Tag: finance

DUBAI: Governments, development banks and companies announced … action,” Jaber said it included $5 billion to be allocated to poorer countries. The World Bank stepped up with a promise to increase …

By Valerie Volcovici DUBAI (Reuters) -World Bank President Ajay Banga said on Friday the development lender will devote 45% of its annual financing to climate-related projects by 2025, up from a …

The World Bank Group (WBG) on Friday said it will increase the amount it spends annually on climate-related projects to 45 percent of its financing over 2024 to 2025, up from 35 percent now, as part …

The deal allowing the United Arab Emirates’ renewables powerhouse to enter into Dogger Bank South was signed by the chief executives of both companies during the COP28 climate summit, which began in …

UK Prime Minister Rishi Sunak announced Friday plans by UAE state-owned renewables firm Masdar and German energy giant RWE to invest up to £11 billion ($14 billion) in a giant offshore windfarm.”I’m …

Sultan Al Jaber, president of this year’s climate summit in the UAE, allegedly used the talks to pursue fossil fuel deals for the UAE’s state-owned oil company …

Stock exchanges in the United Arab Emirates closed lower on Friday on volatile oil prices after OPEC+ producers agreed to voluntary oil output cuts for early next year that fell short of market expectations.

Delegates at the COP28 climate talks in Dubai formally adopted a damage fund Thursday to transfer finances to countries hit hardest by the climate crisis.

Dubai (AFP) – The World Bank will “operate” an ambitious new climate change fund, but donors and recipients will likely control how the money is actually spent, the head of the development lender said …

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 …

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 …

At the COP28 summit, oil nation announces $30 billion to help poor countries with climate projects, including the transition to cleaner energy.

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.

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

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.

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 …

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 …