Copenhagen meeting aims to promote comprehensive dialogue to implement climate commitments

Minister of Environment Yasmine Fouad said Copenhagen ministerial meeting on climate action, currently hosted by Denmark, aims at creating a comprehensive dialogue to discuss ways of realizing all climate-related commitments.

 

The minister participated Thursday 12/5/2022 in a three-way meeting held by Foreign Minister and president-designate of the 2022 United Nations (UN) Climate Change Summit (COP27) Sameh Shoukri and UK Secretary of State for Business, Energy and Industrial Strategy (BEIS) and former head of the COP26 Alok Sharma and Danish Minister of Climate and Energy and Public Utilities Dan Jorgensen.

 

Earlier in the day, Fouad took part in the Copenhagen ministerial meeting’s opening session. Shoukri delivered Egypt’s speech during the session, affirming that the meeting offered an opportunity on exchanging views and expertise regarding ways to implement the international climate action plan, through activating Paris UN Framework Convention on Climate.

 

He also underlined Egypt’s keenness on rendering COP27 a balanced gathering, taking into consideration all parties’ requirements.

 

The event witnessed participation of ministers and representatives of more than 50 countries seeking to help all parties to the agreement to meet their pledges, pertaining to reducing carbon dioxide emissions, together with all commitments to the UN Framework Convention on Climate Change adopted by Glasgow Climate Pact.

 

Shoukri underscored the great priority Egypt would be attaching to fulfilling all climate commitments during COP27, as well as bringing all pledges on this score into reality.

 

The foreign minister also voiced hope the meeting would help assess the current situation and work out a mechanism toward realizing the outcome of Paris UN Framework Convention on Climate.

 

Patricia Espinosa, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), and a number of minsters and representatives of civil society took part in the opening session.

 

Egypt is set to host COP27 in the Red Sea resort city of Sharm el-Sheikh in November. During the stage of preparations for the conference, Egypt has vowed to speak for Africa’s aspirations to face climate change, build on the successful outcomes of COP26 in Glasgow, turn climate pledges into actions and support Paris Agreement.

 

 

 

Source: State Information Service Egypt

HIF Global launches eFuels company in Germany

Armin Schnettler and Thorsten Herdan to lead eFuels expansion in the EMEA region

BERLIN and HOUSTON and SANTIAGO, Chile, May 12, 2022 /PRNewswire/ — HIF Global, the world’s leading eFuels company, continues its global expansion with the launch of HIF Europe, Middle East and Africa (“HIF EMEA”) headquartered in Berlin, Germany, with Armin Schnettler named as President and Thorsten Herdan as CEO of HIF EMEA.

HIF EMEA will anchor eFuels from HIF Global’s production facilities worldwide to the EMEA region beginning with the operations of the Haru Oni facility in late 2022 in Magallanes, Chile. Furthermore, HIF EMEA will develop eFuel projects in the region for the region.

César Norton, President and CEO of HIF Global said, “We are building a global presence and elite team to fight climate change and accelerate decarbonization. HIF EMEA, under the leadership of Armin Schnettler and Thorsten Herdan, will focus on providing carbon-neutral electricity-based fuels, also known as eFuels, to the EMEA region to speed up decarbonization and improve the security of energy supply.”

Armin Schnettler, President of HIF EMEA, explained, “We need many solutions to support the growing demand for energy worldwide in ways that reduce carbon emissions. When utilizing eFuels, which are produced from renewable electricity, hydrogen, and recycled CO2, we can further decarbonize the transport sector and significantly accelerate the hydrogen economy today in a way that is sustainable, competitive, and secure.”

“Innovative energy solutions and diversification are the heartbeat of the global economy and society. At HIF EMEA, we are preparing for deliveries of eFuels to Europe later in 2022, following the inauguration of the Haru Oni facility under construction today in Magallanes, Chile. The expansion of eFuels into European, Middle Eastern and African markets will bring renewable energy to millions of existing vehicles, ships and airplanes, without any modification to required infrastructure,” said Thorsten Herdan, CEO HIF EMEA.

About HIF EMEA team
Armin Schnettler has more than 30 years of experience in electrical power, energy transition and the hydrogen economy. He has broad industrial experience, including senior management positions at ABB, Siemens, and Siemens Energy. Armin also spent more than 18 years as a research director at RWTH Aachen University, Germany. Armin holds a Dr.-Ing. degree and a professorship in Electrical Engineering.

Thorsten Herdan has a broad experience in industry as well as government business, including senior management positions at industry associations, research associations and renewable foundations. As former Director General Energy in the German Ministry of Economy and Energy and current Chairman of the supervisory board of the first German state-owned fund, Thorsten combines financial experience from an industry, government, and asset management perspective. He holds a Dipl.Ing. Degree Mechanical Engineering from the RWTH University of Aachen.

About HIF Global
HIF Global is the world leading eFuels company, developing projects to convert hydrogen made using low-cost renewable power into carbon neutral liquid eFuels that can be transported and utilized in existing infrastructure. The name HIF represents the mission of the company: to provide Highly Innovative Fuels to make decarbonization of the planet possible. HIF Chile, HIF USA, HIF Australia, and HIF EMEA are wholly owned subsidiaries of HIF Global. HIF Chile is currently constructing the Haru Oni Demonstration Plant in Magallanes, Chile. For more information, visit www.hifglobal.com.

CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
Information in this press release includes various statements that are forward-looking statements within the meaning of the U.S. federal securities laws. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words such as “can,” “expect,” potential,” “to be,” “will,” and similar expressions are used to identify forward-looking statements and convey the uncertainty of future events or outcomes. Forward-looking statements in this press release relate to, among other things, our expectations of our plans, strategies, and objectives, including with respect to the timing and other aspects of the HIF Haru Oni Demonstration Plant. Such statements are based on management’s current expectations and assumptions and are subject to known and unknown risks and uncertainties that may cause actual results or events to differ materially from expectations expressed or implied in the forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include (without limitation): our ability to timely obtain or maintain necessary permits to construct and develop the HIF Haru Oni Demonstration Plant; our ability to execute operational objectives on a timely and successful basis; legislative, policy, fiscal and regulatory developments; the outcome of commercial negotiations; our ability to raise financing; consumer preferences or demand; and various economic, business, and competitive factors affecting our business. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this paragraph. HIF Global urges you to carefully review and consider the cautionary statements made in this press release and cautions you not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. HIF Global undertakes no obligation (and expressly disclaims any such obligation) to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Oracle Red Bull Racing Drivers Max Verstappen and Sergio Pérez Take a Ride to Become Crypto Insiders With Bybit

  • As one of the crypto-inspired initiatives of its partnership with Oracle Red Bull Racing, Bybit created the #BybitLevelUpChallenges, a series of videos featuring Oracle Red Bull Racing F1 drivers Max Verstappen and Sergio ‘Checo’ Pérez about digital assets and technology in racing.
  • In the latest episode, Max and Checo opened the crypto-racing dictionary and took up Bybit’s “Crypto Slang Challenge”, an original way to learn the meaning of crypto trading terms such as “HODL”, “Gas Fees”, “Bear Market”, “Fiat on-ramp” or their favorite, “When Lambo”.

    1854172

    The Crypto-Racing Dictionary, created by Bybit to help F1 fans and crypto enthusiasts alike understand relevant terms that are applicable in both the crypto and racing world

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 12 May 2022 – Bybit, one of the world’s fastest growing cryptocurrency exchanges, premiered the “Crypto Slang Challenge”, the second episode of its crypto-inspired series #BybitLevelUpChallenges. Conceptualized as a beginner’s guide to pave the way forward for the crypto curious in ways that are immediately relevant to race fans, the new episode features Oracle Red Bull Racing drivers Max Verstappen (2021 Formula 1 Drivers’ World Champion) and Sergio ‘Checo’ Pérez on a crash course challenge to decipher the latest and most common crypto trading terms and slang in both the crypto and racing world. It turns out that both industries have a lot in common.

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Snippets from the episode where Max and Checo both tried deciphering crypto slang and references

Hosted exclusively on Bybit Race Insider and Bybit’s official social channels (Twitter, Facebook, Instagram, LinkedIn), fans will be able to check out the drivers’ performance in learning the meaning of crypto trading terms such as “HODL”, “Gas Fees”, “Bear Market”, “Fiat on-ramp” or their favorite, “When Lambo”.

F1 drivers are extremely competitive and confident by nature and both Max and Checo showed it on the Crypto Slang Challenge, as they tried to guess the meaning of terms and acronyms related to cryptocurrency trading, while also establishing similarities using those terms in the racing world. The result: Oracle Red Bull Racing drivers are now far more knowledgeable on crypto references.

In a race to become Bybit Insiders themselves, Oracle Red Bull Racing drivers took on the challenge to guess and appreciate the meaning of expressions such as  “gas fees” (blockchain transaction fees), “position” (a trade) or “fiat on-ramp” (a reference for one-stop conversion of fiat money into cryptocurrency). Crypto enthusiasts and F1 fans alike are in for a good laugh, as Max and Checo tried their hands (and luck) at guessing the meaning of acronyms such as ATH (all-time high) and FUD (fear, uncertainty and doubt).

When the drivers were asked to guess the meaning of “HODL” (an acronym for “hold on for dear life”, an expression used by crypto enthusiasts referring to a long-term approach to cryptocurrency) 2021 Formula 1 Drivers’ World Champion Max Verstappen quickly stated “stick to your position”, showing that he has some grasp of the investment jargon.
When the drivers were shown the term “diamond hands”, Verstappen immediately responded “that’s Checo”, and Max was right in a way, as crypto enthusiasts use this expression to talk about high risk tolerance when trading and investing — this bears some similarity to Checo’s stellar strategies that earned him the title as “Minister of Defense”.

“Is where things are really nasty on the market,” said Checo when asked the meaning of the term “bear market”, displaying his knowledge.

But perhaps the most entertaining part of the challenge was when Max and Checo were asked to guess the meaning of the expression “when Lambo?” as Max promptly responded “when to shine through the streets… show off”, while Checo added, “you’ve done well in crypto, you have to show it”.

Before the start of the 2022 Formula 1 season, Bybit became Oracle Red Bull Racing’s exclusive Principal Team Partner, Cryptocurrency Exchange Partner, Fan Token Issuance Partner and Tech Incubator Partner. Both crypto and racing fans can now look forward to more exclusive content and exciting initiatives only available at the Bybit Race Insider — check it out to stay updated on what else Max and Checo might be up to together with Bybit!

As the Fan Token Issuance Partner and Tech Incubator Partner, Bybit will support Oracle Red Bull Racing with the distribution of its growing digital asset collections among other endeavors, so fans will have to stay tuned for more surprises in the near future.

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, an NFT marketplace as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

For more information please visit: https://www.bybit.com/

For updates, please follow Bybit’s social media platforms on

https://discord.com/invite/bybit
https://www.facebook.com/Bybit
https://www.instagram.com/bybit_official/
https://www.linkedin.com/company/bybitexchange/
https://www.reddit.com/r/Bybit/
https://t.me/BybitEnglish
https://www.tiktok.com/@bybit_official
https://twitter.com/Bybit_Official
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#Bybit

 For media inquiries, please contact: [email protected]

‫ إيزي ماركتس تطلق MT5 بفروق أسعار متغيرة

ليماسول، قبرص, 12 مايو / أيار 2022 /PRNewswire/ — تقوم إيزي ماركتس مرة أخرى بإطلاق منتج جديد يمنح عملائنا المزيد من الخيارات عند التداول.

ضافة إلى مجموعتنا القوية بالفعل من المنصات بما في ذلك منصة الويب و الجوال المملوكة لشركة إيزي ماركتس و MT4 و تريدنج فيو ، نقدم الآن MT5 بفروق أسعار متغيرة ورافعة مالية أعلى تصل إلي 500:1 (الرافعة المالية الأعلى غير متاحة للعملاء الأوروبيين والأستراليين بسبب التنظيم).

easyMarkets Launches MT5 with Variable Spreads

نعتقد أن إطلاق هذا المنتج الجديد سيسهل تداولات عملائنا بشكل أفضل ، مما يسمح لهم بالاختيار بين السبريد المتغير أو الثابت – أو كليهما إذا اختاروا ذلك ، كل ذلك في نفس النظام البيئي. كانت مهمتنا ولا تزال هي تقديم تجربة رائدة في الصناعة للمتداولين ، ولهذا السبب نعمل بلا كلل على تطوير وإطلاق التحديثات لخدماتنا ومنتجاتنا ومنصاتنا التي نقدمها. كما نضيف باستمرار إلى قائمة الأسهم والأدوات الأخرى على جميع منصاتنا بما في ذلك MT5 .

المدير التنفيذي للتسويق أوهاد جولان

هذا يمنح عملائنا مزيداً من الخيارات عند التداول ، مع توفير جميع المزايا وأدوات إدارة المخاطر المتوفرة على MT4 بما في ذلك:

  •   الحماية من الرصيد السالب
  •   بدون عمولة أو رسوم خفية
  •   يسمح بإستخدام المستشارين الخبراء ( EA )

لماذا تقدم إيزي ماركتس فروق أسعار متغيرة على MT5 ؟

فروق اسعار متغيرة ، تتقلب وفقاً لظروف السوق (بشكل عام عندما تكون هناك سيولة متزايدة أو تقلبات عالية) – مما يعني أنها تصبح أضيق أو أوسع ، في حين أن فروق الأسعار الثابتة لا تتغير أبداً خلال ساعات السوق وهذا يعطي العملاء استراتيجية أخرى لاستخدامها عند التداول. أيضاً بشكل عام فروق الاسعار المتغيرة أقل من الثابتة ، ولكنها تتطلب إدارة التعرض للمخاطر عن كثب.

نريد أن يحصل عملاؤنا على جميع المزايا الاستراتيجية المتاحة لهم عند وجودهم في السوق. إذا كانت إستراتيجية عملائنا وطرقهم للتداول يتم تطبيقها بشكل أفضل من خلال فروق الأسعار المتغيرة أو الثابتة ، فلديهم هذا الخيار مع إيزي ماركتس!

التسجيل بسيط ومباشر بمجرد تسجيل العميل وتأكيد حسابه.

تحميل MT5

Photo – https://mma.prnewswire.com/media/1815883/easyMarkets.jpg

 

‫جامعة الأمير محمد بن فهد تحتل مرتبة عالية في ترتيب تحقيق أهداف التنمية المستدامة

الخبر، المملكة العربية السعودية, 12 مايو / أيار 2022/PRNewswire/ — في إشارة رئيسية إلى المكانة المتنامية لجامعة الأمير محمد بن فهد (PMU)، ارتفعت الجامعة بشكل كبير في أحدث التصنيفات السنوية لمؤسسات التعليم العالي الصادرة عن منشور محترم.

وفقًا لتصنيف تايمز لأثر التعليم العالي، الذي نشرته مجلة تايمز للتعليم العالي ( Times Higher Education ) في المملكة المتحدة، لا تزال PMU تحتل مرتبة في أعلى 101–200 من الجامعات في جميع أنحاء العالم في عام 2022، وهو إنجاز كبير، حيث ارتفع عدد الجامعات التي تم تقييمها بشكل كبير في عام 2022 إلى 1,406 من 1115 جامعة في العام السابق.

Impacting the world of Higher Education

 في هذه التصنيفات الأخيرة، تحتل PMU الآن المرتبة الثانية في المملكة العربية السعودية من بين 22 جامعة. في عام 2021، احتلت PMU المرتبة الثالثة من بين 11 جامعة في المملكة العربية السعودية، مما يشير مرة أخرى إلى مكاسب مثيرة للإعجاب على أساس سنوي. استمرارًا لموضوع التقدم الملحوظ هذا، احتلت جامعة الأمير سلطان المرتبة الثالثة من بين 162 جامعة في جميع أنحاء العالم العربي، حيث ارتفعت من المرتبة الخامسة من عدد الجامعات في من بين 129 مؤسسة تم تقييمها في عام 2021.

ومن بين أنظمة التصنيف الجامعي الفريدة، يعد تصنيف تايمز لأثر التعليم العالي هو تقييم الأداء العالمي الوحيد الذي يقارن الجامعات بنجاحها في تحقيق أهداف التنمية المستدامة، التي وضعتها الأمم المتحدة. أهداف التنمية المستدامة هي مجموعة من 17 هدفًا مترابطًا للبلدان والمجتمعات في جميع أنحاء العالم لتحقيق مستقبل أفضل وأكثر استدامة للبشرية.

يهدف النهج القائم على الحقائق والبيانات والتحليلات لتصنيفات التأثير إلى توفير طريقة هادفة لمقارنة الجامعات عبر أربعة مجالات واسعة: البحث والإشراف والتوعية والتدريس. منذ تأسيسها في عام 2006، سعت PMU جاهدة لتحقيق في جميع هذه المجالات. إن الصعود المستمر للجامعة في التصنيفات المؤسسية هو شهادة على تفاني وعزم جميع أولئك الذين ساهموا في PMU كمؤسسة على مر السنين – من أعضاء هيئة التدريس إلى الطلاب والإداريين والموظفين.

Revolutionizing Higher Education

وقال الدكتور عيسى الأنصاري، رئيس جامعة الأمير سلطان: “بالتحدث نيابة عن أعضاء مجتمع PMU بأكمله، نتشرف بتلقي الإشادة في تصنيف تايمز للتعليم العالي لعام 2022 “. “إن جهودنا لبناء وحدة إدارة محافظ الأعمال لتصبح رائدة معترف بها عالميًا في تحقيق أهداف الاستدامة تنجح بشكل رائع، وأعرب عن امتناني لجميع المشاركين في هذا المسعى المشترك والمهم .”

Ankit S Bhosale
(+ 966 13 ) 849 9346

[email protected]

   الفيديو –  https://www.youtube.com/watch?v=3Y43CTT1gY8

مخطط معلومات بياني –  https://mma.prnewswire.com/media/1814895/Prince_Mohammad_Bin_Fahd_University_Infographic.jpg

شعار – ال https://mma.prnewswire.com/media/1393618/PMU_Logo.jpg

 

 

جمعية المهنيين الماليين تتوسع لتشمل الشرق الأوسط وأفريقيا

أطلقت جمعية المهنيين الماليين ( AFP ) مؤخرًا مجلس الخزانة في الشرق الأوسط وأفريقيا بهدف العمل كمورد رئيسي في المنطقة ومناصر لمهنة الخزانة.

بيثيسدا، ماريلاند، 12 مايو 2022 / PRNewswire / —  أعلنت جمعية المهنيين الماليين ( AFP ) عن إطلاق مجلسها الاستشاري للخزانة في الشرق الأوسط وأفريقيا الذي تم تشكيله حديثًا. والهدف من المجلس هو توفير القيادة الفكرية والخبرة والدعوة لمجتمع الخزانة والتمويل لمنطقة الشرق الأوسط وأفريقيا.

AFP

ويتألف المجلس من مهنيين في مجال الخزينة للشركات وقادة فكر أعضاء في جمعية المهنيين الماليين ومهتمين بالنهوض بمهنة الخزينة في منطقة الشرق الأوسط وأفريقيا.

ومن بين أعضاء المجلس الاستشاري لخزانة جمعية المهنيين الماليين (استنادًا إلى الترتيب الأبجدي):

– رانيا عفيفي، مساعد مدير الخزينة، مصر إيطاليا العقارية، مصر

 – محمد سعود العيد، مدير العمليات النقدية، معادن، المملكة العربية السعودية

 – غولريز علي سيد، أمين الصندوق وإدارة المخاطر المالية، السعودية للشحن، المملكة العربية السعودية

 – أحمد الجوقة، مدير الخزينة، هيئة الإحصاء في رأس الخيمة. الحكومية، الإمارات العربية المتحدة

 – هشام أبو الذهب، أمين صندوق المجموعة، المنصور للسيارات، مصر

 – ميديفا لومير، رئيسة قسم الخزانة، شركة يونيليفر تي كينيا، كينيا

 – أحمد مخلوف، المدير المالي، جنرال موتورز، مصر

 – عماد جلال المسالمي، مدير الشؤون المالية والخزينة للمجموعة، الشركة السعودية للكيماويات القابضة، المملكة العربية السعودية

– مينا نصيف، الرئيس التنفيذي للرؤية، بيكون فين ترين، مصر

 – محمد صديق، رئيس الخزينة وتمويل الشركات، شركة النهدي الطبية، المملكة العربية السعودية

 – نيهان يلمازر، المديرة الإقليمية للخزانة والمالية، تاف للإنشاءات، الإمارات العربية المتحدة/تركيا

 ومن خلال مهمته المتمثلة في دعم جمعية المهنيين الماليين في تحقيق هدفها المتمثل في أن تكون المورد الرئيسي والمدافع عن مهنة الخزينة في منطقة الشرق الأوسط وأفريقيا، يعمل المجلس بمثابة “عيون وآذان” بين جمعية المهنيين الماليين ومجتمع خزينة الشرق الأوسط وأفريقيا من خلال أنشطة مثل تبادل الموضوعات ذات الاهتمام والتحديات التي قد يواجهها الأعضاء والتي يمكن لجمعية المهنيين الماليين دعمها بمجموعة متنوعة من الموارد.

وقال جيم كايتز، الرئيس والمدير التنفيذي لجمعية المهنيين الماليين: “يتألف المجلس الاستشاري للخزانة في جمعية المهنيين الماليين من مهنيين متميزين بشكل لا يصدق في مجال الخزانة، متحمسون ومتحمسون لهذه المهنة”. “أنا متحمس جدًا لما يمكن لهذه المنظمة القيام به لدفع هذا الحماس للخزينة، وفي مرحلة ما، للتمويل، في جميع أنحاء منطقة الشرق الأوسط وأفريقيا.”

يمكن لأعضاء الصحافة الاتصال بميليسا رواك، المديرة الإدارية، على [email protected] .

نبذة عن جمعية المهنيين الماليين®:  إذ يقع مقرها الرئيسي خارج واشنطن العاصمة ومقرها الإقليمي في سنغافورة، جمعية المهنيين الماليين هي جمعية مهنية ملتزمة بتعزيز نجاح أعضاء المهن المالية ومنظماتهم. تم الإنشاءها والإدارة من قبل جمعية المهنيين الماليين، وتضع شهادة مدير الخزانة المعتمد وشهادة FP&A المهنية للشركات معايير التميز في الخزينة والتمويل.

الشعار –  https://mma.prnewswire.com/media/508493/Association_for_Financial_Professionals_Logo.jpg

 

AFP Expands to the Middle East and Africa

The Association for Financial Professionals (AFP) recently launched the Middle East and Africa Treasury Council with the goal of serving as the region’s key resource and advocate for the treasury profession.

BETHESDA, Md., May 12, 2022 /PRNewswire/ — The Association for Financial Professionals (AFP) announces the launch of its newly formed AFP Middle East and Africa (MEA) Treasury Advisory Council. The objective of the Council is to provide thought leadership, expertise and advocacy for the treasury and finance community for the Middle East and Africa region.

AFP

The Council is composed of corporate treasury professionals and thought leaders who are members of AFP and are interested in advancing the treasury profession within the MEA region.

Members of the AFP MEA Treasury Advisory Council include (based on alphabetical order):

–      Rania Afifi, Associate Director Treasury, Misr Italia Properties, Egypt

–      Mohammed Saud Al-Eid, Cash Operation Manager, Maaden, Saudi Arabia

–      Gulrez Ali Sayed, Treasurer & Financial Risk Management, Saudi Cargo, Saudi Arabia

–      Ahmad Al Jukka, Treasury Manager, Ras al Khaimah Stat. Gov., UAE

–      Hisham Abouldahab, Group Corporate Treasurer, Almansour Automotive, Egypt

–      Mideva Lumire, Head of Treasury, Unilever Tea Kenya, Kenya

–      Ahmed Makhlouf, CFO, General Motors, Egypt

–      Emad Galal Elmesalami, Group Finance and Treasury Director, Saudi Chemical Company Holding, Saudi Arabia

–      Mina Nasif, Chief Visionary Officer, Beacon FinTrain, Egypt

–      Mohamed Seddeak, Treasury and Corporate Finance Head, Nahdi Medical Co., Saudi Arabia

–      Nihan Yılmazer, Regional Treasury & Finance Manager, TAV Construction, UAE/Turkey

With a mission to support AFP in its goal to be the key resource and advocate for the treasury profession within the MEA region, the Council functions as the “eyes and ears” between AFP and the MEA treasury community through activities such as sharing topics of interest and challenges that members may be facing and that AFP can support with a variety of resources.

“The AFP MEA Treasury Advisory Council is comprised of incredibly distinguished treasury professionals, who are enthusiastic and passionate about the profession,” said Jim Kaitz, AFP president and CEO. “I’m so excited about what this organization can do to drive that enthusiasm for treasury, and at some point, finance, throughout the Middle East and Africa region.”

Members of the press may contact Melissa Rawak, managing director, at [email protected].

About AFP®: Headquartered outside of Washington, D.C., and located regionally in Singapore, the Association for Financial Professionals (AFP) is the professional society committed to advancing the success of treasury and finance members and their organizations. Established and administered by AFP, the Certified Treasury Professional and Certified Corporate FP&A Professional credentials set standards of excellence in treasury and finance.

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Huawei Collaborates with Global Partners and Customers to Build a Low Carbon Society at Intersolar Europe 2022

MUNICH, May 12, 2022 /PRNewswire/ — At Intersolar Europe 2022, held at Messe München, Germany, Huawei shared its commitment to collaborating with partners and customers and empowering them with innovative FusionSolar Smart PV solutions for a better, greener, and smarter future. Under the theme of “Building a low-carbon smart society”, Huawei invited its global clients and partners to experience the progress and potential of solar power at its exhibition booth. Huawei demonstrated how it combines solar with storage and intelligence to accelerate the deployment of solar power as mainstream energy and enable industries and households to benefit from green electricity.

Intersolar Europe 2022 Huawei Booth

I. FusionSolar Smart PV Solution 6.0+: Safe, Reliable, and with Higher Yields

Huawei’s FusionSolar Smart PV Solution features the Smart String Inverter and has been widely recognized by customers for its delivery of clean solar power by integrating digital and power electronics technologies while promoting the digital and intelligent development of the PV industry.

A. Ensure Safety and Reliability for Power Plants

With increasing power in modules and inverters, safety on the direct current (DC) side has become a challenge for PV plants. After over two years of R&D efforts, Huawei launched the exclusive Smart String-Level Disconnector Technology (SSLD-TECH), achieving active DC disconnection and precise string-level disconnection. Based on an all-scenario design approach with high precision and fast response, SSLD-TECH accurately identifies and reliably cuts off common DC system faults. It can break reverse string connection/reverse current flow and inverter short circuit.

In terms of reliability, according to a report issued by TÜV in March 2022, Huawei’s Smart PV Solution has achieved a 99.999% availability based on the operation data of the 2.2 GW project in Qinghai, China. With durable modules and smart O&M, the world’s largest power plants can run smoothly and efficiently.

Intersolar Europe 2022 Huawei Booth

B. Grid Forming

Developed by Huawei, the intelligent grid connection algorithm enables a PV system to be adapted to various grid scenarios. Specifically, it enables excellent performance in terms of frequency and voltage in a weak grid environment and comprehensively improves PV power plants’ voltage and power control capabilities. When the value of SCR is as low as 1.2, the intelligent grid connection algorithm ensures that the inverter runs at full power without derating and successfully passes through high and low voltage continuously. This supports the stability of the power grid and addresses the global issue of large-scale grid-connected consumption of new energy.

In terms of power grid support, Huawei’s Smart PV & Storage Solution can be used to build a voltage source power station, which is compatible with the power grid. This verified that Grid Forming technology can increase the proportion of new energy access this year, based on the integration of optical storage.

The Grid Forming technology completes technical verification in a weak grid environment, further accelerating PV power generation from “Grid Supporting” to “Grid Forming”, and advancing solar power to become a main energy source.

C.  Increase Power Generation and Make Optimal Investment

Huawei string inverters use multi-channel maximum power point tracking (MPPT) that solves the problem of string mismatch, and the Smart DC System (SDS) to achieve more than 1% increase in power generation through the integration of AI algorithms. In Guangxi, China, the solution increases power generation by 1.69%. Huawei cooperates with more than 10 brands of tracking solar panels to provide users with a better experience. Real-time data from multiple global projects shows that Huawei’s smart PV solutions can significantly increase power generation and help customers shorten their investment payback period.

D. Smart O&M

Smart I-V Curve Diagnosis 4.0 has revolutionized traditional operation and maintenance methods. It is like a “CT scan” offering a complete online full-scale inspection of 100 MW power plants in 20 minutes, and automatically generating diagnosis reports. It can also scan regularly within flexible times, providing a better user experience. In addition, it supports 14 types of fault diagnosis, with a converge rate of more than 80% of main faults. The key indicators of IV detection, the recognition rate, accuracy rate, and recurrence rate are all greater than 90%. This meets the industry’s highest level of CGC appraisal IV classification certification Level 4. In a real-life application, it helped the 30 MW project of a Malaysian customer save 2,000 hours of workload every year.

 II. Smart String ESS: FusionSolar for Optimal Levelized Cost of Energy Storage (LCOS)

Energy storage plays an important role in electricity generation, transmission, distribution, and consumption within the clean energy system. An Energy Storage Solution (ESS) serves as a power reserve and a grid regulator and stabilizers simultaneously, providing valuable resources for peak shaving and frequency regulation.

Intersolar Europe 2022 Huawei Booth

Due to cell mismatch, conventional energy storage solutions are characterized by limited capacity, short service life, complex O&M, and significant safety risk, inhibiting their widespread application. With over ten years of R&D experience in ESS, Huawei integrates digital, power electronics and energy storage technologies in a unique smart string structure to overcome the limitations of lithium batteries. Suitable for peak shaving and frequency regulation, Huawei’s Smart String ESS delivers a flexible and cost-effective solution with higher profit potential.

A. Optimal Investment

Huawei adopts four innovations to boost energy throughput in battery charging and discharging, offering a solution to cell mismatch.

  • The pack-level optimization of Smart String ESS enables independent charging and discharging of cells to prevent mismatch loss.
  • Rack-level optimization improves energy throughput by 15% or reduces the initial configurations by 15% at the same energy throughput by eliminating the risks of circulating currents.
  • With distributed cooling, temperature difference in the container can be controlled within 3°C at a 0.5 C-rate, which extends the battery life by 50%.
  • The all-modular design, efficient and reliable, cuts the levelized cost of energy storage (LCOS) by 20% and generates more revenue.

B.  Simplified O&M

The problem of cell mismatch is intensified during the operation of a PV plant, which requires routine shutdowns for the manual calibration of battery state of charge (SOC). Through Huawei’s exclusive pack-level optimization, automatic SOC calibration is carried out without the need to pause operations. The easy replacement of faulty modules eliminates the need for onsite visits by experts, significantly reducing O&M costs. Pre-installed with battery cells, each container weighs less than 30 tons, making it easy to transport the container.

C. Safety and Reliability

Focusing on the end-to-end safety design, Huawei has implemented four-layer active shutdown and two-level passive isolation of ESS protection ensure all-around system safety.

In response to different business models, Huawei’s Smart String ESS can be deployed flexibly to create value for customers. Huawei energy storage solution achieves the streamlined management of battery discharging with the Smart Rack Controller, ensuring longer, constant power output which is critical to frequency regulation. At the same time, Huawei’s automatic SOC calibration and high availability address the industry challenges for ESS in frequency regulation scenarios, such as high SOC balance frequency and component failures, reducing operating expenses for customers. For peak shaving, the Pack Optimizer and the Smart Rack Controller increase power output by 15% during the life cycle, generating higher revenues for customers.

 III. Commercial & Industrial Smart PV Solution 2.0: FusionSolar for a Sustainable Business

With increasing demand from enterprises to reduce electricity costs and carbon emissions, Huawei launched the 1+3 C&I Smart PV Solution 2.0, including an all-new three-phase inverter (SUN2000-50KTL-M3), a Smart String ESS (LUNA2000-200KWH-2H0), which can be coupled with the 100kW power conditioning system (PCS), and a smart PV optimizer (MERC-1100W/1300W-P). The C&I Smart PV Solution will help industries move into a low-carbon era with optimized electricity costs, active safety, and smart O&M for an enhanced experience.

Intersolar Europe 2022 Huawei Booth

The electricity consumption of enterprises usually peaks in the daytime, and the consumption curve is comparatively consistent with the PV curve. Electricity costs can be significantly reduced by using PV power for self-consumption and selling the remaining power to the grid at feed-in tariff rates. The installation of an ESS further boosts the self-consumption rate to more than 80%, and by taking advantage of critical peak pricing, the production costs can be lowered. These solutions can help customers build a low-carbon environment with improved competitiveness for green development.

A.  Optimal Electricity Cost: As seen from case study comparisons, Huawei’s C&I Smart PV Solution can increase power generation by more than 2% under the same conditions. To address shading issues commonly faced by the C&I sector, Huawei has launched the latest MERC-1100W/1300W-P optimizer, increasing installation volume by up to 30%. When the system capacity is elevated from 175kW to 200kW, 15% increase in installation volume can contribute 25,000 kWh of additional electricity. Thanks to its pack-level optimization, Smart String ESS improves energy throughput by 2%-5% during the service life, which further reduces the electricity cost.

B. Active Safety: The inverter is equipped with an AI-powered arc fault circuit interrupter (AFCI), which received the highest Level 4 certification from the CGC, to ensure safety for customers. The AFCI can detect arc fault locations in modules and distinguish noises from electric arcs, effectively eliminating false alarms and omissions. The combination of the leading SSLD-TECH and the AFCI provides dual protection for the system with precise DC fault detection and emergency disconnection. The four layers of ESS protection can prevent safety hazards, system faults and potential failures, drastically improving the system’s safety.

C. Smart O&M: The installation of the optimizer enables module-level management and the real-time monitoring of the power plant operation, cutting O&M costs by 50%. The automatic SOC calibration of the ESS saves personnel site visit and reduces O&M costs.

 IV. Residential Smart PV Solution 3.0: FusionSolar for a Better Life

Following the launch of the “1+3+X” Residential Smart PV Solution 2.0 in 2021, Huawei presented the upgraded “1+4+X” design this year. Featuring a smart energy controller which connects a module controller, an ESS, an EV charger, and a management system, the integrated solution enables a smart power consumption ecosystem. This enhances PV self-consumption rate to 90% from 70% in the previous generation, bringing an all-around clean energy experience to homes with lower electricity costs, active safety, and intelligent assistance.

Intersolar Europe 2022 Huawei Booth

EV Charger (FusionCharge AC AP07/22N-EU): To enable low-carbon living, Huawei has launched a new solar EV charger for residential use with easy indoor and outdoor installation, delivering convenient fast charging.

A. Optimal Electricity Cost: Slimmer and lighter, the brand-new SUN2000-600W-P Smart Module Controller performs well for high-power modules. The flexible design coupled with the optimizer is suitable for any rooftop while supporting shading conditions and multi-directional installation. Power generation can go up by 27%, as seen in a pilot case study. Compact and stylish, Huawei’s Smart String ESS supports modular configurations and delivers high power throughput, allowing customers to enjoy efficient, clean energy.

B. Active Safety: The industry-leading AFCI technology can accurately detect arc faults and disconnect the inverter in 0.5 seconds. Meeting NEC 2017, which is one of the most stringent international safety standards, the smart optimizer supports automatic and manual activation in an emergency to bring the voltage of rooftop modules to zero. This helps to prevent electric shocks with rapid disconnection. The ESS also complies with VDE2510, one of Germany’s strictest standards in system safety. All of these minimize the safety hazards of a residential PV system to give customers peace of mind.

C. Intelligent Assistant: The AI energy management assistant EMMA can offer accurate estimations of PV power generation and household electricity consumption by learning from big data about weather conditions and user habits. It automatically adjusts the system for the best working mode, delivering clean solar power while ensuring comfort.

Intersolar Europe 2022 Huawei Booth

The combination of PV and ESS provides backup power during outages, ensuring the smooth running of important appliances such as security systems, lighting equipment and refrigerators, eliminating customers’ concerns about continuous power supply at home.

V. Smart Micro-grid Solution: Clean and Reliable Power Supply

According to World Bank, 840 million people live in off/unstable grid areas, where electricity from oil is still common. This traditional way of power generation results in high carbon dioxide emissions, high costs, and low efficiency, contributing to the widespread problem of the energy divide. Huawei has launched the Smart Micro-grid Solution to deliver optimal LCOE for 100 MW micro-grid projects with energy storage, providing a clean, safe, and reliable power supply with higher energy output and lower costs.

A. Optimal LCOE and Reliable Power Supply

The solution supports the seamless online transition of medium-voltage off/on-grid changeover and off-grid fault ride-through effectively to avoid power outage loss of US$2 million/MW compared to traditional power generation from oil. The solution delivers optimal power quality, helping to achieve zero-carbon generation and eliminate the energy divide.

B. Reduced System Costs

Compared to traditional power generation from oil, Huawei Smart Micro-grid Solution saves LCOE over 50%. Adopting a 2:1 PV/BESS ratio, the solution can reduce the initial configurations by up to 50%.

C. Active Safety

Equipped with SSLD-TECH, the Smart String Inverter enhances the active safety of power plants. The Smart String ESS features four-layer active shutdown and two-level passive isolation, preventing risks at the first place.

Huawei integrates information and communications technology (ICT), power electronics, and energy storage, and continues to collaborate with customers and business partners worldwide to build a low-carbon environment. The company is focused on achieving its goal of zero carbon and accelerating carbon neutrality for a greener, better future.

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