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Category: ESG Middle East
A new project approved by the Board of the World Bank will help increase the use of renewable energy in public facilities in Türkiye. The $549 million Public and Municipal Renewable...
NEOM Green Hydrogen Company (NGHC) announced that following signing financial documents with 23 local, regional, and international banks, and investment firms, it has now achieved financial close on the world’s...
The United Arab Emirates’ COP28 president designate Sultan al-Jaber said on Wednesday the oil and gas industry should phase out its methane emissions by 2030 and that investment in technology...
GE announces that it has been selected by Ecogreen Energy to deliver its FLEXINVERTER Solar Power Station technology for the 130 MWp, 100 MWac Nigde Bor Solar power plant to be...
Marubeni Corporation signed a MOU with the Public Investment Fund (“PIF”), one of the world’s largest and most impactful sovereign wealth funds, to set out a framework for the development...
During the year, the EU bank committed €150 million in support for a large-scale urban regeneration project which aims to make Cypriot municipalities greener, boost the economy, and improve the...
JERA Co., Inc. has entered into a Memorandum of Understanding with Abu Dhabi National Energy Company P.J.S.C. (“TAQA”), one of the largest listed integrated utilities in the Middle East, that...
Dubai Islamic Bank, the biggest Islamic lender in the United Arab Emirates, is set to raise $1 billion from a sale of long five-year sustainable sukuk, a bank document showed...
Climate change is the biggest challenge of our time and the single greatest threat to a sustainable future. Increased human-induced emissions of heat-trapping greenhouse gases are altering the Earth’s climate,...
United Arab Emirates renewable energy company Masdar and Ethiopia have signed an agreement for the joint development of a solar project with a capacity of 500 megawatts, Ethiopia’s prime minister...
Islamic Development Bank Group (IsDB) President and Group Chairman, H.E. Dr. Muhammad Al Jasser, announced a US$4.2 billion IsDB Group commitment to support Pakistan’s climate resilience efforts and development agenda and the country...
Abu Dhabi, UAE – January 5, 2023: ADNOC, a reliable and responsible provider of lower-carbon intensity energy, today announced a bold new strategy to progress the world-scale decarbonization of its operations. ...
LuLu Group, whose flagship hypermarket chain powers the MENA region as one of the largest and fastest- growing retail chains, will be launching an ambitious ESG campaign this month which...
Rebound Plastic Exchange, a quality assured global trading platform for recycled plastics, will ensure transparency whilst facilitating cross border trade to unlock circularity worldwide Rebound Plastic Exchange, a global B2B...
Jindal Shadeed Group will invest more than $3 billion to set up a green steel plant in Oman that will produce high-strength automotive products for customers in the Middle East, Europe...
Emirati retail conglomerate Majid Al Futtaim said on Monday it had raised a $1.25 billion revolving credit facility linked to the company’s ESG goals. First Abu Dhabi Bank led the...
The construction of one of the world’s largest wind farms in Egypt is set to start in 2024 and could provide electricity to Europe and Saudi Arabia, according to one...
Kuwaiti Foreign Minister Sheikh Salem Abdullah Al-Jaber AI-Sabah affirmed Monday Kuwait’s commitment to reaching carbon neutrality by 2050 in the oil and gas sector and in other sectors by 2060....
QNB Alahli participates in COP 27 hosted by Egypt in Sharm El Sheikh QNB Group, the largest financial institution in the Middle East and Africa, announced its participation in the 27th session of the United Nations Conference on Climate...
The fund’s initial focus areas will include carbon capture and storage, greenhouse gas emissions, and hydrogen, ammonia and synthetic fuels Saudi Arabia aims to reach net zero emissions by 2060...
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