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

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

Why 'green' finance will increasingly play a key role in GCC real estate investments

Senior Mashreq Bank exec says asset managers and fund allocators are increasingly prioritising companies that are ESG-focused

Sustainability is driving investor’s behaviour

Dr. R Seetharaman gave insight on Global economy.

Islamic Development Bank provides $3bn for renewable energy

The Bank is keen to cooperate with international institutions to assist in the transition phase that needs funding, he added.

UAE targets 25% of global hydrogen fuel market by 2030

The UAE also plans to provide the world's most competitive pricing in solar PV and large-scale carbon capture and storage capabilities.

Global financial alliance makes net zero pledges

COP26 President Alok Sharma said there was “big momentum” from the private sector.

Deutsche Bank and the Green Climate Fund sign agreement at COP26

To invest in de-carbonization solutions for Sub-Saharan Africa

UAE targets 25% of global hydrogen fuel market by 2030

The major oil producer also said that it was implementing more than seven ambitious hydrogen projects

Green mission: Bahrain vows net-zero emissions by 2060

Salman bin Hamad Al Khalifa pledged to lead by example and cut the country’s emissions by 30 per cent by 2035

2021 Global Climate Survey

How investors are taking on the risks and opportunities of climate change

Planet SOS