Climate (MENA) 
MENA+ Edition 
Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Could Ocean Iron Fertilization help MENA absorb more carbon? MENA’s blue assets continue to deteriorate due to unchecked polluting industries like transportation and poor waste management among other reasons, a World Bank study (pdf) found. With water temperatures in the Arabian Gulf expected to rise by 4.26°C by 2039, devastating effects on marine biology, including […]
Author Archives: enterpriseam admin
Posted inALSO ON OUR RADAR
Egyptian and Moroccan startups get a bit of funding
Nairobi-based VC firm Catalyst Fund is investing USD 2 mn in 10 African startups focused on climate resilience, according to a statement. Egyptian waste management company Bekia, Egyptian agritech firm Visual and AI solutions (VAIS), and Moroccan agroforestation startup Sand to Green are three of the firms selected. Each of the startups will receive USD […]
Posted inKUDOS
Wizz Air and Hilton cut emissions + DEWA nabs an awards
A round of applause goes out to the following high-achievers in climate-friendly initiatives. Dubai’s Water and Electricity Authority secured the Global ExcellenceAssembly’s Organizational Achievement award for 2022 in recognition of its sustainability-focused projects and sustainability targets for 2030 and 2050, according to a statement. Wizz Air achieved the lowest ever recorded average carbon emissions by […]
Posted inON YOUR WAY OUT
Behold, the world’s largest wind turbine
“What you see over there aren't giants, they're windmills”: China’s Ming Yang SmartEnergy Group Ltd. just unveiled the world’s largest offshore wind turbines with blades spanning a staggering 140 meters, according to a company statement. Just to give you a rough equivalent, that’s a line-up of four Airbus planes. Mega output: The production capacity of […]
Posted inCALENDAR
JANUARY 2023 10-12 January (Tuesday-Thursday): The Future Minerals Forum, Riyadh, Saudi Arabia. 12 January (Thursday): Business Transition to Net-Zero – the Path Towards a Successful Low-Carbon Future Forum, Bahrain. 13 January (Friday): The International Renewable Energy Agency’s Youth Forum, Abu Dhabi, UAE. 14-21 January (Saturday-Saturday): Abu Dhabi Sustainability Week, Abu Dhabi, UAE. 14-15 (Saturday-Sunday): Global […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Acwa Power is raising a second sukuk issuance + Turkey’s EV sector is getting a financial boost from EBRD
Good morning, friends. The deluge of news is showing no signs of slowing down and we have a packed issue for you with a heavy serving of finance news. THE BIG CLIMATE STORIES- Saudi Arabia’s Acwa Power plans to raise up to SAR 1.8 bn through its second sukuk issuance — part of a wider […]
Posted inUncategorized
This publication is proudly sponsored by
Posted inDEBT WATCH
KSA’s Acwa Power targets SAR 1.8 bn financing through new sukuk issuance
Acwa Power plans sukuk issuance to shore up project financing: Tadawul-listed renewables player Acwa Power pulled the trigger on a sukuk issuance to raise up to SAR 1.8 bn (USD 479 mn), according to a disclosure to the Saudi bourse yesterday. This is the company’s second issuance — part of a wider SAR 5 bn […]
Posted inWASTE MANAGEMENT
Egypt to invest USD 120 mn on its waste-to-energy project in Abu Rawash
Egypt will spend USD 120 mn to bankroll a waste-to-energy project: RenergtaryPrody Group Partners — a joint venture between Egypt’s National Organization of Miliuction and Green Tech Egypt — will invest some USD 120 mn to launch the planned waste-to-energy (WtE) project in the country’s Abu Rawash city, according to a cabinet statement. The plant […]
Posted inELECTRIC VEHICLES
Turkey’s EV sector is getting a boost thanks to EBRD and Ford
EBRD is helping Turkey to expand EV charging infrastructure: The European Bank for Reconstruction and Development (EBRD) is providing Turkey's main electricity distributor Enerjisa Enerji S.A. with a USD 110 mn loan to support an expansion of the country’s EV charging infrastructure, according to a statement. What’s planned: Enerjisa will update its power distribution network […]