Africa Finance Corporation, the continent's leading infrastructure solutions provider, has raised $400 million in a new syndicated loan to support the post-pandemic recovery through critical development of infrastructure.

Aluminium Bahrain (Alba), has inked a Memorandum of Understanding (MoU) with Mitsubishi Heavy Industries EMEA (MHI EMEA), today (January 19) to collaborate on opportunities to reduce Alba’s carbon footprint.

Masdar and Engie, a global player in low-carbon energy and services, have signed a collaboration agreement with Fertiglobe, to co-develop a globally cost-competitive green hydrogen facility in the UAE.

As a step towards building Abu Dhabi as a green hydrogen hub, TotalEnergies is lending its expertise in the energy sector to a Masdar-led initiative focused on green hydrogen to produce sustainable aviation fuel (SAF).

Crossing a milestone in its goal to be net carbon zero by 2030, GAC Bunker Fuels’ Greenhouse Gas (GHG) emissions calculations have been verified by Bureau Veritas UK Limited.

Honeywell will highlight knowledge transfer and training initiatives that support development of local capabilities in line with Saudi Vision 2030 at this year’s In-Kingdom Total Value Add (IKTVA) Forum and Exhibition.

Global technology company Honeywell will be showcasing its advanced solutions that support Saudi Arabia’s long-term strategic objectives related to localisation and sustainability at this year’s In-Kingdom Total Value Add (IKTVA) Exhibition in Dhahran.

Dubai WoodShow, a leading platform for wood and woodworking machinery industry in Mena region, is gearing up for three days of hectic activity buoyed by addition of new dynamic features which will see leading firms close deals worth over $500 million.

Damen, an international shipyard group, has signed its first contract with ballast water treatment systems producer Erma First for the world’s smallest ballast water treatment system.

'THIS TIME IS DIFFERENT'
Elevated oil prices, higher oil production and robust momentum in non-oil activity, buoyed by rapid vaccination inoculations, will see GCC GDP growth sprint at 6.1% in 2022 – fastest pace of cyclical expansion since 2011, a report said.

Dubai Electricity and Water Authority (Dewa) has announced that work is moving at a steady pace on its 250 MW Hatta hydroelectric power plant, with 35 per cent of the project completed. The plant is being set up at an investment of AED1.42 billion.

Johnson Controls, the global leader for smart, healthy and sustainable buildings, has secured a key contract from Abu Dhabi developer Aldar Properties for the replacement and retrofit of HVAC equipment, lighting and other energy-consuming assets.