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OIH finalizes sale of Brazil subsidiaries to finance renewables projects
Egypt’s Orascom Investment Holding (OIH) has finalized the sale of its subsidiaries in Brazil for some USD 18 mn, the…
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…
OPEC Fund funneled 75% of funding to climate-focused projects + Siemens Energy is after a full acquisition of Siemens Gamesa, PLUS: Mercedes plans a shift to EVs
Three out of four projects approved by the OPEC Fund for International Development (OFID) in 1Q 2023 were climate-focused, according…
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…
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…
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…
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,…
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…
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