UAE’s Masdar, Egypt’s Infinity JV buy full stake in Africa’s Lekela Power
Infinity Power, a joint venture between UAE’s Masdar and Egypt’s Infinity, has fully acquired Lekela Power, an Africa-based wind power…
ESG
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COP28 could see move from negotiation to action, experts say
The UAE’s hosting of the UN Climate Change Conference later this year could transform the future of the annual international…
Saudi Arabia wins multiple awards for innovative projects at WSIS 2023
Saudi Arabia has won multiple awards and recognitions for its innovative projects at the World Summit on the Information Society…
Burgan Bank first in Kuwait to launch biodegradable cards
Burgan Bank has announced the launch of a new biodegradable debit card especially designed to facilitate transactions for its visually…
Dubai is committed to fostering ecosystem for innovation, ideas and entrepreneurship to thrive: Sheikh Hamdan
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, said on…
IFC Invests in First Green Bond in Jordan to Boost Climate Finance, Spur Growth
IFC's pioneering investment in Jordan's first green bond will help fund green projects in the country, addressing growing climate challenges…
UAE climate change minister is new board member of country’s largest bank
The UAE’s Minister of Climate Change and Environment has been appointed as the first female board member of the country’s…
New UAE Governments Net Zero 2050 Charter to drive collective climate action
The landmark UAE Governments Net Zero 2050 Charter was signed in the presence of Sheikh Mohammed bin Rashid Al Maktoum,…
More GCC green energy projects set to tap into capital markets for financing, S&P says
The number of renewable energy projects, including solar plants, expected to tap into capital markets for financing is set to…
GCC investments in renewables to rise as governments race to meet climate targets
S&P Global Ratings expects to see significant investments in renewables in the GCC during the current decade, as member countries…
Saudi Arabia’s Ma’aden and Bahrain’s Alba explore ways to strengthen cooperation in ESG
Saudi Arabian Mining Co., and Aluminum Bahrain, also known as Alba, have agreed to explore avenues for strengthening cooperation in…
Energy industry’s methane emissions surge to near record despite supply concerns, IEA says
The global energy industry’s methane emissions surged to 135 million tonnes last year, slightly below 2019’s record highs, the International…