KSA’s Miahona closes retail portion of IPO on Tadawul’s main market

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WHAT WE’RE TRACKING TODAY

TODAY: Miahona’s IPO is on a roll + IHC is heating up mining sector acquisitions

Good morning, friends. The news cycle is slowing down a bit in a mid-week slump, but we have some interesting features this morning from flood proofing your house to how b’naires intend to hold on to their private jet access.

WATCH THIS SPACE-

#1- We have more details on Egypt’s latest EV venture with China: GV Investments’ automotive arm GV Auto will start locally manufacturing Chinese state-owned auto manufacturer Faw Group’s cheapest EV model in 1Q 2025, GV Investments chairman Sherif Hamouda told Bloomberg. The manufacturing facilities — which will be scaled up over the next three to five years — will require up to USD 20 mn in investment, Hamouda said, adding that the EVs will be exported to the Middle East, Africa, Europe and Latin America.

About the Bestune E05: The Bestun E05 is one of the lowest priced EVs in the world and is typically used for taxi services, Bloomberg writes. It has an all-electric 136-horsepower, 300 newton meters of torque, 55 kW per hour battery, and a 100 kW electric engine, according to its website. The car has a charging range of 420 km on a single charge.

REMEMBER- GV Auto + Faw signed the agreement earlier this month: GV Auto signed a partnership agreement with Chinese state-owned Faw Group to locally manufacture, assemble, market, distribute, and export EVs earlier this month. The partnership will be backed up with an initial investment of EPG 3 bn. Locally assembled EVs from the partnership should start rolling out by the beginning of next year. The two companies will use existing factories to assemble the vehicles which will eventually have a 65% local component quota.

#2- Tunisia + TotalEnergies to partner on green hydrogen production: Tunisia’s Ministry of Energy and France’s energy giant TotalEnergies are scheduled to sign an MoU to produce green hydrogen in Tunisia’s desert, the Tunisian Telegraph reported. The agreement is expected to be signed during Director of Exploration and Production for the Middle East and North Africa Stéphane Michel’s visit to Tunisia which kicked off yesterday.

Tunisia is behind on rolling out legislation to incentivise hydrogen production: Members of one of Tunisia’s political parties submitted a law proposal in parliament aimed at encouraging green hydrogen production and its derivatives in the country, with a suggested tax framework to spur investment in the sector, the news outlet added. The Industry, Trade, Natural Resources, Energy, and Environment Committee will deliberate the proposal soon along with the Finance, and Strategic Planning Committee.

#3- MENA hydrogen exports have the potential to reach 60 mn tons annually by 2050, according to a study published in The Clean Hydrogen Economy and Saudi Arabia. A large proportion of international hydrogen trade in the coming years will be in the form of ammonia which acts as an energy carrier that is easier and safer to transport than hydrogen gas.

The region could be in the lead in the global hydrogen race: Hydrogen exports from the region will amount to 58% of total hydrogen imports globally and 11% of the global demand, the study predicts. Despite reaching around 7.2 exajoules of hydrogen exports, crude oil exports are still expected to lead, the study concluded.

What would it take? The region would need to increase hydrogen production to 96 mn tons annually and develop 0.3 GW of carbon storage infrastructure. It would also need 232 GW of electrolysis capacity and a minimum of 490 GW of renewables capacity.

But there’s still a long way to go: The region’s share of the total renewable capacity installed globally has been stagnant at 4% — 1.5% if hydropower is excluded, according to the study. Countries would have to expand their renewables roll out by around 35 times greater than the 14 GW installed as of 2021, which also excludes hydroelectric power.

DANGER ZONE-

Bad weather raises concerns over rising food prices: As bad weather — droughts, frosts, rain — affects the supply of major crops, worries about higher commodity prices are rising significantly, Bloomberg reports. The top exporter Russia has been experiencing harvest limitations furthering the gains, associate director of sustainable and agricultural economics at Commonwealth Bank of Australia said, adding that “more downgrades are likely in the next couple of weeks.” The crops have not yet hit a peak, but prices on everything from wheat to coffee are likely to remain higher due to more extreme weather patterns, HSBC’s chief economist for global commodities added.

But commodity indexes are the only ones to gain: Nine farm commodities have turned higher on the year and are headed for the largest weekly gain since July on the back of rising prices which boost supplier revenues, Bloomberg writes. An index of major crops was able to “wipe out its 2024 losses” as a result of the increasing crop prices.

Which commodities are affected? The components of the index include Robusta coffee which are headed for a roughly 9% weekly gain — the biggest since last December — as dry weather in key producer Vietnam continues to cause deficits. Orange juice set an index record Friday on the back of the climate change-driven deteriorating Brazilian harvest. Asian rice prices to the cusp of a 15-year high. Cocoa futures in New York are poised for a weekly gain of almost 12%.

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CIRCLE YOUR CALENDAR-

Egypt will host the Energy & Storage Live MENA conference, from Wednesday, 29 May to Thursday, 30 May in Cairo. The event will gather industry stakeholders in utilities, independent power producers, financiers, government bodies, regulators, distributors, contractors, and more to shape the future of the region’s energy sector.

The UAE will host the Bonds, Loans & Sukuk Middle East event from Tuesday, 4 June to Wednesday, 5 June in Dubai. Billed as the Middle East's largest corporate and investment banking event, it serves as a key meeting point for those active in the region's capital markets. Over 1.4k governments, corporates, investors, banks, law firms, regulators and service providers as well as more than 75 expert speakers will be in attendance.

Turkey will host the International Conference on European Energy Market, from Monday, 10 June to Wednesday, 12 June in Istanbul. The three-day event will gather experts from scientific, industry, and policy sectors for discussions on various energy market-related topics. The conference covers themes including energy modeling, market design, regulatory policies, and climate change.

Morocco will host the Morocco Energy Week Summit, from Tuesday, 11 June to Thursday, 12 June in Marrakech. The event will gather Morocco's leading energy players, companies and developers alongside financiers and implementation experts to discuss the country’s green transition.

Spain will host the Connecting Green Hydrogen Europe conference, from Tuesday, 25 June to Thursday, 27 June in Madrid. The event will see around 5k attendees including industry leaders, energy ministers, and executives to explore solutions, new technologies, and transformative advancements to advance the hydrogen industry.

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

KSA’s Miahona closes retail portion of IPO on Tadawul’s main market

Water treatment outfit Miahona’s retail offering was 6.1x oversubscribed, with retail investors set to secure a minimum of 10 shares each, lead manager Saudi Fransi Capital said in a disclosure to Tadawul. A strong demand from retail investors will see the total offering for institutional investors fall to 80% despite it being 170x covered.

What’s next? Rump shares will be allocated to subscribers on a pro-rata basis to fulfill the remaining demand, with an allocation ratio of 11.6% for every subscribed share, according to the disclosure. Miahona’s date of listing is yet to be announced.

Background: The sole owner of Miahona — Vision Invest — is selling a 30% stake on Tadawul’s main marke t in a secondary share sale. The IPO was priced top of the range at SAR 11.5 per share, valuing the IPO at SAR 555.5 mn, and giving the company a market cap of SAR 1.85 bn post-listing. The selling shareholder will take home the proceeds from the offering after paying an estimated SAR 28 mn in fees associated with the transaction.

ADVISORS- Our friends at EFG Hermes KSA and Saudi Fransi Capital (SFC) are quarterbacking the transaction as financial advisor, bookrunner, and underwriter. SFC is also separately acting as the lead manager. SFC and Riyad Bank are receiving agents. Latham & Watkins is acting as legal counsel, while PwC is financial due diligence advisor, KPMG are serving as auditors, and Arthur D. Little as market consultant.

IHC is lining up USD 1 bn worth of acquisitions in the mining sector

UAE’s investment giant International Holding Company (IHC) plans to make USD 1 bn worth of acquisitions in the mining sector this year, chief executive Syed Basar Shueb told The Financial Times. The IHC’s mining subsidiary International Resource Holding (IRH) has already signed joint venture agreements for iron ore exploration in Angola, and is now working on a nickel mining agreement in Burundi while discussing the mining of metals in Tanzania and Kenya, Shueb added. The mining firm plans to use renewable energy sources to power its mining projects.

Why the sudden interest? IRH came onto the mining investment scene to secure a supply of raw materials without having to turn to other operators, the CEO said. The moves come as the global race to acquire critical energy transition minerals heats up, with reports that Australia’s mining company BHP is in talks to merge with IHC’s rival Anglo American in a proposed takeover deal worth GBP 34 bn. The IRH is also competing against the Chinese for mining assets, Shueb said. The predicted increased demand for EVs, wind turbines, and solar panels is creating a looming critical minerals shortage.

REFRESHER- IHC is doubling down on securing critical metal supplies from Africa: The natural resources extractive company snagged a 51% stake in Zambia’s Mopani Copper Mines for USD 1.1 bn in March. IRH bid over USD 1 bn for Mumbai-based Vedanta’s stake in Zambia’s Konkola Copper Mines in April, and presented a non-binding offer to acquire London-based mining company Vedanta Resources’ 51% stake in the mines. “It makes a lot of sense that one party manages Mopani and KCM,” Shuab told FT. The company is also reportedly looking to bid for private equity player EMR Capital's 80% stake in Zambia’s Lubambe Copper Mine.

H2 Enterprises CEO Michael Stusch talks hydrogen production tech and what the hydrogen industry needs ahead of COP29

Coffee with: Michael Stusch, Executive Chairman and CEO of H2 Enterprises Group: Stusch (LinkedIn) founded H2 Enterprises Group in 2010 to develop a cost-effective, emission-free method to produce and store clean hydrogen using a Liquid Organic Hydrogen Carrier (LOHC), leveraging existing infrastructure for transportation.

H2 Enterprises’ plans to build a USD 3 bn waste-to-hydrogen facility in Egypt’s East Port Said are moving forward after the firm got preliminary approval by the General Authority for Suez Canal Economic Zone (SCZone) for the development of a 1 GW LOHC Hydrogen Hub — the first of its kind in the world. The hydrogen plant will be fed with 4 mn tons of organic waste and non-recyclable plastic per year sourced from the Mediterranean entrance to the Suez Canal.

H2 is also looking into developing a USD 1.4 bn waste-to-hydrogen facility in Oman with a capacity to produce 67k tons of green hydrogen annually. The project — which will be developed in partnership with Madayn — includes the construction of a 300 MW solar station and 70 MW of electrical storage, to power the conversion of up to 1 mn tons of municipal solid waste each year, which will eventually be expanded to handle 4 mn tons a year. The waste will be sourced from waste management operators and mined from existing landfills.

We sat down (virtually) with Stusch to discuss hydrogen production tech, the company’s current projects, and what support the hydrogen industry needs ahead of COP29.

Edited excerpts of our conversation follow:

Enterprise: H2 Enterprises is a key player in the hydrogen sector. What are the distinctive contributions the company makes into the low-carbon hydrogen sector?

Michael Stusch: We have developed tech to produce hydrogen from waste at less than half the levelized cost of producing hydrogen from solar. We can do this in huge quantities, producing a super green hydrogen. It's actually cleaner than green hydrogen because we also reduce country waste in parallel.

We want to roll out the tech worldwide and have a strategic partner for that. I cannot tell you who the partners are yet, but they are big names. We really want to make the energy transition from oil to hydrogen as soon as possible.

E: What policy measures or regulatory frameworks — both global and national — do you think are necessary to further incentivize investment and innovation in the hydrogen sector?

MS: We are working on one important thing: the certification of hydrogen which can be done through different players around the world, led by [certification provider and hydrogen engineer] Bureau Veritas here in Dubai.

We need hydrogen not to be labeled with these color codes anymore, but instead have a CO2 index that identifies how much CO2 is emitted into the atmosphere across the hydrogen supply chain, including the end destination where it's used. This needs to be a standard worldwide. European countries are amongst those that would benefit from this because it's currently unclear what is certified and what is not.

E: What innovative technologies or breakthroughs is H2 Enterprises currently developing?

MS: We have developed the technology to produce hydrogen from waste very efficiently and at half of the cost in factories that we have designed ourselves. Our factories are designed using 20-foot containers for mass production. We can easily set up a plant within two years, and probably even faster than that in the future. The first one will be located in Ras Al Khaimah in the UAE, first announced at COP28. Construction will begin this year and the plant will be ready for operation at the end of 2026.

We're also developing tech to release hydrogen from Liquid Organic Hydrogen Carrier (LOHC) in 19-inch racks — which we also mass produce. You can put these racks in your house for heating and cooling your house, and eventually power your entire house with hydrogen.

E: How is H2 Enterprises positioning itself to capitalize on opportunities in the transportation, industry, and power generation fields?

MS: For the transportation industry, we have big partners that will be announced soon. The partners are already transporting oil and they can use anchors and transport LOHC without needing to change anything. So it's not like ammonia. We don't need to freeze it down like liquid hydrogen or compress it to transport or store. It can be transported under normal temperatures the same way we transport oil now.

For the power generation, these waste-to-hydrogen plants can produce hydrogen very cost effectively. We can convert coal power plants into hydrogen power plants by situating waste-to-hydrogen plants nearby and retrofitting the coal facilities to a hydrogen one instead. We have projects like this in the pipeline. Nothing has started yet, but we are currently talking to many players in different countries.

E: Could you give us any more details on your other projects in the region?

MS: Our Oman hydrogen project was announced one and a half years ago, but there have been changes in Oman. We are now in talks with new [stakeholders] so we need to renew our agreements. But, we have other projects in Egypt and here in the UAE.

Moving to Dubai a few years ago was strategic. This region is becoming the center for new sustainable technologies and financial activities related to sustainability. Dubai is emerging as the global hub for energy transition, which is why we chose to base our operations here.

E: What outcomes does your company want to see from COP29?

MS: What we need is easier finance, so the tech can be built immediately. The whole process to get to the financial closing takes too long, and it is the biggest problem. We have some ideas that are also coming up, but we need big amounts of funds and investments, and we need them as fast as possible — not at the rate we are currently at. This is the most important [outcome] that should come out of COP29: for financial institutions worldwide to understand that we need to move forward much quicker.

Floating buildings can help overcome flood damage

Floating structures are gaining traction as a viable and sustainable method of preventing flood damage, exacerbated due to the rising impact of climate change, according to the European Climate Adaptation Platform (Climate-ADAPT). The structures are designed to adapt to fluctuating water levels and offer a sustainable and eco-friendly lifestyle while enhancing climate resilience.

The world needs better flood prevention: Given that around 40% of the global population resides in coastal areas within 100 km of the ocean, the expected annual flood damage globally could increase by USD 16.2 bn to USD 44.5 bn per year during 2020–2100 under low- and high-emissions scenarios, respectively, according to a study published in Springer. The US’ Federal Emergency Management Agency has alone had to pay around USD 4 bn to buy out 45k to 50k flood-damaged homes, converting them into public space that can absorb floodwaters and protect surrounding areas.

Our region could be at risk: The UAE was struck by its heaviest rainfall in 75 years last month. A recent study by the World Weather Attribution team has attributed the flood’s intensity — which resulted in around 34 deaths in the region, up to USD 850 mn in damages in UAE, Bahrain, and Oman, and destroyed nearly 50k cars in the UAE — to global heating and urbanization. The research indicates that human-caused climate change particularly intensified El Niño effects and contributed to the record-breaking rainfall, which saw Dubai receive more than 14 cm of rain in 24 hours.

Regional startups are exploring solutions: UAE’s startup Floating Man, which specializes in floating structures including floating solar and battery energy storage system stations, is also introducing floodproof villas and houses to combat the impact of floods.

Floodproof villas? The firm’s structures become buoyant and rise with the water when it reaches 60 cm below the structures, harnessing the power of water pressure without using any energy, Floating Man’s CEO Mehdi Honarvar tells us. When the water level drops, the homes naturally settle back to their initial position thanks to gravity. The design uses specialized pontoons beneath the homes that enable buoyancy and 4-6 strategically placed bases around the building which provide anchoring to ensure the villas remain stable and secure during water level changes.

Designed to accommodate different heights: A flood map is created first considering different flood severities to identify potential flood depths. The houses are then designed and built to withstand these floodwaters ranging from 3-6 meters above water levels. They can also be designed in different sizes and layouts to accommodate different needs. The houses are manufactured in units at the company's factory and assembled like a puzzle at the construction site. The prefabricated units interlock easily allowing for quick and easy assembly.

The tech has surpassed rigid testing: CFD testing assessed the stability of a 100 sqm, one-story, two-bedroom house design. The tests considered a weight of 50 tons including 30 individuals and extreme weather conditions with winds up to speeds of 126 km/h and waves of around 30-40 km per hour.

Lots of energy + cost gains for clients: The houses are fully isolated, equipped with roof solar panels and battery energy storage systems, and can save up to 80% of energy consumption. The villas will also include storage units to store and recycle used water for multiple uses. This includes economy, luxury, and ultra-luxury grades which can be implemented for villages, cities, or luxurious sea resorts The company estimates the villas’ price to range from USD 30k -50k.

Similar designs have been popping up everywhere: New Orleans-based Morphosis developed its Float House design after Hurricane Katrina. The houses are a prototype for a prefabricated, self-sufficient building that can withstand flood waters as it rises on its guideposts during severe flooding with the base acting as a raft guided by steel masts. Thailand's Site Specific also designed its Amphibious House using a prefabricated steel floating system that sits under the house to collect rainwater while remaining hidden. The depression below the house is filled as the water level rises keeping the house pre-buoyant in case of a flood.

Germany’s RWE to invest in 1.6 GW of offshore wind

Germany’s leading power producer RWE plans to construct 1.6 GW of offshore wind capacity in the North Sea, Bloomberg reports. The wind farms will mainly supply energy to industrial customers, and construction on the first 660 MW cluster will start in 2025 and begin operations in early 2027. Rising costs in the wind energy sector have impeded projects in the UK and US. Talks by RWE for an offtake agreement in New York fell through due to a lack of turbines. Nevertheless, the company still plans on spending EUR 55 bn on green technologies by 2030 and has directed two-thirds of its 1Q investments to offshore wind projects, aiming to triple capacity to 10 GW by 2030.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

India’s solar capacity up by 400% y-o-y: India added a record 10 GW of solar capacity in Q1 2024, a 400% y-o-y increase. The installed capacity included 9.7 GW of large-scale solar capacity. (Report)

B'naire private jet addicts are financing the hydrogen-powered aviation push

French startup Beyond Aero is targeting the ultra-rich as it lines up plans to commercially launch a six-seat hydrogen-powered jet by 2030, Bloomberg reports. The company has already secured letters of intent from prospective individual buyers for 19 hydrogen jets, along with commitments from several airlines.

Why the wealthy? Only 1% of the population is responsible for 50% of global aviation emissions, with private jets being the most carbon-intensive. Some private jets emit two tons of CO2 per hour, making them five times more polluting per passenger than commercial flights and 50 times worse than trains. Celebrities like Taylor Swift and Elon Musk have recently come under fire for their use of heavy-emitting private jets. Swiss nonprofit climate protection organization Myclimate identified rapper Travis Scott as the leading carbon emitter from private jet travel in 2023, with emissions totaling over 6 mn kgs.

Beyond Aero is not alone: Switzerland-based Sirius Aviation is also developing hydrogen-powered jets, already receiving prepayments for three jets costing mns each, according to Bloomberg. The company is planning its first demonstration flight next year, featuring a two-seater jet with a small kitchen and toilet, capable of vertical takeoff and landing like a helicopter, yet flying like an airplane.

The type of hydrogen matters: The environmental impact of the hydrogen used depends on how it is produced. Jets powered by gray hydrogen, for example, are not emission-free, Greenpeace Europe climate and transportation specialist Thomas Gelin told Bloomberg. To truly minimize the environmental impact, the industry is shifting towards green hydrogen, which currently represents only 1% of global output but is expected to dominate the sector by 2050.

CALENDAR

MAY 2024

28-30 May (Tuesday-Thursday): Make it in the Emirates Forum, Abu Dhabi, UAE.

29-30 May (Wednesday-Thursday): Solar & Storage Live MENA, Cairo, Egypt.

JUNE 2024

4-5 June (Tuesday-Wednesday): Bonds, Loans & Sukuk Middle East, Dubai, UAE.

5 June (Wednesday): World Environment Day, Saudi Arabia.

5-7 June (Wednesday-Friday): Sustainability World Summit, Frankfurt, Germany.

10-12 June (Monday-Wednesday): The International Conference on European Energy Market, Istanbul, Turkey.

11-12 June (Tuesday-Wednesday): International Conference on Financing Investment and Trade in Africa, Tunis, Tunisia.

11-13 June (Tuesday-Thursday): Morocco Energy Week Summit, Marrakesh, Morocco.

18-19 June (Tuesday-Wednesday): Biofuels International Conference & Expo, Brussels, Belgium.

18-19 June (Tuesday-Wednesday): Sustainable Aviation Fuels Summit, Brussels, Belgium.

25-27 June (Tuesday-Thursday): Connecting Green Hydrogen Europe, Madrid, Spain.

26-27 June (Wednesday-Thursday): Decarbonizing Shipping Forum, Rotterdam, Netherlands.

JULY 2024

2-3 July (Tuesday-Wednesday): Nuclear Power Plants Summit & Expo, Istanbul, Turkey.

12-14 July (Friday-Sunday): G20 Leaders Summit, Rio de Janeiro, Brazil.

16-17 July (Tuesday-Wednesday): The Egypt Mining Forum, Cairo, Egypt.

AUGUST 2024

1 August (Thursday): Distributed Solar Summit, Dubai, UAE.

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.

OCTOBER 2024

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

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

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

NOVEMBER 2024

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

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 (ADIPEC), Abu Dhabi, UAE.

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

26-28 November (Tuesday-Thursday): Saudi Electricity 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.

JANUARY 2025

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

FEBRUARY 2025

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

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: 9th 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.

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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KSA’s Miahona closes retail portion of IPO on Tadawul’s main market

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TODAY: Miahona’s IPO is on a roll + IHC is heating up mining sector acquisitions

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KSA’s Miahona closes retail portion of IPO on Tadawul’s main market

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IHC is lining up USD 1 bn worth of acquisitions in the mining sector

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H2 Enterprises CEO Michael Stusch talks hydrogen production tech and what the hydrogen industry needs ahead of COP29

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Floating buildings can help overcome flood damage

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Germany’s RWE to invest in 1.6 GW of offshore wind

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B'naire private jet addicts are financing the hydrogen-powered aviation push

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KSA’s Miahona closes retail portion of IPO on Tadawul’s main market

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Today at a glance

TODAY: Miahona’s IPO is on a roll + IHC is heating up mining sector acquisitions

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This publication is proudly sponsored by

KSA’s Miahona closes retail portion of IPO on Tadawul’s main market

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IHC is lining up USD 1 bn worth of acquisitions in the mining sector

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H2 Enterprises CEO Michael Stusch talks hydrogen production tech and what the hydrogen industry needs ahead of COP29

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Floating buildings can help overcome flood damage

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Germany’s RWE to invest in 1.6 GW of offshore wind

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B'naire private jet addicts are financing the hydrogen-powered aviation push

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