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Category: ESG Middle East
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...
Aramco has signed a Memorandum of Understanding (MoU) with King Abdullah University of Science and Technology (KAUST), pledging up to $100 million over the next 10 years to fund research...
Gulf International Bank (GIB) Asset Management (UK) has appointed Victoria Barron as Chief Sustainability Officer. Barron will spearhead GIB’s sustainability agenda, enhancing governance frameworks and corporate sustainability projects. Barron brings...
Corporate Sustainability vs. Employee Priorities In the Middle East, while companies focus heavily on ESG and sustainability, employees are more concerned with personal benefits such as fair pay and career...
Masdar, the UAE’s clean energy leader, has signed an agreement with TotalEnergies to explore a commercial project converting green hydrogen to methanol and then to Sustainable Aviation Fuel (SAF). The...
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