GREEN MOBILITY-

EveAir Mobility + Saudi's Flynas partner on eVTOLs: Brazilian eVTOL company EveAirMobility has signed an MoU with Saudi Arabia's air carrier and the leading low-cost airline Flynas to explore operating eVTOLs in KSA, according to a statement released last week. The agreement will see them explore deploying eVTOLS in Riyadh and Jeddah in 2026.

Wisdom Motor debuts hydrogen city bus in Abu Dhabi: Zero-emission vehicle innovator Wisdom Motor has partnered with the Integrated Transport Centre (ITC) of the Department of Municipalities and Transport (DMT) in Abu Dhabi to bring the first 12-meter hydrogen city bus to the region, according to a statement released last week. Wisdom Motor and the ITC’s cooperation will provide new green mobility solutions to Abu Dhabi and bolster the ITC’s Green Bus Assessment Program, the statement said.

POLICY-

IFC inks agreements with Tunisian partners to promote ESG performance: The International Finance Corporation (IFC) has signed agreements with the Tunisian Stock Exchange, the Tunisian Institute of Directors, and the Université Centrale to promote ESG practices in Tunisia's banking sector, Tunis Africa Press Agency (TAP) reports.The agreement will implement an 18-month technical partnership to help Tunisian partners meet ESG standards mandated in Europe and elsewhere, IFC Resident Representative in Tunisia Sarah Morsi told TAP. The IFC is looking to expand its presence in the country with a USD 100 mn investment earmarked for the agri-food sector this year.

GREEN FINANCE-

AfDB supports Egypt’s green economy with fresh funding: The African Development Bank (AfDB) has signed off on a USD 131 mn support package for Egypt to promote private-sector development, economic diversification, and green transition, according to a statement released last week. The program will target increasing private investment, allocating state land for renewable energy projects, promoting manufacturing, and reducing the time to process business licenses among other objectives. Last month, the AfDB said it would commit USD 350 mn by the end of the year to develop Egypt’s infrastructure and energy sectors.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • ADA completes region’s first helicopter flight using SAF: Abu Dhabi Aviation (ADA) has completed two flights with Italian aerospace company Leonardo’s AW139 helicopter powered by sustainable aviation fuels (SAF), marking a first in the MENA region. (Statement)
  • Masdar Green REIT secures ADGM Green Fund Designation: Masdar Green Real Estate Investment Fund (REIT) has received the ADGM Green Fund Designation for advancing green real estate investment. The fund's portfolio includes 10 green buildings with LEED Gold or Platinum ratings. (Wam)
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