Clean energy, climate tech, and sustainability solutions
ACWA Power reported around 4 billion riyals in first-half revenue as net profit fell 28 percent, mainly on the absence of last year's one-off development income. But its assets under management and equity both surged, showing real expansion.
Aramco Ventures has led a 9.5 million dollar Series A for India's Mitti Labs, its first India bet. The startup uses satellites and AI to cut methane and water use in Asia's rice fields, an unexpected pairing that fits Aramco's carbon-data interests.
The African Development Bank has approved a 114 million dollar loan for Africa's first EV battery giga factory in Morocco. It is a small slice of a 1.3 billion dollar project, but the early money is designed to pull in far larger capital behind it.
Positive Zero, a Dubai based energy transition platform, has secured a $375 million non recourse financing facility, the first of its kind in the Middle East, to expand solar, efficiency, and clean mobility projects across the Gulf.
British climate tech company Isometric has raised forty million dollars in series A funding led by Dubai Future District Fund. The capital will expand its AI powered carbon removal certification platform. This supports global demand for high quality verifiable climate solutions.
Planno has picked up a strategic investment from Incubayt to sharpen a simple but overlooked idea, which is that the hardest part of rooftop solar is not the panels but knowing which roof to put them on. Its geospatial AI pinpoints the best commercial rooftops to develop.
The relationship between artificial intelligence and energy has entered a decisively new phase, and it now runs in both directions at once. AI is reshaping how power is generated, distributed and traded, while becoming one of the hungriest consumers of electricity ever built.
Qatar's sovereign wealth fund keeps deepening one of its longest standing European bets. The Qatar Investment Authority has agreed to invest around 432 million euros, roughly $490 million, as a cornerstone participant in a major capital raise by RWE, Germany's largest power generation company.
The Arab world's startup conversation tends to orbit the Gulf and Egypt, which is why a modest deal out of Tunisia is worth pausing on. RoboCare, a Tunisian agritech building AI powered precision agriculture tools, has secured a fresh six figure investment from venture firm 216 Capital to expand across Africa and the Middle East.
When Saudi Arabia's flagship investment platform takes its show on the road, the destination says as much as the agenda. This time it was Rome, where the Future Investment Initiative Institute held its PRIORITY Europe Summit, gathering more than 1,600 investors and doubling as a stage for fresh Saudi-European agreements.