Ahmed Abdelaal, Mashreq Bank CEO, says the Middle East “still at the very nascent stage” of the climate “transformation.” …
The DFSA waives regulatory fees on ESG listings on Nasdaq Dubai
Dubai, UAE: The Dubai Financial Services Authority (DFSA) announced it will waive all regulatory fees for issuers wishing to list sustainability-related debt securities in the Dubai International …
New World Bank chief hails COP28 momentum as climate pledges mount
Mr Ajay Banga says he is working with the private sector to unlock billions of dollars for climate action. Read more at straitstimes.com.
UAE firms keen on investing in infrastructure, finance sectors in Vietnam
The UAE business executives pinned their hopes on the official signing of the Vietnam – UAE Comprehensive Economic Partnership Agreement …
Video: Landmark Health Day at UAE’s COP28 unites nations, donors in Dubai for climate and health priorities
UAE Minister of Health and Prevention … Axel van Trotsenburg, the World Bank’s senior managing director, said climate change is not only making people sick and killing people. “What has not been …
UAE’s Purehealth seeks to raise Dhs3.62bn from IPO
PureHealth played a pivotal role in screening for Covid-19 infections in the UAE, and its IPO has been in the works for years, according to a Reuters report. First Abu Dhabi Bank is the lead manager …
DIFC drives Dubai’s emergence as global hub for sustainable finance
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, on Sunday announced the launch of its Sustainable Finance …
DIFC’s strategic initiatives drive Dubai’s emergence as a global hub for sustainable finance fundraising, leadership, innovation and capacity building
DIFC launches Sustainable Finance Catalyst to scale sustainable finance from Dubai enabled by first AI-driven sustainability knowledge hub. Sustainable Finance Catalyst set to grow sustainable finance …
UAE Renews USD 1 Billion Deposit at Central Bank of Egypt
The United Arab Emirates (UAE) has extended a multi-billion dollar deposit with the Central Bank of Egypt (CBE) for an additional three years. Arab nations now contribute to more than 40% of Egypt’s …
Phoenix Group PLC’s Landmark IPO: A Testament to Strategic Vision and Market Confidence
The initial public offering of Phoenix Group PLC, which put forward 907,323,529 shares, has been met with an enthusiastic response that has far exceeded expectations, culminating in a demand that …
Smog obscures Dubai skyline on ‘Health’ day at COP28 climate summit
Dubai’s glitzy skyline was obscured by a blanket of smog rated … Indonesia and the Asian Development Bank agree to deal to shutter coal-fired power plant early Indonesia and the Asian Development …
UAE To Allocate More Than Hundred Million USD For Water Shortage Solution
( MENAFN – Trend News Agency) BAKU, Azerbaijan, December 3. The United Arab Emirates (UAE) will allocate $150 million to solve problems related to the shortage of water resources, was reported in the …
European Investment Bank, Bank of Kigali outline EUR 100m plan to enable Rwandan farmers adapt to climate change
New agriculture and agri-business climate finance to support farmers and agri-businesses prepare for extreme weather, increased drought and increased rains Largest ever EIB backing for business …
World Bank offers to host Lost and Damage Fund: Senior Managing Director
“World Bank has offered to host the Lost and Damage Fund, so we’ll work very closely with the United Nations Framework Convention on Climate Change (UNFCC) to create that fund,” according to a World …
Vice President Kamala Harris announces new funding for climate action at a summit in Dubai
Vice President Kamala Harris announces new funding for climate action at a summit in Dubai Harris said the U.S. would pledge another $3 billion to the Green Climate Fund, the main finance vehicle to help developing nations adapt to the climate crisis and cut fossil fuel pollution.
UAE looks to sustainable finance to boost transition
To meet this demand, Jodi Norman and Will Tunstall-Prince explain how recent reforms are now putting sustainable finance at the heart of the UAE’s energy transition strategy. On the face of it …
UAE consumers now want their banks to have ‘green’ credentials: Visa survey
They would not mind taking inputs from banks on how to spend in sustainable ways Shoppers in the UAE have been quick to opt for sustainable products and merchandise that are seen as doing their …