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Indonesia expands trade in Dubai: Indonesia’s state-owned agrochemicals company PT Pupuk Indonesia will open an office in Dubai to expand trading cooperation in ammonia with UAE firms, according to a company statement picked up by Zawya. The country is angling to become a green hydrogen and ammonia producer, and to bolster food security through providing […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
A solar-powered air conditioned jogging track? Qatar has the world’s longest one
Qatar lands Guinness World Record for its jogging trail: Umm Al Seneem Park in Al Rayyan City was recognized as the world’s largest air-conditioned outdoor path, The Peninsula Qatar reports. 60% of the 1.1k meter-long track’s air conditioners are powered by solar panels, enabling the trail to sustain a breezy temperature of 26°C during scorching […]
Posted inCALENDAR
NOVEMBER 31 October-3 November (Monday-Thursday): ADIPEC, Abu Dhabi National Exhibition Centre, Abu Dhabi, UAE. 7-18 November (Monday-Friday): Egypt will host COP27 in Sharm El Sheikh. 15 November (Tuesday): Hawkamah Annual Conference (Building Investor Confidence Through Governance), Dubai, UAE. 23-24 November (Wednesday-Thursday): Global Conference on Sustainable Partnerships, The Ritz-Carlton, Riyadh, Saudi Arabia. Deadline of bid submissions […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: UAE signs USD 100 bn green financing agreement with US + Climate finance will be the star of the COP27 show
Good morning, wonderful people. It’s another relatively busy day for our neck of the woods as COP27 grows inexorably nearer. THE BIG CLIMATE STORY- The UAE is already gearing up for COP28 — which it is set to host next year — with the signing of a USD 100 bn partnership agreement with the US […]
Posted inUncategorized
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Posted inCLIMATE DIPLOMACY
UAE and US agree to pour USD 100 bn into green financing
UAE and US enter USD 100 bn agreement ahead of COP28: The US and the UAE have inked a USD 100 bn agreement the two are dubbing “PACE” (partnership to accelerate transition to clean energy). The pact aims to to boost green financing in both countries, according to a White House statement, and channel investment […]
Posted inENERGY
Egypt could become home to one of the world’s largest wind farms
Tadawul-listed ACWA Power could build one of the world’s largest wind farms in Egypt as the Saudi renewable energy developer looks to build a 10-GW wind farm in Egypt after signing an MoU with Egypt’s New and Renewable Energy Authority (NREA) and the Egyptian Electricity Transmission Company (EETC) yesterday, the Saudi Energy Ministry said in […]
Posted inINVESTMENT WATCH
Egypt could see more green ammonia production, courtesy of Qatar
Qatar eyes USD 1 bn green ammonia plant in Egypt’s SCZone: The Qatar Investment Authority (QIA) is reportedly mulling an investment of over USD 1 bn to establish a new green ammonia plant in Egypt’s Suez Canal Economic Zone (SCZone), the newspaper Al Borsa reports, citing sources it says have knowledge of the matter. In […]
Posted inDEBT WATCH
EBRD finances USD 45 mn worth of wind power in Turkey
Turkey’s Galata Wind is getting a USD 45 mn loan from the European Bank for Reconstruction and Development (EBRD) to finance up to 50 MW worth of expansions in two wind power plant projects in Mersin and Balikesir, according to an EBRD statement. The projects: The onshore wind energy projects that will be expanded are […]
Posted inENERGY
Egypt’s energy hub ambitions take shape + Mubadala Energy to set up regional HQ in Cairo
Egypt pushes its energy hub ambitions in the UAE: Egypt’s Oil Minister Tarek El Molla highlighted moves to turn Egypt into a natural gas import and re-export hub as regional energy ministers met at the Adipec expo in Abu Dhabi, according to a cabinet statement. Egypt is looking to cooperate with the US, the EU, […]