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

UAE and UK to strengthen cooperation on climate action and environment

UAE was the first country in the region to ratify and sign the Paris Accords and the first in MENA to set an economy-wide reduction in emissions by 2030

Standard Chartered’s first green trade finance facility inaugurated in the UAE

Suite of trade finance products and services reinforce the Bank’s commitment to help clients meet ESG-related sustainability objectives

EBRD promotes energy efficiency and renewable energy in Egypt

The GCF and EBRD’s partnership for transformation has seen the GCF support six EBRD programmes to the tune of US$ 830 million, catalysing more than US$ 3.6 billion in total project value.

Get Ready for ESG on a Global Scale

3 things auditors, businesses, and regulators need to consider when it comes to sustainability reporting.

Boursa Kuwait launches ESG reporting guide to drive corporate sustainability in financial markets

The ESG guide includes recommended sustainability metrics and a set of indicators that will assist market participants in understanding where they currently stand as well as how to improve and set future goals.

Beyond COVID-19: Towards a Net Zero World

Dilhan Pillay shared his thoughts with members of the Singapore Institute of Directors (SID) ahead of the national association of company directors' annual conference.

Abu Dhabi wealth fund to focus on tech, climate change after COVID-19

ADIA, which manages capital on behalf of the oil-rich Abu Dhabi government, does not disclose the value of its assets but the Sovereign Wealth Fund Institute, a research group, estimates them at $649bln

NBB renews commitment to the environment with steps to obtain ISO 14001 certification

The bank seeks to become an environmentally-responsible entity

Middle East primed to lead the transition to ESG compliance

55% of the world's population currently live in cities, a figure that is expected to rise to over 68% by 2050

Saudi Green Initiative, Middle East Green Initiative events to be held in October

The two events will reinforce the Kingdom’s commitment to making a sustainable impact in the face of climate change and will enhance its work to protect the environment and the planet at large, SPA said.

Saudi Arabia’s PIF and Saudi Tadawul Group plan voluntary exchange platform for carbon credits in MENA region

“Moreover, and taking Saudi Arabia capital market strength, its initiatives and aspirational projects into consideration, we are well-positioned to incubate and host this exchange platform.”

HSBC Saudi Arabia offers the first climate change focused investment fund in the kingdom

This will provide interested customers participation and direct access to investments that help reduce the impact of climate change

How climate-focused are sovereign funds?

There is broad acknowledgement of the need to change.

Ensuring the successful delivery of renewable energy projects

The earlier that risks are identified and planned for, the greater the chance of overall success.

Hydrogen: the Middle East's next black gold

As demand grows, the region seeks to lead the way in hydrogen production

HSBC Oman launches green personal loans

HSBC is committed to helping lead the transition to a global net-zero economy

ESG initiatives: A shot in the arm for the long-term values

Sustainability reporting is the key platform for communicating sustainability performance and impacts.

Climate change widespread, rapid, and intensifying – IPCC

The Working Group I report is the first instalment of the IPCC’s Sixth Assessment Report (AR6), which will be completed in 2022.

HSBC offers unique ESG wealth products for its customers

HSBC has previously announced its own commitment to a sustainable future by committing to become carbon net-zero in its operations by 2030 and support all its customers in their transition to become carbon neutral by 2050 in accordance with the Paris agre

Unstoppable ESG momentum puts investment manager reporting in the spotlight

The figures tell a dual story. First, of impressive growth. Investor demand, emerging regulatory disclosure requirements, and the launch and reclassification of environmental, social and governance (ESG) funds have fuelled a surge in ESG-focused asset all

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