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 …
Why the success of COP28 depends on climate finance
Beginning this week, leaders from more than 190 countries will gather in Dubai for COP28, the annual climate global … Enter the need for climate finance: money from public, private and other sources …
Climate Finance Top of the Agenda at The Second Edition of R.A.C.E. Sustainability Summit Held on the Opening Day of COP28 in the UAE
Sustainability Summit took place today at Abu Dhabi Finance Week (ADFW) presented by Abu Dhabi Global Market (ADGM) in partnership with HSBC. R.A.C.E Sustainability Summit aimed to reaffirm the UAE’s …
Ajman Bank signs MoU with Abu Dhabi Global Market during Abu Dhabi Finance Week
Ajman Bank has signed a Memorandum of Understanding (MoU) with Abu Dhabi Global Market (ADGM), one of the world’s largest international financial centres in the capital of the UAE, to support the …
The Central Bank of the UAE and the Higher Shari’ah Authority issue guiding principles to foster sustainable Islamic finance
The issuance of the guiding principles coincides with the UAE’s hosting of the Conference of the Parties (COP28), which highlights sustainable practices and foster united efforts in addressing sustain …
Apparel Group seals ESG-linked finance deal with UAE banks
“Our ESG-linked financing agreement is more than a financial endeavour; it’s a mutual pledge towards long-term environmental stewardship, social prosperity, and exemplary governan …
Binance Pilots Banking Triparty Agreement to Help Institutional Investors to Manage Counterparty Exposure
This first-in-crypto solution replicates traditional finance framework enabling institutions to fulfill risk management obligations by pledging fiat or fiat equivalent trading collateral with banking …
UAE Cop28 chief says fossil fuels must be part of climate deal, urges delegates to ‘adopt a different mindset’
Sultan Al Jaber, president of Cop28 and chief of UAE oil giant ADNOC, strenuously denied this week that he used the Cop presidency to pursue new fossil fuel deals.
COP28: Climate aid fund established on first day of Dubai summit
COP28 climate summit head Sultan Ahmed al-Jaber notched a win on the first official day of talks in Dubai, with the adoption of an agreement to set up a “loss and damage” fund to help developing …
Emirates Islamic celebrates 52nd UAE National Day
Emirates Islamic (DFM: EIB), part of Emirates NBD Group, is a leading Islamic financial institution in the UAE. Established in 2004 as Emirates Islamic Bank, the bank has established itself as a major …
UAE: Over Dh394 million in debt settled for more than 1,000 citizens
The Defaulted Debts Settlement Fund in the UAE has announced that 1,244 citizens, with a total debt value of Dh394,586,000, will be exempted from their debts. The initiative is conducted in …
Dubai Taxi Company IPO raises Dhs1.2bn, 130 times oversubscribed
The final offer price has been set at Dhs1.85, resulting in an offering size of around Dhs1.2bn, according to Dubai Taxi Company …
Dubai Taxi IPO values company at $1.26bn, 130 times oversubscribed
Dubai Taxi Company has announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Dubai Financial Market (DFM). The final price …
UAE Issues New Dh500 Banknote; Circulation Starts Today
The UAE Central Bank recently introduced a new polymer Dh500 banknote slated for circulation from Thursday, November 30. The updated bill, retaining its iconic blue color for easy identification, was …
National Pavilion UAE wins abundant acclaim before closing doors in Venice
Guests in conversation at Aridly Abundant exhibition.