Korea Electric power, Samsung C&T and Korea Western Power will join forces with Emirati firm Petrolyn Chemie to build a $1 billion plant in the UAE producing green hydrogen and ammonia.   The plans announced Friday detail a capacity of 200,000 tons a year of green ammonia and hydrogen, produced using renewable-sourced electricity passed through water near Abu Dhabi.   Source: National News Agency

Finance Minister Mohamed Maait met on Saturday 04/06/2022 with his UAE counterpart Mohamed bin Hadi al Hussaini on the sidelines of the 2022 Annual Meetings of the Islamic Development Bank Group in Sharm El-Sheikh, which run on 1-4 June under the theme “Beyond Recovery: Resilience and Sustainability”.   The two sides tackled ways of promoting bilateral cooperation between Egypt and the UAE on all fronts and attracting more UAE investors to Egypt.   They also discussed the latest developments of the global economy in view of the current crisis and the bad impacts of inflation rates on economies of different world countries.   Maait and the UAE official underscored the importance of maximizing efforts aimed at achieving Arab integration to overcome current, global economic challenges.   Maait asserted the state is going ahead with implementing structural reforms during the next Fiscal Year to stimulate local and foreign investments and promote