10/27/2023
ESG sukuk rises to $33.3bln; Fitch expects further growth
Growth driven by state-backed sustainability initiatives
Planet SOS
10/27/2023
Saudi: 80% surge in requests for environmental permits by private sector in Q3
The issuing of environmental permits comes within an integrated plan aimed to achieve eco-friendly economic growth that contributes to improving the quality of life in Saudi cities and towns
10/25/2023
131 UAE businesses pledge to go green ahead of COP28
Minister emphasises importance of inspiring change their behaviour and embrace sustainability
10/17/2023
UAE attracted $36bln FDI for renewable energy projects in 2022
UAE has successfully enticed a staggering $23 billion last year, up 10% over 2021, to be ranked 16th globally in FDI attraction
10/12/2023
Saudi Arabia strengthens commitment to climate action by joining Global CCS Institute
With an ambitious target to achieve net zero by 2060, Saudi Arabia is actively diversifying its portfolio to reduce carbon emissions, with a particular focus on the implementation of CCS
10/11/2023
Family businesses a crucial driver of green investments and climate philanthropy
Badr Jafar shared his views on some of the major opportunities and challenges facing many family businesses within the Gulf region
10/06/2023
UAE starts wind energy project that can power 23,000 homes
Wind farms are located in four locations in UAE, including Sir Bani Yas Island
09/29/2023
Sheikh Khaled bin Mohamed reviews Adnoc's carbon management strategy
He directed the company to explore further international growth opportunities, while chairing its board of directors’ executive committee meeting
09/28/2023
UAE's AMEA Power to set up $86mln solar project in Tunisia
120-megawatt project reaches financial close
09/26/2023
Jordan picked as headquarters of Arab Center for Renewable Energy
They also value Jordan’s "accumulated" expertise in qualifying trained technical personnel and classifying companies and institutions operating in the sector.
09/21/2023
Standard Chartered issues first green guarantee for CEEC-SEPEC
The green guarantee provided by Standard Chartered is for a Solar project in Oman, where CEEC- SEPEC is the main EPC contractor.
09/20/2023
UAE banks lead sustainable financing, initiatives ahead of COP28
The banking sector is playing a crucial role in combating climate change by providing green financing and supporting climate initiatives
09/15/2023
Emirates NBD Group makes strategic equity investment in sustainability start-up Erguvan
Aligned with Group’s endeavor to contribute to and invest in socially responsible programmes and solutions
09/13/2023
PM launches online platform for climate, environmental investments in Egypt
The online platform serves as a gateway for business leaders, developers, financiers, investors, and supporting institutions
09/12/2023
Arab renewable energy projects attracted $120bln in FDI in 2022
They accounted for 60% of the total FDI
09/07/2023
Emirates Development Bank unveils bespoke solar energy financing program
New program features favorable financing terms: up to 8 years tenor loans and 100% loan-to-value ratio
09/06/2023
UAE announces $4.5bn initiative to support deployment of clean energy in Africa
The landmark initiative brings together Abu Dhabi Fund for Development , Etihad Credit Insurance, Masdar and AMEA Power among others
08/23/2023
UAE stands ready to host COP28 and highlight its role in enhancing global climate action and conservation: Mariam Almheiri
She underscored the UAE's pivotal role in advancing global climate initiatives, safeguarding our natural environment and Earth, and paving the way for a brighter future for subsequent generations
08/22/2023
6 UAE banks allocated nearly $52bln in green financing projects in 2022
Green financing commitments and green-oriented funds are popular mechanisms employed by the UAE banking sector
08/17/2023
Energy Capital announces first close of $150m fund
The fund aims to play a pivotal role in helping achieve the ambitious industrial development agenda of Saudi Arabia as it transforms its economy