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Author Archives: enterpriseam admin
Posted inRENEWABLES
Oman kicks off operations on the first phase of the country’s North-South interconnection project
The first phase of Oman’s cross-country interconnector project is live: The sultanate’s national grid operator The Oman Electricity Transmission Company (OETC) has kicked off operations on an OMR 372 mn (c. USD 966.4 mn) interconnector project spanning 670 km from the north of the country to the south, Oman Daily Observer reports. The project — […]
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Posted inSustainability
Neom invests in food tech firm BlueNalu to scale up cell-cultured seafood production
Neom and BlueNalu sign MoU on food sustainability: KSA’s net zero city Neom has entered into a partnership with US-based food tech company BlueNalu to partner on sustainable and secure food ecosystems by promoting cell-cultivated seafood, according to a statement. The agreement covers advancing the commercialization, marketing, and distribution of BlueNalu’s cell-cultured seafoods regionally and […]
Posted inEARNINGS WATCH
Saudi's Marafiq reports a y-o-y drop in net income and revenues
Marafiq reports a 39% y-o-y drop in 3Q: Saudi's utility firm Marafiq recorded a 39.2% y-o-y fall in net income in 3Q to SAR 188 mn, according to a Tadawul filing. The company attributed its drop in net income to an increase in financing costs and a decrease in the company's operating revenues. Revenues also […]
Posted inALSO ON OUR RADAR
MIT’s new smart drip irrigation tech is heading to Morocco and Jordan for field testing
Morocco and Jordan will test new MIT smart irrigation tech: The Global Engineering andResearch (Gear) Lab at the Massachusetts Institute of Technology (MIT) has built a low-cost, solar-powered irrigation system to reduce water waste in agriculture, according to a statement. The drip irrigation system delivers water and nutrients in controlled volumes directly to plant roots, […]
Posted inAROUND THE WORLD
Toyota invests USD 8 bn in US battery plant to expand production lines
Toyota invests USD 8 bn in its US battery plant: Toyota is investing an additional USD 8 bn in Toyota Battery Manufacturing North Carolina (TBMNC), bringing total investments in the plant to around USD 13.9 bn, according to a statement. The funds will go to adding eight battery production lines to the plant for EV […]
Posted inON YOUR WAY OUT
A native UAE desert plant could inspire advancements in air-to-water tech
The shrub has the ability to extract and condense water from the humid and foggy atmosphere through salts it excretes
Posted inCALENDAR
OCTOBER 2023 29 October-2 November (Sunday-Thursday): Cairo Water Week, Cairo, Egypt. 30 October-2 November (Monday-Thursday): International Solar Alliance Assembly, New Delhi, India. 31 October-2 November (Tuesday-Thursday): Financial Times’ Energy Transition Summit, London, UK. 31 October-2 November (Tuesday-Thursday): World Hydropower Congress, Bali, Indonesia. NOVEMBER 2023 1-3 November (Wednesday-Friday): Forbes Middle East Sustainability Leaders Summit 2023, Abu […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Aramco Ventures makes a Singaporean investment in RECs
Good morning, ladies and gents. The lull in the news cycle continues, but we have a few stories making small waves in our region this morning. THE BIG CLIMATE STORY- Aramco Ventures has invested USD 10 mn in Singapore-based renewable energy certificate service provider Redex to help the company expand into global markets including Saudi […]