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The UAE’s state-owned renewables developer Masdar has hired banks for its debut green bonds issuance, Reuters reports, citing a bank document it has seen. A 10-year benchmark-sized issuance — usually set at a minimum USD 500 mn — will follow, subject to market conditions, according to the newswire. Advisors: The document showed that Citi and […]
Author Archives: enterpriseam admin
Posted inDEBT WATCH
KSA’s Neom is looking to raise USD 2.7 bn to fund smart city The Line
KSA’s Neom is looking to raise SAR 10 bn to fund The Line: Saudi Arabia’s Neom is reportedly looking to secure loans totalling SAR 10 bn (USD 2.7 bn) to finance the early stages of its net-zero city The Line, Bloomberg reports, citing people with knowledge of the matter. Negotiations on the terms of the […]
Posted inCLIMATE DIPLOMACY
Japan embarks on a whirlwind regional tour, sealing agreements with KSA and UAE
The Japanese are all in for the Gulf’s clean energy potential: Japan’s Prime Minister Fumio Kishida held talks with Saudi Arabia and UAE officials aimed at strengthening ties in the fields of clean energy, energy supply and other priority sectors. Kishida’s GCC tour — which includes a visit to Qatar today — comes as Japan […]
Posted inENTERPRISE EXPLAINS
Enterprise Explains: Impacts of El Niño on MENA region
Enterprise Explains: The why and when of El Niño: One of the most closely studied weather phenomena around the world today, El Niño is a cyclical naturally occuring weather phenomenon affecting different regions around the world due to the unusual warming of the sea surface temperature in the eastern Pacific Ocean every two to seven […]
Posted inCLIMATE IN THE NEWS
The world’s top fertilizer producer wants to sell carbon-guzzling soybeans
The world’s top fertilizer producer wants to sell carbon-guzzling soybeans: The world’s largest fertilizer producer Nutrien will begin selling a genetically modified variation of soybeans that soaks up more carbon dioxide than natural counterparts while producing more oils and proteins for biofuel production, Bloomberg writes. The US market will be the first to receive the […]
Posted inALSO ON OUR RADAR
Aramco, Sabic and TotalEnergies have processed oil from plastic waste
It’s a thumbs up for MENA’s first plastic waste-to-feedstock process: Saudi oil giant Aramco, petrochemicals firm Saudi Basic Industries Corp (Sabic), and France’s TotalEnergies have succeeded in converting oil derived from plastic waste into certified circular polymers for the first time in the MENA region, according to a statement. The plastic waste derived oil (PDO) […]
Posted inAROUND THE WORLD
Toshiba and GE partner to establish wind power supply chain in Japan
Japan’s Toshiba is looking to establish a local supply chain for offshore wind power equipment with help from General Electric (GE), Reuters reports. The supply chain would involve 100 small and medium sized businesses serving Japan’s growing wind energy sector, which aims to install 10 GW of wind power by 2030 and 45 GW by […]
Posted inON YOUR WAY OUT
Extreme heat and drought are threatening bee populations in Iraq
Bee farmers that once used to operate in central Iraq are now heading to the mountains of Kurdistan to escape extreme heat and an ongoing drought, AFP writes. Beehives thrive in temperatures between 34.5-35.5 °C, and temperatures of c. 50°C in Basra and Baghdad are no longer suitable for honey farming. High temperatures affect the […]
Posted inCALENDAR
JULY 2023 18-19 July (Tuesday-Wednesday): Egypt Mining Forum, Cairo, Egypt. 22-23 July (Saturday-Sunday): International Conference on Solar Power Technology, Dubai, the UAE. 25-26 July (Tuesday-Wednesday): London Hydrogen-Africa Green H2 Investment Forum, London, UK. TBD: Egypt’s post-COP27 Environmental and Climate Investment Forum, hosted by Egypt, Switzerland and UNIDO. AUGUST 2023 20-24 August (Sunday-Wednesday): World Water Week […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Maersk is reportedly looking to acquire Egypt’s Zafarana wind farm
Good morning, wonderful people. It’s a very busy morning in the region with climate updates across all parts of the industry. Shall we? THE BIG CLIMATE STORIES- The Egyptian government has received an offer from Denmark's global shipping bellwether Maersk for the acquisition of the state-owned 545 MW Zafarana wind farm, less than a week […]