#ESG

Financial gap to meet SDGs in MEASA hits $5tn annually: NYUAD

Financial gap to meet SDGs in MEASA hits $5tn annually: NYUAD

With the financial gap to meet the SDGs continuing to grow, the report calls on institutional investors to rethink their strategies and seize the opportunity for transition investment in the MEASA region

Dahlia Haleem Co-founder and Partner elementsix on carbon management

Measurement to action: Carbon management for net-zero success

Here’s how companies can effectively plan for carbon management and measure their carbon footprint in their net-zero efforts

HSBC launches sustainability improvement loan for mid-sized corporates in the UAE, Egypt, Qatar and Bahrain

The new product from HSBC allows companies to link financing costs to their sustainability EcoVadis scores.

Hisham Farouk, CEO, Grant Thornton UAE

Grant Thornton’s Hisham Farouk on trade, sustainable finance and ESG

The UAE division’s CEO discusses the firm’s strategies for bolstering cross-border business and the importance of sustainable finance, ESG and digital transformation

How vital is ESG in insurers’ sustainability reporting

Here’s why ESG is crucial for insurers’ sustainability reporting

Insurers face significant challenges related to climate change, impacting both value creation and emissions reporting

IHC SUBSIDIARY ESG

IHC’s Emirates Stallions Group reports 128% growth in operational profit

ESG reported a substantial revenue increase to Dhs640m, representing an impressive 140 per cent year-on-year increase

world environment day

Purposeful profit: 5 strategies for a sustainable business on World Environment Day

On World Environment Day 2024, EMIR’s Hanan Sakr makes a case for incorporating green strategies in businesses as an economic imperative

women chauffer blacklane

Driving change: Blacklane powers gender equality one car at a time

Blacklane’s chauffeur service achieves gender equality with an impressive 50 per cent female chauffeurs within one year of service

Uptown Dubai JLT DMCC launches sustainability hub Image Dubai Media Office

DMCC unveils new hub to power ESG impact

The new ecosystem will pioneer environmental, social, and governance (ESG) best practices among DMCC’s member base of over 24,000 companies

DIB reports profit of 2.7 bn in h1 2022

DIB raises $1bn for ESG projects with 3rd sustainable sukuk

The sukuk marks the lowest-ever credit spread achieved by DIB and the largest sustainable issuance by a regional financial institution in nearly a year

Ahmed Abdelaal, group CEO, Mashreq

Power Letters 2024: Ahmed Abdelaal, group CEO, Mashreq

Mashreq is more committed than ever to lead the way in digital innovation, client experience, sustainability, and inclusive growth

Bahrain Steel company to receive Dhs450m SLL Image Getty images

Bahrain Steel to receive $450m sustainability-linked loan from bank consortium

The SLL’s framework incentivises Bahrain Steel to exceed mandatory greenhouse gas emissions reductions, facilitating the company’s transition toward lower carbon operations

UAE’s FAB to provide $135bn in green finance by 2030

UAE’s FAB to provide $135bn in green finance by 2030

The banking group is expanding its target to include transition financing projects and early-stage innovative climate solutions such as green hydrogen

Grigor Reimann on evolving financial communications in the gulf region

Insights: The evolution of financial communications in the Gulf region

Growing sophistication across capital markets requires companies to deliver effective financial communications to draw in a new breed of investor to the region

Parag Narsingkar, Head of AIFA (Acquisitions, Investments & Financial Advisory) for Middle East, India, Africa, ENGIE, on how investors and shareholders can finance decarbonisation

Insights: Investors, shareholders play a key role in financing decarbonisation

By engaging in constructive dialogue with the companies in which they have stakes, investors and shareholders can drive change

How regional banks can help build a greener economy

Insights: How regional banks can help build a greener economy

The central role that banks play in capital allocation is why regulators want them to help usher in a new era of green finance

How Israel is driving climate innovation ahead of COP28

Exclusive: Ambassador Gideon Behar shares details about Israel’s participation at COP28

Israel’s special envoy for climate change and sustainability tells us that COP28 is an opportunity to promote climate innovation and solutions

Zain group HQ in Kuwait

Zain Group reports net profit of 14% for Q2 2023

The mobile voice and data services operator reported that it served 52.7 million customers at the end of the period across seven countries

Commercial Bank of Dubai posts 41.5 jump in H1 profit

Commercial Bank of Dubai posts 41.5% jump in H1 profit

The bank reported an operating income of Dhs2.5bn in the first six months of 2023, up 41.9 per cent from Dhs1.7bn for the same period a year earlier

Boards must know that ESG isn’t just a buzzword

Boards must know that ESG isn’t just a buzzword. Here’s why

Many GCC enterprise boards have been serious about driving ESG initiatives and the pioneers include Aramco, Emirates NBD, Masdar and Majid Al Futtaim Group

The Green Block

Crypto Oasis Ventures, Roland Berger launch ‘The Green Block’ for Web3 sustainability

The initiative aims to develop and implement Web3 solutions pertaining to corporate governance, environmental sustainability and social responsibility

Commercial Bank of Dubai green bonds issuance

Commercial Bank of Dubai raises $500m from debut green bonds

The proceeds from debut green bonds will be used to finance projects eligible under CBD’s Sustainable Financing Framework

ETF ESG

Are ESG-themed ETFs losing steam?

Data shows that ETF issuers are losing tolerance for ESG as closures surge

ESG

Technology underpins the success of the GCC’s ESG ambitions

ESG is now a concern for investors, shareholders and other stakeholders, as well as customers and regulators

Mashreq & WorldGBC

Mashreq bolsters sustainability goals by joining World GBC

The collaboration with WorldGBC offers the bank a platform to strengthen its net zero commitments

TAQA Group CEO and managing director, Jasim Husain Thabet

UAE utility firm TAQA sets up green finance framework

The Abu Dhabi-listed firm said proceeds from the issuances will be used to finance eligible green projects including renewable energy

Sustainability roundtable Century Finacial

UAE financial sector reaffirms commitment to sustainability

The round table discussion hosted by Century Financial showcased new sustainability initiatives and partnerships aimed at promoting investments

UAE sustainable finance

UAE’s green, sustainable finance enjoy two years of rapid growth

The issuance of green and sustainable finance in the Middle East increased by 532 per cent to $24.6bn in 2021 from $3.8bn a year earlier.

ESG

Why tools that aid reporting hold the key to ESG success

Digital tools that can aid sustainability reporting are as important as any other weapon in businesses’ digital transformation armouries

Dr Ashraf

Insights: Understanding good governance and its role in sustainable development

Good corporate governance fosters fair competition, enables efficient utilisation of resources, increases employment opportunities, and develops domestic and regional capital markets