green finance

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

Clean tech manufacturing investments reach $200 billion in 2023, up 70 percent: Report

China accounted for three-quarters of the total investments in this field, according to the report

UAE banking sector witnesses soaring consumer confidence, reaching 90 percent in 2023: UBF Chairman

Banks demonstrated resilience and proactive strategies in adapting to market conditions

South Korea, Asian Development Bank sign $2 billion agreement to support development projects

The cofinancing will support projects that include climate change, transportation, energy, agriculture, ICT