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Category: ESG Middle East
The Abu Dhabi Chamber of Commerce and Industry honoured private sector companies awarded its Sustainability Label during Abu Dhabi Sustainability Week 2026, reinforcing the emirate’s effort to anchor ESG performance...
Abu Dhabi Sustainability Week opened its 2026 edition with a call for energy security, AI enabled industrial strategy and long term investment as computational demand grows and climate goals tighten....
Emirates NBD launched its first blue green bond with a $1 billion dual tranche issuance that drew strong interest from international investors and added a new regional scale to marine...
At Saudi Readymix’s headquarters, a field demonstration is testing how the Kingdom might decarbonize one of its most emissions intensive sectors using entirely local inputs. CHASM Advanced Materials and Saudi...
During Abu Dhabi Finance Week 2025, the UAE Sustainable Finance Working Group published its fourth formal statement, marking a decisive turn toward implementation as the country accelerates efforts to embed...
• Masdar has begun commercial operations at a 20MW battery storage facility in Stockport, marking the first completed project under its £1 billion ($1.27 Billion) UK battery investment.• Two additional...
• $200m SAF investment marks the first Qatari industrial project in Egypt’s Suez Canal Economic Zone, anchoring bilateral capital flows.• Facility targets 200,000 tonnes a year of SAF and biofuels,...
• Abu Dhabi leverages policy, capital markets, and cross border partnerships to scale climate finance across emerging and developed economies• ADSFF convenes global investors, regulators, and innovators to accelerate investment...
• J.P. Morgan brings global Treasury and multi-currency payment capabilities to ADGM under a category one license.• Expansion strengthens Abu Dhabi’s position as a financial hub for energy, trade and...
• ADGM Academy establishes a first of its kind regional platform uniting research, regulation and industry to advance AI, blockchain, cybersecurity and energy innovation• Five founding initiatives commit to applied...
• Regulators from MENA, Europe, Asia and the US met under closed door conditions to assess risks in the fast growing private credit sector.• Discussions focused on leverage, liquidity, retail...
• NYU Stern at Abu Dhabi releases its first Financial Centre Competitiveness Index ranking the emirate No. 1 in MENA and 12th globally• Global asset managers, sovereign investors, and family...
• ADGM’s fund and asset management sector posted a 48 percent year-on-year rise in AUM in Q3 2025, reaching 220 funds managed by 161 firms.• FSRA introduced new periodic reporting...
• USD 1.9 billion in global commitments announced at ADFW 2025, including USD 1.2 billion in new funding• Resource gap for GPEI 2022–2029 strategy drops to USD 440 million• Funding...
Abu Dhabi Finance Week 2025 opened today on Al Maryah Island with a clear message: the next phase of global finance will be defined by AI, energy, and a fast-evolving...
• Abu Dhabi Finance Week confirms Bill Gates as speaker for day one humanitarian finance session.• Event will include a pledging moment to raise new commitments for the Global Polio...
Abu Dhabi Finance Week (ADFW) 2025 is set to host one of the most influential gatherings in global finance, bringing together CEOs, founders, policymakers, and investors who collectively manage more...
• Abu Dhabi Finance Week secures ADQ as Headline Partner and Hanwha Finance as Premier Partner, reinforcing state-driven ambitions to shape cross-border capital flows.• The 2025 edition expands to more...
• Creates a unified, Sharia-compliant banking framework for endowments across Abu Dhabi• Enables digital public contributions to certified endowment portfolios through ADIB channels• Strengthens oversight, transparency and financial governance across...
• UAE commits $1 billion to restore and modernise Yemen’s power sector through solar, wind and grid projects.• Portfolio to be delivered by Abu Dhabi’s Global South Utilities, expanding generation...
• Three new agreements position Tanmiah to build a Science Based Targets initiative pathway and accelerate supply-chain decarbonization in Saudi Arabia.• Strataphy will install the region’s first geothermal-cooled poultry operation...
• New project aims to convert 500,000 tons of waste per year into sustainable aviation fuel for one of the world’s largest aviation hubs.• Hybrid pathway integrates green hydrogen from...
Masdar Expands Clean Energy Footprint in Central Asia Abu Dhabi Future Energy Company PJSC (Masdar) has signed an agreement with Uzbekistan’s state-owned JSC Uzenergosotish to develop the country’s largest standalone...
• First electric delivery van introduced in Saudi Arabia by Maersk and Unilever, advancing the Kingdom’s Vision 2030 decarbonisation goals.• Operates from Maersk’s Jeddah Logistics Park, powered by a 64,000...
A Decade of Rapid Expansion Abu Dhabi Global Market (ADGM), the emirate’s international financial centre, marks its tenth anniversary after a decade that transformed it from a regional start-up jurisdiction...
• 400 MW As Sufun solar project to power over 68,000 homes under a 25-year PPA with SPPC• Part of Saudi Arabia’s National Renewable Energy Program targeting 50% renewables by...
Project scope and milestone In Abu Dhabi, the UAE’s government-backed clean energy champion Masdar and national utility EWEC formally broke ground on what they describe as the “world’s first gigascale...
• The 1.5 GW Khazna Solar PV project will supply electricity to around 160,000 homes and cut 2.4 million tonnes of CO₂ annually.• Part of EWEC’s strategy to expand Abu...
Bank ABC has set a new high-water mark in sustainable finance, mobilizing US$2.8 billion in 2024, with almost nine out of ten dollars directed toward emerging markets. These funds are...
By Teti Rosanti, Global Environmental Writer In a development that could reshape the economics of global decarbonization, BlueSun International, a cleantech consortium headquartered in the United Arab Emirates and the United...
Qatar is accelerating its sustainable transformation by issuing its first sovereign green bonds and updating its sovereign green assets register, the Ministry of Finance confirmed. The $2.5bn green bond issuance...
Emerge, the joint venture between Masdar and EDF Group, has signed a Memorandum of Understanding (MoU) with Emirates Development Bank (EDB) to accelerate the development and financing of distributed solar...
Emerge, a joint venture between Masdar and EDF power solutions, has signed a 20-year solar energy agreement with Misk City to deliver clean electricity through a 621-kilowatt peak rooftop photovoltaic...
Saudi Arabia has taken a significant step in its climate strategy by inaugurating the country’s first Direct Air Capture (DAC) demonstration unit, located at the King Abdullah Petroleum Studies and...
Abu Dhabi has launched its first Climate Change Adaptation Plan for the Environment Sector (2025–2050), establishing a long-term, science-based strategy to build climate resilience across the emirate’s natural systems. Developed...
In the presence of His Royal Highness Prince Abdulaziz bin Salman Al Saud, Minister of Energy, ACWA Power, the Water and Electricity Holding Company (Badeel), and Saudi Aramco Power Company...
Abu Dhabi Islamic Bank (ADIB) has mobilised AED 17.3 billion (USD 4.7 Billion) in sustainable finance as of year-end 2024—marking significant progress toward its AED 60 billion target by 2030....
Schneider Electric has launched its first Impact Building—a flagship smart facility in Dubai—under its new Impact Buildings Program, showcasing how digitalization and electrification can redefine sustainable commercial real estate. “We...
EMSTEEL, one of the region’s largest publicly traded steel and building materials manufacturers, has launched its first Green Finance Framework—a decisive move to align capital raising with its net-zero roadmap....
Saudi Arabia has made a significant move in the global green finance arena, issuing the first-ever euro-denominated green bond by a sovereign from the MENA region. The €1.5 billion ($1.6...
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s leading renewable energy firm, has signed two pivotal agreements with PT PLN (Persero), Indonesia’s state-owned electricity company, to significantly advance...
Saudi Aramco, in collaboration with Siemens Energy, launched the Kingdom’s first Direct Air Capture (DAC) test unit, capable of removing 12 tons of CO2 per year from the atmosphere. This...
EDF Renewables North America and Abu Dhabi-based Masdar have signed a power purchase agreement (PPA) with Soluna Holdings, Inc. (NASDAQ: SLNH) to supply up to 166 megawatts (MW) of clean...
In an ESG News exclusive interview with Lawrence Paramasivam, the Senior Executive Director of Policy & Legal at the FSRA during Abu Dhabi Finance Week (ADFW), highlighted UAE’s Strategic Evolution...
The Asian Infrastructure Investment Bank (AIIB) and Saudi Arabia have signed a joint declaration of intent to advance sustainable infrastructure investments across the region. The agreement, formalized at the Conference...
Ceer, Saudi Arabia’s first electric vehicle (EV) brand and Original Equipment Manufacturer (OEM), announced 11 new partnerships worth SAR 5.5 billion (USD 1.5 billion) at the 3rd PIF Public Sector...
NEOM & DataVolt partner for sustainable AI future NEOM and DataVolt have signed a landmark agreement to develop the first net-zero AI factory campus in Oxagon, northwest Saudi Arabia. The...
Abu Dhabi-based Ittihad International Investment has arranged a $450 million sustainability-linked RCF with local banks, bolstering its financial flexibility. The facility is backed by key financial institutions, with Emirates NBD,...
Gulf Cooperation Council (GCC) nations have announced a landmark $100 billion investment in renewable energy by 2030. The move is part of a broader strategy to transition towards clean energy...
TA’ZIZ has awarded a $1.7 billion engineering, procurement, and construction (EPC) contract to SAMSUNG E&A to build the UAE’s first methanol production plant in Al Ruwais Industrial City, Al Dhafra...
Saudi Arabia’s Minister of Tourism, Ahmed Al-Khateeb, announced the Kingdom’s significant investments exceeding $500 billion in creating sustainable tourism destinations. Speaking at the Saudi House pavilion in Davos, he emphasized...
Etihad Rail, the operator of the UAE National Railway Network, has introduced the region’s first-ever “CO2 Emission Avoidance and Reduction Certificates.” The initiative quantifies and validates carbon savings achieved by...
Italy, Albania, and the United Arab Emirates (UAE) have signed a groundbreaking €1 billion ($1 billion) agreement to construct a subsea energy interconnection across the Adriatic Sea. This project will...
The Philippines has partnered with UAE’s Masdar, signing a $15 billion deal to develop renewable energy projects, including solar, wind, and battery energy storage systems (BESS), with a capacity of...
Qatar’s Sustainable Finance Surge In 2024, Qatar set a regional benchmark by issuing $2.5B in green bonds to fund environmentally friendly projects, marking a new era for sustainable finance. Invest...
Abu Dhabi has introduced MARSDNA, a groundbreaking tool designed to advance Environmental, Social, and Governance (ESG) goals in the maritime sector. Developed by Maqta Technologies Group, this free, user-friendly digital...
The Environment Agency – Abu Dhabi (EAD) has launched an international standard carbon Measurement, Reporting, and Verification (MRV) programme to address carbon emissions and accelerate the emirate’s transition to a...
What’s happening: Hyundai has partnered with its UAE distributor, Juma Al Majid Company, to deliver two hydrogen fuel cell buses as part of Abu Dhabi’s Green Bus Programme. This initiative,...
The Environment Agency – Abu Dhabi (EAD) has reported a dramatic reduction in single-use plastic bag consumption since implementing its Single-Use Plastic Policy in June 2022. In just two years,...
The Suez Canal Economic Zone (SCZONE) has finalized $64 billion in green hydrogen investments through 12 framework agreements, aiming to produce 18 million tons of green hydrogen annually. Chairperson Waleid...
DP World has become the first company in the Middle East and North Africa (MENA) region to issue a Blue Bond, raising $100 million for sustainable maritime and water-focused projects....
Abu Dhabi Finance Week (ADFW) 2024 commenced today under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of...
London, Dec 6, 2024 (ESG NEWS) – Qatar has officially launched the trading of its first green bonds on the London Stock Exchange (LSE), marking a milestone in the nation’s...
Riyadh, Dec 6, 2024 (ESG NEWS) – The King Abdullah Petroleum Studies and Research Center (KAPSARC) and Climeworks, a global leader in carbon dioxide removal, have signed a Memorandum of...
The 16th Conference of the Parties (COP16) to the UN Convention to Combat Desertification (UNCCD), held for the first time in Riyadh, brought in $12 billion in pledges to address...
Aramco, TotalEnergies, and the Saudi Investment Recycling Company (SIRC) have joined forces to evaluate the development of a sustainable aviation fuels (SAF) plant in Saudi Arabia’s Eastern Province. The initiative...
Qatar has pledged £1 billion ($1.3 billion) to bolster the UK’s climate technology sector, with a focus on fostering innovation and supporting the energy transition. Rolls-Royce, a key player in...
The Middle East ESG Reporting & Data Summit kicks off today, November 28, 2024, at the Hyatt Regency Dubai Creek Heights, bringing together professionals and thought leaders to explore critical...
Building a Resilient Lithium Supply Chain Sigma Lithium has announced the shipment of 22,000 tonnes of its Quintuple Zero Green Lithium to International Resources Holding (IRH), Abu Dhabi’s official trading...
Saudi Arabia, the world’s largest oil exporter, marked a significant milestone in its environmental strategy by launching its first carbon credit exchange at the UN Climate Change Conference (COP29) in...
The United Arab Emirates (UAE) has announced an ambitious climate plan ahead of next week’s COP29 climate summit in Azerbaijan, becoming the first major emitter to submit updated Nationally Determined...
Following a successful pilot, ADNOC and climate tech firm 44.01 are scaling up their innovative carbon-to-rock project in Fujairah, in collaboration with the Fujairah Natural Resources Corporation (FNRC) and Masdar....
The UAE is set to invest AED200 billion ($54.4 billion) over the next six years to address the nation’s growing sustainable energy needs, according to Suhail Al Mazrouei, UAE Minister...
ACWA Power recently signed agreements exceeding $1.78 billion, focused on advancing renewable energy, battery storage, and R&D efforts across regions, including the Gulf, China, Central Asia, and North Africa. These...
Key Takeaways: The Green Climate Fund (GCF) has approved financing proposals totaling $2.687 billion for three multi-country programs: Greening Financial Systems, the Smart Resilient Agriculture Investment Fund, and the Resilient...
Key Impact Points: Saudi Arabia’s Ministry of Environment, Water, and Agriculture has secured SAR 37 billion ($9.8 billion) in private investments to advance the kingdom’s agriculture and food sectors. These...
Key Impact Points: The Saudi Power Procurement Company (SPPC) has shortlisted major global players, including Masdar, EDF, and TotalEnergies, for the fifth round of solar projects under the National Renewable...
Key Impact Points: Why it matters: With sustainability becoming a global priority, Oliver Wyman has strengthened its Climate & Sustainability practice in the Middle East, India, and Africa by appointing...
Key Impact Points: Middle East Sustainable Bond Market Overview According to the S&P Global Ratings Sustainability Insights: Middle East Sustainable Bond Issuance Trends Report, Middle East sustainable bond issuance reached...
Key Impact Points: ADNOC has completed the acquisition of OCI Global’s majority stake in Fertiglobe, increasing its ownership to 86.2%. The remaining 13.8% of shares will continue to trade freely...
Key Impact Points: Saudi Arabia has completed the first hydrogen train test in the Middle East, according to Dr. Bashar Al-Malik, CEO of the Saudi Railway Company. “This project is...
Meet the sustainability champions making the Middle East a blueprint for green practices Forbes Middle East has released its second annual list of the region’s sustainability leaders, recognizing the trailblazers...
Significant Investment in Sustainable Projects The Public Investment Fund (PIF) of Saudi Arabia has identified a capital expenditure requirement of $19.4 billion for its eligible green projects, with $5.2 billion...
Key Impact Points: National Finance, Oman’s leading finance company, has partnered with the Environment Society of Oman (ESO) to launch the innovative Green Campus Educational Initiative. This program aims to...
In the video discussion between Jay Sadiq, CEO of FortyGuard, and Matt Bird, CEO of ESG News, Sadiq highlighted how FortyGuard’s hyper-local AI temperature data can be an invaluable tool...
UAE’s Climate Ambition The United Arab Emirates plans to release its new national climate plan under the Paris Agreement ahead of the COP29 climate summit in November, setting a precedent...
Masdar, Abu Dhabi’s clean energy leader, announced plans to acquire Saeta Yield from Brookfield Renewable for an enterprise value of $1.4 billion. The deal strengthens Masdar’s position in Spain and...
The Hong Kong Monetary Authority (HKMA) and the Dubai Financial Services Authority (DFSA) wrapped up their inaugural Joint Climate Finance Conference on September 16, 2024. Held in Hong Kong, the...
The UAE continues to make significant strides in clean energy investments, with total investments exceeding $12 billion (AED 45 billion), according to Suhail bin Mohammed Al Mazrouei, Minister of Energy...
Nasdaq Dubai has welcomed a $400 million Green Bond issued by the Bank of China (Dubai Branch), part of the bank’s $40 billion Medium Term Note Programme. The bond, rated...
The Abu Dhabi Department of Energy (DoE) is taking significant steps to foster a culture of sustainability among the younger generation in Abu Dhabi. By launching a series of initiatives,...
The Potential of AI in UAE Investment in Artificial Intelligence (AI) is poised to significantly boost the UAE’s economy, potentially adding an extra Dh335 billion ($91.28 billion) by 2031. This...
Egypt’s Ministry of Electricity and Renewable Energy has approved a $900 million bid from the Abu Dhabi Future Energy Company (Masdar) to develop solar power plants in Upper Egypt, including...
The Ministry of Energy and Infrastructure (MoEI) and the Ras Al Khaimah Petroleum Authority (RAKPA) have signed a Memorandum of Understanding (MoU) to strengthen their collaboration on sustainable energy initiatives...
Qatar’s renewable energy efforts are ramping up with the launch of the ‘BeSolar’ service by the Qatar General Electricity and Water Corporation (Kahramaa). This new initiative is a significant step...
DP World has secured validation from the Science Based Targets initiative (SBTi) for its ambitious carbon reduction targets. The SBTi, a leading authority on corporate climate action, endorsed DP World’s...
Dubai Chamber Launches ESG Label for Businesses The Dubai Chamber of Commerce has unveiled its new Environmental, Social, and Governance (ESG) Label, a strategic initiative to promote sustainable business practices...
Middle Eastern Banks Invest $500M in Malaysia’s Pengerang Energy Complex Leading Middle Eastern banks and financial institutions have invested $500 million to finance Malaysia’s Pengerang Energy Complex, a facility that...
Forbes Middle East has announced its fourth annual list of the Top 100 CEOs in the region, shining a spotlight on the leaders driving success across diverse industries. This year’s...
Etihad Rail, the UAE’s rail network developer and operator, has taken a significant step towards sustainability by launching a Sustainable Finance Framework. This framework is designed to align future financing...
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