Climate (MENA) 
MENA+ Edition 
Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Egypt’s Bank of Alexandria inked a financing agreement with the European Investment Bank (EIB) for a USD 15 mn loan to finance green projects, according to a statement. The loan agreement was signed under the framework of the first Green Economy Financing Facility which is co-financed by the EU, according to a separate statement. The […]
Author Archives: enterpriseam admin
Posted inUncategorized
Posted inRENEWABLES
Egypt finalizes feasibility studies for a silicone production complex powered by renewables
Egypt is shoring up polysilicon ahead of solar energy expansion: Egypt has completed the feasibility study for a new solar-powered silicone production complex in New Alamein, according to a statement. The project — spanning 200 feddans on Egypt’s North Coast — aims to produce locally-manufactured silicone and derivatives rather than rely on imports. Securing supply […]
Posted inGREEN HYDROGEN
Oman and Belgium ink agreement for green hydrogen certificates pilot project
One step forward for Oman’s green hydrogen: Oman’s Energy and Minerals Ministry and the Belgian Energy Ministry signed an agreement for a Green Energy Certificates pilot project for the sultanate's ambitious green hydrogen Hyport Duqm project, Oman News Agency reports. What we know: The agreement aims to assess the adherence of green hydrogen production projects […]
Posted inEARNINGS WATCH
Dewa reports robust results for 1Q 2023 on the back of strong demand
A solid 1Q for Dewa: State utility provider Dubai Electricity and Water Authority (Dewa) reported a 10.4% y-o-y increase in net income in 1Q 2023 to AED 763 mn on the back of increased demand on utility services, according to an earnings release (pdf). Robust topline: Revenues were up 7.3% y-o-y during the quarter on […]
Posted inEARNINGS WATCH
Fertiglobe 1Q 2023’s net income falls on the back of lower gas selling prices, muted demand
Not the best 1Q for Fertiglobe: MENA fertilizers firm Fertiglobe — a joint venture between Adnoc and OCI — saw its adjusted net income plunge 62% y-o-y in 1Q 2023 to USD 135.4 mn, according to its earnings release (pdf). Its revenues fell by 41% y-o-y during the quarter to report USD 694 mn. Lower […]
Posted inCLIMATE DIPLOMACY
Morocco and UK sign framework on climate action, Spain wants to boost renewables in Tunisia PLUS: UAE and Hungary talk renewables
Morocco and the UK signed a strategic framework for cooperation on climate action, clean energy, and green growth, Maghreb Arab Press reports. The framework will ensure the automatic inclusion of climate impact in the planning and work carried out by Morocco’s public and private sector as part of the kingdom’s fast and responsible energy transition. […]
Posted inALSO ON OUR RADAR
The UK’s Zhero launches green hydrogen plants including a North Africa facility
Zhero has a North African green hydrogen plant in the pipeline: London-headquartered renewables firm Zhero — co-founded by former Acwa Power executive Paddy Padmanathan — has started work on four green hydrogen plants, Zawya reports, quoting comments made by Padmanathan on a webinar organized by Project Finance International. Two of the plants are located in […]
Posted inAROUND THE WORLD
Adani Green Energy ousted from UN Climate Group
Adani companies lose endorsement of UN-backed climate group: Three Adani Group companies have lost the endorsement of the UN-backed Science Based Targets initiative (SBTi) for failing to conform to the group’s green-focused standards and policies, Bloomberg reports, citing an internal report by SBTi. The expulsion from the UN group’s list of “companies taking action” will […]
Posted inON YOUR WAY OUT
YouTube is still pocketing income from climate-denying adverts
YouTube is turning a buck from ads on videos that are spreading misinformation about climate change, Euronews reports, citing a new report by the Climate Action Against Disinformation and the Center for Countering Digital Hate. The report found 200 climate disinformation videos on the platform that had ads by major brands like Tommy Hilfiger, Nike, […]