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‧Dukhan Solar Plant Deal Set to Double Qatar’s Solar Capacity
QatarEnergy has awarded Samsung C\&T’s Engineering & Construction Group the contract to build a mammoth solar power facility in Dukhan, around 80 km west of Doha. The plant will deliver 2,000 MW in two phases by mid-2029. Phase one will supply 1,000 MW to the Kahr…
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‧Africa Pledges $50 Billion Per Year to Power Climate Solutions
African leaders have set a target of mobilising US$50 billion annually to fund a new continental climate solutions initiative unveiled at the second Africa Climate Summit in Addis Ababa. The initiative, led by Prime Minister Abiy Ahmed of Ethiopia, aims to deliver 1,000 cli…
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‧Pension Giant Ploughs Nearly A$1 Billion Into Macquarie Climate Fund
Australian Retirement Trust, the nation’s second-largest pension fund, has committed almost A$1 billion to the Macquarie Green Energy and Climate Opportunities Fund, aiming to scale up its sustainable investing strategy. The sum is among ART’s first substantial investments …
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‧NEOM Green Hydrogen Build Surpasses Eighty-Percent Completion
Construction on the expansive NEOM green hydrogen development has passed the eighty-percent mark at the outset of the first quarter of 2025, the NEOM Green Hydrogen Company has confirmed. This achievement spans the green hydrogen plant itself, the wind garden, the solar fa…
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‧Sobha Realty’s $750 Million Green Sukuk Breaks Global Real Estate Record
Sobha Realty has achieved a milestone with its largest-ever issuance of a $750 million green sukuk, marking the highest such issuance by any real estate developer globally. The five-year Islamic bond, issued under a $1.5 billion Trust Certificate Issuance Programme, attract…
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‧GCC Strengthens Position in Global Circular Carbon Economy
Gulf Cooperation Council countries recorded a clear rise in their overall Circular Carbon Economy Index score, posting 41.5 in 2024, up from 37.7 in 2023, according to data issued by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf. The …
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‧Sohar Port Embarks on Clean-Energy Shift for Container Ships
SOHAR Port and Freezone has inked an agreement with MoonRock and the Danish firm PowerCon to install shore power infrastructure at its container terminal, enabling berthed vessels to plug into onshore electricity and switch off their auxiliary engines—cutting emissions, fue…
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‧FAB’s $750 Million ESG Bond Overwhelms Global Investors
First Abu Dhabi Bank has priced a US-dollar denominated, five-year low-carbon energy bond of $750 million at Treasuries plus 65 basis points, following an order book that exceeded $2.3 billion, excluding joint-lead manager interest. The issuance is rated Aa3 by Moody’s, AA-…
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‧Green Finance Anchors Dubai’s Green Economy Summit
Dubai is gearing up to host the 11th World Green Economy Summit on 1–2 October 2025 at the Dubai World Trade Centre, where green finance will sit at the forefront of global climate discussions. Under the theme 'Innovating for Impact: Accelerating the Future of the Gree…
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‧UAE’s Solar Surge Fuels Global Clean-Energy Drive
The United Arab Emirates is elevating its contribution to the global clean‑energy shift through an ambitious expansion of solar generation capacity, backed by major state and private entities, spanning domestic projects and international initiatives. Domestically, the Al D…
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‧Veolia Takes Full Control of Water Technologies Subsidiary
Veolia has moved to acquire the remaining 30 per cent stake in its Water Technologies and Solutions subsidiary from CDPQ, in a deal valued at around US$1.75 billion, positioning the company for greater strategic agility and cost-efficiency. The transaction is expected to b…
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‧Plastic Treaty Talks Stall in Geneva as Deadlock Deepens
Negotiations in Geneva over a global plastics treaty collapsed amid sharp disagreement on key issues, leaving hopes of a legally binding agreement in limbo. Delegates from 183 countries failed to reach consensus, marking a second missed opportunity to finalise the world’s f…
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‧Dubai to Host CARE MENA Expo Driving Climate-Tech Partnerships
Dubai’s Madinat Jumeirah is set to welcome the climate and sustainability community on 26 and 27 November 2025 as it hosts the MENA edition of CARE—Climate Action & Renewable Energy Expo. The B2B summit offers a platform for governments, tech innovators, financiers and …
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‧TAQA Expands Global Water Footprint with GS Inima Acquisition
Abu Dhabi National Energy Company has secured a deal to acquire GS Inima, a major player in water treatment and desalination services, from GS Engineering & Construction. The agreement, valued at US$1.2 billion, will grant TAQA full ownership of GS Inima and propel the…
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‧Masdar's Growth Backed by Abu Dhabi's Financial Support
Abu Dhabi Future Energy Company is poised to receive continued backing from the local government to fuel its expansion in the energy sector. As part of an ongoing commitment to achieve its ambitious target of 100 gigawatts in renewable energy capacity, the Abu Dhabi gover…
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‧US leads the charge in Saudi Arabia’s greenfield investments
The United States has solidified its position as the leading source of greenfield foreign direct investment in Saudi Arabia during the first half of 2025, with American companies backing 61 projects worth a total of $2.7 billion. This surge in American investments marks a …
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‧Suqia's Global Impact Through Sustainable Water Initiatives
Suqia, the UAE’s national water charity, continues to solidify its global humanitarian efforts, reaching nearly one million people in Tanzania with clean drinking water. In partnership with the Emirates Red Crescent and backed by a grant from HH Sheikh Mohammed bin Rashid A…
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‧Acwa Power Secures $1.9 Billion Capital Boost
SNB Capital has successfully facilitated the completion of a significant SAR7.1 billion capital increase for Acwa Power, a leading Saudi developer, investor, and operator of power generation and desalination plants. The deal, executed through a rights issue on the Saudi Ex…
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‧Oman Data Park’s Solar-Powered Data Centre Breakthrough
Oman Data Park has formed a strategic alliance with Solar Wadi to establish the Sultanate’s inaugural green energy data centre, powered by solar generation. The collaboration marks a significant step in aligning ODP’s technological infrastructure with Oman’s net-zero ambit…
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‧UAE and Senegal Forge Strategic Water Investment Alliance in Africa
The United Arab Emirates and Senegal have formalised a significant partnership aimed at addressing Africa's escalating water and sanitation challenges. This collaboration, announced during the 2025 UN Ocean Conference, underscores a shared commitment to sustainable wat…