The 2024 outlook for the MENA region's project market is exceptional, with an anticipated surpassing of $270 billion in value, according to a latest report.

The company produces and supplies high-grade iron ore pellets.

Aldar's total ESG financing facilities reach $1.30 billion.

World Wide Generation's and e& join hands to combine innovative technology and global collaboration to address critical environmental, social, and economic challenges.

Washington, United States -- Central bank reserve management remained resilient during a historically volatile year, according to the fourth edition of the World Bank Reserve Management Survey Report. Central banks identified ESG, volatility and risk, and inflation as their main challenges in 2022, the report said. Central banks are becoming...

FII Institute remains committed to innovative and sustainable technology investments, Anthony Berkley, ACT Director and Head of Investments, tells TRENDS.

While companies are increasing their investments in social initiatives, many grapple with effective execution and evaluation, highlights a new study by Kearney.

"Together, we are working under the direct supervision of the Central Bank of the UAE to further advance sustainable finance in the region. Collaboratively defining a framework for accountability and best practices will encourage the transition to a climate-neutral, resource-efficient, and resilient economy," he adds.

The net profit increased by 831 percent year on year.

Businesses are getting ready for COP28 by moving from starting ESG programs to growing them, and those who know the benefits of ESG Reporting may gain a lot, say experts.

Saudi Arabia emerges as an appealing market for foreign corporations interested in M&A deals due to rising global crude oil demand, Vision 2030, and private sector development.

The luxury markets in the GCC region are experiencing significant growth, driven by an increasing demand for high-end products. Despite challenges such as the pandemic, inflation, and banking crises, individuals in the region are investing in luxury items like watches and jewelry due to their potential for future price appreciation....

As the effects of climate change intensify each year, there is an urgent need to transform multiple industries to meet sustainable development targets, avoid greenwashing, and create transparent and pragmatic resolutions, adds Hitchen, suggesting the plan of action for the region.

Dubai, UAE -- Mashreq Bank, the oldest privately-owned bank in the UAE, has facilitated $15.5 billion in sustainable finance, Joe Van Dusen, Group Head of Corporate & Investment Banking at Mashreq, said on Tuesday. In a statement in January, the bank said that the finance was facilitated between Jan 2021...

Creating a coherent ESG policy is perhaps one of the biggest challenges for the region, which is heavily reliant on hydrocarbons, says an expert.

Some investment trends that emerged at the tail end of 2022 — clean energy, consumer staples, retail, and infrastructure — will gain further impetus in 2023, says an expert.

Sustainability remains key focus as the UAE and Saudi Arabia speed up digitalization, which has been the fundamental pillar of the transformative economic goals of the GCC nations.

The strategy includes the national low-carbon power and water champion’s interim greenhouse gas (GHG) emissions reduction goals.

Winning firms are exploring innovative alternatives, guided by a strong sense of purpose and a flexible strategy. Disruption doesn’t demolish ESG ambitions. It fortifies them, add François Faelli, Global Managing Partner of ESG, Bain & Company and Akram Alami, Partner, Bain & Company Middle East.

Aldar Properties said Tuesday that it has recirculated AED8.8 billion ($2.39 billion) to the local economy through In-Country Value (ICV) program, a UAE government program headed by the Ministry of Industry and Advanced Technology. The ICV aims to boost economic performance and support local industries by redirecting higher portions of...

Even as only half of the significant insurers in the region are disclosing ESG information, sustainability has gained significant traction in financial services in last few years.

Bassel Gamal, the Group CEO of Qatar's second-largest bank, tells TRENDS that leaders should empower their employees to make decisions.

With more ESG marketing claims questioned by clients, asset and wealth management firms can no longer tout ESG without convincing evidence. The solution to this strategic challenge lies in prioritizing ESG factors for specific target clients and building an operating model that reliably quantifies the impact on those factors, they...

KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021. Reporting a 10 percent increase in US dollar revenues from 2020, this follows an extensive period of investment and focus on priority services and solutions addressing the challenges faced by...

UBP Senior Portfolio Manager Fares Benouari has predicted that 2022 would see greater exposure to ESG, automation, and fintech in investment strategies.

US company Air Lease Corporation (ALC) has signed a letter of intent to purchase 111 Airbus aircraft, the European plane-maker said in a statement on Monday. The agreement is for 25 A220-300s, 55 A321neos, 20 A321XLRs, four A330neos and seven A350Fs. The order will be finalized in the coming months...

Etihad Airways has raised $1.2 billion in what is the first sustainability-linked loan tied to ESG targets in global aviation.

Through it, the bourse aims to drive the embrace of Corporate Sustainability in the Kuwaiti capital market.

  Report provides banking industry leaders with analysis along with insights and forward-looking views Cost and operational efficiencies expected to remain a top priority for banks in 2021   The overall non-performing loans (NPL) ratio for the Gulf Cooperation Council banking sector has increased by 0.4% and now stands at...

  Creating an ESG Centre of Excellence in the region part of 'The New Equation' strategy  Firm announces its commitment to hire more than 500 graduates a year and train them for a strong career   Auditing, assurance and consulting firm PricewaterhouseCoopers (PwC) Middle East has said that it is...