green finance

UAE launches new guide to enhance financial sustainability across federal entities

The guide presents key concepts and standards of financial sustainability, highlighting their importance and best practices

UAE driving global leadership in green finance, ESG Sukuk

The country has pledged to mobilize AED1 trillion by 2030 to fund sustainable projects

TAQA successfully prices $1.75 billion dual-tranche bonds

Part of the offering is a $850 million 12-year green bond, TAQA’s second under its green finance framework

Abu Dhabi’s Hub71 welcomes 21 startups with $134.9 million in funding

Seven startups will join Hub71+ ClimateTech, gaining tailored resources for their sustainability missions

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

ADFW 2024 set to begin on December 9, to host 50 events

Last year’s edition of ADFW hosted over 3,300 directors and executives from leading global financial firms

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

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

Through renewable energy, green hydrogen, and engineering initiatives

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

World’s largest EV producer BYD to build $1 billion factory in Türkiye

BYD's Türkiye factory is expected to begin production by the end of 2026 and create 5,000 direct jobs

DEWA’s IPWP model attracts $11.87 billion investment over 10 years

Key projects include the Mohammed bin Rashid Al Maktoum Solar Park, which aims for 5,000MW by 2030 at AED50 billion

UAE’s ADNOC, JBIC sign $3 billion green financing agreement

The credit facility is part of JBIC's GREEN lending program and is partially supported by Japanese commercial banks

Dubai to host 10th World Green Economy Summit on October 2-3

Summit will be held under the theme ‘Empowering Global Action: Unlocking Opportunities and Advancing Progress'

South Korea’s foreign reserves fall $620 million in June amid currency swap, bond payments

As of the end of June, the country’s foreign reserves stood at $412.21 billion

UAE’s ADIB releases comprehensive ESG report, highlights $1.51 billion in sustainable finance and net zero commitments

The bank reduced Scope 1 emissions by 65 percent compared to 2022 and set 2030 emissions reduction targets for six portfolio sectors

Green finance is funding sustainable progress in MENA

Sale of green social, sustainable, and sustainability-linked bonds hit $24 billion in 2023

5 key green projects in Dubai that are helping reduce emissions

A solar park, a green hydrogen project and a hydroelectric power plant are some of the initiatives

79 percent of executives in the Middle East have formal sustainability strategy in place: Report

The survey showed that 52 percent of executives are fully embedding sustainability strategies across their organisation

UAE President highlights sustainability initiatives, environmental proposals on World Environment Day

Sheikh Mohamed met with entrepreneurs, youth, and officials in Abu Dhabi to discuss environmental initiatives and sustainability ideas

COP28 President calls for deeper collaboration between AI and energy sectors to drive climate action

COP28 Presidency and the UAE will work closely with Azerbaijan's COP Presidency to ensure COP29 builds on the outcomes of Dubai, the minister said

UAE’s ADFD finances projects worth $9.6 billion in 42 African countries

In 2023, ADFD led a $4.5 billion UAE initiative to boost Africa's clean energy infrastructure

Qatar’s $2.5 billion green bond issuance draws over $14 billion in bids, 5.6 times oversubscribed

The bonds are divided into two tranches and aim to fund environmentally friendly projects