A green growth strategy could more than double the GCC’s projected GDP growth to over USD 13 tn by 2050, according to a World Bank report (pdf). Baseline projections under a “business as usual” scenario would see the region’s GDP growing to USD 6 tn by 2050, compared to c.USD 2 tn penciled in for […]
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UAE’s Adnoc inks LNG decarbonization MoU with India’s Gail
Adnoc, India’s Gail look at joint LNG sales + decarbonization: State-owned Abu Dhabi National Oil Company (Adnoc) and Gail Limited signed an MoU yesterday to cooperate on decarbonizing liquefied natural gas (LNG), including monitoring carbon emissions from LNG cargoes, Adnoc said in a statement. The two companies signed the agreement during Adipec. OTHER STORIES WORTH […]
Making Syria green again
Tress for trees: Syrian ecological initiative Green Tress is planning to plant four mn trees to raise awareness about climate change, Arab News reports. The volunteer group will also host climate awareness workshops and teach villagers how to compost. Facing hurdles: Syria is facing massive environmental challenges including land desertification and a drought threatening the […]
NOVEMBER 31 October-3 November (Monday-Thursday): ADIPEC, Abu Dhabi National Exhibition Centre, Abu Dhabi, UAE. 15 November (Tuesday): Hawkamah Annual Conference (Building Investor Confidence Through Governance), Dubai, UAE. 7-18 November (Monday-Friday): Egypt will host COP27 in Sharm El Sheikh. 23-24 November (Wednesday-Thursday): Global Conference on Sustainable Partnerships, The Ritz-Carlton, Riyadh, Saudi Arabia. Deadline of bid submissions […]
TODAY: UAE’s Empower prices its share ahead of IPO + Egypt lands USD 2 bn to shore up food security + Jordan receives USD 10 mn in green financing for SMEs
Good morning, friends. We have a stacked issue for you this morning, with a little bit of everything from capital markets updates to a slew of financing news. THE BIG CLIMATE STORY- It’s a big day for climate finance in the region: Egypt landed a USD 2 bn loan to shore up its food security, […]
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Egyptian consumers are bullish on EVs, with 1 in 5 looking to buy an EV in the next year
Egypt’s EV industry still has a long way to go — but you folks seem eager for the transition: As Egypt begins to make strides in developing a local electric vehicle industry and the infrastructure to power it, Enterprise readers are excited: 90% of you are planning to buy a EV within the the next […]
UAE’s Empower announces price range for its IPO
The Emirates Central Cooling Systems Corporation(Empower) has priced its initial public offering at AED 1.31-1.33 per share, according to the company’s price range release (pdf). The transaction will see 10% — or some 1 bn ordinary shares — of the company sold on the Dubai Financial Market (DFM). The indicative price range values the company, […]
Egypt lands USD 2 bn loan to shore up food security
Egypt will receive USD 2 bn to boost food security: The UN’s International Fund for Agricultural Development (IFAD) is providing Egypt with a USD 2 bn loan to boost investment in food, energy, and water, Bloombergreports. The funds will be provided to the Egyptian government until 2030. Where is the money going? The funds will […]
Green finance for Jordan’s SMEs, courtesy of the EBRD, EU and GCF
Jordan’s SMEs in line for USD 10 mn in EBRD-led climate financing: The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are providing a USD 10 mn loan to Jordan’s Cairo Amman Bank (CAB) to on-lend to SMEs working on climate change adaptation and mitigation tech and services, according to […]