Climate (MENA) 
Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
A new EGP 1 bn waste recycling project for Egypt? Egyptian Trade and Industry Minister Ahmed Samir met with KSA-based firm Al Bashayer Company to review the company’s plan to invest EGP 1 bn (USD 32.4 mn) in establishing a waste repurposing plant in Egypt, according to a statement released on Friday. Part of a […]
Author Archives: enterpriseam admin
Posted inDEBT WATCH
Egypt is eyeing USD 700 mn worth of green bonds in 2024 + up to USD 5 bn in issuances in the pipeline
The Egyptian government is reportedly considering issuing green bonds worth USD 700 mn next year, Al Borsa reported on Thursday, citing sources it says have knowledge of the matter. The issuance, which is still under study, will be carried out by an Electricity Ministry-affiliated body and the proceeds will be used to fund an unnamed […]
Posted inUncategorized
Posted inGREEN MANUFACTURING
China’s Trina Solar will set up a PV manufacturing base in the UAE
China’s Trina building solar panel manufacturing base in UAE: Chinese giant solar panel maker Trina Solar has signed an MoU with the UAE’s AD Ports and China-based investment firm Jiangsu Provincial Overseas Cooperation and Investment (JOCIC) to build a large-scale PV manufacturing base in the Khalifa Economic Zones Abu Dhabi (Kezad), English-language Chinese news outlet […]
Posted inWASTE TO ENERGY
Oman’s Nama Water will explore the feasibility of wastewater sludge WtE project
Nama Water is studying a new waste-to-energy initiative: Oman's national water utility company Nama Water is studying the feasibility of producing biogas from wastewater sludge as a promising waste-to-energy (WtE) initiative, Oman Daily Observer reported on Thursday. The feasibility study will explore and determine the financial and technical aspects of using anaerobic digestion tech to […]
Posted inDEBT WATCH
International Finance Corporation is allocating 35% of USD 125 mn loan to green SMEs in Turkey
Fresh IFC financing for Turkey’s green sector: The International Finance Corporation (IFC) will invest USD 125 mn in Diversified Payment Rights (DPR) to Turkey’s state-owned bank Yapı Kredi, with at least 35% of the funds earmarked for SMEs focused on energy efficiency and renewables, according to a statement published last week. Turkey is big on […]
Posted inCLIMATE DIPLOMACY
Saudi signs MoUs with Indonesia and Singapore for renewables cooperation
KSA wants to partner up with Indonesia on renewables: Indonesia’s President Joko Widodo concluded a state visit where he discussed increasing bilateral cooperation in the renewable energy sector with KSA’s Crown Prince Mohammed bin Salman, the Saudi Press Agency reported on Friday. Both countries are currently reviewing potential investments across the solar, wind, and geothermal […]
Posted inALSO ON OUR RADAR
Neo Mobility raises USD 10 mn in seed round
STARTUPS- Neo Mobility completes seed funding round: Dubai-based all-electric last-mile logistics and mobility company Neo Mobility has raised USD 10 mn in a seed funding round from green financing firms Delta Corp Holdings and Pyse Sustainability Fund among others, according to a statement released on Friday. The investment will allow Neo to scale up its […]
Posted inAROUND THE WORLD
Tesla’s slowing growth warns of EV market slowdown
Tesla's disappointing 3Q warns of a slow EV market: Tesla's slowing growth during 3Q 2023, along with its shares dropping 9.3% on Thursday and then 4.4% again on Friday, signal rough times for the EV industry, Bloomberg reported on Friday. “We see a warning from the ‘gold standard’ of EVs having a ripple effect across […]
Posted inCLIMATE IN THE NEWS
US startup Brimstone Energy says it can fully decarbonize the cement industry
US startup says it can fully decarbonize the cement industry: California-based climate tech startup Brimstone Energy is using magnesium rich-calcium silicate rocks instead of carbon-heavy limestone in a bid to decarbonize the global construction industry and manufacture carbon-negative alternatives as durable as Portland cement, CNBC writes. The global cement production sector accounts for 8% of […]