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

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

Brookfield Opens Fundraising for Catalytic Transition Fund with Anchor Commitment from ALTÉRRA Targeted to Raise up to $5 billion to Scale Up Climate Finance in Emerging Markets

With the urgent need to cut emissions and accelerate the climate transition, the Brookfield-managed CTF will harness a $1 billion commitment by ALTÉRRA funds

Fostering a sustainable future: the role of land restoration in Saudi Arabia

The Kingdom of Saudi Arabia is no stranger to such climate challenges.

Mubadala announces first renewable energy investment in Japan

This investment will help reduce carbon emissions and reliance on imported fuels, aligning with Japan’s domestic and international emission reduction targets

QatarEnergy acquires 40% of 2 natural gas exploration blocks in Egypt

As per the statement, QatarEnergy will acquire 40% of the offshore concession agreement on the Cairo and Masry blocks

Global ESG sukuk market projected to surpass $50bn thanks to funding diversification

The year started with key regulatory initiatives, which could support standardization, ecosystem development, and aid transparency.

Emaar, The Economic City signs agreement with Aramex to advance logistics sustainability in KAEC

Under this agreement, both parties will implement cutting-edge, sustainable logistics solutions to minimise environmental impact and improve operational efficiency

Abu Dhabi Chamber supports sustainable innovative solutions

Nine companies participating as part of its Pavilion at WFES

Sparklo leads environmental impact with 14.5mln plastic bottles and cans recycled in the UAE

Since its launch a little over a year ago, Sparklo has installed 170 Reverse Vending Machines (RVMs), called Sparklomats, across the UAE

Saudi Arabia’s green hydrogen production efficiency positions it as a global leader: report

The analysis further emphasizes that by 2030

Global startups awarded in Dubai for innovation and sustainability

VerdExim Sustainability Awards aim to inspire, support and amplify the efforts of startups shaping a sustainable future

Planet SOS