Search Site

Trends banner

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Aramco signs $11bn deal

The deal involves its Jafurah gas facilities.

TAQA H1 net income $1bn

The group's revenue reached $7.73 billion.

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

UAE president discusses climate financing with World Bank chief

The UAE president Sheikh Mohamed bin Zayed Al Nahyan in a meeting with the President of the World Bank Group Ajay Banga at Qasr Al Shati in Abu Dhabi.
  • The meeting also discussed global economic conditions, and the contributions of the World Bank in supporting regional and global development
  • The UAE president highlighted the upcoming UN Climate Change Conference (COP28), which his country will host later this year

Abu Dhabi, UAE – The UAE president Sheikh Mohamed bin Zayed Al Nahyan Thursday discussed climate financing with the President of the World Bank Group Ajay Banga at Qasr Al Shati in Abu Dhabi.

The meeting also discussed global economic conditions, the economic impact of crises, and the contributions of the World Bank in supporting regional and global development.

The UAE president highlighted the upcoming UN Climate Change Conference (COP28), which his country will host later this year. The importance of climate financing in bolstering the global response to climate change and achieving sustainability goals came up for a special mention, as well as the role of the World Bank in this regard.

The meeting was attended by Sheikh Hazza bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi; Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region; Sheikh Tahnoun bin Mohammed Al Nahyan, Abu Dhabi Ruler’s Representative in Al Ain Region; Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; Dr. Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology; and the delegation accompanying the World Bank President.