Amid growing environmental threats, BRICS leaders are pushing for urgent measures to combat land degradation, a phenomenon severely impacting ecosystems and communities worldwide. The upcoming UN Land Degradation and Drought conference, scheduled for early …
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‧Amid growing environmental threats, BRICS leaders are pushing for urgent measures to combat land degradation, a phenomenon severely impacting ecosystems and communities worldwide. The upcoming UN Land Degradation and Drought conference, scheduled for early next year, aims t…
Hyphen Web Desk
‧HSBC has launched a sustainability improvement loan targeting mid-sized corporates in the UAE, Egypt, Qatar, and Bahrain, marking a significant step in promoting environmentally responsible business practices in the region. This initiative aims to support companies striving…
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‧A groundbreaking pilot project for hydrogen-powered taxis has been launched in Saudi Arabia, marking a significant stride towards sustainable transportation solutions in the region. This initiative aims to demonstrate the feasibility and efficiency of hydrogen as a clean fu…
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‧A significant slowdown in wind power development is hindering the world's efforts to meet renewable energy goals, particularly as nations strive to cut carbon emissions in line with climate agreements. Wind energy, once seen as a pivotal solution to transitioning away f…
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‧A landmark agreement between the UAE and the Government of Rajasthan has been signed, marking a significant development in India's renewable energy sector. The Memorandum of Understanding (MoU) involves a massive ₹3 lakh crore ($36 billion) investment by the UAE, with t…
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‧Hedge funds are increasingly betting against the renewable energy sector, raising concerns over the viability of green investments. As climate change initiatives gain momentum and governments around the world push for a transition to clean energy, a growing number of hedge …
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‧Global warming is reshaping ecosystems, with one of the more pressing concerns being its profound impact on aquatic environments. As water temperatures rise, fish diseases are proliferating at alarming rates, placing aquaculture and wild fish populations at greater risk. Th…
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‧Fertiglobe, a joint venture between Adnoc and OCI, has positioned itself for a significant expansion in long-term ammonia contracts following Adnoc's acquisition of a 25% stake from OCI. This move strengthens Fertiglobe's ambitions in the global clean ammonia sector…
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‧A coalition of eleven nations has committed to the Middle East Green Initiative, aimed at addressing climate change and promoting sustainable development across the region. This significant expansion follows a recent summit where leaders gathered to discuss collaboration on…
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‧Masdar and Iberdrola have successfully completed the installation of the final turbine for the Baltic Eagle wind farm, a significant offshore renewable energy project located in the Baltic Sea. This marks a major milestone in the 476 MW venture, which is set to enhance Euro…
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‧Lake Shore India Advisory, supported by the Abu Dhabi Investment Authority (ADIA), has successfully raised $143 million in a green loan to expand its Viviana Mall in Mumbai. This move aligns with the growing trend of sustainable financing in the commercial real estate secto…
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‧Ardian, a global investment firm, is reportedly evaluating potential co-investment opportunities in the green hydrogen sector alongside two prominent players: Masdar and the Public Investment Fund (PIF) of Saudi Arabia. This collaborative venture could significantly impact …
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‧Emirates Transport is set to embark on a pioneering initiative to pilot test hydrogen and electric vehicles as part of its strategy to transition toward sustainable transportation. This ambitious project aligns with the UAE's broader commitment to reducing carbon emissi…
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‧The Middle East saw an impressive surge in sustainable bond issuances, reaching a total of $16.7 billion in the first three quarters of 2024, according to S&P Global Ratings. This figure reflects the growing commitment of governments and corporations in the region to fi…
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‧Executives in the Middle East are increasingly viewing climate change as a top priority, as highlighted by a comprehensive study examining corporate attitudes towards environmental sustainability. This shift is driven by the recognition that climate change poses significant…
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‧Minister of Investment Khalid Al-Falih revealed plans for the management of four Saudi airports by the private sector starting in 2025. Speaking at the inaugural Global Logistics Forum held at the King Abdullah Financial Center in Riyadh, Al-Falih emphasized the initiative&…
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‧Ambitious renewable energy goals set by the UAE have not only been met but are expected to be exceeded by 2030, according to a recent report from the International Energy Agency (IEA). The report highlights the nation’s strategic investments and policies that have accelerat…
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‧Etihad Rail has taken a bold step toward sustainable operations by initiating a solar-powered freight terminal at Ghuweifat. This project, developed in partnership with Emerge, marks a milestone in the UAE's commitment to green energy as part of the nation's broader…
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‧A strategic partnership between Abu Dhabi Terminals (ADT) and the French tech company Urbanloop has been established to explore sustainable and innovative urban mobility solutions in the UAE. This collaboration marks a significant step toward addressing the growing need for…
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‧COP28 President Sultan Al Jaber has called on world leaders to fully implement the "UAE Consensus," a pivotal roadmap designed to accelerate climate action and socio-economic development. Addressing the Pre-COP29 session, Al Jaber emphasized the urgency of buildin…
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‧Jonathan Keyes has been appointed as the Head of Sustainable Finance for the Middle East by ING, the Dutch multinational banking and financial services corporation. This strategic move aligns with ING's commitment to promoting sustainability and supporting clients in th…