#Sustainability

Financing nature-based solutions in the MENA Region

Financing nature-based solutions in the MENA Region

Public-private partnerships exemplify such collaboration, with government support bolstering confidence among private investors and financial entities to co-invest in NbS projects

EGA to acquire recycled aluminium producer Leichtmetall

UAE’s EGA to acquire German recycled aluminium firm Leichtmetall

The deal, which is the aluminium producer’s first major acquisition since its formation in 2014, is expected to close during the first half of 2024

Uber’s new ‘green’ feature helps riders track emissions

The Emission Savings feature not only allows users to see their environmental impact but also provides insights into how their choices contribute to a greener future

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

Lu'ay Khdeir of Atkinsrealis on the role water plays in meeting sustainability targets in the GCC

Water plan: Meeting sustainability targets in the GCC

Policymakers and planners need to look to squaring the circle of boosting supply while reducing emissions in line with ambitious regional sustainability targets

Masdar City - Alesca vertical smart farm

Masdar City launches first indoor vertical farm

The vertical farm uses 90-95 per cent less water than conventional farms

Dubatt unveils first fully integrated battery recycling plant_Image_Dubai Media Office

UAE’s first battery recycling plant to power circular economy

Dubatt Battery Recycling’s fully integrated battery recycling plant – the first of its kind in the UAE – has been formally inaugurated at Dubai Industrial City

Amit Midha, Global CEO of Alat

Amit Midha to lead PIF-owned Alat as global CEO

Midha, a seasoned business leader with experience across Asia, the US, India, and Singapore, joins Alat from Dell Technologies

DFSA issues first ESG fee waiver to Emirates NBD

DFSA issues first ESG fee waiver to Emirates NBD

The waiver applies to all new and repeat issuers who make a relevant application to the financial regulator

Mashreq posts 130% rise in full-year profit

Mashreq’s annual profit surges to record on higher net income

The bank’s non-interest income reached Dhs3.1bn in 2023, up 13 per cent compared to the previous year

CENTREPOINT-LANDMARK GROUP - PATH TO NET ZERO

‘Survival of the most sustainable one’: The new mantra for a net zero future says Landmark Group CFO

Rajesh Garg, group chief financial officer and chief sustainability officer at Landmark Group speaks to Gulf Business about the green ethos driving the change in the retail giant’s operations and outlook.

SRTA, BEEAH partner to build EV charging stations

Sharjah’s SRTA, BEEAH partner to build EV charging stations

The installation of EV charging infrastructure is expected to support drivers looking to make the switch to electric vehicles

Abu Dhabi to enable recycled water supply to 1,600 farms image Abu Dhabi Media Office

Abu Dhabi to enable recycled water supply to 1,600 farms

ADAFSA has a system in place to monitor the quality and safety of recycled water before distributing it to farms

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

single-use plastic ban starts on Jan 1

Dubai ban on single-use plastic bags begins; more products to be added in 2025-26

From January 1, 2025, single-use plastic products, including items such as plastic stirrers, table covers, cups, styrofoam food containers, plastic straws, and plastic cotton swabs, will also be prohibited

DUBAI, UNITED ARAB EMIRATES - NOVEMBER 29: Technicians prepare a plenary hall at the UNFCCC COP28 Climate Conference the day before its official opening on November 29, 2023 in Dubai, United Arab Emirates. The COP28 is bringing together stakeholders, including international heads of state and other leaders, scientists, environmentalists, indigenous peoples representatives, activists and others to discuss and agree on the implementation of global measures towards mitigating the effects of climate change. (Photo by Sean Gallup/Getty Images)

Here are 5 key takeaways from the COP28 climate summit

The agreement calls for countries to quickly shift energy systems away from fossil fuels in a just and orderly fashion

Ali Al Kuwari on embracing smart and sustainable practices in construction

Insights: Embracing smart and sustainable practices in construction

Here’s why modern brands and construction projects must have sustainability and smart features at their core, and not just as an afterthought

Eugene Willemsen, CEO Africa, Middle East & South Asia, PepsiCo_Dr. Bob Maughon, Chief Sustainability & Technology Officer, SABIC_Roland Daher, CEO, Astrolabs launch Mega Green Accelerator

Mega Green MENA Accelerator unveiled by PepsiCo, SABIC, AstroLabs

The new initiative aims to nurture the next generation of entrepreneurs in the region to develop solutions to regional and global sustainability challenges

Thomas Ingenlath, CEO Polestar on decarbonisation

Insights: Why it’s time to drive decarbonisation across the auto industry

To stay on the 1.5-degree pathway for 2050, we have to stop selling fossil fuel cars by 2032 and this means transitioning to BEVs

UAE launches landmark Waste to Zero Initiative

COP28: UAE launches landmark Waste to Zero Initiative

Waste to Zero will promote solutions for global decarbonisation by attracting investments in infrastructure projects

Wizz Air Abu Dhabi

Interview: ‘Ultra low-cost yet sustainable’, Wizz Air reveals strategic growth plan

Gulf Business speaks to Yvonne Moynihan, chief corporate and ESG officer, Wizz Air as the aviation industry is called upon to chart a path to net zero

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

solar energy

UAE’s e& secures Dhs366m loan for green projects

The loan will be used to finance or refinance eligible sustainable development projects covering a range of areas, including renewable energy

MASTERCARD

Interview: Mastercard’s Andrea Prazakova on navigating the sustainability transition

Mastercard’s position at the critical juncture of finance and sustainability allows it to influence the transition to net zero

Cop28 Saudi Arabia clean energy focus Saudi Green Initiative Forum

Saudi Arabia sees 300% rise in installed renewables capacity

The Saudi Green Initiative aims to improve the quality of life and protect future generations by increasing reliance on clean energy

UAE unveils World Fire Emission Reduction Alliance Image Dubai Media Office

UAE unveils World Fire Emission Reduction Alliance at COP28

The signatories collectively represent over 56 countries globally, establishing a wide-ranging global alliance dedicated to reinforcing security, disaster prevention

COP28 Saudi Green Initiative plants 43 million trees, shrubs since launch Image SG!

Saudi green Initiative plants 43 million trees, shrubs since launch

Saudi officials and international climate experts discussed Saudi Arabia’s progress in achieving its ambitious greening target of growing 10 billion trees at COP28

President Sheikh Mohamed unveils $30bn climate fund

UAE President Sheikh Mohamed unveils $30bn climate fund

The country has invested $100bn in climate action and renewable energy, and is committed to investing an additional $130bn over the next seven years

COP28

COP28 UAE kicks off, as global climate action takes centre stage

Leaders must deliver in Dubai – the message is clear, said UN Climate Change executive secretary Simon Stiell on the eve of COP28