Cairo, Egypt--Egypt has signed seven Memoranda of Understanding (MoUs) on Wednesday in green hydrogen and renewable energy with seven global developers with expected investments worth $41 billion over ten years, the Egyptian Government announced. Egyptian Minister of Planning and Economic Development Hala Al-Saeed said that the agreements represent a new...

Paris, France -- The world needs "trillions" of dollars to spur on the green transition and tackle global warming, the head of last year's COP28 climate talks said Tuesday, warning that political momentum can evaporate without clear action. COP28 president Sultan Al Jaber hailed progress made at UN negotiations last year in...

Beijing, China--China is moving away from traditionally energy-intensive industrial sectors toward green development across key sectors, in efforts to fulfill its goals of peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060, according to China Central Television. In June 2023, the Hunan Valin Xiangtan Iron and Steel...

Dubai, UAE-- The International Islamic Trade Finance Corporation (ITFC) is looking to ramp up its sustainable and green financing to nearly 30% of its total financing portfolio. This was stated by Hani Salem Sonbol, CEO of the ITFC, affiliated with the Islamic Development Bank Group. Speaking to the Emirates News...

Doha, Qatar-- Oil and gas producers in the Middle East are assessing "challenges and opportunities" available for their economies to grow while depending on hydrocarbon by working to enhance cooperation in the rapid transitions in the European energy field. The eagerness to make a transition toward clean energy and strike...

It wants to build a supply chain between UAE and Amsterdam.

Chinese Vice Premier Ding Xuexiang said his country has promoted the targets for carbon peak and carbon neutrality, adding that while fulfilling its international obligations, China has made efforts to help other developing countries cope with climate change. He made the comments while addressing the G77 on the sidelines of...

ShareAction said banks amplify "green credentials to their customers and shareholders" but there is a "structural" lack of transparency on what their green finance activities achieve. It examined the green finance commitments and activities of Europe's top 20 banks. Banks are widely criticised for slow progress on the transition to...

The UAE is shifting from Western influences to eco-friendly practices in its apparel market. 2023 marks the nation's commitment to sustainability, with an increasing focus on ethical, high-quality, and environmentally friendly products. However, transparency in sustainability claims is crucial to combat "greenwashing" in the industry.

The final orderbook of the green sukuk closed at $2.6 billion.

Abu Dhabi, UAE--Abu Dhabi Islamic Bank (ADIB) has published "Sustainable Finance Framework" establishing criteria and eligibility requirements that determine which projects are labelled “green”, “social”, or “sustainable”. The framework will determine the eligibility of projects for the bank to finance or refinance, including the issuance of green, social and sustainability...

The two will collaborate in green, sustainable technologies.

The bond will be used to finance eligible green assets.

Beijing, China - China and Arab nations have agreed to establish China-Arab International Research Centre for Drought, Desertification, and Land Degradation at the Ninth Kubuqi International Desert Forum on Saturday, according to Global Times. Government representatives in attendance at the meeting signed the Memorandum of Understanding on building the centre...

Riyadh-based Ceer is collaborating with Siemens Digital Industries Software to accelerate Ceer’s digital transformation and empower its engineers to design and build truly next-generation vehicles.

The announcement has angered environmental groups and comes amid an internal debate within the ruling Conservative party on green policies. (AFP) The main opposition Labour party has said it will not issue any new North Sea drilling licenses if it regains power in a general election due next year.

Campaign group Global Witness labelled Wednesday's announcement as a "climate-wrecking U-turn", urging it instead to invest far more in cleaner energy.

Abu Dhabi, UAE--The Securities and Commodities Authority (SCA) board of birectors has approved a proposal to exempt companies wishing to list their green or sustainability-linked bonds or sukuk in a local market from registration fees for the year 2023. The decision aims to highlight the actions taken by the UAE...

The 10-year sukuk was priced with a 4.875% coupon rate.

The "Friends of the Tree" group works to raise awareness about green areas around Tripoli that are quickly disappearing because of drought, human activity and desertification. "Man has destroyed forests" and much of the vegetation, said the group's leader Khalifa Ramadan, who has been working in agriculture and gardening for...

BRUSSELS, BELGIUM - Environmental groups lodged a lawsuit against the European Commission on Tuesday to challenge its definition of natural gas as a "green" energy source. In addition, one other non-governmental organization, Greenpeace, sued the EU executive separately for deciding that nuclear energy was worthy of its sustainable investment label. The legal...

Despite the milestone, spending on energy transition technology must immediately triple to meet the target of net-zero emissions by 2050 to combat climate change, according to research group BloombergNEF. Investment in sectors such as renewables, nuclear, zero-emission vehicles or recycling projects totaled $1.1 trillion last year, matching spending on fossil...

UAE Minister of Energy Suhail bin Mohammed Al Mazrouei highlighted the UAE Energy Strategy 2050, the first unified energy strategy by the UAE, which aims to integrate the renewable and clean energy mix to achieve a balance between economic needs and climate goals, in addition to reducing dependency on other...

With 283 deals worth $23.8 billion in the first three quarters of 2022, the region’s M&A activity has returned to pre-pandemic levels, a BCG report has highlighted.

Riyadh, Saudi Arabia-- Saudi Arabia's Deputy Minister of Industry and Mineral Resources for Mining Affairs Khalid bin Saleh Al-Mudaifer said Sunday that the kingdom aims to establish a world-class business system in cooperation with South Africa, which he said was the most suited partner for achieving these goals. In his...

More than 15 countries and 670 companies in Asia have set (or are committed to setting) emission-reduction targets, thereby creating new green investment opportunities.

With the rise in demand for low-carbon investments, investors issued $517 billion in green bonds last year, a 50 percent increase over 2020.

DEWA CEO said that the exhibition will introduce the world to the UAE’s achievements in the renewable and clean energy sector.

Dubai is consolidating its position as a pioneer in transitioning to a green economy to support the efforts of the UAE and the rest of the world in fighting the consequences of climate change.

Saudi Arabia’s Public Investment Fund (PIF), the sovereign wealth fund at the heart of the kingdom’s reform plans to wean the economy off oil, will tap into international debt markets for a debut green bonds issue in a week or so.

Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organization (WGEO) announced that the theme of the 8th World Green Economy Summit (WGES) is "Climate Action Leadership through Collaboration: The Roadmap to Net-zero."

The debut bond that will be issued on 14 Sept was oversubscribed 3.8 times.

Qatar Financial Center Authority and UBS Asset Management will collaborate to set up a green sustainable private markets initiative in Qatar, encouraging investments in the energy storage, eco-transport, food security and environmentally sustainable technology venture capital sectors.

The 8th World Green Economy Summit (WGES), to be held in Dubai, will focus on developing investment partnerships in green projects and financing. It will promote investment and employment opportunities in the sector.

As the complexity of the pandemic and supply chain challenges have affected building material prices, the region should look for alternatives, says Nizam Abdul Baki of Purity.

dnata, global air and travel services provider, announced that it would invest $100 million in green operations in the next two years to further enhance environmental efficiency across its global network. The company’s ongoing investment in infrastructure, equipment and process improvement will support it to achieve its strategic objectives and...

IHC to provide capital to Adani firms for green energy projects.

Envisioned as a lush fortress against worsening desertification and sand storms, the "green belt" of Iraq's Karbala stands as a wilted failure. Sixteen years after its inception, only a fraction of the 76-kilometre (47-mile) crescent-shaped strip of greenery has materialized, though the years proved a deep need for protection against...

The head of Saudi Basic Industries Corporation (SABIC) has urged ‘chemical companies’ to decarbonize promptly in order to improve what he termed as green credentials.

As the pandemic grinds on, poverty is rising, inequalities are widening, and household incomes are dwindling, while billionaires have seen their profits soar. The situation is worse for women, as they face rising unemployment and shoulder most of the burden for care.

Dubai Municipality has added 2.83 million square meters of green areas to the city by planting more than 170,000 trees in various locations, as well as along roads and squares in Dubai in 2021. An average of 466 trees were planted per day, 130 percent higher than the initial target,...

Masdar will be joining a consortium that will develop solar photovoltaic facilities with a capacity of about 1.2 gigawatts and associated storage in Indonesia for the export of solar power to Singapore. In this connection, Masdar said, it has signed a Memorandum of Understanding with Singapore’s Tuas Power, France’s EDF...

The Central Bank of Jordan (CBJ) has joined the Network for Greening the Financial System (NGFS), a network of 100 central banks and financial supervisors that aims to accelerate the scaling up of green finance and develop recommendations for central banks' role in climate change. The bank, according to local...

Lebanon's economic meltdown presents an opportunity to improve the country's environmental policies and tackle its festering waste management crisis, says its Environment Minister.

John Kerry, the US climate envoy, will be in Saudi Arabia on Sunday to participate in the Middle East Green Initiative Summit.

Travelers from these countries need not quarantine on arrival in Abu Dhabi.

    With its abundant sunlight and wind resources, the Middle East could be the hub of renewable energy The latest country to enter the race is Egypt with its $4 billion investment plan   Hardly a week goes by when there is not a new announcement made by a...

  It will be held on October 6 and 7 this year at the Expo 2020 Dubai This WGES is expected to have a broader scale as it is being held in conjunction with the expo Dubai is gearing up for the seventh edition of the World Green Economy Summit,...