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The EU’s 2050 net-zero targets could shift air transport east and bankrupt Europe’s aviation sector, industry leaders said at the Airlines for Europe (A4E) aviation summit in Brussels last week, AFP reports. The shift to sustainable aviation fuels and carbon emission taxes would cost the EU’s aviation sector some USD 629 bn by 2050, the […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Tunisia’s Kuriat Islands set the bar for protecting the Med's Posidonia seagrass
Tunisia sets the bar for effective marine protection management: Despite recent analysis showing that Posidonia seagrass meadows have declined by 34% over the past 50 years, conservation efforts on Tunisia’s Kuriat Islands has succeeded to protect the fragile marine prairies due to effective co-management of the Marine Protected Area (MPA), conservationist Yassine Sghaier said in […]
Posted inCALENDAR
APRIL 2023 6 April (Thursday): Arabia CSR Awards 2022 Clinic (online). 18-19 April (Tuesday-Wednesday): International Conference on Green Energy and Environmental Technology (ICGEET), Dubai, UAE. 29-30 April (Saturday-Sunday): First COP27 transitional committee workshop, Bonn, Germany. MAY 2023 1-4 May (Monday-Thursday): Arabian Travel Market, Dubai, UAE. 2-7 May (Tuesday-Sunday): Salon International de l’Agriculture au Maroc (SIAM), […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Saudi Arabia’s IsDB earmarks USD 403 mn for Egypt and Central Asia
Good morning, ladies and gents. It’s a busy start to the week with a lot of ground to cover, so let’s dive right in. THE BIG CLIMATE STORY- Saudi Arabia’s Islamic Development Bank will provide c. USD 403 mn for three projects in Egypt, Kyrgyzstan, and Tajikistan with a bulk of the financing going towards […]
Posted inUncategorized
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Posted inCLIMATE FINANCE
Saudi’s Islamic Development Bank earmarks USD 403 mn for Egypt and Central Asia
KSA’s IsDB is backing sustainability projects: The Islamic Development Bank (IsDB) will provide c. USD 403 mn for three projects in Egypt, Kyrgyzstan, and Tajikistan under efforts to back socio-economic development and promote sustainable energy and transport, according to a statement released on Saturday. Egypt’s high-speed rail is getting a boost: Egypt is set to […]
Posted inDEBT WATCH
Saudi Arabia's Al Rajhi Bank raises USD 1 bn in sustainable sukuk
Al Rajhi Bank — Saudi Arabia's second-largest lender by assets — has raised USD 1 bn from its five-year USD-denominated sustainable sukuk issuance, according to a disclosure to Tadawul on Thursday. The bank issued 5k bonds at a par value of USD 200k, with the sukuk carrying a yield of 4.75% per annum, the disclosure […]
Posted inMINERALS
Luxembourg’s ERG eyes investments in regional minerals
ERG is eyeing mining in the Arabian-Nubian Shield: Luxembourg-headquartered Eurasian Resources Group (ERG) is looking to build up a portfolio of energy transition minerals by investing in mining activities in MENA and the GCC, CEO Benedikt Sobotka said in an interview with S&P Global last week. The group identified the Arabian-Nubian Shield — a geological […]
Posted inNUCLEAR
Construction of Dabaa nuclear plant’s third reactor gets the green light
More progress on Egypt’s nuclear plant: The Egyptian Nuclear & Radiological Regulatory Authority (ENRRA) has granted permission for the construction of the third 1.2 GW reactor at Egypt’s 4.8 GW Dabaa nuclear power plant, according to a statement last week. No timeline has been released on when construction will begin. The approval comes after construction […]
Posted inSMART CITIES
Morocco’s OCP Group extends USD 1 bn to Mohammed VI Polytechnic University
Morocco’s UM6P secures nearly USD 1 bn in financing: Morocco’s Mohammed VI Polytechnic University (UM6P) has raised USD 986 mn from the OCP Foundation to support green expansion plans and smart city projects in Morocco’s green city of Benguerir, Morocco World News reports. What we know: UM6P will channel the funds provided by OCP to […]