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Lucid’s revenues increase 35.5% y-o-y while net losses deepen by 71.2%
Saudi Arabia’s Public Investment Fund-backed EV maker Lucid’s net losses increased by 71.2% y-o-y in 2Q 2023 y-o-y to USD…
TODAY: Another mega green hydrogen project for Egypt?
Good morning, friends. The news cycle has picked up with some significant developments across the region as we inch closer…
China’s GAC rolls out its Aion Y EV in Jordan
GAC’s all-electric dual-battery crossover EV Aion Y is now available in Jordan, according to a statement. The EV comes in…
KSA extends a USD 77 mn green loan to Belize for 60 MW solar farm, UAE’s GL Holding and USM work on renewables, and Morocco and Jordan work on sustainable smart cities
KSA finances 60 MW solar project in Belize: The Saudi Fund for Development will extend a USD 77 mn green…
Dubai Holding invests AED 150 mn in JV for copper products manufacturing with Thailand’s Oriental Copper
More critical minerals lined up for the UAE: Dubai Holding, the investment vehicle of Dubai's ruler Sheikh Mohammed bin Rashid…
Egypt-bound Netherlands car carrier ship is still billowing smoke
Netherlands tows burning car carrier away from shipping lanes: A car carrier ship that erupted in flames while carrying over…
Hyundai and KSA’s Ceer sign agreement on supply of EV parts
KSA’s Ceer will source EV spare parts from Hyundai: South Korean automaker Hyundai Kefico — a subsidiary of Hyundai —…
UK’s A/O PropTech launches real estate decarbonization fund, Malaysia will build Southeast Asia’s largest solar farm, and ISA aims to raise USD 100 mn for solar facility
British VC firm A/O PropTech launched a EUR 250 mn fund to invest in decarbonization startups focusing on the real…
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