AMEA Power signs $1.1bln green energy projects in Egypt

Dubai-based AMEA Power, a leading renewable energy company in the Middle East, has achieved the financial close to deliver 500MW wind and 500MW solar projects representing $1.1 billion of investment  in Egypt. The deal takes the company’s clean energy portfolio to 2GW in the country. AMEA Power will develop, own and operate the 500MW solar […]

Masdar joint venture to provide COP27 with clean, renewable energy

A joint venture between UAE’s Masdar and Egypt’s Infinity, will provide clean and renewable energy to the UN Climate Change Conference (COP27), which starts in Sharm El-Sheikh, Egypt, from Sunday. Infinity Power Holding said in a statement that the solar photovoltaic (PV) plant it has developed in Sharm El-Sheikh is now fully operational. The 6-megawatts […]

Memphis Pharmaceutical’s approves loan from ADIB to settle $15.83mln debt

  The board of directors of Memphis Pharmaceutical (MPCI) approved the financing package provided from Abu Dhabi Islamic Bank (ADIB) to settle the EGP 300 million debts of El-Gomhouria Company for Drugs, according to a statement published on September 14th. El-Gomhouria for Drugs’ debts have reached EGP 294.29 million so far. Memphis is one of […]