{"id":88833,"date":"2024-12-24T00:00:00","date_gmt":"2024-12-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/12\/24\/green-finance-manufacturing-and-energy-efficiency-updates-from-qatar-uae-and-saudi\/"},"modified":"2024-12-24T00:00:00","modified_gmt":"2024-12-24T00:00:00","slug":"green-finance-manufacturing-and-energy-efficiency-updates-from-qatar-uae-and-saudi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/12\/24\/green-finance-manufacturing-and-energy-efficiency-updates-from-qatar-uae-and-saudi\/","title":{"rendered":"Green finance, manufacturing, and energy efficiency updates from Qatar, UAE, and Saudi"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">GREEN FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Rayan Bank and HSBC partner on ESG-linked Islamic repo:<\/strong> Qatari Islamic bank Al Rayan Bank (Masraf Al Rayan) and HSBC have completed what the pair described as the \u201cfirst Islamic ESG KPI-linked\u201d repurchase agreement (repo), according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/2106.pdf\" style=\"\" rel=\"noopener\">disclosure<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/2106.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. The exact size of the repo wasn\u2019t disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> The deal will support the Sustainable Performance Targets (SPTs) that Al Rayan Bank must meet over the next three years as part of its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/2109.pdf\" style=\"\" rel=\"noopener\">Sustainable Finance Framework (pdf)<\/a>, which was launched in 2022 to support Qatar\u2019s net zero goals and the Qatar National Vision 2030. The bank currently offers a range of Environmental, Social, and Governance (ESG) products, such as EV financing and green deposits.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">GREEN MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Drydocks opens advanced infrastructure-making facility: <\/strong>Offshore construction services company <a target=\"_blank\" href=\"https:\/\/www.drydocks.gov.ae\/about-us\" style=\"\" rel=\"noopener\">Drydocks World<\/a> has opened its South Yard manufacturing expansion, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/14a7oxy-drydocks-world-unveils-major-expansion-lead-global\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Monday. The new 75k sqm facility \u2014 powered entirely by solar energy \u2014 will allow the company to expand its fabrication capacity by 40%. Designed to support Drydocks in expanding its renewable energy infrastructure manufacturing capacity, particularly for offshore wind developments, the expansion will also allow the company to handle multiple complex, large-scale fabrications simultaneously. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENERGY EFFICIENCY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bahrain\u2019s tech firm Beyon extends sustainability partnership with Ericsson: <\/strong>Swedish telecommunications company <a target=\"_blank\" href=\"https:\/\/www.ericsson.com\/en\/about-us\" style=\"\" rel=\"noopener\">Ericsson<\/a> and Bahraini technology group <a target=\"_blank\" href=\"https:\/\/beyon.com\" style=\"\" rel=\"noopener\">Beyon<\/a> have renewed their sustainability partnership to boost circular economy practices and energy efficiency in Bahrain\u2019s telecom networks, according to a <a target=\"_blank\" href=\"https:\/\/beyon.com\/2024\/12\/23\/beyon-renews-partnership-with-ericsson-to-support-its-sustainability-and-circular-economy-practices\/\" style=\"\" rel=\"noopener\">press release<\/a>. The partnership \u2014 launched in early 2024 \u2014 has helped the Beyon-owned telecom company <a target=\"_blank\" href=\"https:\/\/batelco.com\/\" style=\"\" rel=\"noopener\">Batelco<\/a> cut its energy consumption by 30% using Ericsson\u2019s 5G technology and energy-saving software, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/ericsson-and-beyon-renew-mou-strengthening-sustainability-and-circular-economy-efforts-ccp54k5a\" style=\"\" rel=\"noopener\">Zawya<\/a> reported. The pair also launched an e-waste recycling initiative to support circular economy practices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>UAE joins ATS: <\/strong>The UAE has acceded to the Antarctic Treaty System, allowing it more involvement in polar research through its Emirates Polar Programme, including on polar marine conservation. The ascension will allow the country to attend the Antarctic Treaty Consultative Meeting, participate in research, and establish a physical presence in the polar region. (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b6u4xjd-uae-accedes-antarctic-treaty-system-accelerate\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Stories on our radar this morning from around the region<\/p>\n","protected":false},"author":1,"featured_media":88834,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[67],"tags":[66,492,11,164,365,459,163],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-energy-efficiency","tag-enterpriseclimate","tag-green-finance","tag-green-manufacturing","tag-hsbc","tag-qatar","wpautop","entry"],"acf":{"mongo_id":"201d1868-b9b3-44cb-856b-4c1321ef274c","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/748.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Green finance, manufacturing, and energy efficiency updates from Qatar, UAE, and Saudi","related_issue":[88821],"teaser":"Stories on our radar this morning from around the region","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.153e4c98-5074-463a-8385-0552cc9518bd.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Green finance, manufacturing, and energy efficiency updates from Qatar, UAE, and Saudi - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/24\/green-finance-manufacturing-and-energy-efficiency-updates-from-qatar-uae-and-saudi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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