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Good morning, friends. We’re really looking forward to seeing many of you in a couple of hours’ time at our inaugural Enterprise Climate X Forum, which gets underway this morning at 8am at the Grand Egyptian Museum. Please join us in thanking the wonderful people who made all this possible: USAID, HSBC, Mashreq, Attijariwafa Bank, […]
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Posted inUncategorized
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Posted inGREEN FINANCE
Majid Al Futtaim is going for another sustainable loan
UAE-based retail giant Majid Al Futtaim (MAF) has raised a USD 1.25 bn sustainability-linked loan (SLL), the company said yesterday. This is the company’s second second SLL and will be linked to sustainability performance targets set by the company through a revolving credit facility. Advisors: First Abu Dhabi Bank led the transaction and acted as […]
Posted inWASTE-TO-ENERGY
When it comes to waste-to-energy in MENA, Sharjah continues to lead the pack
International consortium to operate UAE waste-to-energy plant: A joint venture between Emirati waste management company Bee’ah, UAE renewable energy company Masdar, and French resource management firm Veolia Middle East will operate and maintain the Sharjah waste-to-energy (WtE) plant for 25 years, according to a statement. About the plant: The WtE facility is currently owned by […]
Posted inMOVES
Mubadala Investment CEO appointed head of Adnoc’s new low-carbon division
Adnoc appoints CEO of Mubadala’s UAE investments platform to lead new, low-carbon vertical: Abu Dhabi state oil company Adnoc has appointed the CEO of Mubadala’s UAE investments arm, Musabbeh Al Kaabi (LinkedIn), to head up a new division focused on low-carbon solutions and international growth, starting mid-January 2023, the Abu Dhabi wealth fund said in […]
Posted inUncategorized
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Posted inTHE GREENTECH CORNER
Can algae ponds capture and sequester CO2 emissions?
Capturing carbon with algae: London-based startup Brilliant Planet is aiming to build giant algae ponds in Morocco’s desert to capture and sequester tons of carbon dioxide, Bloomberg reports. The process — which could potentially remove 3 bn metric tons of carbon annually — has drawn interest from investors who would have shunned the project a […]
Posted inALSO ON OUR RADAR
Egypt and Oman are eyeing more green ammonia projects
Green hydrogen and ammonia projects in Egypt are on their way to acquiring golden licenses after a government committee gave its approval, according to a cabinet statement issued on Sunday. The license enables new industrial and infrastructure projects to set up projects more easily. Final approval will come from Egypt’s Cabinet in an upcoming meeting. […]
Posted inCALENDAR
DECEMBER 6 December (Tuesday): Enterprise Climate X Forum, Cairo, Egypt. 6-8 December (Tuesday-Thursday): World Circular Economy Forum WCEF2022, Kigali, Rwanda. 7 December (Wednesday): The Big 5 Global Construction Impact Summit, Dubai World Trade Center, Dubai, UAE. 7-19 December (Wednesday-Monday): TheUN’s 15th meeting of the Conference of the Parties to the Convention on Biological Diversity (COP15), […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Enterprise Climate X Forum kicks off tomorrow + IFC and IMF diving deeper into renewables
Good morning, wonderful people. We’re looking forward to meeting many of you tomorrow at 8am at the Grand Egyptian Museum for our inaugural Enterprise Climate X Forum. If you’re attending: Please plan to arrive on time for our 8am standing networking breakfast. Traffic in the area surrounding the GEM has been heavy of late, so […]