Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

Seychelles inaugurates UAE-funded 5MW solar PV plant

Developed by Masdar and financed by Abu Dhabi Fund for Development, the new project aims to save approximately 2 million litres of fuel annually

Dubai’s Majid Al Futtaim closes $1.25bln loan to back ESG ambitions

Sustainability-linked facility to help firm reduce carbon footprint, build more LEED-certified malls

Global renewable power capacity growth set to double by 2027, IEA says

Energy crisis a 'historical turning point' towards cleaner energy, IEA's executive director Fatih Birol says

GIB joins as signatory to the Abu Dhabi Sustainable Finance Declaration in its 5th round

During the R.A.C.E Sustainability Summit

Egypt signs $1.1 billion renewable energy deal with AMEA Power

Cairo is aiming to source electricity from renewable energy platforms by as much as 42 percent by 2035.

COP27 wrap-up: an historic deal was made, but what comes next?

Here’s a summary of what happened at COP27 in Egypt and what to look out for at COP15.

Egypt to start building $11bn wind farm from 2024

A consortium that includes Abu Dhabi’s Masdar and Infinity Power Holdings will finish building the 10-gigawatt onshore plant by 2030

Saudi Green Initiative agriculture projects ‘to start in 3 years,’ says state properties authority

State land body to implement sustainability plan

UAE's Masdar signs renewable energy MoU with Jordan

The company looks to set up renewables capacity to generate 2GW

EIB Global, AllianzGI plan to invest $100m in renewable energy projects

Fund will finance renewable energy projects in the Middle East, North Africa, Eastern Europe. and Central Asia

PwC Middle East Net Zero Future50 launches to support climate tech innovators in the region

Nominations now open for startups to access PwC’s platform for growth that will support 50 Middle East companies to address the most pressing climate issues

Dukhan Bank, GORD introduce Shari’ah compliant Green Finance program

Dukhan Bank is collaborating with GORD to promote sustainable building practices through the implementation of the Global Sustainability Assessment System (GSAS).

Bechtel-led coalition to support Egypt's Decarbonization Strategy

The feasibility study will assess options for total routine flaring recovery through modifications to the existing flare and compression systems at the ELNG facility, reducing methane emissions from this strategic regional facility.

UAE’s green bonds, sukuk market valued at $17bln

UAE is one of the most active countries in the region in the issuance of green bonds and sukuk

World Bank chief urges ‘immediate actions’ by GCC to tackle water, energy security

Abousleiman noted that poor or non-existent brine abatement was impacting on coastal marine life and would eventually hit tourism.

Storage concentrating solar power system ensure Dubai’s energy supply security at lowest cost

Dewa granted patent for system that identifies best locations for solar towers, heliostats

Saudi Arabia's wealth fund pledges to reach net-zero by 2050

The PIF will become the first sovereign wealth fund in the Middle East and one of the first wealth funds globally to announce its intentions to reach net-zero by 2050

Saudi Arabia commits $2.5bln to Middle East green initiative - Crown Prince

Saudi Arabia had said last year it aimed to contribute 15% of the $10.4bln required for the fund's clean energy projects

Kuwait says to become carbon neutral in oil and gas by 2050

Al-Sabah said the plan by Kuwait, a major oil exporter and a member of OPEC, to reach carbon-neutrality is "a solid serious pledge that we will commit to"

UN chief issues stark warning, Arab leaders pledge commitment to climate goals on opening day of COP27

Egypt’s Abdel Fattah El-Sisi and UAE’s Mohammed bin Zayed urged global cooperation to meet climate challenge

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