Mouayed Makhlouf | Al Bawaba

Mouayed Makhlouf latest

The Mafraq plant is the first PV solar plant to be financed out of the four planned under the Jordanian government’s second round of solar PV projects, said the statement. (Shutterstock)

September 26th, 2016 - 04:39 GMT

Jordan secures $76M for solar power plant in Mafraq

The financing package, which includes $21 million from the IFC-Canada Climate Change Programme, will support the construction of Fotowatio Renewable Venture's first solar power plant in the northern city.

The International Finance Corporation sees great opportunities for Jordan to ramp up private sector participation in its economy. (Shutterstock)

July 17th, 2016 - 11:00 GMT

World Bank unveils ambitious five-year support program for Jordan

The investment is also expected to help reduce greenhouse gas emissions in Lebanon. (Shutterstock)

February 15th, 2016 - 08:30 GMT

Lebanon gets $7 million IFC loan to support clean energy, address energy shortage

More private companies, as well as public entities are investing in green energy in the Middle East (Shutterstock)

January 19th, 2014 - 08:25 GMT

The Greening of the Gulf: Explaining the shift in the region's energy sector

Lebanon leads the way in the region, benefitting from a $496 million trade commitment in the past year, a 34 percent increase on the previous fiscal year.

September 3rd, 2013 - 09:40 GMT

The World Bank wants MENA economies to trade more, amongst themselves

According to the IFC, the $3 billion committed during the 2013 fiscal year, which ended June 30, includes $914 million mobilised from other investors

August 1st, 2013 - 01:55 GMT

IFC 2013 investments in MENA reach $3b

Prime Minister Najib Mikati announced that a revised version of the 2012 budget will be sent to the Parliament later this week

May 23rd, 2012 - 11:02 GMT