#Sustainable Finance

Remittances rise by 5%, reveals world bank report

Bucking the trend: 2024 GCC banking outlook

GCC banks’ financial performance remains resilient while they capture and benefit from the growth opportunities arising on the back of the long-term National Vision

UAE green bonds, sukuk issuance hit Dhs15bn

UAE green bonds, sukuk issuance hit Dhs15bn, says SCA

The country has been encouraging issuers to raise green and sustainability-linked bonds, and sukuk to accelerate its transition to a low-carbon economy

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

DFSA waives fees on ESG listings on Nasdaq Dubai

DFSA scraps regulatory fees on ESG listings on Nasdaq Dubai

The waiver applies to all new and repeat issuers who make a relevant application to the Dubai Financial Services Authority

UAE finance sector to mobilise Dhs1tn in sustainable finance image UBF X

COP28: UAE financial sector commits to mobilising Dhs1tn in sustainable finance

In addition to the commitment, the CBUAE highlighted the solutions of the COP28 UAE TechSprint – a global initiative launched by the central bank

UAE: Abu Dhabi Islamic Bank successfully issues $500m green senior sukuk Image Getty Images

UAE: Abu Dhabi Islamic Bank successfully issues $500m green senior sukuk

The issuance attracted interest from more than 100 global and regional investors with the final order book closing at $2.6bn

FAB’s Q3 2023 profit surges by 48% on revenue boost

FAB’s Q3 2023 profit surges by 48% on revenue boost

The banking group’s operating income reached Dhs7bn in Q3 2023, a 27 per cent YoY increase compared to Dhs5.5bn in the third quarter of 2022

World Investment Forum 2023 begins in Abu Dhabi Image Supplied

Global leaders gather for World Investment Forum 2023 in Abu Dhabi

UN Secretary-General António Guterres, in a statement, urged forum participants to put the SDGs Stimulus Package into effect

cop28 climate jargon

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

UAEs UBF on how the banking sector-is-supporting-green-finance-initiatives-GettyImages-83975094

These UAE banks invested over Dhs190bn in green financing, reveals UBF

The UAE banks invested in various projects in renewable energy, waste-to-energy, and green technology in 2022

Martin Tricaud of first Abu Dhabi Bank

Insights: How banks can unlock the finance needed to get to net zero

First Abu Dhabi Bank has structured green financing for the development of renewable energy projects, the construction of energy efficient buildings and infrastructure development for sustainable water management

Ziad Chalhoub_CFO_Majid Al Futtaim

Sustainable finance: How early movers drive collective action

First movers with defined sustainability targets enjoy better financing terms, including a lower weighted average cost of capital

One of the world’s biggest wealth funds targets sustainable finance

Kuwait Investment Authority has applied the ESG standard set by an independent globally-recognised ESG benchmark provider