Latest news with #sustainableinvestment
Zawya
4 days ago
- Business
- Zawya
Sharjah to host 29th World Investment Conference in partnership with WAIPA and UAE Ministry of Investment
Taking place from October 22 to 24 at Expo Centre Sharjah and held under a joint agenda with Sharjah Investment Forum 2025 Bodour Al Qasimi: Hosting the 29th edition of WIC in Sharjah reflects international confidence in the emirate's status as a leading destination for responsible and sustainable investment. Mohamed Alsuwaidi: This collaboration highlights our shared ambition to deepen cross-border partnerships and drive inclusive, sustainable economic growth. Mohamed Al Musharrkh: Convening global investment institutions in Sharjah unlocks diverse pathways for local and regional business communities James Zhan: The conference is set to take place at the right time, in the right location, and with the right partners The forum is the one of the most prominent events in the international business community Organised in conjunction with the 30th anniversary of World Association of Investment Promotion Agencies (WAIPA) To feature high-level sessions, ministerial meetings, and discussions between ambassadors and investment officials Sharjah: In a significant step that underscores the UAE's prominence on the global investment map, the Sharjah FDI Office (Invest in Sharjah), in collaboration with the World Association of Investment Promotion Agencies (WAIPA) and the UAE Ministry of Investment, has announced the 29th edition of the World Investment Conference (WIC). Marking its debut in Sharjah, the event will be conducted under a shared agenda with the Sharjah Investment Forum (SIF), which will take place from October 22 to 24 at Expo Centre Sharjah. This international collaboration was officially formalised through a 'Host Agreement' in the presence of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq), H.E. Mohamed Hassan Alsuwaidi, UAE Minister of Investment, and Dr. James Zhan, Chairman of the Executive Board of the World Investment Conference (WIC). Signatories to the agreement included H.E. Mohammad AbdulRahman Alhawi, Undersecretary of the UAE Ministry of Investment; H.E. Mohamed Juma Al Musharrkh, CEO of Invest in Sharjah; and Ismail Ersahin, Executive Director and CEO of WAIPA. Commenting on the strategic significance of the event, Sheikha Bodour Al Qasimi said: 'Hosting the 29th edition of WIC in Sharjah reflects international confidence in the emirate's status as a leading destination for responsible and sustainable investment and underscores its readiness to convene global discussions focused on directing capital towards tangible development goals.' 'In Sharjah, we believe that the future of investment depends on striking a balance between economic growth and social development. For this reason, we are committed to ensuring that the international platforms we host provide opportunities to build partnerships that facilitate knowledge exchange, promote innovation, and deliver meaningful impact for both communities and markets,' she added. A milestone marking WAIPA's 30th anniversary The decision to host the 29th edition of the WIC in Sharjah holds particular importance as it coincides with the 30th anniversary of WAIPA. This milestone adds a commemorative element to the event, recognising three decades of advancing global investment and underscoring the critical role of investment promotion agencies in shaping both regional and international economic landscapes. His Excellency Mohamed Hassan Alsuwaidi, UAE Minister of Investment said: 'The World Investment Conference taking place in Sharjah reflects the UAE's enduring commitment to shaping the global investment agenda. As WAIPA marks its 30th anniversary, this collaboration highlights our shared ambition to deepen cross-border partnerships and drive inclusive, sustainable economic growth.' Commenting on the collaboration, H.E. Mohamed Juma Al Musharrkh highlighted that hosting global investment institutions in Sharjah will unlock a wide range of opportunities for local and regional business communities, facilitating greater access to expansive networks of cross-border partnerships. He stressed that the collaboration underscores Invest in Sharjah's ongoing commitment to equipping investors with the tools necessary for sustainable growth, while fostering a flexible and scalable development environment that adapts to evolving market dynamics and responds to both current opportunities and future challenges. In this context, Ismail Ersahin, Executive Director and CEO of WAIPA said 'Investment promotion agencies are the architects of global economic connectivity — they bridge nations, ideas and capital to generate lasting impact. As WAIPA marks its 30th anniversary, we are proud to bring the World Investment Conference to Sharjah,'. 'This conference is not just a celebration of WAIPA's legacy, but a platform for meaningful collaboration between the public and private sectors, where investors are matched with opportunities. Sharjah's hosting of WIC 2025 reflects its growing leadership in global investment discourse and its commitment to shaping the next era of responsible, resilient investment.' he added. Dr. James Zhan, Chairman of the Executive Board of the World Investment Conference emphasized that the Conference is set to take place at the right time, in the right location, and with the right partners. He highlighted Sharjah as a unique and strategic destination for foreign direct investment. As a regional leader in attracting FDI, the UAE continues to strengthen its position among the world's top 15 investment destinations. The World Investment Conference arrives at a pivotal moment. In the face of global economic uncertainty and market volatility, the Conference aims to address pressing challenges while exploring new opportunities. It will serve as a vital global forum—bringing together the international investment community to shape a forward-looking strategy. It will chart a new path for promoting sustainable investment and shared prosperity in the new era of global economy. Sharjah's status on the global investment stage By hosting this prestigious global forum in tandem with SIF 2025, Sharjah reaffirms its status as a strategic regional hub for high-quality, sustainable investment. It also reflects the advancement of a dynamic environment that fosters innovation, expansion, and cross-border partnerships within the UAE's markets. The emirate provides a forward-looking business environment that fosters innovation, cross-border collaboration, and growth; and has emerged as a model for competitive business ecosystems, underpinned by advanced infrastructure, progressive regulatory frameworks, and an economic vision grounded in diversity and sustainability. About Sharjah Investment Forum: Since 2015, Invest in Sharjah has organised the Sharjah Investment Forum, establishing it as a leading regional platform for tracking global investment trends, identifying opportunities within the sustainable economy, and aligning with the direction of international capital and markets. Over the years, the forum has attracted prominent decision-makers, experts, and global investors, facilitating strategic discussions that support the development priorities of Sharjah, the UAE, and the wider region. Its integration of WIC reflects a strategic approach to enhancing its impact, widening the scope of discussions, and fostering meaningful partnerships across sectors and borders. About World Investment Conference: Since its inception in 1995, WIC has been the flagship event of WAIPA, serving as a premier platform for dialogue on global investment trends. It brings together decision-makers, senior government officials, and international investors from over 100 countries to examine key economic developments that affect FDI flows and explore new avenues for global cooperation and economic integration. The agenda includes high-level plenary sessions, ministerial roundtables, ambassador-investor discussions, and networking activities that foster collaboration between the public and private sectors. Video link:
Zawya
26-05-2025
- Business
- Zawya
Tahoun Legal Consulting says Egypt intends to increase green investments to $14.7bln in FY2024/25
Arab Finance: Egypt is seeking to increase investments allocated for green projects to 50% of the total public investments in fiscal year (FY) 2024/2025, with a total estimated value of nearly $14.7 billion, Nermeen Tahoun, Founding Partner of Tahoun Legal Consulting, announced. Tahoun highlighted the government's plans during her participation in the Arab Sustainability Expo, held under the auspices of the Arab League. She added that Egypt plans to increase this percentage to 75% by 2030, per the Environmental Sustainability Standards Guide, across all general budget projects. This mover aligns with Egypt's commitment to driving the transition towards a green economy that anchors its position as a regional hub for clean energy and attracts more international investments. The green investments cover multiple sectors, including renewable energy relying on clean sources, like solar and wind, sustainable transportation, as well as the monorail projects in the New Administrative Capital (NAC) and 6th of October City. Green projects also include water resource management, seawater desalination, irrigation system upgrades, and development of solid waste management systems. Tahoun highlighted that foreign direct investments (FDI) in the green hydrogen sector reached nearly $215.5 billion across 33 projects. She reflected on the Ras Shuqair project, which is valued at $7.7 billion and executed in partnership between the Red Sea Ports Authority, the New and Renewable Energy Authority (NREA), and several companies. This project will have an annual production capacity of one million tons of green ammonia over three phases starting in 2029. Meanwhile, the private sector investments in renewable energy projects stand at around $4.4 billion, with plans to attract $12 billion in Indian investments in green hydrogen and renewable energy projects. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
19-05-2025
- Business
- Yahoo
Capital Leasing secures $5m green loan from EBRD to support MSMEs in Jordan
Capital Leasing has signed a US$5 million loan agreement with the European Bank for Reconstruction and Development (EBRD) under the Green Economy Financing Facility (GEFF) in Jordan. The financing package includes US$1.25 million in co-financing from the Green Climate Fund (GCF), according to the EBRD. This is the first GEFF facility signed with a leasing company in Jordan and the seventh GEFF financing agreement in the country overall. The loan aims to expand access to finance for Jordanian micro, small and medium-sized enterprises (MSMEs) investing in climate mitigation and adaptation technologies. Targeted beneficiaries include businesses and individuals in sectors such as energy services, technology supply, manufacturing and maintenance. Financing will support investments in climate-resilient and low-carbon technologies. The facility is supported by a grant of up to €560,000 from the European Union (EU) to promote the adoption of green technologies among MSMEs and households. The EU grant will support awareness raising and provide access to technical tools and green equipment. Capital Leasing will also receive technical assistance co-funded by the EBRD, EU and GCF. This includes support for implementation and monitoring of the facility and training programmes for Capital Leasing and its sub-borrowers on climate adaptation and technology deployment. The agreement was signed during the EBRD's Annual Meeting in London by Francis Malige, EBRD Managing Director, Financial Institutions, and Tamer Ghazaleh, Chairman of Capital Leasing. Capital Leasing is a subsidiary of Capital Bank of Jordan and provides financial leasing services to retail, SME and corporate clients across sectors, including vehicles, equipment and real estate. Since 2012, the EBRD has invested over €2.3 billion in Jordan across 75 projects. Around 70 per cent of this funding has supported the private sector, including through MSME lending and trade finance facilities. "Capital Leasing secures $5m green loan from EBRD to support MSMEs in Jordan" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Nextensa: Results on Q1 2025
REGULATED INFORMATIONBrussels, 19 May 2025, 7:30 AM RESULTS ON Q1 2025 HIGHLIGHTS STRONG START TO 2025Nextensa has started 2025 with momentum, completing three strategic transactions that decisively implement its sustainable investment strategy and position the company for a new phase of growth, greater value creation potential, and strengthened market position.• The sale of the Knauf Shopping Centers, on 13 February 2025, marked an important step in the reorientation of the portfolio towards assets with greater growth potential. This transaction reinforces Nextensa's financial strength and creates room for targeted investments. The two Knauf Shopping Centers (Knauf Pommerloch & Knauf Schmiede) were sold to the Wereldhave group for a total amount of € 165.75 M.• On 2 April, the outcome of Proximus' RfP process for a new Brussels campus was officially announced. Proximus' decision to establish its headquarters at Tour & Taxis confirms the attractiveness and strategic importance of this site, as a sustainable and innovative urban development. The arrival of Proximus ensures long-term rental income with a full pre-letting of the office section of Lake Side, the final phase of the Tour & Taxis urban development.• With the acquisition of the Proximus Towers in Brussels' North district, Nextensa is strengthening its position in the segment of high-quality office buildings and landmark assets. These iconic towers, known for their architectural and commercial value, fit perfectly with Nextensa's long-term vision of investing in premium locations with strong sustainable value. The transaction was signed on 2 April for an amount of € 62.5 M. INVESTMENTS PROPERTIES• Like-for-like rental income increased by 9% in the first quarter of 2025, supported by the continued strong performance of the Tour & Taxis site and the contribution of major renovations such as Moonar (Luxembourg) and Vösendorf 16 (Austria). However, nominal rental income for Q1 2025 is lower (-10.2%) compared to the same period in 2024 due to asset disposals carried out in 2024 and early 2025.• Property operating costs decreased by 3% compared to the same period last year. DEVELOPMENT PROJECTS• Cloche d'Or:On 18 March, the foundation stone of the office building 'The Stairs' was laid. The delivery of the building and the completion of the sale to State Street are expected by the end of Q1 2026. Despite a slowdown in residential sales in Luxembourg, only 17 apartments remain unsold at the Cloche d'Or site.• Tour & Taxis:With an average sales rate of 2 apartments per week during the first quarter of 2025, 322 out of 346 apartments in Park Lane Phase II had been sold by the end of the quarter. NET RESULTThe net result (Group share) amounts to € 7.8 M, or € 0.77 per dividend-entitled share, compared to € 7.0 M or € 0.70 per share at the end of the first quarter of 2024. ACTIVE FINANCIAL MANAGEMENT• The average cost of financing decreased from 2.86% to 2.79%, supported by the interest rate hedging strategy and the reduction in financial debt.• The sale of the Knauf shopping centers brought the net LTV ratio below 40%, thereby strengthening the balance sheet to support future development projects. About NextensaNextensa is a mixed-use real estate investor and company's investment portfolio is spread across the Grand Duchy of Luxembourg (43%), Belgium (42%) and Austria (15%); its total value of approximately € 1.1 billion as at 31/03/ a developer, Nextensa is primarily active in shaping large urban developments. At Tour & Taxis (development of over 350,000 sqm) in Brussels, Nextensa is building a mixed real estate portfolio consisting of a revaluation of iconic buildings and new constructions. In Luxembourg (Cloche d'Or), it is working in partnership on a major urban extension of more than 400,000 sqm consisting of offices, retail and residential company is listed on Euronext Brussels and has a market capitalisation of € 414M (value 31/03/2025). For more informationTim Rens | Chief Financial OfficerNextensa NV | 0436.323.915 (RLE Brussels, Dutch-speaking division)Gare Maritime, Picardstraat 11, B505, 1000 Brussels+32 2 882 10 08 | Attachment 19 05 25_Nextensa Interim Statement Q1 results 2025_EN
Zawya
18-05-2025
- Business
- Zawya
EBRD, EU and GCF accelerate private-sector green financing in Jordan
EBRD, EU and GCF lend US$ 5 million to Capital Leasing in Jordan First loan to a leasing company under the Green Economy Financing Facility in Jordan Funds to promote Jordanian private-sector investments in energy and resource-efficiency technologies The European Bank for Reconstruction and Development (EBRD) is providing Capital Leasing with a US$ 5 million loan under the Green Economy Financing Facility (GEFF). This includes US$ 1.25 million of co-financing from the Green Climate Fund (GCF). The loan to Capital Leasing marks the first to be signed in Jordan to a leasing company under the GEFF regional programme in Jordan, and the seventh GEFF facility to be signed in the country overall. The facility will mean easier access to finance for Jordanian micro, small and medium-sized enterprises (MSMEs) investing in climate mitigation and adaptation technologies – for example, individuals and private companies working in energy services, or as technology suppliers, producers and service providers. The European Union (EU) is providing a grant of up to €560,000 to accelerate climate adaptation and mitigation technologies and services by local MSMEs and households. This grant will provide eligible sub-borrowers with access to dedicated green finance tools, equipment and solutions as well as awareness raising to encourage the sub-borrowers to prioritise greener technologies within their businesses. Capital Leasing will also benefit from a technical cooperation package funded by the EBRD, EU and GCF that will go towards implementation and monitoring of the facility. The eligible sub-borrowers and Capital Leasing will have the chance to take part in training on climate change mitigation, on-lending and adaptation technologies among MSMEs and retail clients. The signing ceremony was held during the EBRD's Annual Meeting in London and was signed by the EBRD's Head of Financial Institutions, Francis Malige, and Chairman of Capital Leasing, Tamer Ghazaleh. 'Climate action requires collaboration and innovation,' explained Francis Malige. 'It also requires patient, relentless focus, one investment at a time. Through this facility with Capital Leasing, and with the unwavering support of the EU and the GCF, we are empowering Jordanian entrepreneurs and small businesses to lead the way in adopting climate-smart technologies." Tamer Ghazaleh commented: 'We are honoured to partner with the EBRD, the EU and the GCF on this milestone initiative. This facility will enable us to extend green financing to a wider base of businesses and individuals across Jordan, supporting innovation and sustainability in key sectors. At Capital Leasing we are committed to playing an active role in driving the country's transition to a greener and more resilient economy.' Henrike Trautman, European Commission Director for the Middle East said: 'This new partnership is a tangible example of how the European Union is translating its climate ambitions into action — by enabling local businesses and households in Jordan to access affordable green financing. With this support, we are not only fostering a more sustainable and resilient private sector but also helping Jordan advance its green transition in a way that benefits communities and protects the environment.' Capital Leasing is fully owned by Capital Bank of Jordan and specialises in providing financial leasing services to retail, corporate and SME clients. It offers financing across various sectors and industries for assets such as passenger and commercial vehicles, equipment and plant machinery, and real estate. Since 2012 the EBRD has provided more than €2. 3 billion through 7 5 projects in Jordan, of which 70 per cent are in the private sector, including financial support to the Jordanian banking sector through MSME loans, subordinated debt and trade finance facilities.
