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A generous capital increase for Ma’aden: Saudi mining company Ma’aden is set to increase its share capital by SAR 12.3 bn (c.USD 3.2 bn) as it looks to bolster its capital base for future growth plans, according to a disclosure to Tawadul on Thursday. What we know: Ma’aden will increase its capital by 50% to […]
Author Archives: enterpriseam admin
Posted inDEBT WATCH
Commercial Bank of Dubai to issue its first green bond this week
The Commercial Bank of Dubai (CBD) says it will pull the trigger on its maiden USD 500 mn five-year unsecured green bond issuance on Wednesday, according to a disclosure to the Dubai Financial Market on Thursday. The green bond is expected to have an initial price guidance of c.140 basis points (bps) above US Treasuries, […]
Posted inCLIMATE DIPLOMACY
Oman and Belgium want to scale up work on renewables
Oman, Belgium talk renewables: Oman’s Foreign Minister Sayyid Badr Albusaidi affirmed during a meeting with Belgian counterpart Hadja Lahbib the importance of continuously and rapidly working towards common interests in renewable energy and green hydrogen projects, Oman News Agency reported on Friday. REMEMBER- Oman and Belgium have been stepping up cooperation: Oman’s Energy and Minerals […]
Posted inCLIMATE IN THE NEWS
Smaller species are better equipped for adapt to climate change
Smaller creatures more likely to survive a warming planet: Species that are smaller, more widespread, and less complex — such as deer mice or acorn ants — have a better chance of surviving the Earth’s warming climate, National Geographic explains, citing a number of studies. One reason is the ability to develop mutations to help […]
Posted inALSO ON OUR RADAR
UAE’s Silal inks agreement for solar-powered irrigation and the UAE ramps up action on nuclear power and carbon markets
Solar-powered irrigation for the UAE: UAE food security company Silal — part of Abu Dhabi investment company ADQ’s portfolio — signed a partnership agreement with Netherlands-based solar thermal desalination firm Desolenator to boost solar-powered irrigation, Wam reported on Saturday. The pilot project is funded by an AED 100 mn (c. USD 27 mn) research and […]
Posted inAROUND THE WORLD
Ecuador’s USD 1.1 bn debt-for-nature swap sets the stage for others to follow suit
Ecuador’s record breaking debt-for-nature swap is creating a buzz: The recent completion of Ecuador’s debt-for-nature swap — which will see USD 1.1 bn of the country’s debt partially forgiven in exchange for conserving its Galapagos Islands — is “creating a clamor” among other nature-rich indebted countries, Reuters reports. Ecuador’s swap, which Credit Suisse banker Ramzi […]
Posted inON YOUR WAY OUT
Warmer air is creating more flight turbulence and increasing aviation cost
Turbulent times ahead: Warmer air from increased global CO2 emissions is creating bumpier flights around the world, The Guardian reports, citing new research from the University of Reading. The study found that while the US and north Atlantic had experienced the largest increases in turbulence — with severe turbulence in the North Atlantic going up […]
Posted inCALENDAR
JUNE 2023 5-15 June (Monday-Thursday): Bonn Climate Change Conference, Bonn, Germany. 12-15 June (Monday-Thursday): Saudi Plastics & Petrochem, Riyadh, KSA. 13-14 June (Tuesday- Wednesday): The Arab Green Summit, Dubai, UAE. 13-14 June (Tuesday- Wednesday) Bloomberg New Economy Gateway Africa Conference, Marrakesh, Morocco. 13-14 June (Tuesday- Wednesday): Vision Golfe 2023, French Ministry of the Economy, Finance […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Tunisian wastewater projects get a financing boost from World Bank + Aramco Ventures invest in British SAF production startup
Good morning, wonderful people. We have a few climate stories making ripples in the region as we slide into the weekend. THE BIG CLIMATE STORIES- The Tunisian government and the World Bank have signed a EUR 113.6 mn loan agreement to back the country’s wastewater projects and Saudi Aramco’s venture subsidiary Aramco Ventures has invested […]
Posted inUncategorized
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