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Dubai Islamic Bank (DIB) has set up a new green financing framework ahead of issuing green and sustainable Shariah-compliant bonds (sukuk), the bank said in a statement on Friday. The bonds will be used to fund projects pertaining to renewable energy, energy efficiency, sustainable transport, green buildings and wastewater management. DIB is the first Islamic […]
Author Archives: enterpriseam admin
Posted inCALENDAR
OCTOBER 24-26 October (Monday-Wednesday): International Exhibition of Renewable Energies Clean Energies and Sustainable Development, Centre Des Conventions Mohammed Ben Ahmed, Oran, Algeria. 29 October (Saturday): Deadline to apply for The International Renewable Energy Agency’s Youth Forum in Abu Dhabi, UAE. 31 October (Monday): Deadline for proposals for Jordan’s USD 2 bn Aqaba-Amman desalination project. Last […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: BP is trying to get cleaner + COP27 gets EV buses + Europe hits renewables record
Good morning, wonderful people — and welcome to another busy news day as we prepare to slide into the weekend across most of MENA. THE BIG CLIMATE STORY- UAE’s Mubadala is jumping on the GCC renewables acquisition spree: The Emirati sovereign wealth fund acquired undisclosed stakes in German offshore wind developer Skyborn Renewables and US […]
Posted inUncategorized
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Posted inM&A WATCH
UAE continues renewables shopping spree, acquiring a stake in offshore wind developer Skyborn Renewables
UAE’s Mubadala goes big on wind energy: Abu Dhabi-based sovereign wealth fund Mubadala Investment Company acquired stakes in German offshore wind developer Skyborn Renewables and US offshore project BluepointWind, state news agency WAM reported yesterday. Neither party put a price tag on the transactions or would say how many Mubadala bought. From the US to […]
Posted inELECTRIC VEHICLES
Qatar just launched the largest electric bus terminal in the world
Qatar inaugurated the world’s largest electric bus depot on Tuesday as it gears up to host the World Cup next month, according to the Qatar News Agency. The 400 sqkm Lusail bus terminal has capacity for nearly 500 buses and is the latest addition to the Transport Ministry’s public bus infrastructure program, which is being […]
Posted inCLIMATE DIPLOMACY
The EU is bringing Morocco into the fold of the European Green Pact
EU signs “first of its kind” green partnership agreement with Morocco: Morocco and the European Union have agreed to establish a “green partnership,” a move that will see the two sides strengthen cooperation on renewable energy and clean technology. The agreement was signed by European Commission deputy head Frans Timmermans and Morocco’s Foreign Minister Nasser […]
Posted inFOUNDER OF THE WEEK
Egypt’s Shift EV: Transforming the EV landscape in emerging markets
My name is Aly El Tayeb (LinkedIn) and I’m the CEO and co-founder of Egypt’s Shift EV. After completing a dual degree at MIT I worked at US-based tech company Corning before joining grid scale storage battery startup Form Energy. I worked there for three years alongside a super star team that included the former […]
Posted inKUDOS
Dewa’s desalination plant makes it to the Guiness World Records
KUDOS- Guinness World Records has confirmed Dubai Electricity and Water Authority’s (DEWA) desalination plant as the largest in the world, the authority said on Sunday. The solar-powered Jebel Ali complex has a production capacity of 2.2 mn cubic meters per day. Upon its completion in 2025, the project will have the capacity to store almost […]
Posted inUncategorized
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