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

UAE to set up first food-grade plastic recycling facility

The 12,000 tonnes per annum polyethylene terephthalate recycling plant has been earmarked for Abu Dhabi

Mena region has immense potential to generate renewable energy

The region is especially affected by climate change because it is warming twice as fast as the rest of the world

UAE, US form bilateral expert group to lead clean energy partnership

UAE and US officials announced on Sunday that $20 billion will be set aside to fund 15 new gigawatts of clean and renewable energy projects in the US by 2035, led by Abu Dhabi’s renewable energy firm Masdar and US private investors.

World can no longer delay commitment to climate action: Majid Al Suwaidi

Al Suwaidi said that COP28 is one of the greatest responsibilities UAE has undertaken

Abu Dhabi’s Masdar signs memorandum with Dutch companies to develop green hydrogen supply chain

The parties will also examine various hydrogen transportation methods, with a particular emphasis on liquid organic carriers and liquid hydrogen.

COP28 UAE: Dr Sultan Ahmed Al Jaber named President-Designate

The UAE will host the annual climate summit at Expo City, Dubai, from November 30 – December 12

Saudi, UK ministers discuss clean hydrogen, renewable energy cooperation

The meeting was held on the sidelines of the Future Minerals Forum, which is being held in the Saudi capital from Jan. 10 to 12.

Bahrain Sustainability Forum to host 300 decision-makers discussing climate change

The forum will discuss topics from Egypt’s COP27 event and the road ahead for COP28 which is set to be held in the UAE in November 2023.

DIFC prepares financial services industry for COP28 with climate finance training series

DIFC Academy commissions a training programme delivered jointly with the Global Ethical Finance Initiative

Why the world needs to move faster on carbon capture to reduce emissions

While oil and gas will remain integral for global energy security over the next several decades, transition efforts must focus on new technology

UAE delegation visits Scotland to discuss renewable energy, technology

The delegation visited the Scottish Enterprise, which highlighted its efforts to transform Scotland’s economy through innovation and investment

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

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