Middle East & North Africa

Mubadala acquires strategic stake in AirCarbon Exchange

The Abu Dhabi sovereign wealth fund invested in ACX, which is establishing a carbon trading exchange and carbon clearing house in Abu Dhabi Global Market (ADGM).

150 150 Trove Intelligence

Dubai Islamic Bank sells $750m in debut sustainable sukuk

The five-year sukuk is the debut green Islamic bond for the United Arab Emirates, in a sale arranged by local, regional and international banks.

150 150 Trove Intelligence

New carbon credits to be issued for rice drip irrigation

The Israeli drip irrigation company Netafim announced Friday its first carbon credit initiative for global rice growers.

150 150 Trove Intelligence

UAE using role as COP28 host to lobby on its climate reputation

The United Arab Emirates (UEA) hired PR firm to use its role as the host of next year’s UN climate conference to launder its international reputation.

150 150 Trove Intelligence

Turkey boosts GHG emissions reduction target for 2030

Turkey will aim to bring its greenhouse gas (GHG) emissions 41% below business-as-usual levels by 2030, raising the target from 21%.

150 150 Trove Intelligence

UAE technology firm e& pledges to net-zero operations by 2030

The group said it would reduce its carbon footprint through improving energy efficiency and sourcing renewable energy among other initiatives

150 150 Trove Intelligence

UAE releases net-zero plan, plans deeper emissions cut

The UAE has laid out a pathway to net-zero by 2050 that implies a deeper reduction in emissions by 2030 than envisaged under its updated NDC, released in September.

150 150 Trove Intelligence

Kuwait pledges net zero emissions by 2060

Kuwait announced the emirate's intention to work towards net-zero, making it the fifth Gulf Co-operation Council (GCC) country to set a net-zero goal

150 150 Trove Intelligence

Saudi Arabia’s sovereign wealth fund auctions 1.4m credits

The Middle East's first carbon credit auction saw Saudi Aramco as largest buyer, just three weeks after the sovereign wealth fund raised its first $3Bn green bond.

150 150 Trove Intelligence

Saudi Arabia’s ACWA Power will invest $10Bn in South Africa

The CEO of the state-owned utility has announced it will invest $5Bn in renewable energy and $5Bn in hydrogen over the next 5 years.

150 150 Trove Intelligence

Oman aims to achieve net-zero carbon emissions by 2050

The Sultanate is the latest Gulf country to make a commitment, in line with Oman's 2040 Vision and the setting up of the Oman Centre for Sustainability.

150 150 Trove Intelligence

Egypt awarded $400m infrastructure financing by World Bank

The country will use the fund to finance a railway bypass around the congested Greater Cairo region for freight going from South to North.

150 150 Trove Intelligence
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