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‧Oman Launches Study on Low-Carbon Fuel Bunkering
A significant development in the maritime industry is underway as Oman embarks on a comprehensive study aimed at establishing low-carbon fuel bunkering facilities. This initiative aligns with the global push toward sustainability and reducing carbon emissions within the shi…
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‧Qatar's Commercial Bank Launches Record Green CHF Bond
Commercial Bank of Qatar has achieved a significant milestone in sustainable finance by issuing its largest green bond, valued at 200 million Swiss francs (approximately $220 million). This issuance reflects the growing commitment to environmental sustainability in the Midd…
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‧Renewable Energy Investment Must Triple by 2030 to Meet Global Targets
The call for a significant increase in renewable energy investment to meet global climate goals has intensified. Dr. Sultan Al Jaber, the President of COP28, emphasized that global investments in renewable energy need to more than triple over the next six years to meet the …
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‧Oman's Push Toward Becoming a Global Low-Carbon Fuel Hub Accelerates
Oman's strategic efforts to position itself as a key player in the global low-carbon fuel bunkering market are gaining momentum. The collaboration between Asyad Group, OQ Alternative Energy, and Sumitomo Corporation Middle East marks a significant development in this dr…
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‧SUEZ, TAQA, and Siemens unite for a new wave of desalination projects in emerging markets
Global energy giants SUEZ, TAQA, and Siemens have joined forces in a pivotal collaboration aimed at revolutionizing desalination in emerging markets, where water scarcity continues to pose significant challenges. This consortium, blending the expertise of three industrial l…
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‧Brookfield secures $2.4 billion for UAE-backed climate initiative
Brookfield Asset Management has successfully raised $2.4 billion for its inaugural climate-focused fund, with backing from Abu Dhabi’s Mubadala Investment Company. This marks a pivotal step in Brookfield’s efforts to support global decarbonization projects. The first phase …
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‧Azerbaijan's Climate Fund Faces Challenges in Addressing Finance Gaps
Azerbaijan's announcement of a new climate fund aimed at addressing global climate challenges has sparked debate among experts and policymakers. While the initiative reflects a growing awareness of the need for urgent action in combating climate change, skepticism remai…
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‧Major Firms Qualify for Oman Wind Energy Projects
Oman’s Nama Power and Water Procurement Company (Nama PWP) has identified several prominent utility developers to spearhead the construction of five large-scale wind energy projects. This initiative marks a significant step in the nation’s efforts to diversify its energy so…
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‧World Bank boosts climate financing to record $42.6bn for fiscal 2024
World Bank's commitment to addressing global climate challenges reached an all-time high, with $42.6 billion in climate finance delivered during fiscal 2024. This marks a $4 billion increase from the previous fiscal year and highlights the institution’s efforts to align…
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‧G42 and Nvidia Forge Alliance for Climate Innovation
A new collaboration between G42, a prominent technology company in the UAE, and Nvidia, a global leader in AI computing, aims to develop advanced climate solutions utilizing G42's Earth-2 platform. This partnership is positioned to harness cutting-edge artificial intell…
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‧Saudi Arabia's EV Charging Infrastructure Requires 100-Kilometer Intervals
Saudi Arabia's ambitious push toward electric vehicles (EVs) faces a significant challenge with the need to establish a comprehensive charging infrastructure. Industry leaders assert that to support the Kingdom's transition to electric mobility, charging stations mu…
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‧TAQA Initiates Dhs150 Million Wastewater Initiative in Al Bahia
The Abu Dhabi National Energy Company (TAQA) has unveiled a major investment of Dhs150 million in a new wastewater treatment project located in Al Bahia, Al Sadr. This development marks a significant step in TAQA’s ongoing efforts to enhance infrastructure and environmental…
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‧UAE’s Solar Push for Northern Emirates to Cut Power Costs
The United Arab Emirates is advancing a new solar energy initiative aimed at reducing electricity bills for homes in the Northern Emirates. This initiative, introduced by the UAE’s Energy and Infrastructure Ministry, focuses on leveraging solar power to enhance energy effic…
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‧Middle East targets $75 billion renewable energy expansion
The Middle East is rapidly becoming a hub for renewable energy projects, with a forecast of $75 billion worth of investments in the sector. This growth is driven by regional governments’ determination to diversify energy portfolios, reduce reliance on fossil fuels, and meet…
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‧MoEI and EtihadWE Launch Initiative to Drive Renewable Energy in Northern Emirates
The Ministry of Energy and Infrastructure (MoEI) and Etihad Water and Electricity (EtihadWE) have joined forces to promote the use of renewable energy in the Northern Emirates. This collaboration focuses on expanding sustainable energy resources and reducing carbon emission…
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‧Imtiaz Developments Partners with EEG for Green Initiative
Imtiaz Developments has teamed up with the Emirates Environmental Group (EEG) to launch an ambitious sustainability project aimed at enhancing environmental conservation in the UAE. The collaboration, dubbed "One Tree, One Apartment," focuses on integrating green …
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‧Abu Dhabi Unveils Eco-Friendly Bus Initiative
Abu Dhabi has introduced a new green bus service aimed at reducing the capital's carbon footprint and promoting sustainable urban transport. This initiative represents a significant step in the city's efforts to enhance environmental sustainability and provide more …
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‧Dubai firm transforms sand, date seeds into eco-friendly building material
A Dubai-based startup is pioneering a sustainable revolution in construction by turning sand and date seeds into innovative building materials. ARDH Collective, which has gained attention in the architectural world for its eco-conscious approach, is at the forefront of an e…
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‧UAE’s clean energy contribution rises to 27.83% in total energy mix
The UAE's clean energy sector has reached a significant milestone, with renewable energy now comprising 27.83% of the country's total energy mix, as revealed by the nation's energy minister. This development underscores the UAE's continued commitment to dive…
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‧AMEA Power to build Africa’s largest solar PV project
AMEA Power is set to establish Africa’s largest solar photovoltaic (PV) project, with plans to construct a 1,000 MW solar PV facility in Egypt’s Aswan Governorate. The project, complemented by a 500 MWh battery energy storage system (BESS), will form a critical component of…
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‧UAE's Sheikh Abdullah Urges Action Beyond Consensus at COP29
Sheikh Abdullah bin Zayed, the UAE's Deputy Prime Minister and Minister of Foreign Affairs, has emphasized the necessity for actionable steps beyond consensus for COP29. Addressing global leaders and stakeholders, Sheikh Abdullah underscored that while consensus is vita…