UAE, Israel Sign Strategic Partnership in Water Security

Khadim Al Darei, Vice-Chairman and Co-founder of Al Dahra Holding Company, and Michael Mirilashvili, CEO and President of Watergen signing UAE-Israeli water security deal. WAM
Khadim Al Darei, Vice-Chairman and Co-founder of Al Dahra Holding Company, and Michael Mirilashvili, CEO and President of Watergen signing UAE-Israeli water security deal. WAM
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UAE, Israel Sign Strategic Partnership in Water Security

Khadim Al Darei, Vice-Chairman and Co-founder of Al Dahra Holding Company, and Michael Mirilashvili, CEO and President of Watergen signing UAE-Israeli water security deal. WAM
Khadim Al Darei, Vice-Chairman and Co-founder of Al Dahra Holding Company, and Michael Mirilashvili, CEO and President of Watergen signing UAE-Israeli water security deal. WAM

Abu Dhabi-headquartered Al Dahra Agricultural Company and Israel’s Watergen have signed a strategic partnership in the field of water security.

The agreement was signed Friday in Abu Dhabi by Khadim Al Darei, Vice-Chairman and Co-founder of Al Dahra Holding Company, and Michael Mirilashvili, CEO and President of Watergen.

The deal aims to establish a strategic partnership between the two sides to produce water from the air, creating a renewable source of pure water for human and agricultural consumption, state news agency WAM reported.

The two sides agreed to establish a permanent center in Abu Dhabi for manufacturing and distributing drinking and irrigation water production equipment.

The agreement was concluded after the UAE company delegation visited Israel in October 2020, following the peace accord between the UAE and Israel, to encourage cooperation and strategic partnerships between the two countries, Al Darei said, noting that the company’s delegation met with representatives of Israeli companies operating in the sectors of agriculture, water and technology.

During the visit, Al Dahra signed a Memorandum of Understanding, MoU, with Watergen covering an advanced technology for producing water from the air, while will help provide large quantities of drinking water, as well as water used in the irrigation of farms, parks, reserves, ranches and remote areas, he added.

"Amidst the concern for environmental issues around the world, especially in the UAE, environmental indexes are now being prioritized by developed countries. Therefore, Al Dahra aims to find sustainable and comprehensive environmental solutions that will protect the environment and support sustainable development programs in the UAE," he stressed.

He explained that the technology will enable many sectors to benefit from a renewable water source and create promising economic solutions for providing environment-friendly water, instead of digging wells or water desalination.

"Our visit to Abu Dhabi is due to the long-awaited Abraham Accord, which was signed by the UAE and Israel to establish stability in the region and normalize the ties between the two countries," Mirilashvili said.

Watergen will showcase its technology in the UAE, to be promoted in the rest of the region, he added, stressing that Watergen’s products will reduce the use of plastics and directly affect the environments of the UAE and other countries.

Watergen, which was founded in 2009, is operates in many countries around the world and aims, through its collaboration with Al Dahra Holding Company, to advance its strategic project to increase productivity and decrease cost. The five-year collaborative project will developed and adjusted to accommodate the UAE desert environment.

Watergen has three main atmospheric water generators, AWGs, depending on the requirements of the situation. Each unit contains an internal water treatment system and can operate without any special infrastructure, which only require an electricity source except a source of electricity.

The large scale AWG is an industrial scale atmospheric water generator designed for towns, villages, factories, off-grid settlements and rural communities, which can produce up to 5,000 litres of water per day. They can also be installed on rooftops, helping to decentralize the supply of safe-drinking water in municipalities that have insufficient water infrastructure.

AWGs of up to 800 litres of water per day and 30 litres of water per day are used in households and offices respectively.



Saudi PIF Backs Multibillion-Dollar Projects to Boost Sustainability

A solar power project in Saudi Arabia (SPA)
A solar power project in Saudi Arabia (SPA)
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Saudi PIF Backs Multibillion-Dollar Projects to Boost Sustainability

A solar power project in Saudi Arabia (SPA)
A solar power project in Saudi Arabia (SPA)

Saudi Arabia’s Public Investment Fund has fully allocated the proceeds of its green bond issuance, directing $9 billion to eligible projects, in a move that highlights the sovereign wealth fund’s growing role in shaping a more sustainable future and delivering lasting positive impact worldwide.

According to a recent report issued by the Public Investment Fund, reviewed by Asharq Al-Awsat, the expected impact of the fund’s eligible green projects includes generating 427 megawatts of renewable energy, avoiding emissions equivalent to 5.1 million tons of carbon dioxide, and treating 4 million cubic meters of wastewater.

The Public Investment Fund aims to establish itself as an active participant in global debt markets, while also fostering the development of a dynamic domestic market. This would enable the fund to access short- or long-term liquidity through a diverse range of financing instruments.

Financing strategy

The fund’s capital markets program aims to further strengthen its financing strategy and execution capabilities, both at the level of the Saudi sovereign wealth fund and across its portfolio companies, while enabling deeper engagement with global and local debt markets.

The program will also support expanding the fund’s capacity to raise debt and deploy it as a source of investment financing, in line with its overall funding strategy. This approach is designed to instill greater discipline in cash flow management and enhance returns on equity for the fund and its portfolio companies.

The green bond issuance will provide the fund with access to a broader pool of investors who prioritize environmental, social, and governance considerations in their investment decisions. It will also allow investors to diversify their portfolios through green assets, a step expected to help accelerate the pace of green investment globally.

Climate change

The fund has taken concrete steps to advance governance and policy, focusing on sustainability, and is a founding member of the One Planet Sovereign Wealth Funds initiative. This international platform aims to accelerate the integration of climate change considerations into asset management decisions and investment opportunities.

As an investment vehicle, the Public Investment Fund operates through acquiring stakes in companies aligned with its mandate, including ACWA Power and Lucid.

It has also established the Saudi Investment Recycling Company, a leader in waste management and recycling, manages the National Energy Services Company, Tarshid, and supports the creation of a voluntary carbon market in the Middle East and North Africa.

These efforts aim to strengthen Saudi Arabia’s position as one of the world’s most energy-efficient countries.

The green bond issuance will finance tangible projects on the ground, helping to accelerate the green transition and advance the Kingdom’s core targets of achieving net zero emissions by 2060 and generating 50 percent of electricity consumption from renewable energy sources by 2030.

This forms a key pillar of the renewable energy program implemented by the fund, which involves developing 70 percent of renewable power generation capacity.


Saudi E-Commerce Hits Record Monthly Sales over SAR30.7 Billion in October

A view of Riyadh, Saudi Arabia. (SPA file)
A view of Riyadh, Saudi Arabia. (SPA file)
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Saudi E-Commerce Hits Record Monthly Sales over SAR30.7 Billion in October

A view of Riyadh, Saudi Arabia. (SPA file)
A view of Riyadh, Saudi Arabia. (SPA file)

E-commerce sales in Saudi Arabia via "mada" cards soared to an all-time monthly high in October 2025, surpassing SAR30.7 billion.

The surge in sales represents a 68% year-on-year increase, totaling about SAR12.4 billion more than the SAR18.3 billion recorded in October 2024, according to the Saudi Central Bank (SAMA) statistical bulletin on Wednesday.

E-commerce sales for the third quarter (Q3) of 2025 hit SAR88.3 billion, up 15.2% from the previous quarter, representing an increase of about SAR11.6 billion over the SAR76.6 billion recorded in Q2.

On a monthly basis, e-commerce sales in October rose 6%, gaining approximately SAR1.6 billion over September’s total of SAR29.1 billion.

From January to October, "mada" data showed e-commerce sales grew 47.3%, rising by around SAR9.9 billion over the SAR20.9 billion recorded in January.

These figures cover transactions made via "mada" cards on e-commerce websites, apps, and digital wallets, and do not include credit-card payments.


Jeddah's King Abdulaziz Airport Launches First Direct Flight to Moscow

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
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Jeddah's King Abdulaziz Airport Launches First Direct Flight to Moscow

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)

Jeddah's King Abdulaziz International Airport (KAIA) celebrated the launch of its first direct flynas flight to Moscow, operating three weekly flights between Jeddah and Vnukovo International Airport.

This initiative, in partnership with the Saudi Tourism Authority and the Air Connectivity Program, boosts air links between Saudi Arabia and Russia.

It marks KAIA's third direct Russian destination, following Makhachkala and Mineralnye Vody, which were inaugurated earlier this month by Azimuth Airlines.

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location.