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

Dubai reduces 33% of carbon emissions in 2020

The Dubai Carbon Abatement Strategy aims to reduce carbon emissions by 16% by 2021

Bahrain’s ESG landscape and sustainable financing discussed

Bahrain Bourse issued its Environmental, Social and Governance (ESG) Voluntary Reporting Guideline for listed companies in June 2020.

Turkey Fast-Tracks Sustainable Finance

The Framework regulates the standards for sustainable financing instruments (including all green, social or sustainability bonds, sukuks, loans and other debt instruments) and eligible green and/or eligible social projects.

Saudi Arabia’s digital ambitions are key to low-carbon future

Saudi leaders are also pursuing a range of other significant sustainability initiatives

The role of hydrocarbons in the energy transition agenda

As the hydrocarbons sector shifts gears to enter a high-growth recovery phase, investments into related companies made with the long-term approach of value-creation are paying off

Authorities in Saudi Arabia sign environment and water deals to promote technology, scientific research

The agreement contributes to achieving the ministry’s objectives to meet current and future urban, agricultural and industrial needs

Investing in hydrogen: A roll of the dice or a lucrative opportunity?

The Green Chain Conference

Private funds will finance energy transition, investors say

These investments are likely to come from sources such as funds leveraged through banks and the private sector

EBRD steps up green financing in Turkey

In Turkey, the EBRD is a major institutional investor and to date has invested more than €14 billion in various sectors of the economy through 351 projects

Saudi Arabia prepares to offer its first green bond

Last month, the kingdom pledged to neutralize greenhouse gas emissions within its borders by 2060

Emirates to conduct a test flight using 100 per cent sustainable aviation fuel

A milestone collaboration for both Emirates and GE Aviation, the 100% SAF test flight is expected to demonstrate how widebody commercial aircraft using jet fuel made from alternative sources can lower lifecycle CO2 emissions compared to petroleum-based fu

Saudi Wealth Fund Bets on E-Commerce and Clean Energy Companies

In total, the fund reported it held 32 U.S.-traded stocks at the end of September, up from 13 in June.

“A fragile win”: looking back at COP26

Both will be important in driving investment, sending powerful signals to investors as to where best to invest.

Standard Chartered executes ESG ‘use of proceeds’ repo with Saudi National Bank

Saudi Arabia has issued a recent pledge to reduce carbon emissions to net zero by 2060

StanChart executes $250 mln ESG-based repo deal with Saudi National Bank

Separately First Abu Dhabi Bank said it has executed a green repurchasing transaction with Deutsche Bank.

League of Arab States to finalize pan Arab green hydrogen study by year end

The goal is to achieve a fully integrated Arab regional market with an interconnected and synchronized electricity network by 2038

KPMG Survey: Saudi Arabian CEOs Look To Prioritize ESG

On the other hand, a mere 30% of CEOs in the Kingdom feel they will struggle to meet diversity and inclusion expectations, compared to 56% globally.

International officials praise UAE's climate change efforts at COP26

The UAE has sought to protect the environment since its formation

Standard Chartered starts UAE's first sustainable bank account

Abu Dhabi's Aldar Properties is first company to open a sustainable account

Abu Dhabi authority implements plan for climate-smart agriculture

The Abu Dhabi Agriculture and Food Safety Authority has urged farm owners to shift toward organic agriculture

Planet SOS