11/08/2022
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
Planet SOS
11/08/2022
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"
11/08/2022
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
11/04/2022
Climate activists and World leaders head to Egypt for COP27
With more than 2000 speakers and over 40,000 participants, the event will oversee leaders and activists share ideas, solutions and innovative projects for climate action
11/03/2022
MENA nations making rapid progress on climate technology
Ahead of the game, unsurprisingly, is Sweden, which has made a legally binding national pledge to reach net-zero carbon emissions by 2045.
11/02/2022
How Dar is shaping sustainable policy solutions for the built environment
A wider choice of sustainable alternatives is necessary, says Dar in the run-up to COP 27
11/02/2022
UAE, US sign partnership to invest $100b to produce 100GW of clean energy
The partnership was signed on the sidelines of ADIPEC in Abu Dhabi
11/02/2022
Saudi ACWA Power seals deal for 10GW wind project in Egypt
Egypt's Minister of Electricity and Renewable Energy is on an official visit to Saudi
11/02/2022
Dubai's share of clean energy at 12.8% of total installed capacity: DEWA
The Solar Park will have a production capacity of 5,000 megawatts by 2030
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.
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