The Asian Development Bank (ADB) said on Monday it will allot $10 billion in climate finance for the Philippines between 2024 and 2029. The funds will help the Philippines implement its commitments to climate action under the Paris Agreement,
UAE Banks Pledge USD 270 Bn In Sustainable Finance
The United Arab Emirates Banking Federation announced this Monday (04) that the country’s banking sector will mobilize AED 1 trillion (about …
UAE National Banks’ Pledge To Mobilise Over AED 1 Trillion In Sustainable Finance, Reaffirming UAE Leadership’s Goals: UBF
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Emirati Banks Top COP28 Green Finance Pledges
Climate finance is one of the hot topics of this year’s COP28 conference in Dubai. On Monday, the United Arab Emirates’ banking sector took center stage when it pledged to mobilize over $270 billion in green finance by 2030. “Banks in the region …
UAE’s First Abu Dhabi Bank commits $135bln in sustainable finance by 2030
The UAE’s largest bank, First Abu Dhabi Bank (FAB), on Tuesday … and represents the “largest sustainable finance commitment made by any MENA bank to date”, FAB claimed in a statement on Tuesday. The bank will expand its target to include transition …
Phoenix Group PLC Celebrates Historic IPO on Abu Dhabi Securities Exchange
Phoenix Group PLC’s public debut on ADX represents a significant leap in innovation and growth for the tech and blockchain sector. The IPO marks a major achievement in the history of the Middle East’s …
Crypto firm Phoenix rising after Abu Dhabi $370m IPO
Phoenix Group’s initial public offering (IPO), demonstrates strong market confidence with a remarkable 33 times oversubscription, amassing $370m. The offering attracted significant attention from …
National Bank of Fujairah shares insights into sustainable finance and ESG strategies through its knowledge-sharing platform
Experts in sustainability and Islamic finance help NBF customers and delegates navigate the transition to net-zero, in the ‘Year of Sustainability’ for the UAE
Wio Bank PJSC the first bank to launch Mastercard Carbon Calculator in EEMEA
The Carbon Calculator enables the bank to provide customers with carbon footprint data and insights about the impact of their purchases
UAE banks to allocate USD200B to finance sustainability, environmental projects
At the United Nations Climate Change Conference (COP28) in Dubai on Monday, Abdul Aziz Al Ghurair, Chairman of the UAE Banks Federation, made a signi
From Dh1,500 refund to 74% discount: UAE residents report 3 new scams they nearly fell for
A phone call claiming your bank account was frozen or you won a raffle you didn’t join. An SMS saying you have a package waitin..
UAE National Banks’ pledge to mobilise over AED 1trln in sustainable finance, reaffirming UAE leadership’s goals: UBF
UAE Banks Federation (UBF), the sole representative and unified voice of banks in the UAE, reaffirmed its commitment to support UAE’s goals by pledging to mobilise over AED 1 trillion, which represents more than US$ 270 billion,
Curbing powerful methane emissions is big focus at COP28 climate summit
At the global climate summit this weekend, the Environmental Protection Agency unveiled final rules to cut methane from oil and gas operations. The agency estimates it will cut 58 million tons of methane emissions from 2024 to 2038.
My Dubai Salary: ‘I earn up to Dh30,000 a month as a FinTech co-founder’
Sulochana Betwala is the chief operating officer and co-founder of digital payment app Totl, which helps customers and businesses through cashback rewards and e-vouchers. Totl is based in the Dubai …
Critics rip Jeff Zucker’s deal to buy UK Telegraph, call backer UAE a ‘sexist regime’
Ex-CNN boss Jeff Zucker’s buyout firm is pressing ahead with a bid to buy UK newspaper Daily Telegraph — even as critics slammed the “sexist regime” of his financial
Analysis: Emirati oil CEO leading UN COP28 climate summit lashes out as talks enter toughest stage
Analysis: Emirati oil CEO leading UN COP28 climate summit lashes out as talks enter toughest stage – The Emirati leading the United Nations’ COP28 climate talks walked out on stage Monday to a room fu
UAE banks pledge $200 billion in green finance at COP28 climate talks
Banks in the United Arab Emirates on Monday pledged to mobilise 1 trillion dirhams, or around $200 billion, in green finance, the chair of the country’s banking federation told the COP28 climate talks …