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eVTOLs are drawing some heavy investment from the region. But what are they? Saudi Arabia’s Neom invested USD 175 mn as part of a series E investment in German electric vertical takeoff and landing (eVTOL) vehicle maker Volocopter, the companies announced in a statement earlier this month. The investment sees Neom take a “significant stake” […]
Author Archives: enterpriseam admin
Posted inKUDOS
Dubai solar-powered facility wins another world record
Dubai’s Moro Hub nabs Guinness World Record: UAE’s 16 sqkm solar-powered data center Moro Hub was awarded the award for largest data hub, the organization announced earlier this month. The 100 MW center is owned by Data Hub Integrated Solutions, a subsidiary of Digital Dewa. Lebanese non-profit among UN’s Champions of the Earth: Lebanon’s non-profit […]
Posted inUncategorized
** SHARE ENTERPRISE CLIMATE WITH A FRIEND ** Don't let your friends to miss out on Enterprise Climate. Point them to our subscription page here so they're up to date on the latest green economy news from MENA. Enterprise Climate is available without charge and delivered straight to your inbox Monday-Thursday at 6am UAE / […]
Posted inALSO ON OUR RADAR
Morocco’s OCP want carbon credits through carbon farming
Morocco’s OCP Group is farming carbon in Brazil: Phosphate fertilizer producer OCP Group partnered with Brazil’s Agrorobotica and French InVivo’s agricultural arm Bioline for a carbon farming and certification project in Brazil, the North Africa Post reported this week. OCP will use the carbon credits from this partnership to achieve net zero by 2040. SOUND […]
Posted inON YOUR WAY OUT
Omani inventor wants to rid oceans of microplastic
Meet the first female winner of Stars of Science: Omani scientist, inventor and teacher Somaya Al Siyabi came out on top of this year’s edition of the pan-Arab TV show Stars of Science with her solution for microplastics in oceans — a floating ball that treats microplastics. How does it work? The floating ball contains […]
Posted inCALENDAR
NOVEMBER 23-24 November (Wednesday-Thursday): Global Conference on Sustainable Partnerships, The Ritz-Carlton, Riyadh, Saudi Arabia. Deadline of bid submissions for the Ras Mohaisen – Baha – Makkah Independent Water Transmission Pipeline in Saudi Arabia. 28-30 November (Monday-Wednesday): South Africa Green Hydrogen Summit (SAGHS) 2022, Capetown, South Africa. DECEMBER 6 December (Tuesday): Enterprise Climate X Forum, Cairo, […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Dubai Islamic Bank’s maiden green sukuk issue is nearly 2x oversubscribed + UAE passes a law to regulate renewable energy distribution + A low low-cost tech for zero-emissions hydrogen production?
Good morning, ladies and gents. If you’re still in disbelief at Saudi Arabia’s spectacular 2-1 victory over Lionel Messi’s Argentina, you’re not the only one. The most underdog W in World Cup history was the cherry on top of a great showing by MENA countries, with a shout out Tunisia for giving Denmark a run […]
Posted inUncategorized
** SHARE ENTERPRISE CLIMATE WITH A FRIEND ** Don't let your friends to miss out on Enterprise Climate. Point them to our subscription page here so they're up to date on the latest green economy news from MENA. Enterprise Climate is available without charge and delivered straight to your inbox Monday-Thursday at 6am UAE / […]
Posted inDEBT WATCH
Dubai Islamic Bank’s maiden green sukuk issue was nearly 2x oversubscribed
Dubai Islamic Bank (DIB) sold USD 750 mn of its maiden sustainable Shariah-compliant bonds (sukuk), Reuters reported yesterday, citing a bank document. The five-year notes were sold at 155 basis points (bps) over five-year US treasuries, tightened from initial guidance on the back of high demand. DIB is the first Islamic bank in the UAE […]
Posted inLEGISLATION WATCH
In the UAE, your nearest power plant could be closer than you think
The UAE has ratified a law that could expand the use of renewable energy and make the distribution of electricity in urban areas easier and more efficient. Under the new law, anyone wishing to connect a ‘distributed electricity power plant’ to the grid can do so after obtaining prior approval from regulators, according to an […]