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Bill Gates thinks MENA can be a hub for nuclear: Bill Gates emphasized the impact MENA nuclear power projects — such as the Barakah nuclear energy plant in the UAE — have in helping accelerate the transition to low-carbon energy sources, the National reports the Microsoft founder as having said at an event last Thursday. […]
Author Archives: enterpriseam admin
Posted inINVESTMENT WATCH
Ryse Energy and Yeo sign JV in the UK
UAE’s Ryse Energy to provide the UK with renewable energy storage solutions: UAE-based Ryse Energy and YEO signed a joint venture agreement to provide renewable energy battery storage solutions in the UK for wind, solar and micro-hydro projects, according to a statement published Friday. The companies did not disclose the financial details of the agreement. […]
Posted inUncategorized
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Posted inALSO ON OUR RADAR
KSA renewables company eyes South Africa
A Saudi renewables company is in talks with South Africa to invest in the renewable energy sector, South Africa’s Trade, Industry and Competition Minister Ebrahim Patel told South Africa’s broadcasting agency SABC News ahead of the South Africa-Saudi Arabia Joint Economic Commission in Pretoria last week (watch, runtime: 8:35). South Africa is looking to attract […]
Posted inCALENDAR
OCTOBER 12 October: (Wednesday):Middle East Facility Management Association Seminar on sustainable development, Hilton Riyadh Hotel, Riyadh, Saudi Arabia. 16-21 October (Sunday-Friday): Arab Conference of Plant Protection, Le Royal Hotel, Hammamet, Tunisia. 24-26 October (Monday-Wednesday): International Exhibition of Renewable Energies Clean Energies and Sustainable Development, Centre Des Conventions Mohammed Ben Ahmed, Oran, Algeria. 31 October (Monday): […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: KSA’ debut green bond sale was a success + UAE launches its EV assembly line. ALSO- Climate-focused ins. makes waves + Take our EVs survey
Good morning, wonderful people. And to our readers in Egypt, who are celebrating Armed Forces Day, we hope you have a relaxing three-day weekend. Elsewhere, it’s been a day of firsts. THE BIG CLIMATE STORY- Saudi Arabia raised USD 3 bn in its inaugural green bond issue yesterday. The long-awaited three-tranche issue drew in orders […]
Posted inUncategorized
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Posted inDEBT WATCH
KSA first bond sale was nearly 6x oversubscribed
KSA’s debut green bond sale raised USD 3 bn: Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), sold USD 3 bn in green bonds yesterday, according to Bloomberg. The three-tranche sale — KSA’s first green bond offering — drew in orders of around USD 17.9 bn during the day, according to Reuters. A […]
Posted inELECTRIC VEHICLES
…Made in the UAE
The first EV assembly facility in the UAE was inaugurated in Dubai yesterday, according to a statementfrom Dubai Industrial City. The AED 1.5 bn Al Damani Auto EV plant can currently assemble 10k cars annually but it plans to raise the production capacity to 55k cars per annum over the coming few years. The factory […]
Posted inRENEWABLES
Another notch on Oman’s green economy belt
Oman is laying the groundwork for an ambitious energy program: Some 50 sq km of land in the central and southern regions of Oman have been allotted to the development of solar, wind and green hydrogen projects, the Oman Observer reported last week. Oman “has an abundance of land available that is ideal for these […]