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Egypt discusses expanded partnership with the EU: Egyptian International Cooperation Minister Rania Al Mashat and Directorate-General for Neighborhood and Enlargement Negotiations at the European Commission Geert Jan Koopman met to discuss expanding the strategic partnership between the EU and Egypt, including joint work on green hydrogen production, according to a statement released on Friday. This […]
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Posted inALSO ON OUR RADAR
Jordan renewable energy fee sparks backlash + Sustainability and mining updates from UAE, Qatar and Oman
Not everyone is happy with Jordan’s fresh renewable energy fee: A recent decisionby the Jordanian government to impose a JOD 2 / kWh fee on users with renewable energy systems has sparked criticism among involved stakeholders, Jordanian daily Al Ghad newspaper reported last week. A statement by Jordanian NGO Edama picked up by the media […]
Posted inAROUND THE WORLD
The UK lays out updated climate strategy + Australia cracks down on emissions
The UK sets out its climate strategies: The UK unveiled its new energy strategy laying out the government’s approach for investments in renewable energy, carbon capture, and nature-based carbon mitigation projects, according to an energy security plan (pdf) released last week. The government also issued a flurry of announcements for a host of climate-focused sectors […]
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. 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), Meknes, Morocco. 4-6 May (Thursday-Saturday): International 100% Renewable Energy Conference […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: EBRD + EU extend EUR 71 mn in financing for Jordan wastewater project + UN passes historic resolution on climate change obligations
Good morning, wonderful people. We’re closing out the first week of Ramadan and heading into what we hope will be a restful weekend. That Ramadan news cycle slowdown? Nowhere in sight. THE BIG CLIMATE STORY- The European Bank for Reconstruction and Development (EBRD) signed an agreement with Jordan’s Planning and International Cooperation Ministry to channel […]
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Posted inCLIMATE FINANCE
EBRD, EU provide Jordan EUR 71 mn finance package for wastewater treatment
Jordan is getting EUR 71 mn from the EBRD + EU for a wastewater treatment plant: The European Bank for Reconstruction and Development (EBRD) signed an agreement with Jordan’s Planning and International Cooperation Ministry to channel a EUR 30 mn grant provided by the EU that is co-financed by a EUR 41.3 mn loan from […]
Posted inDEBT WATCH
Saudi Arabia's Al Rajhi Bank’s sustainable sukuk issuance offer kicks off
Saudi Al Rajhi sustainable sukuk offer commences: Al Rajhi Bank — Saudi Arabia's second-largest lender by assets — has announced the kickoff of its five-year USD-denominated sustainable sukuk offer on the London Stock Exchange, according to a disclosure to Tadawul. The size and terms of value of the Islamic bond issuance will be determined subject […]
Posted inEARNINGS WATCH
KSA’s Tadweeer sees bottom line soaring in 2022 on the back of robust sales
Robust results for Tadweeer: Saudi-based recycling company Tadweeer reported a 61% y-o-y rise in net income in 2022 to SAR 18.1 mn on the back of strong sales, it said in a disclosure to Tadawul. Its revenues jumped 163.4% y-o-y last year to SAR 404.6 mn. What they said: “Increase in net [income] is primarily […]
Posted inKUDOS
Masdar bags sustainability awards + Apicorp recognized for its USD 75 mn carbon offsetting facility
Masdar bags two awards: UAE renewables giant Masdar secured the Energy Globeaward in recognition of its power and water saving retrofit project at the Future Rehabilitation Centre in Abu Dhabi, the company noted in a Tweet. Australia-based publication The CEO Magazine also named Masdar CEO Mohamed Jameel Al Ramahi as one the world’s top 20 […]