Funds

Egypt receives first $1.03 billion EU funding installment

Discussions are currently in progress to approve a second tranche of $4.14 billion

Saudi Arabia’s public investment funds assets jump 37 percent to $42.6 billion at end of Q3 2024

The subscriber count saw a remarkable increase of 51 percent, translating to nearly 528,000 additional subscribers

Abu Dhabi Fund for Development boosts Maldives with $40 million loan for airport expansion

This loan follows a previous allocation of AED183.5 million ($50 million) granted in 2017 for the initial stages of the project

OPEC Fund signs first loan agreement with Montenegro for $52 million to enhance climate initiatives

The loan is aimed at enhancing fiscal sustainability and facilitating the green transition in the southeastern European nation

OPEC Fund authorizes nearly $1 billion in new development financing

These initiatives support global nations by improving infrastructure, food security, renewable energy, and economic resilience

Saudi Arabia’s PIF launches Adeera to develop new homegrown hospitality brands

A comprehensive initiative to transform the Saudi hospitality sector and enhance local talent

COP16 Riyadh: IsDB provides over $4.4 billion in financing to projects aligned with UNCCD

IsDB has exceeded its climate action target of dedicating 35 percent of its financing to climate initiatives and projects by 2025

New Murabba launches ESG and decarbonization strategies aligned with Vision 2030

These frameworks demonstrate the company's commitment to sustainable development

What is Islamic finance: Principles and opportunities for growth

The global Islamic finance industry is witnessing remarkable growth, with total assets reaching $3.3 trillion by the end of 2023

COP29: UAE pavilion highlights role of climate finance in reaching net zero

Discussions focused on bringing marginalized groups 'into the problem-solving process'

COP29: Investor groups with over $10 trillion in assets commit to accelerating climate financing

Sweden announced a contribution of $730 million to the UN Green Climate Fund (GCF), bringing overall contribution to $749 million

COP29: Troika assesses ‘Roadmap to Mission 1.5°C’

Leaders’ Summit of the Small Island Developing States (SIDS) on Climate Change takes center stage