Energy Headlines

Report signals renewable energy boom in MENA Region

The capacity of photovoltaic plants installed in the Middle East and North Africa (MENA) region has almost quadrupled in 2018 compared to the previous year. According to Ecofin news agency, 3.6 GW of photovoltaic contracts have been awarded last year against 1 GW in 2017. Some of the plants have been installed and others are […]

Business Energy Features

Arab countries and Iran to invest $ 755 Bln in energy by 2019

The Middle Eastern and North Africa (MENA) countries will invest 755 billion dollars in energy projects in the next five coming years despite the falling oil prices, according to an economic study released on the 4th February 2015. Approximately 42% of these investments of USD 316 billion will be spent in power generation, 31% from […]

Algeria Headlines

Algeria to Invest US$71 Billion in Energy Sector by 2017

Algeria is expected to invest US$71 billion in the energy sector over the five coming years, becoming thus the third largest investor in the sector in the MENA (Middle East and North Africa) region. According to a report released earlier this week by the Arab Petroleum Investments Corporation (APICORP),  with its USD 71 billion worth […]