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Securities and Commodities Authority (SCA) of the UAE actively enforced a regulation (pdf) since last Sunday, prohibiting onshore banks from promoting or marketing foreign funds to retail investors. This regulation allows only funds registered with the SCA to be marketed in the UAE to retail investors.
Abu Dhabi Chamber of Commerce and Industry proudly announces a collaboration agreement with the UAE International Investors Council, paving the way for strategic cooperation in investment and forward-looking economic sectors.
India has received around 30 billion USD worth of investment proposals in the semiconductor sector,…
Al Mal Capital REIT, which is listed on the Dubai Financial Market (DFM), is set to commence a rights issue on the 4th of March 2024, as stated by the fund.
Emirates NBD has established the criteria for SMEs participating in the initial AED 15M phase of the AED 500M Dubai International Growth Initiative, as outlined in a press release.
Riyadh, 12TH Feb 2024: Red Sea Global (RSG), the developer behind the regenerative tourism destinations…
Saudi Arabia’s Public Investment Fund (PIF) has successfully concluded the pricing of a $5B Reg S international bond offering under its Euro Medium-Term Note Program, aligning with its strategy to consistently broaden its funding channels.
Binghatti Properties, a prominent real estate development firm in Dubai, and the luxury automotive company Mercedes-Benz have revealed the introduction of an innovative project known as Mercedes-Benz Places | Binghatti.
Emirates Development Bank (EDB) has pledged up to AED 1.3B ($350M) to support the Energy Transition Accelerator Financing (ETAF) platform, a global climate finance initiative initiated by the International Renewable Energy Agency (IRENA). The goal of this platform is to expedite the funding of renewable energy projects, particularly in developing nations.
The comprehensive platform will explore the trading and utilization of carbon credits, providing a “mechanism to help companies manage unavoidable and residual carbon emissions while pursuing direct decarbonisation strategies,” according to DFM. Each carbon credit represents a tangible reduction in carbon emissions, offsetting one tonne of CO2 equivalent emissions. As per the Taskforce on Scaling Voluntary Carbon Markets (TSVCM), the demand for carbon credits could increase significantly, potentially by a factor of 15 or more by 2030 and up to 100 by 2050. The overall carbon credit market is projected to exceed $50B in value by 2030.