#ESG

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

Alpha Dhabi reports nine-month results for 2022

Alpha Dhabi announces net profit of Dhs9bn for first nine months of the year

The holding company’s revenues also grew significantly, standing at Dhs26.6bn, which represents a year-on-year increase of 133 per cent

Jay Srage head of operations

Insights: Five steps to transition to a sustainable business

The University of Michigan’s Erb Institute showcases key areas to help businesses integrate sustainability into their operations

Dubai's DMCC welcomes 15 companies through their impact scale-up programme

Dubai’s DMCC welcomes 15 companies through impact scale-up programme

The programme supports the growth of impact-driven businesses that align with the UN sustainable development goals

Aldar joins SBTi advisory group/ Greg Fewer, Group Chief Financial and Sustainability Officer at Aldar

Aldar to advise Science Based Targets initiative on net-zero targets for real estate sector

More than 3,000 companies worldwide are working with SBTi to reduce emissions

investment trends

Eye for detail: What do key investment trends look like?

Speaking to Gulf Business, Rob Ansari, head of investments and retirement – India, Middle East, Turkey and Africa at Mercer, shares insights on evolving market trends and the way forward

Why Thales believes cybersecurity should be seen as a business enabler

With the increase in the cyberthreat landscape, urgent action is needed by businesses to develop more robust strategies, says Emmanuel de Roquefeuil, VP, Thales – Middle East

Adani Group

Abu Dhabi’s IHC to invest Dhs7.3bn in India’s Adani Group

The three companies – AGEL, ATL and AEL – are part of the Adani Group’s green portfolio, and have core aspects of ESG woven into their operations

How to best fund a sustainable future

The main challenge: capital markets do not yet fully understand what the rule book for sustainable investing looks like

ADNOC

UAE’s ADNOC mulls sale of green bonds as it seek ESG funds

The UAE became the first Gulf state to commit to neutralising planet-warming emissions within its borders, which it aims to do by 2050

Otis is ready to move future cities through digitalisation and a commitment to ESG

Nader Antar, Head of Strategy and Chief Transformation Officer, Otis EMEA, and President, Otis North and Central Europe, Middle East, Eastern Europe and Central Asia, shares how the company has embraced digitalisation while consistently supporting infrastructure development and delivering on its ESG commitments