A “massive” deal has been struck between energy firms RWE and Masdar to invest up to £11bn in the UK’s Dogger Bank wind farm, Rishi Sunak has said. The Prime Minister said the agreement included the …
UAE’s PureHealth set for bumper Dh3.62 billion IPO, selling 10% at Dh3.26 a share
Image Credit: Supplied Dubai: In the UAE’s next mega IPO, PureHealth is floating 10 per cent of the Abu Dhabi headquartered company, and set the stock offer price at Dh3.26 apiece. In all, 1.11 …
UAE looks to burnish its climate credentials with $30 billion pledge
At the COP28 summit, oil nation announces $30 billion to help poor countries with climate projects, including the transition to cleaner energy.
Express at COP28: Goals derailed, world meets in Dubai to bring climate on track
Prime Minister Narendra Modi is among those travelling to Dubai for COP28, the climate conference which begins tomorrow and which, like every year, will see a range of global leaders, heads of states and governments.
ADSW Summit at COP28 brings together global voices driving climate action
Summit to support unlocking green finance, enabling the Just Energy Transition, and explore how organizations can positively impact society and integrate sustainable practices into every corner of the
At Cop28, UAE sets up US$30 billion fund to bridge global climate finance gap
Against that backdrop, the UAE has been keen to encourage finance and business more broadly to commit more money to the climate fight and was expected to open its own chequebook throughout the two-week UN climate summit.
U.S. to impose visa bans soon on Israeli extremist settlers for West Bank violence
The Biden administration has informed Israel that Washington will impose visa bans in the next few weeks on Israeli extremist settlers engaged in violence against Palestinian civilians in the occupied …
World Bank increases climate spending to 45%
The World Bank on Friday said it will increase the amount it spends annually on climate-related projects to 45% of its financing over 2024 to 2025, up from 35% now, as part of a policy overhaul to …
UAE petrol prices; MBC IPO price; New Emiratisation rules– 5 trending stories to read today
Companies with between 20 and 49 workers will be required to hire one UAE national in 2024 and another one in 2025. MBC Group has announced the price range for its initial public offering (IPO) as …
Cop28 – UAE president announces $30 bln fund to bridge climate finance gap
United Arab Emirates President Sheikh Mohammed Bin Zayed announced on Friday the establishment of a $30 billion climate fund for global climate solutions. The fund is designed to bridge climate …
Dubai’s $315 Million Taxi IPO Sells Out in an Hour
(Bloomberg) — Dubai Taxi Co.’s initial public offering of as much as 1.16 billion dirhams ($315 million) received enough orders to cover the deal within an hour of opening, showing strong deman …
UN’s COP28 climate talks open in Dubai
The UN’s climate conference COP28 has kicked off in Dubai on Thursday. The event is held at Dubai’s Expo City and will run from November 30 to December
India, UAE Are Partners In Green, Prosperous Future, COP28 Will Boost Climate Action: PM Modi
Prime Minister Narendra Modi said India and the UAE share a vision of promoting sustainability and renewable energy, and have become leaders in global renewable energy initiatives.
UAE leads climate disaster fund contributions with $100 mln pledge
The United Arab Emirates will contribute $100 million to a new climate disaster fund, UAE foreign minister Sheikh Abdullah bin Zayed said on Thursday, leading a combined contribution along with other countries of just over $300 million.
UAE renews $1 bln deposit at Central Bank of Egypt
The UAE has renewed a $1 billion deposit at the Central Bank of Egypt (CBE) for three years to 1 July 2026 instead of 1 July 2023, according to the External Position report released on Thursday. The …
UAE set to announce $30 billion climate finance fund at COP28 -sources
The United Arab Emirates is preparing to announce a new $30 billion climate-focused investment fund during COP28 with backing from some of the world’s biggest investors including BlackRock, three …
Emerging world needs climate finance and to burn coal, India says
Emerging economies need climate finance, help with technology and the right to pursue development, India’s Prime Minister Narendra Modi said on Thursday before leaving for the UN climate summit in …