of wind operational, pretty much all along the the Suez Canal and the Red Sea. But this is, taking advantage of an ample amount of space that still exists out there and reasonably close proximity to to Cairo, where I think a lot of the power will end up getting piped into. Fantastic news, again, to see, in general development in Africa. And we'll see how this evolves in terms of, what they line up as far as the supply chain players that are going to be a part of this. Joel Saxum: If I was to recommend anything to anybody from Mazdar in the development phase or Hasan Alam in these, in, while they're planning this, Do a really good study on leading edge protection because you're going to need it. Philip Totaro: Sand and wind turbine blades don't mix. Allen Hall: Chinese wind turbine manufacturer Goldwind Technology has completed its acquisition of a wind turbine factory in Brazil from General Electric. The plan has been idle since 2022 when GE had left the company. Brazil by producing turbines at this facility, Goldwyn can meet local content requirements set by Brazil's largest financing bank, BNDES enabling wind farm developers to secure long term financing. Goldwyn plans to begin mass production at the factory by the end of 2024 and aims to capture 25 to 30 percent share of Brazil's new wind turbine market in the coming years. Phil, a lot of moving pieces in Brazil at the moment with a Goldwyn entering and GE and others exiting Brazil. Philip Totaro: There are. But Brazil's a bit of a challenging market at this point. Goldwind thankfully at least has some projects that they've already secured the rights to and everything where...

Global ratings agency Fitch revised Egypt's outlook to positive from stable. Tourist arrivals to Egypt increased 27% YoY in the first four months of the year.Foreign holdings of local debt have more than doubled to USD35.3 billion as of March from USD16.6 billion at the end of 2023.Total orders issued under the government's car-for-FX initiative have reached just under USD2 billion, according to a statement from the Immigration Ministry. Al-Ahly Exchange Company, affiliated with the National Bank of Egypt, has attracted foreign exchange proceeds amounting to EGP12.386 billion since the liberalization of the exchange rate on 6 March 2024.The IMF expects Egypt's USD cash flows to rise during the current fiscal year by about USD13.7 billion to reach USD107.3 billion, up from USD93.6 billion in FY2022-23, mainly due to investments in the Ras El Hekma deal.Egypt's petroleum trade balance turned into a deficit of USD1.1 billion during 2M2024 compared to a surplus of about USD1.73 billion in the same period last year. The government reduced the volume of direct borrowing from the CBE last March by 24% on a monthly basis to EGP1.697 trillion.Emirati energy company Masdar intends to expand in the fields of solar and renewable energy and green hydrogen in Egypt through Infinity Power in the Suez Canal Economic Zone and the Mediterranean Coast.Norway's Höegh LNG will send a floating storage and regasification unit to Ain Sokhna next month, as per an agreement it signed with state-owned Egyptian Natural Gas Holding Company and Australian Industrial Energy (AIE), according to statements from the Oil Ministry and Höegh LNG. ETEL is looking to secure USD500 million in supplier financing from an unnamed Chinese institution to restructure the company's credit facilities and meet capital requirements, according to local press.The FRA gave a nod to ESRS (FV: EGP97.02, OW) to proceed in its capital decrease of EGP4.55 million to reach EGP2.71 billion through canceling 910,481 shares at a par value of EGP5/share. The Egyptian Federation for Construction and Building Contractors has signed a cooperation protocol with the Iraqi Federation of Contractors to study the partnership between Egyptian and Iraqi companies in light of plans to sign agreements with international institutions in the coming period to finance Iraqi projects, especially the Islamic Development Bank.The CBE issued new ownership rules for banks where buyers who are going to acquire more than a 10% stake in a bank, or a stake that would otherwise grant the buyer voting rights, will have to file a request to the CBE at least 60 days ahead of finalizing the agreement. Banque Misr's Misr Digital Innovation (MDI) received preliminary approval from the Central Bank of Egypt to launch the country's first digital bank.Basata Financial Holding is also looking into setting up a digital bank. The company is reportedly in the process of studying the requirements of acquiring a digital bank license.EBRD has greenlit a senior unsecured loan of up to USD20 million to CIEB that will be used to support Egyptian households and private MSMEs to back climate adaptation projects.CIRA settled the final installment of its EBRD loan, worth EGP270 million. Additionally, the company aims to issue securitization bonds of around EGP500 million in the next fiscal year, representing the remaining part of the total program of EGP2.0 billion, according to local press.

New Jersey has created the New Jersey Green Bank to support the state's clean energy projects. Hellenic Cables Americas has been allocated a $58 million tax credit for its planned cable factory in Baltimore, Maryland. Vestas decides not to lower prices in order to turn a profit. Masdar is planning a possible entry into the Chinese renewable energy market. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech. And I'm here with the founder and CEO of IntelStor, Phil Totaro, and the chief commercial officer of Weather Guard, Joel Saxum. And this is your NewsFlash. NewsFlash is brought to you by our friends at IntelStor. If you want market intelligence that generates revenue, then book a demonstration of IntelStor at IntelStor. com. The New Jersey Economic Development Authority Board has created the New Jersey Green Bank to support the state's clean energy transition. The Green Bank will use various financial tools such as debt and credit enhancements to invest and attract private capital for New Jersey's clean energy sector. The bank will focus on projects, technologies, and companies that support the state's climate goals. Particularly in areas like zero emission transportation, building decarbonization and resiliency, and clean energy generation and storage like wind energy. Phil, this is unique for the United States where a separate state has created a bank to fund renewable projects. Philip Totaro: Yeah, this is really interesting and compelling that other states have tried employing other forms of investment vehicles to try and park money into project development, but this is a pretty unique thing where they're going to specifically focus on clean energy. And, do it with it sounds like the help of federal funding that they've been able to obtain. This is going to be great for offshore wind and battery storage technology, I think, deployed throughout the state of New Jersey. All in all I think this is a win. Joel Saxum: Yeah, I like the in the press conference here, they state each investment made by the NJGB must demonstrate benefits for New Jersey. Great, it's their state, it's their money. But, this is the part I like. It must be new, rather than refinance and reduce greenhouse combustion greenhouse gas emissions or other pollutants. So it has to have, measurable effect for helping the climate out. And it must be new, so it's putting new things out there. And I know like New Jersey right now is actually pretty heavy on doing quite a few solar installations as well. A lot of good things coming there. I would like to see other states put this into place. Allen Hall: Helena Cable Americas, a subsidiary of Synergy Holdings. has been allocated a 58 million tax credit for its planned cable factory in, of all places, Baltimore, Maryland. The company intends to build a 300 FID, that will manufacture subsea and underground cables for offshore wind and power grid applications. Helena Cable America successfully applied to the Department of Energy and received an allocation letter from the IRS granting its request for a qualifying advanced energy project transferable tax credit, or as we call it IRA 48C. Now Phil, the IRA 48C, we haven't experienced a lot of that yet. Helena Cable's is one of the early entries there. What do you think so far? Philip Totaro: So this is great.

Masdar acquires stake in Terra-Gen, RWE's stock price drops 25%, Global Wind Service signs agreement with RWE, and Maersk Supply Service partners with Edison Chouest Offshore for U.S. offshore wind farm installations. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech, and I'm here with the founder and CEO of IntelStor, Phil Totaro, and the chief commercial officer of Weather Guard, Joel Saxum. And this is your News Flash. News Flash is brought to you by our friends at IntelStor. If you need actionable information about renewable projects or technologies, check out IntelStor at intelstor.com. Masdar has signed an agreement to acquire a 50 percent stake in Terra-Gen power holdings from Energy Capital Partners, who will exit its position. Terra-Gen operates approximately 2. 4 gigawatts of wind and solar and 5. 1 gigawatts of energy storage facilities across 32 countries. U. S. sites, mainly in California and Texas, the transaction is expected to close by the end of 2024, while Igneo infrastructure partners will retain its existing 50 percent stake in the company. So Phil, this is crazy because Mazdar is making big plays in Europe and now the United States. This is an impressive investment. Philip Totaro: Yeah. And we've talked in recent episodes about the fact that Masdar has been making moves back at COP 28, they had publicly announced they were going to spend something like a hundred billion dollars in the next, five or 10 years or something on projects. And I think it was like 42 different countries. This one's interesting because of the energy storage play. Energy storage not only has huge growth prospects in the United States, but a company that is as financially focused as Mazdar is. They want to get in on energy storage projects because it gives them the opportunity to do hedging and energy trading. This is exploding globally. And certainly, if you're in ERCOT and you've got energy storage, you are making bank right now. And California as well. There's all kinds of markets where, you know, especially if you can time shift power delivery away from negative pricing, which, again, you see sometimes in ERCOT or in CAISO. This is this is a big opportunity for them. So I like this deal. Allen Hall: New article from Reuters discussing the valuation of RWE, and if you've been following RWE lately, it has dropped 25 percent this year, its stock price has as it tries to transition to more renewable power generation. CEO Markus Krebber faces three main challenges, according to the article, depressed electricity prices due to low gas prices, falling green, Valuations due to rising interest rates and the company's legacy assets in coal. And if you, and Joel if, We, I've been watching RWE the last several weeks, even though they're making massive investments in renewable energy, they don't seem to be getting any credit for it from the stock market. Joel Saxum: Yeah, it's interesting because we talk about RWE doing big things all the time, right? They're always making some moves. I'm over here, Bilbao, they had a big sign on their side of their booth, 65 gigawatts of clean generation by 2030 is a goal. That's massive, right? That's, those are huge numbers, 65 gigawatts. So to me, when you actually, you brought this up and said, yeah, actually RWE stock price is not doing that well. That was very surprising to me.

Will EGP flotation trigger drug price revisions?Thoughts on potential impact on producer sales and FVsAccording to local media, Egyptian drug producers intend to officially request for a price increase of at least 50% during their upcoming meeting with EDA to absorb the rise in production costs.Accordingly, we expect a gradual increase in drug prices to be implemented soon, reflecting a positive impact on pharma market growth as well as producers' revenues and gross profit throughout 2024. This impact will not reflect immediately, but will be gradual as repricing is approved on several rounds.Two scenarios for price increases •   1st scenario: a minimum of 30% increase in pharma market sales, mirroring pharma market growth in 2023 which was driven solely by increase in ASP•   2nd scenario: a rise of 50% in pharma market sales, which is the percentage demanded by pharmaceutical companies-ISPH to benefit the most out of any price increase, whether 30% or 50%, since it is an FX-neutral stock with no direct costs in foreign currency - The upside potential in RMDA and PHAR is not meaningful unless the price increase is 50% or more The World Bank Group (WBG) announced over USD6 billion in support to Egypt over the next three years. The WBG will provide the funding through a comprehensive program that includes USD3 billion for governmental programs and an additional USD3 billion for the private sector. Egypt's credit outlook was lifted to positive from stable by S&P Global Ratings, which affirmed the rating at B-. The EU will disburse some EUR1 billion worth of concessional loans in the short term, Egypt's ambassador to the EU. The remaining EUR4 billion will be extended in tranches starting the end of this year, he added. The soft loans will come with interest rates of no more than 3% and will be paid over no less than 20 years. Customers have sold over EGP3 billion worth of foreign currency at the National Bank of Egypt's foreign currency exchange bureau. Minister of Finance said that the allocations for health and education are increased by 20% in the FY2024-25 budget despite planned rationalization and fiscal consolidation, adding that subsidies for bread will increase to EGP120 billion up from EGP83 billion in the current budget, while fuel subsidies are estimated at EGP147 billion up from EGP119.4 billion. The Trade Ministry has extended its ban on the export of sugar for three months. The ban, which runs through June 2024, exempts surplus quantities beyond local market needs and this marks its second extension since December. The government is working with the Central Bank of Egypt to secure the FX needed to import 1 million tons of sugar in order to fill the needs of the domestic market.  According to local media, the Egyptian Drug Authority (EDA) will hold a meeting next Tuesday to discuss the pharma pricing scheme following the central bank's decision to float the EGP. The Ministry of Transportation finalized the allocation of 9.5 million feddans in Suhag and Aswan to investors by the end of last January mainly for launching wind and solar power stations. Among the investors are ORAS, Aqua Power, Nowais, and Masdar. MASR (FV: EGP5.24, OW) launched Theqa, a property warranty which is designed to substitute maintenance deposits by requiring the customer to pay for maintenance and operation services without any additional increases or differences for up to 20 years upon receipt of the unit. On a separate note, according to local media, MASR is working to acquire a 400 feddan land plot on the North Coast and aims to grow its total land bank to 20,000 feddans. The Indian Rana Group wants to establish a green hydrogen project in Egypt with USD

Masdar acquires stake in Dogger Bank South wind farm, Statkraft invests in Norwegian renewables, Siemens Energy secures credit line to support wind turbine subsidiary. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech. And I'm here with the founder and CEO of IntelStor, Phil Totaro, and the chief commercial officer of Weather Guard, Joel Saxum. And this is your News Flash. News Flash is brought to you by our friends at IntelStor. If you need actionable information about renewable projects or technologies, check out IntelStor at intelstor.com. Masdar, an Abu Dhabi based renewable energy company, has completed its acquisition of a 49 percent stake in the 3 gigawatt Dogger Bank South offshore wind project in the UK. The project, located more than 100 kilometers off the northeastern coast of England, will be one of the world's largest offshore wind farms. Masdar and RWE signed an agreement to collaborate the 11 billion pound project at COP 28 in the UAE last December, that the two companies will work together to develop and operate the wind farm with construction potentially starting at the end of 2025. The first 800 megawatts of electricity are expected to come online in 2029 with full commissioning by the end of 2031. Now, Phil, this is becoming more routine. where the large operators like RWE are selling off a significant portion, almost 50 percent of these projects to raise revenue for the next project. Masdar, on the other hand, seems to be becoming very aggressive in the renewable space. Philip Totaro: Yes, and actually what was interesting is you mentioned that this was announced back at COP28. One of the things that we never got a chance to talk about on the show before Is the fact that Masdar at that time announced something like close to a hundred billion dollars worth of investment that they were going to be making in, multiple projects in, I, I want to say something like 21 different countries including, far flung places like Uzbekistan and wherever, but this is part of a deliberate strategy on their part to start putting more money behind renewable projects because they're seeing returns that are good enough, especially on, an RWE built and operated project. This is the sort of thing that good operators can do is they can attract capital to come in and help them, provide that mechanism to invest in new greenfield or repowering projects. So it's a great business model. And again the clever operators and the operators who have a robust and healthy portfolio projects, they are the ones that are able to attract that investment. Joel Saxum: Yeah. Masdar, it's a good move. And in my opinion, you start to see, like we've been talking a lot of this big infrastructure, big money investing in infrastructure, specifically energy infrastructure, a lot different than some of that other Middle Eastern big money spent like Saudi Arabia, buying golf leagues, building cities and things like that in the desert. But Masdar they are in, even in the United States onshore, they own parts of four different wind farms all of them in Texas. So they're spreading their money around, Globally. Allen Hall: Statkraft, the Norwegian state owned energy company, plans to invest up to 6. 3 billion in Norwegian hydro and wind power projects. The company's annual report for 2023 showed a decrease in revenue and profits compared to t...

Hydrogen plays a crucial role in the transformation: it is a versatile energy source, storage, and carrier, but how can a hydrogen economy become a reality? What could the required infrastructure look like in our near future? Who will bear the associated costs? And how can the truck industry use hydrogen profitably? Martin Daum discusses all of this with Dr Sopna Sury. She is responsible for the hydrogen strategy of the global energy company RWE and explains what challenges and opportunities energy suppliers see and what specific goals RWE has set itself. More information: https://dth.ag/dt-hydrogen-facts Listen now and subscribe to the podcast: Daimler Truck Corporate Website: http://dth.ag/daimlertruck-sury Apple: http://dth.ag/apple-sury Spotify: http://dth.ag/spotify-sury YouTube: http://dth.ag/youtube-sury Deezer: http://dth.ag/deezer-sury Google: http://dth.ag/google-sury Additional note: This podcast episode was recorded in December, so the recently announced green hydrogen project with Daimler Truck and Masdar is not discussed. You can find more information about this project here: https://dth.ag/daimlertruck-hydrogen-en

Aus dem Börsenradiostudio begrüßt Sie Peter Heinrich. Der EZB-Entscheid, den Leitzins bei 4,5 % zu halten, hat den DAX über die 16.900-Punkte-Marke gehievt, mit einem Schlussstand von 16.906 Punkten (+0,1 %). Während Andreas Groß vom Fondskongress in Mannheim berichtet, bringt ein Impuls von der Wall Street frischen Wind in die Segel des Marktes, trotz der rezessiven Stimmung in der deutschen Wirtschaft. Unternehmensnachrichten: Tesla erlebt das schwächste Wachstum seit drei Jahren und prognostiziert eine Verlangsamung des Absatzes. IBM: Überrascht mit starkem Wachstum im Software- und Dienstleistungssektor, trotz angekündigter Stellenkürzungen. Apple erreicht in China den Status des führenden Smartphone-Anbieters, was den Erfolg des Unternehmens unterstreicht. Microsoft steigt zum zweiten Unternehmen auf, das einen Marktwert von drei Billionen Dollar erreicht, getrieben durch Investitionen in KI. Daimler Truck: Plant eine Kooperation mit Masdar zur Wasserstofflieferung. Nokia meldet einen deutlichen Gewinnrückgang, bleibt jedoch optimistisch und kündigt einen großen Aktienrückkauf an. "An den Finanzmärkten geht es nicht darum, recht zu haben, sondern Geld zu verdienen." - Carl Icahn

Kajian Nahwu Dasar

Every Sunday, Laurent and Gerard discuss last week's news in the Energy Transition.On the menu: Number of the week: 1 million EV produced in China in NovemberCOP 28: great success or “nothingburger”?Lithium crash (-80% YTD)EDF alone to finance the UK nuclear plant Hinkley Point CMasdar scoopers prized offshore wind farm assets in the North SeaAnd our short list for “Book of the Year”, winner to be revealed for Boxing DayMonetising Energy Storage (Oliver Schmidt)Material World (Ed Conway)The Edge (Jonathan Maxwell)How Big Things Get Done (Bent Flyvberg)

Christmas is just around the corner, or maybe it's too early for that kind of chat. Regardless, Ryan has decided to dawn his most garish festive shirt, it's as ugly as it is cheap. However, this is not a Christmas-themed podcast so the Energy Voice trio reluctantly discuss share prices, offshore wind investment and North Sea licences.   Allister kicks off the on-topic discussion by diving into Petrofac's share price woes soon after the firm saw values drop by as much as 50%. With low staffing levels for such a big firm and disappointing reports as of late, maybe this isn't the work of those ever-pesky stock shorters.   Masdar has been splashing the cash at COP 28 with some serious investment in UK offshore wind, Ed explains. The firm looks to secure 100GW of power and turning its attention to the UK will push it towards these goals. However, there are still issues to contend with in the wind space to be considered.    Finally, Ryan talks about mass relinquishments of licences in UK waters awarded in 2020's 32nd round, this could be down to the usual gripes oil and gas firms have in the country, namely fiscal uncertainty. Is this going to happen with those licences awarded earlier in the year?  About Energy Voice Energy Voice investigates and reports on what matters in global energy, helping sector leaders understand the geopolitical and economic factors underpinning current events, and giving them a view on what's coming over the horizon. Each year, 3.4m professionals use Energy Voice as a trusted source of breaking news and insight. For more information on how you can speak to those professionals across multiple platforms to build your brand and generate actionable business leads, visit energyvoice.com/content-services. For a 30 day free trial subscription to the Energy Voice website and app, visit energyvoice.com/subscribe.

El presidente de Iberdrola explica el acuerdo al que ha llegado su compañía con el grupo emiratí Masdar para invertir 15.000 millones en renovables.

As COP28 begins in Dubai, there are big investments in wind energy around the world. The European Investment Bank is backing wind energy with €5B to promote European-based wind manufacturing and development. In the U.S., Leeward Renewable Energy is using $580M for a wind and solar project. RWE and Masdar join forces for the 3GW Dogger Bank SouthWind Farm which will power 3 million homes. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech, and this is your News Flash. News Flash is brought to you by our friends at IntelStor. If you need actionable information about renewable projects or technologies, check out IntelStor at intelstor. com. The European Investment Bank has pledged 5 billion euros in guarantees to support Europe's struggling wind energy sector. Costs are soaring for turbine manufacturers as they face stiff competition from China. Back in 2022, the EU had a negative trade balance of over 400 million euros with China. In the wind sector, Chinese wind turbine prices are roughly 20% lower than those in Europe and the United States. The European Investment Bank funding should help companies secure more contracts and boost growth. It even extends support to international firms like GE, which have Europe based subsidiaries. Leeward Renewable Energy has secured $580 million to fund two lean energy projects in the U. S. The funds come in the form of tax equity commitments. That money will help build a 179 megawatt solar farm in Arizona. It will also repower an 80 megawatt Illinois wind farm by upgrading the turbines. Construction has begun on the Arizona project, while the Illinois wind farm upgrades are expected to go live in December. A massive new offshore wind project is coming to the U.K. German company RWE and UAE firm Masdar will develop The three Gigawatt Dogger Bank, south Wind Farm off the British Coast. Dogger Bank South would generate enough clean electricity for 3 million homes with RWE holding 51% and Masdar 49% Construction could begin in 2025 for first operations by 2029. The partners call it their largest ever renewable energy collaboration boosting UK and global climate goals.

durée : 00:04:30 - Le zoom de la rédaction - Alors que s'ouvre la COP28 à Dubai, direction Masdar, une ville qui a poussé en plein désert, dont les Émirats arabes unis ont fait une vitrine...Ils la présentent comme la ville parfaite pour les canicules, adaptée à un climat désertique. Petit tour du propriétaire.

À deux jours de l'ouverture de la COP28 à Dubaï, son président Sultan al-Jaber vient d'être pris en flagrant délit de conflit d'intérêt. D'après la BBC, en marge de la conférence où l'on discutera de la sortie des énergies fossiles, il prépare des rencontres pour promouvoir les intérêts pétroliers des Émirats arabes unis. Depuis sa nomination, son profil fait débat. Sultan al-Jaber, aujourd'hui âgé de 50 ans, a été d'abord président de Masdar, l'entreprise publique des Émirats dédiée aux énergies renouvelables, fondée en 2006 pour verdir la réputation de la pétromonarchie. Ses compétences en matière de décarbonation le propulsent dix ans plus tard à la tête de la compagnie nationale des hydrocarbures d'Abu Dhabi (Adnoc). Il devient l'homme du pétrole, un poste de premier plan renforcé par le portefeuille ministériel de l'industrie.Difficile d'imaginer qu'il va ranger au placard ses casquettes de PDG le temps de la COP28. Et nos confrères de la BBC en font la preuve en révélant son agenda caché : des réunions d'affaires programmées avec 27 pays au nom des intérêts pétroliers des Émirats, des rendez-vous inscrits dans des documents internes publiés par la radio.Cinq millions de barilsPour les Émirats, cette COP28 sera une formidable vitrine pour vendre leur savoir-faire dans l'énergie fossile, car loin de vouloir se désengager du pétrole, ils cherchent au contraire à pousser leur avantage le plus loin possible. Ils voudraient sortir cinq millions de barils par jour en 2030, deux millions de plus qu'en 2022. Ils prévoient d'exploiter du pétrole pendant encore cinquante ans. Un discours assumé par Sultan al-Jaber. Il a toujours plaidé pour que cette industrie soit intégrée aux discussions de la COP28.Selon cette enquête, en marge des négociations, les Émirats vont discrètement rencontrer les Chinois pour discuter du gaz naturel liquéfié (GNL) au Mozambique, en Australie ou au Canada. Ils veulent sonder les Colombiens pour proposer leur expertise afin de développer ses réserves d'hydrocarbures. Ils ont aussi des projets à proposer aux Français et aux Allemands. La feuille de route donnée à l'équipe des négociateurs émiratie divulguée par la BBC est sans équivoque : les intérêts des entreprises énergétiques du pays doivent systématiquement être pris en compte dans les discussions.Double casquetteSultan al-Jaber peut-il encore assurer son rôle de président ? Pour le moment, il n'y a pas eu de réactions officielles aux révélations de nos confrères. Il a déjà représenté son pays à de précédentes COP. Il connait donc la mécanique de ce grand ballet diplomatique réunissant 200 parties. Et sa double casquette qui fait frémir les pays du nord, du moins en public, est considéré comme un avantage dans les pays du sud.Le président du Kenya, l'un des pays africains les plus engagés en faveur du climat, n'a aucune réserve sur cette COP sur un baril de pétrole. Il souligne que les Émirats sont parmi les premiers investisseurs du continent dans les énergies renouvelables, à hauteur de plus de quatre milliards de dollars. Un atout concret non négligeable comparé aux discours tenus par les pollueurs historiques, les pays occidentaux, très lents à tenir leur promesse pour financer la transition des pays du sud.

As the world's attention turns to this year's COP summit in the UAE, questions remain about the host country and conference president. It's not the first time that an oil-producing country has hosted the climate change summit. But some environmental campaigners are unhappy about COP28 being held in the United Arab Emirates, and the choice of conference president, Dr. Sultan Al-Jaber – the CEO of the national oil company, ADNOC. However, supporters say that the country is extremely vulnerable to the effects of climate change, so it has as much of a right to host the conference as anyone else. Meanwhile, Dr Al-Jaber boasts considerable experience working in renewables – having previously run the UAE's renewable energy company MASDAR. So what's really going on? To find out more, presenter Graihagh Jackson is joined by: Sam Fenwick, presenter of the BBC World Service programme ‘Business Daily' Fiona Harvey, Environment editor at The Guardian Zeina Khalil Hajj, Head of Global Campaigning and Organising at 350.org Mia Moisio, climate policy expert at New Climate Institute and Climate Action Tracker Producer: Ben Cooper Researchers: Shorouk Elkobrosi and Octavia Woodward Series Producer: Simon Watts Editor: China Collins Sound engineer: Tom Brignell Production co-ordinators: Jacqui Johnson and Sophie Hill

We find out why he's a controversial appointment for the COP28 presidency. Sultan Al Jaber's appointment has been widely questioned because he's also the boss of Abu Dhabi's state oil company Adnoc. But supporters point to his work as founder of the green energy giant Masdar. Is he compromised or uniquely qualified? We speak to people who've interviewed him, worked with him, and can give us the inside track. Presenter: Sam Fenwick Producer: Lexy O'Connor (Image: Sultan Al-Jaber. Credit: Getty Images)

This week we talk about methane, the UAE, and organizational capture.We also discuss climate change, broken governmental promises, and Dr. Sultan Ahmed Al Jaber.Recommended Book: Raw Dog by Jamie LoftusTranscriptThe United Nations Climate Change Conferences, often referred to as COP meetings, short for "Conference of the Parties," are formal, annual meetings where issues related to climate change are discussed by attendees.These meetings have been occurring at their yearly cadence since 1995—though the November 2020 meeting was put off till November 2021, because of the COVID pandemic that almost entirely dominated international attention and governmental efforts, that year.COP meetings are held in different locations around the world, with host countries chosen from among those that offer to provide the requisite facilities and services for all attendees, which can represent a who's who of governments and businesses; so this isn't quite an Olympics level of commitment and expense, but it is quite an undertaking, as those host countries need to provide security for all those leaders, translation services for six different working languages, and they also need to help engage stakeholders, ranging from diplomats to the CEOs of the world's biggest companies, flogging support for the meetings themselves, but also the core themes of each meeting, which vary from year to year.These themes are important, as they've historically led to some of the most vital agreements we've seen between nations and other stakeholders, including the Kyoto Protocol, which was an early, 1990s-era emissions-reduction agreement between wealthy nations, and the Paris Agreement, which expounded upon that same general concept, though with much more aggressive targets and a wider scope of things the signatories had to take into consideration.On November 30 through December 12 of 2023, signatory nations and other entities will meet for the COP28 meeting, this time hosted in Dubai, in the United Arab Emirates.This is interesting for several reasons, but the most prominent—and the reason this choice was controversial—is that the UAE, like many other nations in the region, is a huge fossil fuel producer, about 30% of its total economy reliant on oil and gas exports.What's more, the President-Designate for COP28—the person who was put in charge of running things, but also getting those aforementioned stakeholders in line, making commitments, showing support, doing all the things they need to do to make this a successful COP meeting with something to show for their efforts—is Dr. Sultan Ahmed Al Jaber: the Minister of Industry and Advanced Technology for the UAE, the chairman of the Abu Dhabi Future Energy Company, also called Masdar, and the head of the Abu Dhabi National Oil Company—the first CEO to serve as a COP President, and, well, definitely the first oil company CEO to head up a meeting meant to help the world deal with climate change that's being amplified by the products his company is producing and selling.What I'd like to talk about today is COP28 and what we might expect to emerge from this very unusual, but also quite significant, get together.—Al Jaber's appointment as the COP president for this year's meeting was a controversial choice, to say the least.Dubai being selected as the host-city was one thing, but an oil executive running the show? This reeked, to some commentators and analysts, at least, as a sort of organizational capture: the United Nations either overrun by financial interests to the point that those interests were able to insert themselves even into this increasingly vital annual summit, or—maybe—the organization overcome by a naive sort of optimistic earnestness, wanting to get everyone involved, including those in some ways most responsible for the climate-related issues we face, to the point that the reins were ultimately handed over to one of those people, to do with as he and his ilk please.It's unclear which of these, or other possibilities explain this, again quite controversial choice of host city and president, but there has already been some more obvious, scandalous behavior arising from this meeting, beyond the jarring dissonance of having oil people run a climate change-focused meeting.Back in June of 2023, it was reported that the UAE's state oil company, Adnoc, was able to read emails to and from the official COP28 summit office, despite claims that the latter's email system was kept separate from the former's.The concern was that this state oil company, which would seem to have immense financial interest in slowing or stopping the transition from fossil fuels to renewables, as the longer they can keep legally and profitably pumping and selling, the more profit they can wring from their existing assets, they could see what was being said by and to the folks behind this climate summit, which is ostensibly at least meant to help speed up that transition away from fossil fuels.Those concerns were confirmed by The Guardian, and though the COP28 office altered their digital setup after the reporting was done, this added fuel to the concern-fire that was already burning because the UAE and Al Jaber were in charge of things; it seemed like they would have every reason in the world to put their thumbs on the scale and nudge the meeting in favor of the fossil fuel industry, given the chance, and this email issue seemed to confirm that notion.There have also been concerns that the UAE authorities will weaponize their already widespread digital surveillance apparatus—which is generally used to stifle religious and political freedoms in-country—to target COP meeting attendees with the same, tracking their actions and communications with spyware, among other violations.A letter was written to the UN by a bunch of politicians from the EU and US, asking the body behind the COP meetings to remove Al Jaber, and a slew of organizations and activists have separately done the same.The counterpoint presented by the UAE and Al Jaber himself, though, alongside supporters of how this meeting is coming together, including, at times at least, the US climate envoy John Kerry and EU climate chief Frans Timmermans, is that alongside his role running a state-owned fossil fuel company, Al Jaber also founded and runs Masdar, which invests heavily in renewable energy, and which is meant to serve as a foot in the door for the UAE as they attempt to reduce their reliance on fossil fuels; Masdar has invested in renewable projects in 40 countries, so far, and have targeted builting 100GW of renewable energy capacity by 2030.Under Al Jaber, Abu Dhabi's National Oil Company has invested in carbon capture and green hydrogen projects, and has been investing in nuclear and solar power, as well.None of these efforts compare to the investments that have been made, under his leadership, in fossil fuel capacity; it's night a day.But the argument in his favor is that he's a skilled energy world executive, and one that is actually making practical moves to transition to renewables: he's not doing it overnight, but he's actually doing something, and that makes him a credible source for usable ideas as to how other companies can do the same, while also putting someone at the reins who knows how to talk to and deal with energy executives—many of whom couldn't care less about investing in renewables—and that means it's possible he might be able to get them to make these sorts of iterative changes, as well.He's a choice that doesn't preach to the choir, basically; he's meant to preach to those who aren't yet convinced.And this will be a COP meeting with a LOT of oil industry higher-ups in attendance; which theoretically at least supports the assertion made by critics that the meeting has been captured, serving as a safe space for fossil fuel industry representatives who want to paint themselves as eco-friendly and thus, empowered to play a role in determining how quickly, or slowly, the transition to renewables occurs.But the counterpoint to this regulatory capture theory is that having true-believers at the helm—folks who see the oil industry as villains, in many cases—having them running things, hasn't historically served to get these oil companies to do anything except deny deny deny and do what they can to further entrench themselves in their existing energy source and business models; so maybe this, putting one of their own at the front of the room, and one of them who seems to be comfortable keeping a foot in both worlds, maybe that will help shift their collective stance a bit.Beyond the hubbub over who's hosting the show, there are also a few other interesting things to watch as this year's COP meeting unfolds.The first is that the US and China recently came to a new agreement to dramatically increase the production of renewable energy, tripling global capacity by 2030 in order to reduce their emissions and displace fossil fuels.The US and China's emissions, combined, account for something like 38% of the world's total, so anything these countries do in this space is already a big deal.But the last time the US and China landed on this sort of agreement, back in 2015, the language they used ended up informing the Paris Agreement that was made real at that year's COP meeting—an agreement meant to limit global warming to 1.5 degrees Celsius; so it could be that this new agreement also feeds into a larger, more international and inclusive agreement, once again.That said, there's a lot of arguably justified concern that this year's COP, like many previous COPs, will be a lot of talk without much or any action.It's easy to make commitments in a context in which one's words will net one's country a lot of goodwill in the press, but a lot more difficult to actually live up to those commitments—as governments around the world have discovered time and time again with climate-related issues.Our newest climate data indicate we'll likely fly right by the 1.5 degrees C average warming milestone this decade: much earlier than was previously estimated, and early enough that many experts are saying that goal, keeping temperature increases below that level, which has become a bit of a rallying cry for environmentalists and entities shifting to renewable energy, in recent years, they say it's probably out of reach.It's still important that we reduce emissions and halt heating as soon as possible, in other words, but the number we've held up as being an aggressive, optimistic goal that is nonetheless achievable might not be realistic, anymore.That new report is far from the last word on this, but a seeming inability to live up to climate commitments, combined with ever-bettering data-collection and computational resources has left us with a much higher-resolution understanding of how bad the situation is, and a much steeper mountain to climb if we want to accomplish even the relatively less-impressive goals that are still within reach; which makes the whole concept a tougher sell, especially when it seems easier to just throw up one's hands in frustration or disbelief, rather than making the sacrifices that might be necessary to get where we ostensibly need to be.And that's the second main, interesting thing to be watching here: the impact that better tools and data from those tools, and research done with that better data, will have on these discussions and the overall timber and tone of what people are saying.These new talks are arriving in the wake of some significant new developments in methane-tracking capabilities: satellites that allow researchers to pinpoint methane emissions hotspots, which in turn tells them which governments are failing to cap emitting wells, or which businesses are, as was the case in Kazakhstan recently, a local mining company allowing methane to flow freely from their infrastructure, causing untold damage that can be relatively inexpensively remedied once the emitting entities know what's happening and if the right kind of pressure is applied, to force their hand—two variables that are increasingly likely to align, appropriately, because of these new tools and techniques.Satellites capable of providing other sorts of high-resolution data, like where CO2 emissions are the worst, for instance, down to the level of an individual power plant, can also help us figure out where our problems are centralized, but they also allow us to name-and-shame, with receipts, if necessary, to force entities that would otherwise try to deny and sweep this kind of thing under the rug to acknowledge their failure in this regard, making issues that they currently might record as externalities, internal, in turn making it more likely something will be done, rather than these issues being ignored and compounding over time.And third, one of the many commitments countries—especially wealthy countries—have made over the course of previous COP meetings, is to provide a bunch of money to less-wealthy countries meant to help pay climate-related reparations, and for a transition to renewables, helping them bypass the emissions-related excesses today's wealthy countries have indulged in.Those already wealthy countries are the source of the vast, vast majority of today's emissions, and the idea is to help not-yet-wealthy countries scale-up and become richer without also creating more emissions as a consequence: a reasonable-sounding ambition, but that kind of pivot is not cheap or easy.The aid many countries have been told they would get as part of this effort hasn't yet materialized, though—$100 billion was promised by wealthy countries for poorer countries by 2020, to kick things off, to help them move toward renewables, and for losses and damages caused by existing climate change impacts.And that was meant to be just the initial round of funding that would eventually lead to trillions a year.Even that initial $100 billion didn't arrive, though, and while you could argue that some other, fairly immediate concerns reared their heads in 2020 that necessitated the rerouting of those funds toward other, pandemic-related issues, this is often touted of an example of just how untrustworthy these wealthier countries and their promises are; even the initial promise was a lie, so why shouldn't these countries that were lied to pursue whichever path is best for them and their immediate fortunes, whatever the consequences, like those wealthier countries were able to do in previous decades and centuries?Those are big questions, but probably the biggest one is whether those attending COP28 will be able to get an actual commitment to phase-out fossil fuels on the table, and then adopted by those participating.Many nations, including the most powerful and emitting in the world, have been unwilling to do this, consisting adopting weaker language, making smaller, pseudo-promises, not quite stepping up to the plate on a firm commitment to that kind of transition, instead opting for language that allows wiggle-room and doesn't upset any of the existing fossil fuel-related global systems, including existing energy businesses, but also countries—like the UAE and the US—that are major fossil fuel exporters.Most analysts don't expect that language to arrive at this meeting, either, and the general consensus is that we'll probably see another relatively, iterative step in the right direction across many metrics at COP28; maybe something based on all that new data with a little more enforcement-related teeth, but likely not a big enough step to close the gap between where we thought we were, and where we now realize, because of the most up-to-date climate findings, we actually are.Show Noteshttps://www.axios.com/2023/11/13/environment-co2-pollution-satellitehttps://archive.ph/ODvEKhttps://www.theguardian.com/environment/2023/jun/07/uae-oil-firm-cop28-climate-summit-emails-sultan-al-jaber-adnochttps://archive.ph/Ta5hkhttps://www.amnesty.org/en/latest/news/2023/11/uae-concerns-around-authorities-use-of-digital-surveillance-during-cop28/https://www.energyvoice.com/renewables-energy-transition/380412/masdar-renewable-energy-hydrogen/https://www.reuters.com/business/environment/global-warming-will-reach-15c-threshold-this-decade-report-2023-11-02/https://cleantechnica.com/2023/11/18/us-china-agreement-sets-the-tone-for-cop28/https://www.theguardian.com/environment/2023/nov/17/cop28-host-uae-breaking-its-own-ban-on-routine-gas-flaring-data-showshttps://insideclimatenews.org/news/17112023/harder-to-kick-climate-can-from-cop28/https://grist.org/international/international-climate-finance-adaptation/https://www.atlanticcouncil.org/blogs/new-atlanticist/what-the-eu-and-us-want-to-get-done-at-cop28/https://www.nytimes.com/2023/11/14/climate/us-china-climate-agreement.htmlhttps://www.politico.com/news/2023/11/10/cop28-host-uae-pushes-oil-producers-for-climate-pledges-00126619https://www.washingtonpost.com/climate-environment/2023/11/15/un-climate-cop26-pledges/?stream=tophttps://www.ghgsat.com/en/newsroom/worlds-first-commercial-co2-sensor-in-orbit/https://www.bloomberg.com/news/articles/2023-11-15/exxon-ceo-says-making-big-oil-villains-harms-net-zero-drive?stream=top#xj4y7vzkghttps://www.politico.eu/article/eu-promises-substantial-climate-damage-funding-pledge/https://www.bbc.com/news/science-environment-67143989https://archive.ph/KHWOLhttps://www.bloomberg.com/news/features/2023-11-13/gulf-nations-must-overhaul-everything-to-meet-climate-goals?cmpid=BBD111523_GREENDAILYhttps://www.semafor.com/article/11/10/2023/the-battle-lines-to-watch-at-cop28https://www.bloomberg.com/news/articles/2023-10-04/the-bankers-are-back-finance-industry-plans-for-cop28?cmpid=BBD111523_GREENDAILY#xj4y7vzkghttps://unfccc.int/sites/default/files/resource/cma2023_12.pdfhttps://www.wri.org/research/state-climate-action-2023https://www.axios.com/2023/11/20/un-climate-change-emissions-gap?stream=tophttps://en.wikipedia.org/wiki/United_Nations_Climate_Change_conferencehttps://unfccc.int/process-and-meetings/conferences/the-big-picture/what-are-united-nations-climate-change-conferences/how-cops-are-organized-questions-and-answershttps://www.uae-embassy.org/discover-uae/climate-and-energy/uae-energy-diversification This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

This week, Proximocast covers our top stories including: $350m bond issue for new Des Moines airport terminal ArcLight acquires 620MW gas-fired asset in Connecticut Agreement signed for South Bimini Airport PPP ACCIONA awarded development rights for Philippine wind project ACWA and Masdar join with SOCAR for projects in Nakhchivan Anma Offshore Wind signs PSA with EEW KHPC APA raises A$1.25bn loan and €500 of hybrid securities APA reaches FID on Kurri Kurri Lateral Pipeline

The Morning Majlis discuss the incredible $4.5bn initiative to develop clean energy projects in Africa provided by Abu Dhabi's clean-energy company Masdar, the Abu Dhabi Fund for Development, Etihad Credit Insurance, and Dubai-based renewable energy company AMEA Power. Listen to #Pulse95Radio in the UAE by tuning in on your radio (95.00 FM) or online on our website: www.pulse95radio.com ************************ Follow us on Social. www.facebook.com/pulse95radio www.twitter.com/pulse95radio www.instagram.com/pulse95radio www.youtube.com/pulse95radio

Welcome to The Times of Israel's Daily Briefing, your 15-minute audio update on what's happening in Israel, the Middle East and the Jewish world, from Sunday through Thursday. Editor David Horovitz and environment reporter Sue Surkes join host Amanda Borschel-Dan in today's episode. A full front-page ad taken out in many if not most Israeli newspapers this morning with an image of IDF chief Herzi Halevi and the famous David Ben-Gurion quote, "Every Israeli mother will know that she's entrusted the fate of her children into the hands of commanders who are worthy of it."Who took out the ad and what is its purpose? On Tuesday this week, several ultra-Orthodox newspapers appeared to jump on the anti-judicial overhaul bandwagon. What is the motivation here? Temperatures in the Eastern Mediterranean and the Gulf of Eilat are reaching near-record highs this year. How is this expected to affect the seas' ecospheres? The First International Resources public relations firm, headed by political strategist Zev Furst, has been employed by Abu Dhabi's renewable energy company, Masdar, to improve the image of oil magnate Sultan al-Jaber, the controversial pick to lead this year's United Nations COP28 climate conference in Dubai, United Arab Emirates. Hear how the US Jewish community is being targeted. The Environmental Protection Ministry recently published its annual index of wrongdoers. What topped this year's list? Discussed articles include: Ultra-Orthodox push for draft exemption law strains the coalition's docile unanimity Netanyahu, Levin said to seek pause to overhaul after Haredi party revolt Eastern Mediterranean turning tropical, as warming waters force native species out PR firm says it may tap US Jews to boost image of UAE oil boss ahead of climate meet Phosphate mining company ICL Rotem tops latest list of worst environmental offenders Subscribe to The Times of Israel Daily Briefing on iTunes, Spotify, PlayerFM, Google Play, or wherever you get your podcasts. IMAGE: An ultra-Orthodox Jew walks outside the army recruitment office in Jerusalem, August 16, 2023. (Chaim Goldberg/Flash90)See omnystudio.com/listener for privacy information.

his week's topics include:   - PRWeek reveals its Purpose Awards 2023 shortlist - Betsy Solfisburg Quinn leaves Ketchum after 38 years- UAE state-owned renewables company Masdar hires PR rep ahead of COP28- How PR firms are responding to the Hawaii wildfire disaster- Why bad news media pitches get the most replies- And more. Follow us: @PRWeekUSReceive the latest industry news, insights, and special reports. Start Your Free 1-Month Trial Subscription To PRWeek

22 May 2023. We hear from Emirates NBD's Ed Bell about the key takeaways from the G7 countries meeting which included India and Ukraine. Plus, we talk hydrogen with French energy firm Engie – they have a $5 billion deal with Masdar here in the UAE. Stephan Cobert, Senior Vice President of Hydrogen for Asia, Middle East and Africa, Engie joined us to explain the importance of hydrogen. And, Dubai's done well financially out of hosting the region's leading art fair, but what's the knock-on effect of Art Dubai? We'll ask their Executive Director, Benedetta Ghione.See omnystudio.com/listener for privacy information.

Thank you for listening to another episode of DWP!Smart cities and the controllers of the internet go hand in hand and I attempt to make some connections. The Line and Neom, Masdar and much much more are under construction now and Google has a massive role in the production of smart cities and the connectivity which will make it all run.LINKS for PATREON, MERCH & more@dangerousworldpodcast | LinktreeAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

This week on Cleaning Up, Michael welcomes Dr. Nawal Al-Hosany, UAE's Permanent Representative to the International Renewable Energy Agency (IRENA), for a wide-ranging discussion on IRENA's work promoting an equitable transition, the UAE's emergence as a renewables superpower, and the significance of COP28 coming to the region later this year.Links and Related Episodes: Learn more about the International Renewable Energy Agency and its work: https://www.irena.org/Learn about IRENA and the UAE's Beyond Food initiative: https://www.irena.org/News/pressreleases/2022/Mar/UAE-and-IRENA-Launch-New-Initiative-to-Provide-Access-to-Energy-for-Clean-CookingDr. Nawal's recent op-ed on the importance of climate education: https://www.thenationalnews.com/opinion/comment/2023/01/05/its-time-to-put-youth-at-the-top-of-the-climate-agenda/Visit the UAE mission to IRENA's YouTube channel: https://www.youtube.com/@uaemissiontoirenaWatch Cleaning Up Episode 87 with Francesco La Camera: https://www.cleaningup.live/ep87-francesco-la-camera-the-economist-diplomat-championing-clean-energy/Guest BioDr. Nawal Al-Hosany is the Permanent Representative of the UAE to the International Renewable Energy Agency (IRENA) as of April 2018. Previously, Dr. Al Hosany held the position of the Executive Director of Sustainability at Masdar, the international renewable energy leader based in Abu Dhabi. She also served as the Director of the Zayed Future Energy Prize for eight years between 2011-2018. Dr. Al-Hosany is an active member of various climate-focused boards and committees, including the advisory council of National Geographic magazine and the advisory Panel for the Momentum for Change initiative of the United Nations Framework Convention on Climate Change (UNFCCC). She is a board member of Sustainable Energy for All (SEforALL) and she serves as the Vice Chair for the Global Council of the Sustainable Development Goals (SDGs).She graduated from the Faculty of Engineering at the UAE University in 1992 and obtained her PhD from Newcastle University in the UK in 2002. In July 2018, Dr. Al-Hosany was awarded an Honorary Doctorate from Keele University in the UK in recognition for her achievements in the field of sustainability. Dr Al-Hosany has also received the “Arab Woman Award” and the “Emirates Business Women Award”.

The UAE is often asked why it is on a renewable energy drive, and not how. Perhaps because of preconceptions of The Emirates as an oil-rich land that doesn't need to diversify its energy production. In this episode, Masdar CEO, Mohamed Jameel Al Ramahi and Dr. Nawal Al-Hosany explore how Masdar, the UAE's leading developer and operator of utility-scale renewable energy projects, is working to help the UAE realise its ambition of achieving a 50% contribution of clean energy to the UAE's total energy mix by 2050, according to its ambitions under the federal 2050 Energy Strategy. Two of the UAE's leading names in renewable energy also shed light on how Masdar is working with the international community to enable developing economies to become more renewable and sustainable in their energy production methods.

In Season 3, Episode 4 of the empowerME Conversations podcast, host and Atlantic Council empowerME Chairman Amjad Ahmad interviews International Monetary Fund Director of the Middle East and Central Asia Department Jihad Azour with guest co-host empowerME Director Racha Helwa, as they discuss the economy and market opportunities of the MENA region, women and youth empowerment, and the development of differing entrepreneurial ecosystems within the region. Season 3 of the empowerME Conversations Podcast is sponsored by UPS. Key Takeaways00:00 Intro02:43 Azour discussed how the current outlook in the region has moved from promising to challenging in a world where inflation is on the rise, there have been disruptions in supply chains, and there are issues with energy supply and security07:12 Azour emphasized that the rapid deterioration of climate conditions is only adding to the challenges that countries are facing, and reform must be well-calibrated to overcome these issues12:25 Azour talked about the importance of direct targeted social assistance, such as in Morocco, where over 5 million families were provided with support through Morocco's Special Fund for the Management and Response to COVID-1916:09 Azour mentioned Egypt as an example of a country that has reformed over the last 5 years as it moved from untargeted subsidies to targeted support and improved living conditions for millions of people, highlighting that these changes have helped Egypt's economy to grow 5%19:42 Azour emphasized the importance of using renewable energy, citing Masdar, a company in the UAE that emphasizes renewable energy, as a positive example, and adding the importance of creating synergy between the region and other parts of the world in this area23:33 Azour discussed how when the risk is high in regards to climate reforms, multilateral institutions are important to open the door for the private sector to come in26:10 Azour stated that governments need a multipronged approach in their response to climate and that they should gradually widen their sources of energy with additional investment into renewable investment29:04 Azour mentioned that there has been a move toward medium-term planning towards diversification to reduce dependency on oil and gas, and these are positive steps, but emphasized that challenge for Gulf countries is to continue to pursue diversification at a time when oil pries have reached over 100 USD a barrel32:07 Azour emphasized that if the Middle East and Central Asian countries truly want to succeed in inclusion, they need very clear strategies to involve women in the economic and decision-making arenas36:18 Azour discussed the IMF's focus on creating job opportunities for women and its recent creation of a Gender Strategy, citing the IMF's involvement in Jordan, and mentioned that it is important to level the playing field, as women in the region are often at a disadvantage due to issues with transportation, childcare, and more38:23 Azour discussed the importance of entrepreneurship, and how entrepreneurship can help create jobs, build the competitiveness of the economy, and grow the economy over the medium term41:42 Azour highlighted how being involved in the global market can help countries whether shocks such as the COVID-19 pandemic, pointing to Morocco's involvement in the production of spare parts as an example44:32 Azour stated that debt combined with external shocks increase vulnerability, and discussed how the IMF helps countries deal with how to reduce the level of debt and the level of external shocks on economies47:22 Azour mentioned that it is important to have a sustainable level of debt, and what“sustainable debt” is depends on the country, the nature of the debt, and a variety of other factors, emphasizing the necessity of assessing this on a country-by-country basis48:55 Azour highlighted that Gulf countries have been great supporters over the years to other countries in the region, and that they, as well as various regional institutions, have contributed to providing financing to other countries50:45 Azour discussed the need to gear policies towards addressing high levels of unemployment, starting with strengthening education, improving the labor market and the quality of infrastructure, to strengthening governance, as well as recognizing the region's vulnerabilities, which include the high level of internally displaced refugees and the high level of conflict in the region Quotes mentioned by Jihad Azour "I think the role of women and youth is a game changer… In terms of women's participation, that is $1 trillion of additional output that can be created." "If we can rethink regional cooperation by developing new avenues of complementarity between countries, by opening up certain sectors, this in itself will not only strengthen regional integration, but also will create additional opportunities for jobsand for markets." Guest Social Media Linkshttps://www.linkedin.com/in/jihad-azour-012a89a4/https://www.linkedin.com/in/racha-helwa-532714a/ Host Social Media Linkshttps://www.linkedin.com/in/amjadahmadvc/https://twitter.com/amjadahmadVC

More than two thirds of Gulf employees say they've experienced increased stress levels at work in the past year - while nearly half say their workload has significantly increased. David Jones, Founder and CEO of The Talent Enterprise joined us to discuss the findings of their survey. Plus, Dubai has its own Michelin guide. We speak to a number of experts, and Issam Kazim, CEO of Dubai Economy and Tourism about what this means for businesses and Dubai's tourism industry. Plus, how do we define AI? We ask Dr. Scott Nowson Director, Artificial Intelligence Lead at PwC See omnystudio.com/listener for privacy information.

Travelers in the region will be taking longer holidays and spending more on travel in summer 2022, according to new data from Wego. We get the details behind the numbers with the regional COO & MD of Wego, Mamoun Hmedan. Plus, talking about the impact of the Ukraine / Russia conflict on the real estate market here in the UAE with Alessia Sheglova of Dacha Real Estate. And we look at how France-UAE business ties will be impacted by the result of Sunday's presidential election in France with two French expatriates, Daniels Richards of Emirates NBD and Gurwan Le Gac of Preludd Payment Services. See omnystudio.com/listener for privacy information.

Sami Khoreibi is one of the most curious people I've met.By the time he was in his mid-thirties, he had already launched and sold two energy companies. His escapades started in Canada and took him to Abu Dhabi, where he eventually exited his last venture where Masdar was a strategic partner.Sami is truly passionate about driving environmental sustainability. He's currently working on his latest venture, Wisewell, as part of a broad effort to ensure that everyone has access to clean and sustainable drinking water. I left the conversation feeling encouraged about the prospects of solving climate change if we have people like Sami leading the charge.During our conversation, I heard Sami:Recognize macro trends early and be an early mover not once, but twice (and I think he's doing it again!)Use passion and a higher purpose to drive him constantlyBe curious and humble enough to always admit what he doesn't know