The Industrial Development Bank of Türkiye (TSKB) has secured a €50 million loan from the OPEC Fund [1] for International Development (OPEC Fund) to support the growth of Turkey’s renewable energy sector. This financing agreement, the first collaboration between TSKB and the OPEC Fund, aims to accelerate Turkey’s transition to a low-carbon economy by funding […]
The Gulf Cooperation Council (GCC) region is witnessing a surge in electricity investment, driven by ambitious renewable energy targets, according to a recent report by Fitch Ratings [1]. The report highlights that the growth in investment is primarily supported by the GCC’s commitment to increasing the share of renewable energy and improving the efficiency of […]
Saudi Arabia is making significant strides towards its ambitious goal of generating 50% of its energy from renewable sources [1] by 2030. This initiative is a key component of the Kingdom’s Vision 2030, which aims to diversify the economy and reduce its dependence on oil. The Saudi Green Initiative, launched by Crown Prince Mohammed bin […]
To boost European businesses against US and Chinese competition, the European Commission intends to relax regulations concerning company sustainability reports and supply chain transparency. This deregulation, dubbed the “Simplification Omnibus,” is part of a larger reform package designed to support European companies. The package also includes incentives for industries to reduce their carbon footprint and […]
French Minister Marc Ferracci said on Thursday that Europe’s steel sector needs to be better protected from cheap imports as current measures seem insufficient. European steel producers are struggling with weak demand and a surge of low-cost imports from Asia, as China’s massive overcapacity floods global markets, prompting producers to shift excess supply to Europe. […]
Jindal Steel made an offer to the troubled Italian Steelmaker to about €4 billion ($4.2 billion), seeking to outbid rivals from Azerbaijan, people familiar with the matter acknowledged. Jindal’s latest proposal to the Italian government offers a payment of about €1 billion for the asset, along with around €3 billion to revamp the main steel […]
Positive Zero, the Middle East’s leading decarbonization and energy transition provider, has reported record growth over the past year [1]. Since aligning with BlackRock, the world’s largest asset manager, in December 2023, Positive Zero has doubled its earnings and nearly tripled its capital expenditure on projects. The company says that they have significantly expanded its […]
