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Category: ESG Middle East
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...
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