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‧Ardian Explores Green Hydrogen Co-Investments with Masdar, PIF
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 to Launch Hydrogen and Electric Vehicle Trials
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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‧Middle East Achieves $16.7 Billion in Sustainable Bonds This Year
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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‧Middle East Leaders Prioritize Climate Change Initiatives
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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‧Saudi Arabia Set to Open Airports for Private Management
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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‧UAE Surpasses Renewable Energy Goals for 2030, IEA Reports
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 embarks on green energy revolution with solar terminal
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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‧ADT and Urbanloop Join Forces to Explore Sustainable Urban Transport Solutions in the UAE
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 Urges Global Action on UAE Climate Consensus
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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‧ING Appoints Jonathan Keyes to Lead Sustainable Finance in Middle East
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…
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‧Saudi Arabia pushes forward with $10bn green hydrogen investment
Saudi Arabia is positioning itself at the forefront of green hydrogen production, with its Public Investment Fund (PIF) leading a $10 billion push into the sector. As part of Vision 2030, the Kingdom is leveraging its renewable energy resources—chiefly solar and wind power—…
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‧Climate Change Faces Impact from Israel-Gaza Conflict
Escalating hostilities between Israel and Gaza are revealing not only humanitarian crises but also hidden environmental costs that threaten long-term climate stability in the region. As violence intensifies, the ecological impact exacerbates existing challenges posed by cli…
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‧Qatar Electricity and Water Company prepares 500 MW solar project to expand its green portfolio
Qatar Electricity and Water Company (QEWC) has announced its plans to develop a new solar power project with a capacity of 500 megawatts (MW), further reinforcing its commitment to sustainable energy. This venture aligns with Qatar’s broader push toward diversifying energy …
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‧Gulf States Compete for Low-Carbon Metal Production Ahead of EU Tax
Gulf states are rapidly advancing their initiatives to produce low-carbon metals as the European Union prepares to implement its carbon border adjustment mechanism (CBAM). This development represents a significant shift in the region's industrial strategy, focusing on s…
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‧TAQA secures $1.75 billion with dual-tranche bond issuance
Abu Dhabi National Energy Company (TAQA) has successfully priced its $1.75 billion dual-tranche bond offering, continuing its strategy of leveraging debt to support both its business objectives and environmental commitments. The issuance consists of two portions: a seven-ye…
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‧Masdar Sees Rapid Growth in US Renewable Energy Market
Masdar, the renewable energy subsidiary of Abu Dhabi's Mubadala Investment Company, is experiencing accelerated growth in the United States, reflecting the country’s increasing commitment to clean energy. The company's expansion strategy in the US has been underscor…
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‧Abu Dhabi’s ADQ Collaborates with EQTY Lab for ClimateGPT Initiative
Abu Dhabi's Abu Dhabi Holding Company (ADQ) has joined forces with EQTY Lab to introduce ClimateGPT, an innovative artificial intelligence tool aimed at addressing climate change challenges. The collaboration emphasizes the commitment of both organizations to leverage c…
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‧Dubai Airports to Unveil Major Solar Panel Initiative
Dubai Airports is set to embark on an ambitious project to establish the largest rooftop solar panel installation at an airport worldwide. This initiative aligns with the UAE's commitment to sustainability and aims to significantly enhance the energy efficiency of Dubai…
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‧Masdar Planning New Green Bond Launch for 2025
Masdar, the renewable energy subsidiary of Abu Dhabi's Mubadala Investment Company, is gearing up to launch a new green bond as part of its strategic financing efforts aimed at expanding its renewable energy portfolio. Chief Financial Officer, Mohamed Jameel Al Ramahi, …
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‧Abu Dhabi Invites Bids for 1.5GW Al-Zarraf Solar Project
A significant step towards enhancing its renewable energy landscape has been initiated by Abu Dhabi, as it officially announced the launch of a competitive bidding process for the 1.5-gigawatt (GW) Al-Zarraf solar independent power project (IPP). This initiative aligns with…
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‧ADQ Teams Up with EQTY Lab to Advance Climate Solutions
Abu Dhabi Developmental Holding Company (ADQ) has announced a strategic partnership with Swiss artificial intelligence firm EQTY Lab to enhance climate solutions across diverse sectors. This collaboration aims to utilize AI and data analytics to facilitate a sustainable fut…