News

PNRR plans: Rfi tenders – 4.6 billion awarded, 5.1 underway and another 6.8 to be launched

24/11/2022

It is a monstrous job that is being done by Rete Ferroviaria Italiana (Rfi) during 2022: 14 billion in negotiating activity for the NRPR, which rises to 19 billion if other strategic works outside the Plan (e.g., those that are commissioned) are also considered. Moreover, for many of the tenders launched, the work has been […]

Superbonus, over 50 thousand construction sites in Lombardy for 9.2 billion. But the housing system has lost 2,100 businesses in the past year

24/11/2022

Over 50 thousand construction sites started, first in Italy. Works admitted for 9.2 billion, concluded for 6.8 billion. These are the numbers of the 110% Superbonus, the tax incentive for energy efficiency and earthquake-proofing, in the Region. Processing them is Cna Lombardia, right in the hours when the race to grab the 110% bonus is […]

Edison, new agreement to increase renewable energy in portfolio

24/11/2022

The Power Purchase Agreement (Ppa) with Chiron Energy has a term of 10 years. The plants will come into operation in the first half of 2023 and in total will produce about 45 GWh annually, able to cover the needs of 16 thousand households and avoid the emission of more than 35 thousand tons of […]

Tunisia: New System For Mobile Payments Kicks Off

24/11/2022

Tunisia’s Central Bank has announced the launch of a new digital solution to further promote electronic payments in Tunisia. The Bct specified that the new platform, administered by Tunisia’s Monetics company, will enable any citizen to access electronic means of payment via cell phone, cards, and transfers. The solution will offer electronic payment services to […]

The Libyan Post-Oil Era: The Challenges and Opportunities of Energy Transition

24/11/2022

In the aftermath of the Arab Spring, Libya witnessed a period of instability and political polarization. The rise of uncontrolled armed militias challenging the central government forced several international oil companies to leave the country in 2011, while production volumes fell to a 30-year low in 2013 reaching 1 million oil barrels a day.Libya has […]

Baladna explores investment opportunity in Algeria

24/11/2022

Baladna said Wednesday that they are exploring an investment opportunity in Algeria, in the field of dairy products. The company said in a press release on Qatar Stock Exchange’s website that a delegation from the company visited Algeria to study the possibility of future investment and ways of mutual cooperation with the Algerian government, as an […]

DIB successfully prices $750m inaugural Sustainable Sukuk

23/11/2022

Dubai Islamic Bank (DIB), rated A3 by Moody’s and A by Fitch, has successfully priced its inaugural Sustainable Sukuk, a landmark $750 million 5-year senior issue with a profit rate of 5.493% per annum. The issue represents a spread of 155bps over 5-Year US Treasuries.  The Sukuk was issued in line with DIB’s Sustainable Finance […]

EMICOOL signs agreement to increase solar capacity by 238%

23|11|2022

Emirates District Cooling Company (EMICOOL), a joint venture between Dubai Investments, a leading investment company listed on the Dubai Financial Market (DFM) and Actis LLC, a leading global investor in sustainable infrastructure, has signed a Power Purchase Agreement with Emirates Electrical Engineering (EEE), one of the solar market leaders in the UAE.  The agreement confirms the […]

Dubai Islamic Bank sells $750mln in debut Sustainable Sukuk

23/11/2022

Dubai Islamic Bank sold $750 million of its debut sustainable Islamic bond on Tuesday, a bank document showed. The sukuk, which mature in five years, were sold at 155 basis points (bps) over U.S. Treasuries, tightened from initial guidance of around 175 bps over after demand topped $1.6 billion, the document showed. Bank ABC, Dubai […]

Emirates REIT to meet certificate holders after new sukuk terms agreed

23/11/2022

Dubai-based real estate investor Emirates REIT has received sufficient support to proceed with the new terms of its $400 million sukuk. The new terms, announced earlier this month, involve exchanging every $1,000 in cash for a new certificate of $950 and $50 in cash, and received support from a group certificate holders.  Emirates REIT said it […]

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