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Saudi Arabia’s SIRC acquires 60% of plastic recycling company Masab
SIRC becomes a majority shareholder in Masab: The Saudi Investment Recycling Company (SIRC) — a wholly owned subsidiary of KSA’s…
Masdar acquires a stake in Indonesian geothermal firm Pertamina
Masdar makes an entry into geothermal energy: Emirati renewables giant Masdar has acquired shares in the geothermal unit of Indonesia’s…
Brazil’s Vale buys back its 30% stake in Vale Oman from OQ
Brazil’s Vale reacquires its shares in Vale Oman: Brazilian mining group Vale repurchased its 30% stake in Vale Oman from…
UAE’s Taqa has green bonds in its sights
UAE state-owned Abu Dhabi National Energy Company (Taqa) plans to issue “several USD hundred mn” of green bonds in 2023…
Wind energy giants racking up losses — even as the business grows
Wind giants GE, Vestas and Siemens Gamesa racked up losses last year on the back of rising maintenance costs, Renew…
PIF now owns 30% of Saudi Tabreed
KSA’s sovereign wealth fund, the Public Investment Fund (PIF), has closed the acquisition of a 30% stake in Saudi Tabreed…
US firm Gradiant acquires UAE wastewater treatment firm Advanced Watertek
US-based wastewater treatment company Gradiant has acquired Dubai-based water treatment firm Advanced Watertek, according to a statement picked up by…
TODAY: Saudi Arabia’s PIF raises USD 5.5 bn in green bond issuance + Brazil and the US talk climate action
Good morning, wonderful people. We’re back from the weekend with a packed issue full of regional updates in green finance,…
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