Workers install solar panels at a residential home in a village in Dongying, Shandong province, China November 22, 2017. Picture taken November 22, 2017. REUTERS/Stringer ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT.
Workers install solar panels at a residential home in a village in Dongying, Shandong province, China November 22, 2017. Picture taken November 22, 2017. REUTERS/Stringer ATTENTION EDITORS - THIS IMAGShow more

Egypt's solar industry outlook brightens as competition brings prices down, BMI says



Egypt's solar industry is becoming more attractive amid falling solar costs and intensified competition that will boost growth of utilities and energy in the Arab world's most populous nation, according to BMI Research.

"Rapidly falling solar costs across the globe amid technological improvements, intensified competition for new projects and increasing access to financing have heightened the attractiveness of Egypt's solar market and offer grounds for cautious optimism that investment in solar infrastructure is set to accelerate," BMI, a unit of Fitch Group, said.

The research firm said that solar bids in competitive auctions had plummeted over the past year because of falling equipment prices and greater competition, allowing governments to get cheaper asking prices. Last month, the lowest bid in Saudi Arabia by Masdar and EDF was for $17.8 per Megawatt-hour (Mwh) compared to the lowest bid $29.1 per MWh in Chile last year.

Read More: World Bank unit completes $653m solar deal for Egypt

The Egyptian government is also investing heavily in power generation because the country has a fast- growing population and it wants to avoid any potential civil unrest down the line.

"From a fundamental perspective, Egypt's power market generally and solar market in particular remain attractive," BMI said.

"With rapidly growing urban and youth populations stoking robust structural demand, Egypt's government will be compelled to invest aggressively in new power capacity over the next decade in order to forestall potential civil unrest; and while most of this capacity will be generated by thermal sources, the government's pledge to generate 20 per cent of the country's electricity and renewable sources by 2020 underscores the top-level government support investors can expect going forward."

Student Of The Year 2

Director: Punit Malhotra

Stars: Tiger Shroff, Tara Sutaria, Ananya Pandey, Aditya Seal 

1.5 stars

Hot%20Seat
%3Cp%3EDirector%3A%20James%20Cullen%20Bressack%3Cbr%3E%3Cbr%3EStars%3A%20Mel%20Gibson%2C%20Kevin%20Dillon%2C%20Shannen%20Doherty%2C%20Sam%20Asghari%3Cbr%3E%3Cbr%3ERating%3A%201%2F5%3C%2Fp%3E%0A
Sheer grandeur

The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.

A clear distinction between the residences and the Raffles hotel with the amenities operated separately.

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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Mubalada World Tennis Championship 2018 schedule

Thursday December 27

Men's quarter-finals

Kevin Anderson v Hyeon Chung 4pm

Dominic Thiem v Karen Khachanov 6pm

Women's exhibition

Serena Williams v Venus Williams 8pm

Friday December 28

5th place play-off 3pm

Men's semi-finals

Rafael Nadal v Anderson/Chung 5pm

Novak Djokovic v Thiem/Khachanov 7pm

Saturday December 29

3rd place play-off 5pm

Men's final 7pm

Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

Rebel%20Moon%20-%20Part%20One%3A%20A%20Child%20of%20Fire
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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
AndhaDhun

Director: Sriram Raghavan

Producer: Matchbox Pictures, Viacom18

Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan

Rating: 3.5/5

%E2%80%98White%20Elephant%E2%80%99
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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

Dr Amal Khalid Alias revealed a recent case of a woman with daughters, who specifically wanted a boy.

A semen analysis of the father showed abnormal sperm so the couple required IVF.

Out of 21 eggs collected, six were unused leaving 15 suitable for IVF.

A specific procedure was used, called intracytoplasmic sperm injection where a single sperm cell is inserted into the egg.

On day three of the process, 14 embryos were biopsied for gender selection.

The next day, a pre-implantation genetic report revealed four normal male embryos, three female and seven abnormal samples.

Day five of the treatment saw two male embryos transferred to the patient.

The woman recorded a positive pregnancy test two weeks later. 

EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
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The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

Dubai Rugby Sevens

November 30-December 2, at The Sevens, Dubai

Gulf Under 19

Pool A – Abu Dhabi Harlequins, Jumeirah College Tigers, Dubai English Speaking School 1, Gems World Academy

Pool B – British School Al Khubairat, Bahrain Colts, Jumeirah College Lions, Dubai English Speaking School 2

Pool C - Dubai College A, Dubai Sharks, Jumeirah English Speaking School, Al Yasmina

Pool D – Dubai Exiles, Dubai Hurricanes, Al Ain Amblers, Deira International School

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