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Posted inGREEN FINANCE
AfDB presents USD 1.5 bn in renewables investment opportunities, discusses mobilizing private sector financing for the green transition
AfDB annual meeting showcases bankable renewables projects: The African Development Bank’s (AfDB) annual meeting of the board of governors kicked off in Sharm El Sheikh earlier this week, bringing together finance ministers and central bank governors from 81 member countries. The officials discussed a framework for spurring private financing domestically and globally and help bridge […]
Posted inINVESTMENT WATCH
Egypt-Oman investment fund to go live in 4Q 2023 with focus on renewables
A joint fund being set up by the Sovereign Fund of Egypt (SFE) and the Oman Investment Authority (OIA) plans to start making investments in 4Q 2023, according to a statement released earlier this week. The two wealth funds will target companies and projects in the pharma, food, and renewables sectors, the statement notes. We […]
Posted inCLIMATE DIPLOMACY
Algeria and Portugal are looking to partner on clean energy projects
Algeria and Portugal may collaborate on renewables: Algeria’s President Abdelmadjid Tebboune landed in Lisbon yesterday where he met with Portuguese President Marcelo Rebelo de Sousa and discussed upping renewables-focused partnerships (watch, runtime 2:40). Tebboune also met with Spanish Prime Minister Antonio Costa and signed a cooperation agreement said to focus on expanding bilateral trade including […]
Posted inALSO ON OUR RADAR
Emirates Global Aluminium and BP team up to reduce emissions of EGA’s calcined petroleum coke supply chain
Emirates Global Aluminium, BP partner on reducing CO2 intensity: State-owned aluminum manufacturer Emirates Global Aluminium (EGA) signed a non-binding agreement with British oil firm BP to explore pathways for pushing down the emissions of the company’s calcined petroleum coke (CPC) supply chain, according to Wam. A timeline and price tag on the projects that will […]
Posted inAROUND THE WORLD
JP Morgan allocates USD 200 mn financing package for carbon capture
JP Morgan to earmark USD 200 mn for carbon capture: US investment banking giant JP Morgan Chase has pledged a USD 200 mn financing package for carbon removal projects, inking several agreements with carbon capture, usage, and storage (CCUS) and direct air capture firms for the purchase of durable carbon credits, according to a statement. […]
Posted inCALENDAR
MAY 2023 25-27 May (Thursday-Saturday): Second meeting of the COP27 Transitional Committee, Bonn, Germany. 29-31 May (Monday-Wednesday): Electric Vehicle Innovation Summit, Abu Dhabi, UAE. 29-31 May (Monday-Wednesday): CCUS Forum, Lusail City, Qatar. 30 May-1 June (Tuesday-Thursday): Global Sustainable Development Congress, King Abdullah University of Science and Technology (KAUST), KSA. JUNE 2023 1 June (Thursday): Invest […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Majid Al Futtaim is lining up a benchmark green sukuk issuance + Egypt, Energy China ink framework agreement for USD 7 bn green hydrogen plant
Good morning, nice people, and welcome to another brisk issue for you this morning. THE BIG CLIMATE STORY- UAE retail conglomerate Majid Al Futtaim has selected banks to coordinate and manage its upcoming benchmark 10-year USD green sukuk issuance and Egypt’s Suez Canal Economic Zone is on its way to finalizing a framework agreement with […]
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Posted inDEBT WATCH
Majid Al Futtaim is lining up a benchmark green sukuk issuance
Is Majid Al Futtaim gearing up for a third green sukuk issuance? UAE retail conglomerate Majid Al Futtaim has selected banks to coordinate and manage its upcoming benchmark 10-year USD green sukuk issuance, Reuters reports, citing an indicative term sheet it has seen. A benchmark-sized issuance typically means at least USD 500 mn, the newswire […]