ESG

Plaza Premium Group becomes first IATA strategic partner in accessibility

This partnership aims to enhance inclusive travel standards and showcases innovative solutions for passenger services

New Murabba launches ESG and decarbonization strategies aligned with Vision 2030

These frameworks demonstrate the company's commitment to sustainable development

UAE’s debt capital markets grow 13.1 percent YoY to $294.4 billion by Q3 2024: Fitch

This growth highlights the country's evolving financial landscape and its strategic role within the sukuk market

Islamic treasury bonds auction for October 2024 attracts $1.96 billion in bids

The auction attracted interest from eight primary dealers for both tranches maturing in May 2027 and September 2029

Middle East sustainable bond issuances hit $16.7 billion in first nine months of 2024: S&P

Total volume of sustainable sukuk globally reached $7.1 billion in the first nine months of 2024, down 11 percent year-on-year

Abu Dhabi’s Masdar expands clean energy to 31.5 GW, generating 26,700 GWh and avoiding 14 million tons of CO2e

This is up from 10 million tons last year, equivalent to removing nearly 870,000 vehicles 

Qatar’s sukuk issuances grow 122 percent to $500 million in H1 2024: Fitch

Qatar’s debt capital market reached about $130 billion outstanding at the end of H1 of 2024 with sukuk at 10 percent

Dubai tops Arab world, ranks fifth globally in international shipping centre index

Dubai holds the position of the fifth strongest international shipping hub for the fifth consecutive year 

Saudi Maaden, Bahrain’s Alba ink non-binding deal to explore potential business merger

This collaboration aims to generate synergies that boost production, ESG performance, energy security, and shareholder value

EFG Hermes KSA: Banking on opportunities in Saudi Vision 2030 and beyond

Since 2019, firm has successfully completed more than 14 IPOs in the Kingdom

Nasdaq Dubai welcomes $400 million green bond from Bank of China

With the addition of this listing, the total value of bonds listed on Nasdaq Dubai by the Bank of China reaches $1.47 billion

Kuwait Warba Bank’s $500 million sukuk issuance on London Stock Exchange draws $1.8 billion in 3.5x demand

These five-year sukuk support projects advancing ESG goals aligned with sustainability objectives