ENERGY-

G6T Group + Kyoto Network to work on waste-to-value projects in the UAE: UAE-based carbon removal technology company G6T Group and UK-based environmental management firm Kyoto Network have agreed to co-develop, finance, and implement waste-to-value plants, according to a press release. The plants will convert organic and inorganic waste — using a lower-emission advanced carbon dioxide removal process — into valuable alternatives to fossil-based products at low prices. The first of these projects will produce engineered biochar and is expected to become operational by the end of the year.

Why biochar? The engineered biochar can be used to increase agricultural yields in desert environments, increase water and nutrient retention by up to 50%, and limit the need for harmful fertilizers. Once applied to soil, the material also acts as a carbon sink which can prevent stored carbon from re-entering the atmosphere for over 150 years.

REMEMBER– Abu Dhabi-based asset manager Offset8 Capital — which specializes in nature-based carbon removal projects — signed its first agreement last year to finance Singapore-based SawaEcoSolutions ’ biochar carbon credit generation project in Indonesia.

#2- Fabtech + Groupe M partner on nuclear energy: Dubai-based steel manufacturer Fabtech Engineering has signed a strategic agreement with French industrial firm Groupe M to cooperate on advancing nuclear and clean energy in the UAE, state news agency Wam reports. Under the agreement, the pair will speed up site support operations and develop manufacturing solutions and on-site products to support the sustainable nuclear sector Fabtech will also upgrade its facility in the Dubai Industrial City.

A rising interest in nuclear: Last month, Abu Dhabi nuclear firm Emirates Nuclear Energy Corporation (Enec) said it was planning to invest up to EUR 500 mn in French-Italian nuclear operator Newcleo. Enec is looking to capitalize on the growing demand for nuclear projects and is scouting potential opportunities at home and abroad, anticipating that the energy-intensive rise of AI products will boost demand across data centers.

REAL ESTATE-

Fitch upgrades Binghatti’s rating to BB- on strong financials and growth pipeline: Fitch Ratings has upgraded Binghatti Holding’s credit rating to BB- from B+, with a stable outlook, reflecting strong sales, a growing project pipeline, and robust financial performance, according to Fitch’s latest report. The upgrade also extends to Binghatti Sukuk’s debt instrument.

Binghatti’s revenue is expected to exceed AED 20 bn in 2025, up from AED 6.3 bn in 2024, driven by its AED 45 bn project pipeline and the delivery of 21k residential units. Its luxury developments account for 65% of its pipeline, attracting international investors, while its affordable housing projects continue to meet local demand.

ICYMI- Moody’s assigned Binghatti a Ba3 rating for the first time earlier this month, highlighting its low debt, strong interest coverage, and solid liquidity.

INVESTMENT-

Abu Dhabi-headquartered and Canada-listed Falcon Energy Materials is raising CAD 6 mn in a non-brokered private placement to fund its projects in Morocco and Guinea, it said in a disclosure (pdf). The mining company will issue 10 mn new units at CAD 0.60 each, with every unit comprising one ordinary share in Falcon and one share purchase unit — giving investors the right to buy additional shares at a fixed price of CAD 0.75 apiece within the next 36 months. The move, which is backed by the firm’s largest shareholders and is fully committed, is pending regulatory approval.

NON-BANKING FINANCIAL SERVICES-

Offa gains FCA authorizations for home purchase plans in the UK: Offa, a portfolio company of homegrown financial services company Gulf Islamic Investments, has been authorized by the UK’s Financial Conduct Authority to provide Sharia-compliant home purchase plans (HHPs) in the UK, according to a press release (pdf). The authorization makes Offa the third active provider of HPPs in the UK.

Why it matters: With this license, Offa will provide an alternative to traditional mortgages using the co-ownership-with-leasing model, where customers acquire property in partnership with Offa and increase their share over time.

TELECOMS-

State-owned e& and Chinese partially state-owned technology company ZTE Corporation inked an MoU at MWC Barcelona 2025 to deepen their cooperation in IP technology, ZTE Corporation said in a press release.

AVIATION-

Air Arabia flies to Armenia: Air Arabia is launching six direct flights between Abu Dhabi’s Zayed International Airport (AUH) and Armenia’s Yerevan Zvartnots International Airport, according to a statement. The service — rolling out every Thursday, Friday, Saturday and Sunday — will begin effective 1 June 2025.

HEALTHCARE-

Etihad Airways and Burjeel Holdings signed an MoU to support medical tourism in Abu Dhabi, state news agency Wam reports. The agreement will provide international patients with easier access to Burjeel’s medical services and set up referral pathways for case management. The agreement also ensures comprehensive medical coverage for Etihad employees and their families, granting them access to Burjeel’s hospitals and medical centers across Abu Dhabi, Dubai, Sharjah, Al Ain, and Al Dhafra. Burjeel will also offer health awareness programs and wellness initiatives for employees.

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