Sustainability

How the evolution of digital banking in the UAE is driving the sustainability agenda 

Country aims to mobilize over AED 1 trillion in sustainable financing by 2030 

What does Egypt’s new carbon market mean for the future of climate finance?

The move is a step towards a mandatory market, requiring carbon reduction projects and emissions calculations

Why battery energy storage systems are the future of the UAE’s electric grid

While China is a leader in this field, the UAE is well-positioned to join the ranks within the next five to 10 years

Sustainability and the future of commercial real estate in Dubai

The real estate sector has a major role to play in helping improve sustainability and combating climate change

SIF 2024 in September to highlight youth and women’s participation in the smart economy

The event seeks to leverage AI to enhance public services, health, and education

Etihad Rail launches sustainable finance framework for green investments in transportation, infrastructure

Framework developed in collaboration with industry experts, First Abu Dhabi Bank and Standard Chartered Bank, who served as co-ESG advisors

Kuwait Warba Bank’s $500 million sukuk listing on Nasdaq Dubai attracts $1.8 billion in orders

This is the fourth listing under their $2 billion trust certificate program

Saudi Arabia tackles e-waste with 100,000 devices recycled, minimizing environmental footprint

This is part of the Kingdom's strategy to build a sustainable digital future optimizing resource use

Saudi PIF affiliate invests $1.5 billion in EV maker Lucid Group

The deal includes a $750 million convertible preferred investment and a $750 million unsecured term loan

Masdar, TotalEnergies to develop sustainable aviation fuel project in Abu Dhabi

Agreement follows the successful test flight at COP28 that demonstrated the potential for converting methanol to SAF

G20 pushes for great fortunes tax to fund climate disaster preparedness 

The G20 DRRWG meeting focused on the critical importance of financing for resilient infrastructure and early disaster risk warnings

Oman to expand LNG production capacity to 15.2 million tons per year with new 3.8 million ton train

LNG production trains allow the government to improve operational efficiency, maximize the use of existing facilities

DEWA completes region’s first pilot virtual power plant project, revolutionizes energy management and sustainability

Through the virtual power plant project, DEWA has integrated over 8 DERs with a total flexibility of around 3.3 MW

EWEC seeks bids to develop Madinat Zayed IPP project in Abu Dhabi

Expected to begin operations in Q3 2027, the Madinat Zayed project will provide up to 1.5 gigawatts of backup generation

UAE’s EWEC issues bids for greenfield 400-megawatt energy system in Abu Dhabi

System will support EWEC's goal of raising its solar capacity to 7.5 gigawatts by 2030

Egypt sets sights on $5 billion investment goal with India by 2027

Through renewable energy, green hydrogen, and engineering initiatives

Oman bans plastic bag imports, new regulation effective this date

The prohibition covers both biodegradable and non-biodegradable plastics

Egypt to raise electrical capacity with two $700 million renewable energy projects by October

Emirati company Al Nowais will launch the solar energy project in the Aswan Governorate's Kom Ombo by October

Yas Island’s eco-friendly city earns top sustainable urban design rating in Abu Dhabi

The Estidama 5 Pearl rating signifies excellence in sustainable design

UAE outlines sustainability roadmap beyond 2030 in latest report

Report discusses climate resilience, technology inclusion, economic inequality and health crises

Saudi Arabia launches Carbon Capture and Utilization Challenge with UpLink

This challenge aims to seek innovative solutions that accelerate the circular carbon economy

Sustainable investments could unlock $2 trillion for GCC countries by 2030: Report

Green finance is surging in the GCC, with over $8.5 billion in green and sustainable bonds and Sukuk issued in 2022