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MAY 2023 8-10 May (Monday-Wednesday): Global Green Future Fuel, Dubai, UAE. 8-10 May (Monday-Wednesday): Annual Investment Meeting, Abu Dhabi, UAE. 8-10 May (Monday-Wednesday): World Utilities Congress, Abu Dhabi, UAE. 9-11 May (Tuesday): World Hydrogen 2023 Summit & Exhibition, Rotterdam, Netherlands. 9-10 May (Tuesday-Wednesday): The Solar Show MENA, Cairo, Egypt. 9-11 May (Tuesday-Thursday): The Airport Show, […]
Author Archives: enterpriseam admin
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Bahrain’s Green Corp acquires a stake in UAE’s Badia Farms
Good morning, wonderful people. We have a monetarily heavy issue for you today with a bit of M&A, development finance, and earnings updates. But first… We’re only six days away from meeting with some of you at the Enterprise Exports and FDI Forum, taking place at the Four Seasons at the Nile Plaza on Monday, […]
Posted inM&A WATCH
Bahrain’s Green Corp acquires an undisclosed stake in UAE’s Badia Farms
Bahrain-based agribusiness platform Green Corp has acquired an undisclosed stake in the UAE’s first urban vertical farming company Badia Farms, according to a statement by Green Corps’ mother company Gulf Islamic Investments (GII). The merger aims to grow Badia Farms’ sustainable food production projects across the Gulf region. The UAE currently imports more than 80% […]
Posted inDevelopment finance
Mauritania’s potable water project gets a USD 30 mn boost from the ADFD
Mauritania gets a boost from ADFD: The Abu Dhabi Fund for Development will provide Mauritania with USD 30 mn in financing to support a national project to provide the city of Kiffa with potable water sourced from the Senegal River, according to a statement. It is unclear whether the financing will be in the form […]
Posted inUncategorized
Posted inDEBT WATCH
Coca-Cola’s African bottling partner gets a EUR 64 mn IFC loan for green transition
Your bottle of Coke is getting greener: Equatorial Coca-Cola Bottling Company (ECCBC), Coca-Cola’s official bottling partner in Africa, has signed an agreement with the International Finance Corporation (IFC) for a EUR 64 mn loan to boost climate-friendly measures and increase plastic recycling across its operations in 13 countries on the continent, according to an IFC […]
Posted inEARNINGS WATCH
SABIC’s 1Q 2023 net income plunges on back of global prices squeeze
A bad 1Q for SABIC: The Saudi Basic Industries Corp (SABIC) reported a 90% y-o-y fall in net income in 1Q 2023 to SAR 660 mn on the back of pressure on global prices, according to its earnings release (pdf). Topline takes a hit: Sabic’s revenues plunged 25% y-o-y during the first quarter of the […]
Posted inMOVES
Mohamed Al Hammadi selected to lead WNA
A new boss at WNA: Emirati national Mohamed Al Hammadi (Linkedin) has been selected to chair the World Nuclear Association (WNA), becoming the first Arab to assume the post, Wam reports. Al Hammadi, who is currently the Managing Director and CEO at Emirates Nuclear Energy Corporation, will begin his tenure as WNA chief in 2024. […]
Posted inCLIMATE IN THE NEWS
Friendshoring critical minerals is the name of the game
Friendshoring critical mineral production is possible, but…: The US and key partners globally can significantly ‘friendshore’ the production of critical minerals, but this would require extraordinary technological and financial cooperation, Carnegie writes, citing a study by the Net Zero Industrial Policy Lab at Johns Hopkins University. Such partnerships among democratic states could produce sufficient minerals […]
Posted inALSO ON OUR RADAR
Oman signs declaration of intent for green hydrogen cooperation with Belgium
Oman and Belgium seek cooperation in green hydrogen: Omani Energy and Minerals Minister Salem bin Nasser Al Aufi signed a declaration of intent with Belgian Energy Minister Van der Straten to enhance cooperation in green hydrogen, as part of Oman’s plans to become a regional green hydrogen hub, the Omani ministry said. The sultanate is […]