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Egypt unveils $40.7m fund to invest in cutting carbon emissions projects
The Egyptian government launched a fund for investment in projects issuing carbon certificates with an authorized capital of EGP 1 billion ($40.7 million). The fund, dubbed EgyCOP, will finance Egyptian companies’ projects that reduce carbon emissions through the issuance of globally-accredited certificates from Switzerland’s The Gold Standards Foundation, the Arab country said in a statement. […]
The Libyan Investment Authority
The head of the Libyan Investment Authority (LIA), Mohsen Derregia, who has been sacked by Prime Minister Ali Zeidan but still reluctant to leave office, has said that the decision is costing the country millions. He was replaced under a government policy but the decision is being challenged in court. The defiant Derregia claimed that […]
Nationwide Power Blackout Hits Libya as Plants Shut Down
A widespread power outage hit western, central and southern Libya early Monday after several major electricity generation plants went offline, according to local media and sources. The Zawiya and Khoms power plants in western Libya, along with the Ubari gas-fired plant in the south, were shut down simultaneously. The reasons for the outages remained unclear. […]



