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Veolia-led consortium is taking the waste out of Al Ruwais: A consortium comprising French waste and water management company Veolia, ADQ, and Saudi investment powerhouse Vision Invest has reached financial close on the acquisition of two hazardous industrial waste treatments plants in the UAE’s Al Ruwais Industrial City, according to a statement. Veolia will hold […]
Author Archives: enterpriseam admin
Posted inGREEN HYDROGEN
Morocco’s Gaia Future Energy and Spain’s HyDeal partner to form green hydrogen transport JV
Morocco’s Gaia Energy teams up with Spain’s HyDeal on green hydrogen exports: Moroccan hydrogen developer Gaia Future Energy signed a partnership agreement with Spanish hydrogen provider HyDeal that will see them form a JV — HyDeal Africa — with the aim of transporting green hydrogen from Gaia Future Energy projects in Morocco and Mauritania to […]
Posted inGREEN HYDROGEN
Cepsa inks agreement to strengthen green hydrogen maritime corridor in Europe
Cepsa inks agreements for green hydrogen transport in Europe: Spanish oil company Cepsa — which is majority owned by UAE sovereign fund Mubadala — signed agreements with Norwegian ammonia producer and shipper Yara Clean Ammonia and Dutch energy network operator Gasunie to facilitate transportation of green hydrogen to Germany and neighboring European countries, Reuters reports. […]
Posted inUncategorized
Posted inREGULATION WATCH
The UAE reveal new policy to regulate its energy market to reduce consumption and increase efficiency
The UAE has unveiled a new state policy on regulating the country’s energy market, Wam reports. The policy aims to slash water consumption by 23%, increase clean energy utilization by 5%, and push down the construction sector’s energy demands by 51% by 2050, UAE Energy and Infrastructure Minister Suhail Al Mazrouei revealed yesterday. Targets: The […]
Posted inCARBON MARKETS
Saudi companies bid big at RVCMC’s 2 mn carbon credit auction in Kenya
RVCMC’s credit auction draws big interest from KSA: A carbon credit auction hosted by Saudi Arabia’s Regional Voluntary Carbon Market Company (RVCMC) in Nairobi drew big demand from over a dozen firms — a majority of which were Saudi Arabian firms — who bid on an available 2 mn tons of carbon credits, Reuters reports. […]
Posted inDEBT WATCH
Commercial Bank of Dubai raises USD 500 mn in inaugural green bond issuance
CBD pulls the trigger on its debut green bond issuance: The Commercial Bank of Dubai has raised USD 500 mn through its inaugural green bond issuance, according to a statement. The five-year bond, which held a coupon rate of 5.319%, was priced at 140 basis points (bps) over US Treasuries, with the issuance generating “substantial […]
Posted inMOVES
Mohammed Alhajjaj will head KSA’s Engie Solutions
Mohammed Alhajjaj (LinkedIn) has been appointed as the CEO of Engie Solutions in Saudi Arabia — a subsidiary of the French utility company Engie, Alhajjaj said. The company provides sustainable energy and service solutions for cities, communities, industries and properties. Prior to this appointment, he served as the executive managing director for regional investment development […]
Posted inKUDOS
Bahrain’s Bepco bags accolades for its USD 2.2 bn green credit facility + UAE’s Empower gets two gold awards at IDEA 2023
Bahrain’s Bepco recognized for USD 2.2 bn corporate green note: Bahrain-based Bapco Energies has snapped up two awards; the Best Islamic Finance Facility Award at the EMEA Annual Achievement Awards and ESG Loan Transaction of the Year at GFC Media Group’s Bonds, Loans & Sukuk Middle East Awards in recognition of its USD 2.2 bn […]
Posted inALSO ON OUR RADAR
UAE wants to up bilateral exports with Kazakhstan in the renewable and waste management sectors
UAE’s Etihad Credit Ins. teams up with KazakhExport on renewables and waste management: Etihad Credit Ins. — the federal export credit firm of the UAE — has signed an MoU with export insurance company KazakhExport to boost trade between the UAE and Kazakhstan in renewables and waste management, Wam reports. The MoU — which aims […]