Climate (MENA) 
MENA+ Edition 
Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Big plans by Morocco’s OCP: Moroccan state-owned fertilizer and phosphate giant OCP Group plans to invest USD 7 bn in an ammonia plant using green hydrogen produced from renewable energy, company representatives told Reuters. The plan comes under efforts by the fertilizers giant to boost output and shift to renewable energy. What does OCP have […]
Author Archives: enterpriseam admin
Posted inM&A WATCH
PIF emerges as a frontrunner in the bids for a stake in Vale’s base metals unit
Vale has a Saudi suitor: Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF) is the leading bidder for a stake in Brazilian miner Vale’s nickel and copper operations, Bloomberg reports, citing people with knowledge of the matter. PIF is reportedly seeking to acquire a 10% stake in Vale’s base metals unit, they said, […]
Posted inUncategorized
Posted inDEBT WATCH
Emirates Development Bank launches AED 100 mn lending program for agritech
EDB is extending a lending hand for agritech: The Emirates Development Bank (EDB) has launched AED 100 mn (c. USD 27.2 mn) in financing for the UAE’s food security sector under the country’s first agritech loans program, Wam reports. What we know: The new program aims to “empower farms, local growers and food suppliers by […]
Posted inMOVES
UAE’s Farnek appoints a new head of consultancy and sustainability
UAE’s Farnek appoints a new head of consultancy and sustainability: UAE-based smart and green facilities management firm Farnek has appointed Muna AlNahdi as its new head of consultancy and sustainability, according to a statement. AlNahdi will leverage her experience in energy-efficient retrofit projects to spearhead the company’s net zero target across several sectors including retail, […]
Posted inFROM THE CLIMATE STORE
Lucid has begun delivering luxury Air EVs to Saudi Arabia
Lucid Group has started customer deliveries of its Lucid Air electric sedan in Saudi Arabia, delivering hundreds of the EVs to the country on a weekly basis, Vice President and Managing Director of Lucid Middle East Faisal Sultan told Argaam. The specs: The four-seater Grand Touring model packs two electric motors, goes from 0-60 mph […]
Posted inCLIMATE IN THE NEWS
Himalayan Glaciers may lose 75% of their ice volumes by 2100
Himalayan glaciers set to lose 75% of their ice by the end of the century: Glaciers in the mountainous Hindu Kush Himalaya region in Asia — which includes Nepal and Bhutan — are set to lose three quarters of their ice volumes by 2100, resulting in severe flooding and water shortages for 240 mn of […]
Posted inALSO ON OUR RADAR
Spain’s PV Hardware is supplying solar trackers for Neom’s green hydrogen plant
Spain’s PVH to supply solar trackers for Neom’s green hydrogen plant: Spain-based solar tracker manufacturer PV Hardware (PVH) — which localized production in KSA back in 2022 with its 8 GW tracker factory — will supply 2.97 GW peak (GWp) worth of solar trackers for PV plants powering the USD 8.4 bn Neom green hydrogen […]
Posted inAROUND THE WORLD
Denmark and the Netherlands plan a USD 1 bn fund for green hydrogen deployment in South Africa
The Netherlands and Denmark are working together to set up a USD 1 bn fund to invest in green hydrogen projects in South Africa, Bloomberg reports, citing CEO of the Development Bank of Southern Africa Boitumelo Mosako. The fund is set to receive contributions from state finance institutions DBSA and the Industrial Development Corp of […]
Posted inCALENDAR
JUNE 2023 22-23 June (Thursday-Friday) The UN’s Summit for a New Global Financing Pact, Paris, France. JULY 2023 3-7 July (Monday-Friday): The 36th Conference of the International Association of Climatology, Bucharest, Romania. 15-16 July (Saturday-Sunday): Second COP27 transitional committee workshop, Bangkok, Thailand. TBD: Egypt’s post-COP27 Environmental and Climate Investment Forum, hosted by Egypt, Switzerland and […]