Browsing: sustainable finance

The UAE Banks Federation (UBF) held its Annual General Meeting (AGM) under the chairmanship of…

H.E. Ambassador Dr. Abdulsalam AlMadaniChairman of DIHAD Sustainable Humanitarian Organisation and Chairman of DISAB; Roving…

Tabreed, a leading district cooling provider, has successfully raised $700 million through its first five-year…

The Abu Dhabi Global Market (ADGM) experienced remarkable expansion in 2024, with a 245% increase…

Abu Dhabi Global Market (ADGM) saw remarkable growth in 2024, with assets under management (AUM) soaring 245%, solidifying its position as a leading financial hub.

Nasdaq Dubai has listed the Middle East and North Africa’s first corporate Blue Bond, a USD 100M issuance by DP World, a leading global supply chain solutions provider. The bond, issued under DP World’s USD 10B Global Medium-Term Note Programme, carries a 5.250% coupon rate and matures in 2029. It secured a spread of 99.6 basis points (bps) above US Treasuries, the tightest spread achieved by DP World in both bond and Sukuk markets. The proceeds will support sustainable initiatives, including marine transportation, port infrastructure, and water-positive projects, reflecting the region’s growing commitment to sustainable finance.

Abu Dhabi Commercial Bank (ADCB) posted strong financial results for Q4 2024, reporting a net…

ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s largest mobility and convenience retailer, announced today…

DP World has issued a $100M blue bond, the first of its kind in the Middle East and North Africa (MENA) region, to fund initiatives supporting marine transportation, port infrastructure, reducing marine pollution, and promoting nature- and water-positive solutions. The five-year bond, priced at a 5.25% coupon rate, supports UN SDG 14 (Life Below Water) and SDG 6 (Clean Water and Sanitation), addressing the funding gap for these under-supported goals amidst growing global challenges like marine pollution and water scarcity.

(DIFC) has announced its decarbonisation strategy, pledging to achieve Net Zero by 2045, five years ahead of the UAE’s 2050 target. Revealed at the Future Sustainability Forum 2024, the strategy focuses on cutting emissions across operations, construction, and supply chains.