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KSA, Qatar enter JV with Japan for district cooling: Saudi Arabia’s Ajlan & Bros for Trading, Qatar’s the United District Energy International, and Japan’s Marubeni Corporation will set up a district cooling joint venture in the kingdom, Trade Arabia reports. No financial details or timelines were disclosed. Need a refresher on district cooling? Our Green […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Rising temperatures increases dangers of disease-causing fungus
Global warming could lead to deadly heat-resistant fungi: The post-apocalyptic TV series The Last of Us may have foreseen a real life heat-adapting fungus that can wreak havoc on human bodies, according to a study published last week. Well, minus the zombie part, co-author of a study on the impact of rising temperatures on disease-causing […]
Posted inCALENDAR
FEBRUARY 2023 4-9 February (Saturday- Wednesday) International Association for Energy Economics’ International Conference, Riyadh, Saudi Arabia. 6-8 February (Monday-Wednesday): Saudi International Marine Exhibition and Conference, Riyadh, Saudi Arabia. 21-23 February (Tuesday-Thursday): World Environment, Social and Governance (ESG) Summit, Dubai, UAE. MARCH 2023 7-9 March (Tuesday-Thursday) Middle East Energy Exhibition, Dubai World Trade Center, Dubai, UAE. […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: MENA has bagged its first 100% SAF fuelled demo flight + UAE’s International Holding Company backs the Adani Enterprises’ secondary offering
Good morning, wonderful people. We have news across a spectrum of industries and countries today, so buckle up. THE BIG CLIMATE STORY- The Adani Enterprises secondary offering saga continues with share prices sinking amid threats of taking the issue to court — but UAE corporate investment holding firm International Holding Company has thrown Adani Enterprises’ […]
Posted inUncategorized
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Posted inM&A WATCH
UAE’s IHC gives Adani Enterprises’ secondary offering a shot in the arm
Abu Dhabi’s IHC confirms investment in Adani Group: Abu Dhabi-headquartered corporate investment holding firm International Holding Company (IHC) intends to invest USD 400 mn in the USD 2.45 bn (INR 200 bn) secondary offering of India’s Adani Group subsidiary Adani Enterprises, it announced in a statement. Bloomberg had previously reported that IHC had bid for […]
Posted inUncategorized
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Posted inMINING
Another boost for Saudi Arabia’s mining industry
Luxembourg-headquartered mining and raw materials supplier Eurasian Resources Group (ERG) will invest USD 50 mn in Saudi Arabia’s mining sector, according to a statement released last week, with plans for further long-term investments. No time frames were disclosed in the statement. The details: ERG is planning large scale and tech driven, early-stage exploration for battery […]
Posted inBATTERY STORAGE
Abdul Latif Jameel’s FRV reaches financial close on British BESS facilities
Abdul Latif Jameel Energy’s FRV adds more UK battery storage projects to portfolio: Spain-headquartered Fotowatio Renewable Ventures (FRV) reached financial close on two battery energy storage (BESS) facilities in the UK with a combined power output of 133 MW, according to a company statement. FRV — a subsidiary of Saudi solar PV developer Abdul Latif […]
Posted inELECTRIC VEHICLES
Toyota brings hybrid vehicle + batteries production to Turkey plant
Toyota will begin producing hybrid and plug-in hybrid versions of the Toyota C-HR and build a battery production line at one of its plants in Turkey, according to a company statement. The automaker will invest EUR 317 mn in the battery production line, the statement says, without specifying the cost of producing the hybrid and […]