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‧Acwa Power Strengthens Ties with China Amid Global Trade Tensions
Saudi Arabia's Acwa Power is intensifying its collaboration with Chinese enterprises, undeterred by escalating global trade disputes. The energy giant has formalized agreements exceeding $1.78 billion, focusing on renewable energy, battery storage, and research and deve…
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‧Tanmiah Food Company and Emerge Forge Partnership for Solar Power Plant at Haradh Facility
Tanmiah Food Company, a prominent supplier of fresh poultry, processed proteins, and animal feed, has entered into a partnership with Emerge, a joint venture between Masdar and the EDF Group, to develop a 3 megawatt-peak solar power plant at Tanmiah's agricultural proc…
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‧Airbus Cautious on Hydrogen Aircraft to Avoid Concorde-Style Setbacks
Airbus has announced a delay in the development of its hydrogen-powered commercial aircraft, originally slated for introduction by 2035. The postponement, expected to extend the timeline by five to ten years, underscores the formidable technological and infrastructural chal…
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‧Masdar Amplifies Global Clean Energy Initiatives with AED30 Billion Investment
Abu Dhabi Future Energy Company, widely known as Masdar, has significantly bolstered its position in the global renewable energy sector by deploying approximately AED30 billion in equity investments and securing over AED16.5 billion in project financing across nine countrie…
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‧Aramco and Siemens Energy Unveil Saudi Arabia's First Direct Air Capture Unit
Saudi Aramco, in collaboration with Siemens Energy, has inaugurated the kingdom's inaugural direct air capture unit, a pilot facility designed to extract 12 tonnes of carbon dioxide annually from the atmosphere. This initiative represents a significant advancement in S…
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‧Masdar Advances $200 Million Stake in Endesa's Spanish Solar Assets
Abu Dhabi's renewable energy company, Masdar, is nearing a $200 million agreement to acquire a 49.9% stake in a 450-megawatt solar portfolio managed by Spanish utility Endesa. This strategic move aims to bolster Masdar's presence in Spain, aligning with its ambition…
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‧Aldar's $500 Million Green Sukuk Attracts Overwhelming Investor Demand
Aldar Investment Properties , a subsidiary of Aldar Properties, has successfully issued a $500 million 10-year green sukuk, significantly enhancing its financial standing. The issuance witnessed remarkable investor interest, with the order book surpassing $3.6 billion, indi…
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‧UAE and Denmark Forge Partnership for Sustainable Agriculture
In a significant move to bolster global sustainability efforts, the United Arab Emirates and Denmark have formalized a partnership aimed at enhancing cooperation in sustainable agriculture and food systems. This development underscores both nations' commitment to addre…
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‧Dubai's Real Estate Sector Accelerates Towards Net-Zero Ambitions
Dubai's real estate industry is undergoing a significant transformation as developers, regulators, and investors align efforts to achieve a net-zero built environment by 2030. This collective endeavour is driven by policy initiatives, financial incentives, and technolog…
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‧GCC Greenfield Projects See Marginal Uptick in 2024 Amid Saudi and UAE Leadership
The Gulf Cooperation Council experienced a slight increase in announced greenfield foreign direct investments in 2024, with the total number of projects rising by just under 1% to 1,830 from 1,813 in 2023, according to Emirates NBD Research. This modest growth underscores…
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‧Middle East's Sustainable Bond Issuance Projected to Maintain High Levels in 2025
Sustainable bond issuance in the Middle East is anticipated to reach between $18 billion and $23 billion in 2025, according to S&P Global Ratings. This projection underscores the region's commitment to environmental, social, and governance initiatives, with the Uni…
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‧Saudi Arabia's Inaugural Green Bond Attracts Robust Investor Interest
Saudi Arabia has successfully issued its first sovereign green bond, raising €1.5 billion and marking a significant step in the Kingdom's commitment to sustainable financing. The issuance attracted substantial investor interest, with bids totaling €7.25 billion, indica…
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‧Tabreed Secures $700 Million Through Landmark Green Sukuk Issuance
National Central Cooling Company PJSC , a leading district cooling provider in the United Arab Emirates, has successfully issued a $700 million five-year green sukuk. This strategic move underscores the company's commitment to sustainable financing and positions it prom…