10/24/2022
NBB gets major ESG ranking in Arab World
The leadership position cements NBB’s standing within the top 10% of global banking services companies in the region by Refinitiv’s ESG rating.
Planet SOS
10/21/2022
Kuwait applies only two of eight criteria by environmental governance standards
The Kuwaiti banks are trying to overcome the low level of commitment of the rest of the Kuwaiti business sector in light of their association more than others with foreigners on two tracks
10/21/2022
Egypt to issue $500m worth of green bonds in current fiscal: Finance Minister
As part of the new budget, the north African country is also planning to issue international bonds equivalent to 91.5 billion Egyptian pounds, up from 66 billion Egyptian pounds in the last budget.
10/18/2022
Standard Chartered arranges $566.4mln in financing for first of its kind Saudi-Egypt electricity interconnection project
The 14-year financing will be guaranteed by the Swedish Export Credit Agency and funded by the Swedish Export Credit Corporation
10/10/2022
SABB cards made of 85% recycled plastic
The recycled cards are made from 85 percent recycled plastic, which will help save tons of plastic waste and lower overall carbon emissions.
10/07/2022
Dubai-based ESG Integrate joins global player Renoir Consulting
ESG Integrate specialises in two segments: ESG integration into decision-making and investments, sustainability and integrated reporting.
09/30/2022
CIB participates in 2022 IIF Emerging Markets Sustainable Finance Summit
The summit aimed to capitalize on the tremendous success of the 2021 and 2022 IIF Sustainable Finance Summits and provide an opportunity to address the most critical issues facing emerging markets.
09/28/2022
Dubai Islamic Bank P J S C : Going Green with EVolve – DIB's Sustainable Auto Finance
With DIB's EVolve, customers can avail a maximum financing amount of AED 1 million, a discounted processing fees, and preferential profit rates starting from 1.89% per annum for both, brand new and second-hand vehicles
09/26/2022
WGES 2022 to promote international cooperation to combat the effects of climate change
WGES will take place on 28-29 September at the Dubai World Trade Centre
09/20/2022
Growing role of sustainable finance in the Gulf: report
The report maps out the benefits that sustainable finance frameworks can deliver across the banking sector and wider economy, which range from a more diverse range of funding sources to systemic safeguards against risks.
09/16/2022
Saudi govt authorities, IBM join forces to reduce kingdom’s emissions
IBM will work with SDAIA to identify high value applications of artificial intelligence and machine learning to solve challenges in public and private sector organisations
09/13/2022
The UAE ranks in the top 10 globally for the readiness of markets for electric mobility
EV market is estimated to grow at a CAGR of 30% between 2022 and 2028 in the UAE
09/06/2022
World climate leaders to participate in Egypt-ICF to tackle climate change in Africa
The second edition of the Egypt-ICF Forum is being held ahead of the UN Conference of Parties on Climate Change (COP27) under the theme of moving from pledges to implementation
08/29/2022
COP27 Presidency of Egypt names Boston Consulting Group as exclusive consulting partner
BCG will bring industry insight and analytical capabilities to support Egypt’s COP27 Presidency
08/18/2022
EBRD, EU and GCF support green investments in Jordan
The facility will be on-lent to local private micro, small and medium-sized enterprises (MSMEs) in Jordan for investment in climate change adaptation and mitigation technologies and services.
08/09/2022
Net zero transformation is a new paradigm for corporates
Given the rapidly changing ecosystem, net zero represents a new paradigm for corporates, bringing both threats and opportunities.
08/04/2022
Ministry of Climate Change and EDB to finance agriculture SMEs and start-ups
The move is part of the UAE's efforts to boost local farming and strengthen its food security
08/04/2022
Central Bank of Oman warns of climate risks to financial stability
The first is “direct physical impact leading to infrastructure and property damages”.
08/03/2022
UAE's Masdar signs $21.4mln financing with ADB for Azerbaijan solar power plant
Plant expected to start commercial operations in 2023
07/26/2022
Citi and Etihad sign on First Sustainable Deposit Solution
Citi launches two new sustainable deposit solutions at Abu Dhabi Global Market (ADGM)