Abu Dhabi-headquartered Sweihan PV Power Co lands over $700m via green bonds to refinance debts

Abu Dhabi-based solar energy firm Sweihan PV Power Co (SPPC) has raised $700.8 million via green bonds in view of refinancing existing debts, Zawya reports. The company issued secured bonds with the coupon sold at rate 3.625 percent. The company Read more

UK, Egypt pledge to accelerate fight against climate change

United Kingdom and Egypt Saturday vowed to cooperate on climate change as the current and incoming presidencies of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP), reports say. “We affirm our joint commitment to Read more

Yemen: UN Security Council Slams Houthis’ Seizure of Emirati Ship

The UN Security Council condemned Friday the seizure by the Houthis of an Emirati ship, while calling for its “immediate release.” In a statement adopted unanimously, the Fifteen members also stressed “the importance of freedom of navigation in the Gulf Read more

IHC Food Holding acquires controlling stakes in Abu Dhabi Vegetable Oil Company

IHC Food Holding, a subsidiary of International Holding Company (IHC), has acquired 75 per cent of Abu Dhabi Vegetable Oil Company (ADVOC), IHC has announced, Zawya reports. The conglomerate did not provide details on the operation but indicated that the Read more