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

Bloomberg Intelligence Report highlights MENA’s growing sustainable finance market

COP 28 accelerated sustainable finance issuances in MENA

Salik named Official Mobility Partner of the 2024 Future Sustainability Forum

Cementing Salik’s commitment in green mobility solutions

NBK Joins COP29 Discussions to Advance Sustainable Financing and Bridge the Climate Investment Gap

NBK's participation in this significant global event underscores its commitment to collaborative efforts aimed at mitigating the impacts of climate change

BankDhofar publishes inaugural sustainability report for 2023

Leading the way in ESG and corporate governance

COP29: Saudi Arabia signs major green energy pact with Central Asian nations

Saudi Arabia, a leader in Middle Eastern clean energy, aims to meet 50 percent of its power needs from renewable sources by 2030.

ESO and Bank Nizwa conclude Wa’ai competition for Oman’s youth to raise environmental awareness

Seeking to promote awareness and sustainable living practices by addressing challenges impacting the nation’s natural environment

The path to sustainable business through ESG compliance

Businesses in the UAE face rising pressures — and costs — to comply with ESG standards, leveraging lessons from global markets to drive both growth and environmental stewardship

QIB joins forces with DHL Express Qatar by signing up for the GoGreen Plus Program

This collaboration is part of QIB’s ongoing commitment to reducing its carbon footprint

Landmark Retail signs ESG-linked facility with Emirates NBD

The agreement was signed in the presence of officials and representatives from both companies.

Emirates NBD adds impetus to SLL bond push: IFR

ENBD’s move which will include face-to-face presentations to potential buyers in London, as well as virtual meetings – comes with momentum rising around SLLBs

Record growth drives cost advantage of renewable power

81% of renewable additions in 2023 were cheaper than fossil fuel alternatives, offering countries a compelling business and investment case to triple renewables by 2030

Climate Risk and ESG Integration in Arab Banks

The Arab region is particularly vulnerable to the adverse effects of climate change.

IFC and Jordan Ahli Bank launch first locally issued sustainability bond in Jordan

IFC has subscribed to a landmark six-year sustainability bond issued by Jordan Ahli Bank, one of the country’s leading banks

Qatar’s non-hydrocarbon sector has strong potential to drive growth

This has a strong potential to drive growth in non-hydrocarbon sectors.

Masdar partners with Endesa in €1.7bln renewable energy transaction in Spain

The transaction would see Masdar become a partner for 2.5 gigawatts (GW) of renewable energy assets in Spain, subject to regulatory approvals and other conditions

PIF strengthens renewable energy localization in Saudi Arabia with three new joint ventures

Agreement with Envision Energy and Vision Industries to transform Saudi Arabia into a manufacturer of wind turbines and components

Herbert Smith Freehills advises on key Abu Dhabi waste-to-energy project

The deal successfully reached financial close on 28 June 2024.

Egis secures Saudi Arabia’s top environmental license for sustainable development

This coveted designation signifies a company's commitment to adhering to the strictest environmental regulations, contributing to the Kingdom's ambitious sustainability goals

Saudi Arabia among leading GCC nations in Global Energy Transition Rankings: WEF Report

The rankings reflect the Kingdom’s progress in balancing its energy reserves with sustainability goals amidst global economic volatility and technological advancements.

Saudi Arabia committed to transition toward green energy in the industrial sector

The minister highlighted the impact of Saudi Arabia’s major projects, such as the “NEOM”, which focuses on renewable energy, biotechnology, and advanced manufacturing techniques

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