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ADQ, IHC partner up to form MENA’s largest largest asset management firm
There’s a new asset management firm on the regional block: Abu Dhabi Sovereign Wealth Fund (ADQ) is set to launch…
Neom Green Hydrogen Company secures USD 8.5 bn in financing for mega hydrogen plant
Neom secures financing agreements for green hydrogen plant: KSA’s Neom Green Hydrogen Company (NGHC) has signed several financing agreements worth…
Empower invests USD 122 mn to provide district cooling services in Dubai Maritime City project
Empower set to cool Dubai Maritime City: Emirates Central Cooling Systems (Empower) has signed an agreement to provide district cooling…
EFG Hermes’ Vortex Energy + Zouk Capital make USD 80 mn equity investment in British EV charging company
Vortex Energy + Zouk Capital invest in British EV charging company: EFG Hermes Holding’s clean energy investment platform Vortex Energy…
Geely’s EV brand Zeekr raises USD 750 mn in series A fund round
Geely’s EV brand Zeekr raises USD 750 mn in fresh funding: Zeekr — Chinese automotive manufacturer Geely’s luxury EV brand…
A shot in the arm for emerging markets’ energy transition
IFC, Abu Dhabi Fund for Development agree to USD 1.5 bn co-investment in EM energy transition: The International Finance Corporation…
Neom’s mega green hydrogen plant’s price tag went up by USD 3.5 bn
Neom’s mega green hydrogen project needs more capital: Saudi Arabia’s Neom green hydrogen project — a JV between Neom, US-based…
Fuel cell research and development is getting a boost in KSA and South Korea
Saudi-Korean JV Fuel Cell Innovations (FCI) intends to invest USD 115 mn by 2027 to produce hydrogen fuel cell components…
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