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Author Archives: enterpriseam admin
Posted inWATER TREATMENT
Italy’s Cannon Artes contracted to build the UAE’s wastewater project
Italian water engineering firm Cannon Artes has been awarded a contract for a “massive” UAE wastewater treatment project, the firm said at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) this week, according to a statement. The plant will treat industrial wastewater coming from an unnamed UAE-based thermoplastics manufacturer. The value of the transaction […]
Posted inCAPITAL MARKETS
Five Holdings’ debut green bond listing hits the Nasdaq
The Nasdaq Dubai exchange welcomed the debut green bond listing of Dubai party hotel operator Five Holdings, the exchange said in a statement yesterday. The inaugural listing by Five marks its first appearance on the exchange. About the green bond issuance: The debut green bond amounts to USD 350 mn with a coupon rate of […]
Posted inM&A WATCH
IHC increases its stake in India’s Adani Enterprises
After dumping Adani Green + Adani Energy, IHC ups stake in Adani Enterprises: Abu Dhabi's International Holding Company (IHC) raised its stake in Adani Enterprises (AEL) to more than 5% to explore further investment options in India, the company said in an ADX filing. This comes around a week after IHC offloaded its minority stake […]
Posted inMOVES
African Development Bank appoints new country manager for Tunisia
The African Development Bank (ADB) has appointed Malinne Blomberg (LinkedIn) as country director for Tunisia, it said in a statement on Wednesday. Blomberg currently serves as deputy director general for North Africa and country manager for Libya and Mauritania. Since joining the ADB in 2008, Blomberg has served as country head for Egypt, managing a […]
Posted inFROM THE CLIMATE STORE
India’s Triton EV eyes UAE assembly facility in 2024
India’s EV maker Triton plans to set up shop in the UAE: Indian smart mobility startup Triton EV plans to set up an assembly facility in the UAE next year, its Chairman and Managing Director Himanshu Patel told Gulf Today on Tuesday. The move is in line with Triton’s interest to enter Middle Eastern markets, […]
Posted inALSO ON OUR RADAR
Fleet decarbonization push from Adnoc Distribution + Sadafco
Adnoc Distribution to power UAE fleet with biofuel: Adnoc Distribution, the UAE's largest fuel retailer, will use B20 biofuel to power its heavy vehicle fleet, which supplies fuels and liquefied petroleum gas to its corporate customers, the company announced in a press release. The target is a 15% CO2 emission reduction from the fleet as […]
Posted inAROUND THE WORLD
What keeps Indian business leaders awake at night? Climate change
Climate change among biggest concerns for business leaders in India: “Unpredictable weather patterns” are among the biggest concerns for Indian business executives and managers, a new survey found, according to Bloomberg. About 91% of the respondents in a survey said they found it easier to manage traditional risks compared to newer “non-linear risks” — which […]
Posted inON YOUR WAY OUT
EVs are weighty — and that could pose a problem for car parking garages
EVs are heavier than their fossil fuelled counterparts…: Owing to the hefty weight of electric and hybrid car batteries, electric vehicles (EVs) are heavier than their traditional counterparts, according to a report by the Institution of Structural Engineers (ISE). As their popularity has grown — with over 10 mn EVs being sold in 2022 — […]
Posted inCALENDAR
OCTOBER 2023 2-5 October (Monday-Thursday): ADIPEC Decarbonization Accelerator, Abu Dhabi, UAE. 4 October (Wednesday): Arabia CSR Gala Awarding Ceremony, UAE. 4-5 October (Wednesday-Thursday): Future Sustainability Forum, Dubai, UAE. 9 October (Monday): ِAhram newspaper annual energy conference, Cairo, Egypt. 9-10 October (Monday-Tuesday): Saudi Green Building Forum, Riyadh, Saudi Arabia. 10-11 October (Tuesday-Wednesday): Green Energy Africa Summit, […]