Aramco funnels USD 100 mn towards KAUST research and development for 10 years

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WHAT WE’RE TRACKING TODAY

TODAY: A boost for KAUST’s clean tech R&D + Warba lists green sukuk on Nasdaq Dubai

Good morning, folks. It’s a calmer morning on the regional climate front, with a good news update from Saudi Arabia clean tech research and development sector and movement on Kuwait’s Warba Bank recent green sukuk issuance.

THE BIG CLIMATE STORY OUTSIDE THE REGION- There’s no single story shaping the conversation this morning, but the revision of Danish wind turbine developer Vestas earnings outlook grabbed some ink. The company has revised its full-year income margin and revenue outlook after seeing losses in 2Q citing sustained inflation, increased repairs, upgrades, and operational inefficiencies as reasons for a one-off EUR 300 mn hit to its service business. Vestas now expects a full-year operating income margin of 4-5%, down from the previous 4-6%, and has narrowed its revenue outlook to EUR 16.5-17.5 bn. The announcement led to a 5% drop in Vestas’ shares. Despite the challenges, Vestas reported an improvement in its core wind turbine sales, with an earnings margin increase of nearly 8% in 2Q y-o-y. Reuters and Bloomberg picked up the story.

WATCH THIS SPACE-

Ewec opens registration for 3Q Clean Energy Certificates: Emirates Water and Electricity Company (Ewec) has opened registration for its 3Q 2024 auction of Clean Energy Certificates (CECs) in Abu Dhabi, according to a statement. CECs enable companies to reduce Scope 2 emissions. The auction will close on 13 September.

Introducing wind: For the first time, wind energy CECs will be part of the auction. This follows Ewec’s power purchase agreement with Masdar in 4Q 2023.

REFRESHER- CECs prove renewable energy production: In line with the International REC Standard, CECs are tradable clean energy tracking digital certificates representing 1 MWh of clean energy delivered to the electricity grid from a renewable energy source. Unlike carbon credits that reduce greenhouse gas emissions, RECs offset non-renewable electricity use. In Abu Dhabi, CECs serve as the sole mechanism to ensure the use of clean energy.

Egypt’s CI Capital can trade in carbon emissions reduction certificates in the voluntary carbon market after it got the greenlight from the Financial Regulatory Authority, according to an EGX bulletin.

The first of many: EGX already approved asset management firm Beltone Financial’s request to trade in carbon emission reduction certificates in July. Officials from seven companies have expressed their intention to apply for the FRA’s approval to trade in carbon emissions reduction certificates and futures contracts in the voluntary carbon market, including Mubasher Financial Services, Arab African International Securities, Bank Audi’s Arabeya Online brokerage, Pioneers Brokerage, and Cairo Financial Holding’s brokerage arm Cairo Capital Securities.

ICYMI- Egypt’s VCM is making strides: The FRA issued the registration and delisting rules for companies looking to sell certified carbon credits on the EGX back in March.

The JordanStandards and Metrology Organization (JSMO) has set the accreditation conditions for used EV inspection centers, Al Mamlaka reports. These standards — which were developed after consultations with relevant stakeholders such the Chamber of Commerce and the Free Zone Investors Commission — aim to ensure that centers are properly licensed, equipped, and staffed to assess the condition of used EVs, in efforts to guarantee their reliability before they are imported.

What we know: Centers will have to prove that they have the experts, technicians, equipment, and technology needed to conduct the inspections, the news outlet noted. The organization will also have to be established in accordance with Jordanian legislation — including obtaining the necessary licenses — and will need to hire an examination service as a third party to ensure neutrality in all examination services.

REMEMBER- Jordan led the region in EV sales: Jordan saw the highest share of electric vehicle sales in the Middle East in 2023 at over 45%. The country’s EV industry is supported by lower import duties than those imposed on cars with fuel engines. The UAE came in at a distant second at 13%.

WORTH READING-

Climate risk models face scrutiny as discrepancies emerge: While technology has advanced our ability to calculate climate risks, varying and inconsistent predictions are emerging as the service becomes more abundant, Bloomberg reports. Many climate hazard prediction startups are receiving venture capital support with increasing uptake by risk assessors — like Zurich Insurance and Moody’s — to inform decisions, but due to a lack of verification, some of these risk assessments might be inaccurate. This could potentially harm communities, particularly those of lower income. Experts are now calling for more transparency and stricter verification measures as they question whether private or public companies should take the lead.

THE ENTERPRISE FINANCE FORUM-

Are you planning to be in Egypt on 24 September? You may be interested in attending our 2024 Enterprise Finance Forum. Seating is strictly limited at our flagship, invitation-only forum for C-suite executives and other senior leaders.

Why attend? We’re in the early days of a generational realignment of power in our industry — in our region and beyond — and on the cusp of the biggest intergenerational transfer of wealth the world has ever seen. With that as the backdrop, we’re going to take stock of where we stand six months after the float of the EGP and ask what’s next for finance in Egypt and the wider region. Among the questions we’ll be asking:

What roles will Egypt, Saudi and the UAE play in the regional industry going forward?
What are foreign investors looking for right now?
Is real estate the only asset class in Egypt?
What does the next generation of leaders think as they take over established family businesses?

Do you want to request an invitation? Tap or click the image below.

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CIRCLE YOUR CALENDAR-

The UAE will host the World ESG Summit from Tuesday, 20 August to Wednesday, 21 August in Dubai. The summit will gather experts and industry leaders to explore new ways to integrate Environmental, Social, and Governance (ESG) principles into business practices.

Turkey will host the International Conference on Clean and Green Energy Engineering from Saturday, 24 August to Monday, 26 August in Izmir. The event will gather researchers and professionals to share advances in clean energy. It will also offer a platform to discuss the latest research, practices, and applications in clean and green energy engineering.

The UAE will host the World Utilities Congress from Monday, 16 September to Wednesday, 18 September in Abu Dhabi. The event will gather global energy leaders, policymakers, innovators, and industry professionals from the power and water utilities value chain to discuss industry trends and challenges.

Saudi Arabia will host the EV Auto Show from Tuesday, 17 September to Thursday, 19 September in Riyadh. The show offers a platform for participants to learn about the latest EV technologies and services.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

Aramco funnels USD 100 mn towards KAUST research and development for 10 years

KAUST R&D gets a boost from Aramco: Saudi oil giant Aramco plans to provide King Abdullah University of Science and Technology (KAUST) with USD 100 mn to support environmental and commercial research and development projects over the next 10 years, according to a press release.

The details: The money will go into researching low-carbon aviation fuels, hydrogen, carbon capture and storage, renewables, and energy storage, “with an emphasis on developing commercially-viable outcomes,” the statement added.

KAUST is working on a lot of green projects: The university partnered with Materials science company Partanna Global last month to enhance the CO2 removal capabilities of Partanna's concrete products in a 12-month R&D project. The university also tapped Hassan Allam Construction Saudi to build the world’s largest coral reef restoration project in Neom, dubbed the Kaust Coral Restoration Initiative. In January, KAUST researchers developed a novel passive cooling technique that uses a superabsorbent polymer film to lower temperatures without the use of any electricity.

Aramco’s green goals: Aramco is looking to expand its energy portfolio and “grow its lower-carbon hydrogen business,” including through carbon capture and storage and hydrogen, and aims to reduce its Scope 1 and 2 emissions by 15% by 2035 — to offset 52 mn metric tons of CO2 — and reach net zero emissions by 2050.

Aramco has sealed several other green agreements: Aramco’s recent efforts to achieve their emissions reduction goals include acquiring 50% of Air Products Qudra’s blue hydrogen unit last month, and signing an agreement with Joby Aviation to deploy eVTOLS in Saudi Arabia. Aramco is also part of a consortium that is building three new solar photovoltaic projects in Saudi Arabia to produce 5.5 GW of green electricity.

Kuwait’s Warba Bank lists USD 500 mn green sukuk issuance on Nasdaq Dubai

Kuwait’s Warba Bank listed its USD 500 mn green sukuk on Nasdaq Dubai yesterday, the fourth listing under their USD 2 bn trust certificate issuance programme, according to the Dubai Media Office.

Background: The five-year issuance — which kicked off in July — was 3.6x oversubscribed, drawing in USD 1.8 bn in orders. This is the bank’s third sukuk listing on Nasdaq Dubai, with a total of USD 1.25 bn listed.

More to come from Kuwait? The National Bank of Kuwait (NBK) was prepping a 6-year green bond issuance in May. NBK is planning to follow the green bond issuance with another USD-denominated senior unsecured Green Notes under NBK’s Global Medium Term Note Programme (pdf) launched last year with the aim of issuing USD 5 bn worth of notes denominated in any currency.

The listing brings Nasdaq Dubai’s total outstanding value of debt to USD 134 bn, and its ESG listings to USD 30 bn. ESG Sukuk currently accounts for USD 18 bn, according to the statement.

Coffee with Sanjay Borkar, FarmERP Co-founder and CEO

Coffee with Sanjay Borkar, FarmERP co-founder and CEO: Borkar (LinkedIn) is the founder and CEO of the digital agriculture platform FarmERP, a farm management software designed to help farmers and agribusinesses streamline their operations.

The company offers tools for planning, monitoring, and managing farm activities, including crop planning, field mapping, and resource allocation. It also helps manage the entire supply chain to ensure traceability and provide data-driven analytics that can help farmers make informed decisions.

FarmERP recently expanded into KSA partnering with Saudi Arabian green tech company Seiyaj Tech to provide agribusiness solutions in the country, according to a press release (pdf). The goal of the partnership is to expand FarmERP’s presence in Saudi Arabia while using Seiyaj’s network to help address challenges — such as extreme weather and water scarcity — that impact the agriculture sector.

We sat down with Borkar to discuss the origins of the platform, how it can improve climate resilience across supply chains, and future expansion plans.

Edited excerpts of our conversation follow:

Enterprise: What was behind your decision to launch FarmERP?

Sanjay Borkar: My colleague Santos and I come from agricultural families. Once we completed our degree in agri-computer engineering, we got the idea to introduce technology that would help solve issues faced by agribusiness and farming sectors. When we first started, agriculture and IT were two poles apart, so it was very tough for us to prototype our product, test it, get feedback, improve, refine it, and repeat. We continued because we were passionate about solving problems for the farming industry.

E: What made you shift the businesses’ focus to sustainability and climate resilience?

SB: There are a lot of extreme climatic events around the world impacting agriculture and food production, causing USD bns of losses for the industry — an impact most felt by farmers working on a smaller scale. Food security is also currently under threat because of climatic changes, while the demand for food continues to increase.

Agriculture around the globe uses a lot of chemicals, fertilizers, and fuel so it’s a sector that emits a lot of carbon, but at the same time farming can actually help store carbon underground. Through our business we aim to use technology — as well as methods of regenerative agriculture that endorses the circular economy and farm circularity — to balance the emitted and sequestered carbon and achieve carbon neutrality.

E: Can you give a few examples of how your software can improve climate resilience across supply chains?

SB: FarmERP is crop agnostic, so it supports open farming for field crops, greenhouse farming for vegetables, hydroponics or aeroponics, and glass houses. We use AI, machine learning, and computer vision-based solutions to offer climate-smart advisory for farmers. Our tech gives advice based on crop water requirements including how to optimize water and nutrition use based on weather forecasts and includes waste management features that can help analyze how much waste is generated and how it can be reduced. The system can also be integrated with automated irrigation systems.

The tech also offers disease and pest alert and detection services allowing farmers to apply preventative measures that saves their crop. The system can also be integrated with automated irrigation systems.

E:Are there any new products or services that the company is looking to offer anytime soon?

SB: Yes. We are developing what we call an “intelligent product” which uses satellite imagery to help calculate crop health, yield forecast, and water requirements. Clients will have the option to use this service separately or integrated within the FarmERP platform. The second product we are working on involves crop scouting.

E: What role does AI play in your software design?

SB: The intelligent algorithms we built help the users get their data faster and more accurately than conventional methods. A lot of data is being generated at the farm level; you have data coming from sensors, data recorded from automated irrigation systems, and data from machinery, labor control systems or biometric devices. The collected information is processed using AI to generate insights that help the business boost its income and productivity.

E: What led you to expand into the Middle East and North Africa?

SB: The Middle East as a market is close to India, and we have immense experience working there, including in Egypt and Sudan. It’s a region with scarce water supplies, the soil is limited, the crops are limited, the weather is very harsh, and the farmers face a lot of challenges. We are also working in Africa where we have partnered with some local stakeholders.

Almost 50% of our revenue currently comes from the Middle East and we are aiming to increase that share. We work with both the private sector and the government so we are both B2B and B2G.

E:Your firm announced that it aims to expand its clientele 200% y-o-y, how does it plan to achieve that and what role will MENA play in this growth?

SB: In the UAE, we are looking to expand by almost 100% y-o-y since we have excellent know-how there, including understanding the requirements for digital transformation.

The challenges we faced there included a reliance on standard ERP systems for agriculture management, which are simpler compared to FarmERP’s products. There’s also a shortage in labor and equipment used in agriculture which farmers are forced to import from abroad at a higher cost.

E: On the financing side, how is FarmERP funded?

SB: We had one funding round in 2019 where we collected USD 1.5 mn. The other rounds were small so we considered them as basic cashflow requirements rather than funding rounds. We are looking to raise funds in 1Q 2025 to expand in the MENA region.

E:Where do you see the digital agriculture sector progressing over the next decade or so globally?

SB: Digital agriculture is a sunrise industry that has just begun. In the next 10 years, a lot of turnaround in technology and increased finance is expected. As the climate gets harsher and more unpredictable, more tech and AI will be required to solve the basic problems in agriculture. FarmERP and Farm Gyan — a new company under development that aims to have an AI-based offering — want to play a big role in this trend, which is expected to peak in the next five years.

VinFast partners with Al Mana Holding for exclusive EV dealership in Qatar

Vinfast to enter Qatari market with EV models: Vietnamese EV maker VinFast has signed an exclusive dealership agreement with Qatari conglomerate Al Mana Holding to distribute its vehicles across Qatar, according to a press release.

The first showroom is set to open in Doha in 3Q 2024, offering four VinFast e-SUV models — VF 6, VF 7, VF 8, and VF 9 — once they become available. Each model has two versions, called Eco and Plus. All models come with over-the-air updates and advanced driving assistance.

The VF 6 is a compact 5 passenger eSUV with 399 km of WLTP estimated range. It has a battery capacity of 59.6 kWh, a maximum power of 174 horsepower (hp), and 309 newton meters (N.m) of torque. Its futuristic design features a signature front and rear light bar with LED effects and sleek body panels. It is likely to cost QAR 174.72k (USD 48k).

The VF 7 is a sporty 5-passenger eSUV featuring a 450 km WLTP estimated range and an avant garde design. It has a battery capacity of 75.3 kWh, a maximum power of 201 hp, and 499 N.m of torque. Its expected price tag is QAR 260.806k (USD 71.65k).

The VF 8 is a 2-row, 5-passenger eSUV featuring a 424 km EPA range per full charge. It has a battery capacity of 87.7 kWh, a maximum power of 349 hp, and can charge from 10% to 70% of its battery in 31 minutes. The car also comes equipped with dual motors and has an Italian-inspired Pininfarina design. It is expected to cost QAR 218.4k (USD 60k).

The VF 9 is a 3-row, 7-passenger eSUV featuring a 531 km EPA range per full charge. It has a battery capacity of 123 kWh, a maximum power of 402 hp, and can charge from 10% to 70% of its battery in 35 minutes. It has an aerodynamic design suited for performance efficiency and dual motors. It is predicted to cost QAR 345.8k (USD 95k).

Green finance and sustainability updates from Qatar and Egypt

GREEN FINANCE-

QNB becomes first Qatari bank to join PCAF: QNB Group has become the first bank in Qatar to join the Partnership for Carbon Accounting Financials (PCAF), Gulf Times reports. The PCAF will help QNB measure and disclose the greenhouse gas (GHG) emissions associated with its lending and investment portfolios in efforts to boost transparency and accountability for its environmental impact.

Kuwait’s NBK was the last MENA member to join: The National Bank of Kuwait (NBK) joined PCAF back in May, becoming the first bank in Kuwait and one of six in the MENA region to do so at the time.

About PCAF: Founded in 2015 by fourteen Dutch financial institutions led by ASN Bank, PCAF is a global collaboration of financial institutions focused on developing and implementing a standardized approach to assess and disclose GHG emissions from their loans and investments, according to their website. This accounting method helps institutions set science-based targets and align their portfolios with the Paris Climate Agreement. PCAF has also created an open-source GHG accounting standard for the financial industry.

SUSTAINABILITY-

Egypt + WEF to prepare renewables guidebook: Egypt is preparing a comprehensive digital guidebook for renewable energy solutions and practices, according to a statement. The discussion on the guidebook came during a meeting of the World Economic Forum’s (WEF) Network to Mobilize Investment for Clean Energy in the Global South attended by Egypt’s Minister of Planning, Economic Development, and International Cooperation. The guide will be reviewed at the October Energy Ministers’ meeting in Brazil.

About the network: Launched in January 2024, the WEF’s network — made up of government representatives, international institutions and development partners — aims to increase green investment sevenfold over the next decade. Specific targets include quantifying the investment needed, exchanging knowledge on green finance, and crafting policy to accelerate energy transition financing. The network will use the Sharm El Sheikh Guidebook for Just Financing —published in COP27 — as a foundation.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

Phase 1 of Oman’s Green Belt Project close to completion: 90% of the first phase of the Oman Green Belt Project — which aims to plant 45k trees in Dhofar by the end of the year — is now complete. The reforestation efforts — which come as part of a greater plan to plant 10 mn wild trees in the country — target areas already affected by desertification and low vegetation with plans to expand to new sites in future phases. (Muscat Daily)
Riyadh Air launches electric fleet for employees: Riyadh Air has partnered with National Transportation Solutions Company to launch a fleet of electric buses for employee transport across Riyadh. (Press Release)
Global Chemical Systems to build solar plant in Salalah: Omani firm Global Chemical Systems and Maintenance signed an agreement with Philex Pharmaceutical Industries to establish a 1.3 MW PV solar power plant in Oman’s Salalah Free Zone. The plant is expected to be operational next year. (Oman Daily Observer)

Nearly 40% of clean tech projects under Biden’s IRA face delays

US clean tech subsidies aren’t as beneficial as expected: About 40% of the largest US clean tech manufacturing projects supported by the Inflation Reduction Act (IRA) and Chips Act have been delayed or paused due to deteriorating market conditions, slowing demand, and policy uncertainties, according to an investigation by the Financial Times.

A staggering problem: While the acts intend to boost US cleantech and semiconductor supply chains by extending over USD 400 bn in tax credits, loans, and grants, USD 84 bn worth of projects have faced delays ranging from months to years, with companies citing rising costs, supply chain issues, and the complex funding process as barriers to progress.

What projects are included? Among the delayed projects are Italian firm Enel’s USD 1 bn solar panel factory in Oklahoma, South Korean battery manufacturer LG Energy Solution’s USD 2.3 bn battery storage facility in Arizona, and US minerals manufacturer Albemarle’s USD 1.3 bn lithium refinery in South Carolina, FT writes.

Citizens are losing confidence in Biden’s policies: The delays raise concerns about the effectiveness of the current administration’s industrial policies in revitalizing US manufacturing, the newspaper reports. Despite the setbacks, the administration maintains that significant progress has been made in boosting construction and manufacturing in cleantech across the country.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

BHP, Rio Tinto, and Qantas invest in Australian carbon credits fund: Australian mining company BHP, the UK’s Rio Tinto, and Australia’s airline Qantas will invest AUD 80 mn (USD 52.7 mn) into an Australian carbon credits fund managed by Silva Capital. This comes in efforts to support land reforestation projects and generate Australian Carbon Credit Units for emissions reduction. The fund’s end goal is to raise AUD 250 mn. (Reuters)
TotalEnergies supplies its first 100% biofuel cargo for ships in Singapore: French oil major TotalEnergies’s subsidiary TotalEnergies Marine Fuels has delivered its first 100% pure (B100) biofuel cargo to Singapore. The company used the MAPLE — a chemical bunker tanker owned by Global Energy Group — to transfer 700 metric tons of biofuel made from 100% Used Cooking Oil Methyl Ester to Korean logistics company Hyundai Glovis. (Statement)

Researchers working to use coffee for water purification

Omani researchers have figured out a way to convert coffee waste into activated carbon — a material that can be used to sustainably purify water, according to Oman News Agency. The team was chosen by Oman’s Ministry of Higher Education, Scientific Research and Innovation as one of the winners of its Upgrade program — which transforms graduation projects into startups. The project aims to reduce organic waste and purify water at low costs in an environmentally friendly way, head of the project implementation team Manar bint Saeed Al Attar said.

How does it work? The team plans to collect coffee waste from local shops and cafes to then dry for 24 hours at a 100°C before converting it to carbon through physical and chemical activation, including the use of a thermal reactor.

Why use activated carbon for purification? Activated carbon is highly porous as pollutants are attracted to its surface where they stick as a result of physical forces and chemical reactions at play. The material can then absorb organic compounds, chlorine, odors and some heavy metals from water to purify it as well as be recycled for other uses.

Coffee waste is a promising resource: Coffee waste amounts to 60 mn tons annually worldwide. The waste can be upcycled into “ virtually anything ” including bioplastics, coffee oil and D-mannose sugar, but most notably has the potential to be used as biofuel, according to a study.

What’s next? The team is working on researching how to increase production, develop new products from activated carbon, and applying the technology to other types of organic waste that contain carbon, Oman News Agency wrote.

Not the first researchers to explore coffee waste recycling: Egyptian startup Cupmena can turn spent coffee grounds and turn it into mushroom “superfood.” In the UAE, a team of researchers were able to recycle coffee waste into biofuels including biodiesel, biogas, bioethanol, bio-oil and pellet fuel, Al Arabiya reported. A team from University College London also founded their own startup to turn coffee grounds into biofuels.

CALENDAR

AUGUST 2024

12-16 August (Monday-Friday): Mastering Renewable & Alternative Energies, Dubai, UAE.

20-21 August (Tuesday-Wednesday): The World ESG Summit, Dubai, UAE.

24-26 August (Saturday-Monday): International Conference on Clean and Green Energy Engineering, Izmir, Turkey.

24-26 August (Saturday-Monday): International Summit on Non-Renewable and Renewable Energy, Valencia, Spain.

SEPTEMBER 2024

16-18 September (Monday-Wednesday): World Utilities Congress, Abu Dhabi, UAE.

17-19 September (Tuesday-Thursday): EV Auto Show, Riyadh, Saudi Arabia.

23-25 September (Monday-Wednesday): Powerlec Bahrain 2024, Manama, Bahrain.

25-26 September (Wednesday-Thursday): Green Steel Summit, Dubai, UAE.

OCTOBER 2024

1-3 October (Tuesday-Thursday): Water, Energy and Environment Technology Exhibition, Dubai, UAE.

1-3 October (Tuesday-Thursday): Cairo Sustainable Energy Week, Cairo, Egypt.

2-3 October (Wednesday-Thursday): World Green Economy Summit, Dubai, UAE.

10-12 October (Thursday-Saturday): The IEEE International Conference on Artificial Intelligence & Green Energy, Yasmine Hammamet, Tunisia.

13-17 October (Sunday-Thursday): Cairo Water Week, Cairo, Egypt.

15-17 October (Tuesday-Thursday): EV Auto Show, Riyadh, Saudi Arabia.

15-16 October (Tuesday-Wednesday): Solar & Storage Live KSA, Riyadh, Saudi Arabia.

NOVEMBER 2024

4-8 November (Monday-Friday): World Urban Forum, Cairo, Egypt.

4-8 November (Monday-Friday): AfricanEnergy Week, Cape Town, South Africa.

6-7 November (Wednesday-Thursday): Renewable Energy Forum Africa, Tunis, Tunisia.

6-7 November (Wednesday-Thursday): Critical Mineral Africa Summit, Cape Town, South Africa.

11-22 November (Monday-Friday) United Nations Climate Change Conference or Conference of the Parties (COP29), Baku, Azerbaijan.

11-14 November (Monday-Thursday): Abu Dhabi International Petroleum Exhibition & Conference, Abu Dhabi, UAE.

18-19 November (Monday-Tuesday): G20 Summit, Rio de Janeiro, Brazil.

19-22 November (Tuesday-Friday) Aquaculture Africa 2024, Hammamet, Tunisia.

26- 27 November: (Tuesday - Wednesday): World Food Security Summit, Abu Dhabi, UAE.

26-28 November (Tuesday-Thursday): Future Power Expo, Riyadh, Saudi Arabia.

26-28 November (Tuesday-Thursday): Egypt Energy Show, Cairo, Egypt.

27-28 November (Wednesday-Thursday): RAK Energy Summit, Ras Al Khaimah, UAE.

DECEMBER 2024

2-13 December (Monday-Friday): Conference of the Parties (COP16) to the United Nation Convention to Combat Desertification, Riyadh, Saudi Arabia.

3-4 December (Tuesday-Wednesday): MSGBC Oil, Gas & Power 2024 conference, Dakar, Senegal.

JANUARY 2025

12-15 January (Sunday-Wednesday): World Renewable Energy Congress, Manama, Bahrain.

14-16 January (Tuesday-Thursday): World Energy Summit, Abu Dhabi, UAE.

28-29 January (Tuesday-Wednesday): Sustainability Forum Middle East, Riyadh, Saudi Arabia.

FEBRUARY 2025

23-25 February (Sunday- Tuesday): Global Water Energy and Climate Change Congress, Manama, Bahrain.

24-26 February (Monday-Wednesday): Connecting Hydrogen MENA, Dubai, UAE.

24-27 February (Monday-Thursday): Oman Climate Week, Muscat, Oman.

EVENTS WITH NO SET DATE

2024

End-2024: Emirati Masdar’s 500 MW wind farm in Uzbekistan to begin commercial operations.

QatarEnergy’s industrial cities solar power project will start electricity production.

November: Arab Forum for Renewable Energy and Energy Efficiency, Amman, Jordan.

2025

International Union for Conservation of Nature World Conservation Congress, Abu Dhabi, UAE.

UAE to have over 1k EV charging stations installed.

Middle East Electric Vehicle Show, Sharjah, UAE.

2026

26-29 October (Monday-Thursday): World Energy Congress, Riyadh, Saudi Arabia.

UITP Global Public Transport Summit, Dubai, UAE.

Annual Meetings of the World Bank and the International Monetary Fund, Bangkok, Thailand.

1Q 2026: QatarEnergy’s USD 1 bn blue ammonia plant to be completed.

End-2026: HSBC Bahrain to eliminate single-use PVC plastic cards.

2027

MENA’s district cooling market is expected to reach USD 15 bn.

World Water Forum, Riyadh, Saudi Arabia.

2030

UAE’s Abu Dhabi Commercial Bank (ADCB) wants to provide AED 35 bn in green financing.

UAE targets 14 GW in clean energy capacity.

Tunisia targets 30% of renewables in its energy mix.

Qatar wants to generate USD 17 bn from its circular economy, creating 9k-19k jobs.

Morocco’s Xlinks solar and wind energy project to generate 10.5 GW of energy.

2035

Qatar to capture up to 11 mn tons of CO2 annually.

2045

Qatar’s Public Works Authority’s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm/d capacity.

2050

Tunisia’s carbon neutrality target.

2060

Nigeria aims to achieve its net-zero emissions target.

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Aramco funnels USD 100 mn towards KAUST research and development for 10 years

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TODAY: A boost for KAUST’s clean tech R&D + Warba lists green sukuk on Nasdaq Dubai

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Aramco funnels USD 100 mn towards KAUST research and development for 10 years

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Kuwait’s Warba Bank lists USD 500 mn green sukuk issuance on Nasdaq Dubai

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Coffee with Sanjay Borkar, FarmERP Co-founder and CEO

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VinFast partners with Al Mana Holding for exclusive EV dealership in Qatar

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Green finance and sustainability updates from Qatar and Egypt

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Nearly 40% of clean tech projects under Biden’s IRA face delays

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Researchers working to use coffee for water purification

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