Held on Finance Day at COP28, the event is aligned with the CBUAE’s strategy to lead sustainable finance efforts to enable climate action.
COP28 in Dubai: UAE financial institutions to mobilise Dh1 trillion in sustainable finance by 2030
The UAE’s banking and financial sector will mobilise more than Dh1 trillion ($272.5 billion) in sustainable finance by 2030, senior officials said at the 28th edition of the United Nations Climate Change Conference (COP28) in Dubai on Monday. Khaled …
UAE banks pledge $270 billion in green finance at COP28 climate talks
Banks in the United Arab Emirates on Monday pledged to mobilise 1 trillion dirhams, or around $270 billion, in green finance, the chair of the country’s banking federation told the COP28 climate talks …
COP28 UAE: DIFC’s climate finance platform aims to raise $100bln by 2030
Dubai Financial Services Authority also announced it was waiving all regulatory fees for issuers wishing to list sustainability-related debt securities in the DIFC throughout 2024 …
UAE financial sector announces to mobilise AED 1trln in sustainable finance by 2030 as UAE hosts COP28
CBUAE, in cooperation with the COP28 Presidency, organises a global event on Finance Day at COP28 to drive global sustainable finance efforts towards a sustainable future
COP28: UAE banks pledge Dh1 trillion in green financing
UBF chairman Abdulaziz Al Ghurair says banking sector crucial in climate forum talks The annoucement came on Monday, which is dedicated to finance discussions at COP28. File image of COP28 banner near Al Wasl dome at Expo City Dubai. Image Credit …
UAE: Moody’s affirms RAKBANK ‘Baa1/ P-2’ rating; outlook stable
Abu Dhabi: Moody’s Investor Service has reaffirmed the ‘Baa1/ P-2’ rating to the National Bank of Ras Al Khaimah (RAKBANK), with a stable outlook. The obligations rated Baa are subject to moderate credit risk, according to a bourse statement.
Gulf International Bank celebrates 52nd UAE National day
In honour of the 52nd National Day of the United Arab Emirates, Gulf International Bank (GIB), held a celebration for its Abu Dhabi and Dubai based employees. They were joined by Mr. Jamal Al-Kishi, CEO of GIB B.
ReNew inks initial pact with Asian Development Bank for USD 5.3 bn funding
Renewable energy firm ReNew Energy Global Plc has inked an initial pact with the Asian Development Bank (ADB) for a funding of USD 5.3 billion. ”The MoU was signed at COP28, Dubai by ReNew’s Founder, Chairman and CEO, Sumant Sinha and Suzanne Gaboury, Director General, Private Sector Operations Department, ADB,” a company statement said.
COP28-UAE energy minister: hydrocarbon investment necessary to avoid high prices during green transition
DUBAI, Dec 4 (Reuters) – The United Arab Emirates energy minister … COP28category COP28: Abu Dhabi teams up with HSBC, others on climate finance think-tank 6:52 AM UTC Worldcategory Dwindling fish …
Banks in UAE are getting serious about climate change, Mashreq Bank CEO says
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 …