{"id":80997,"date":"2023-12-04T00:00:00","date_gmt":"2023-12-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/green-mobility-updates-from-the-uae-and-ksa-egypt-gets-more-green-funding-from-the-afdb\/"},"modified":"2023-12-04T00:00:00","modified_gmt":"2023-12-04T00:00:00","slug":"green-mobility-updates-from-the-uae-and-ksa-egypt-gets-more-green-funding-from-the-afdb","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/12\/04\/green-mobility-updates-from-the-uae-and-ksa-egypt-gets-more-green-funding-from-the-afdb\/","title":{"rendered":"Green mobility updates from the UAE and KSA + Egypt gets more green funding from the AfDB"},"content":{"rendered":"

GREEN MOBILITY-<\/strong><\/p>\n

<\/strong>Eve<\/strong>Air Mobility + Saudi's Flynas partner on eVTOLs:<\/strong> Brazilian eVTOL company Eve<\/a>Air<\/a>Mobility<\/a> has signed an MoU with Saudi Arabia's air carrier and the leading low-cost airline Flynas to explore operating eVTOLs in KSA, according to a statement<\/a> released last week. The agreement will see them explore deploying eVTOLS in Riyadh and Jeddah in 2026. <\/p>\n

Wisdom Motor debuts hydrogen city bus in Abu Dhabi: <\/strong>Zero-emission vehicle innovator Wisdom Motor has partnered with the Integrated Transport Centre (ITC) of the Department of Municipalities and Transport (DMT) in Abu Dhabi to bring the first 12-meter hydrogen city bus to the region, according to a statement<\/a> released last week. Wisdom Motor and the ITC\u2019s cooperation will provide new green mobility solutions to Abu Dhabi and bolster the ITC\u2019s Green Bus Assessment Program, the statement said. <\/p>\n

POLICY-<\/strong><\/p>\n

IFC inks agreements with Tunisian partners to promote ESG performance: <\/strong>The International Finance Corporation (IFC) has signed agreements with the Tunisian Stock Exchange, the Tunisian Institute of Directors, and the Universit\u00e9 Centrale to promote ESG practices in Tunisia's banking sector, Tunis Africa Press Agency (TAP)<\/a> reports.The agreement will implement an 18-month technical partnership to help Tunisian partners meet ESG standards mandated in Europe and elsewhere, IFC Resident Representative in Tunisia Sarah Morsi told TAP. The IFC is looking to expand its presence in the country with a USD 100 mn investment earmarked for the agri-food sector this year.<\/p>\n

GREEN FINANCE-<\/strong><\/p>\n

AfDB supports Egypt\u2019s green economy with fresh funding:<\/strong> The African Development Bank (AfDB) has signed off on a USD 131 mn support package for Egypt to promote private-sector development, economic diversification, and green transition, according to a statement<\/a> released last week. The program will target increasing private investment, allocating state land for renewable energy projects, promoting manufacturing, and reducing the time to process business licenses among other objectives. Last month, the AfDB said it would commit USD 350 mn<\/a> by the end of the year to develop Egypt\u2019s infrastructure and energy sectors.<\/p>\n

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n