#Sustainable Finance
The country has been encouraging issuers to raise green and sustainability-linked bonds, and sukuk to accelerate its transition to a low-carbon economy
The banking group is expanding its target to include transition financing projects and early-stage innovative climate solutions such as green hydrogen
The loan will be used to finance or refinance eligible sustainable development projects covering a range of areas, including renewable energy
The waiver applies to all new and repeat issuers who make a relevant application to the Dubai Financial Services Authority
In addition to the commitment, the CBUAE highlighted the solutions of the COP28 UAE TechSprint – a global initiative launched by the central bank
The issuance attracted interest from more than 100 global and regional investors with the final order book closing at $2.6bn
The banking group’s operating income reached Dhs7bn in Q3 2023, a 27 per cent YoY increase compared to Dhs5.5bn in the third quarter of 2022
UN Secretary-General António Guterres, in a statement, urged forum participants to put the SDGs Stimulus Package into effect
The banking sector is playing a crucial role in combating climate change by providing green financing and supporting climate initiatives
The UAE banks invested in various projects in renewable energy, waste-to-energy, and green technology in 2022
First Abu Dhabi Bank has structured green financing for the development of renewable energy projects, the construction of energy efficient buildings and infrastructure development for sustainable water management
First movers with defined sustainability targets enjoy better financing terms, including a lower weighted average cost of capital
Kuwait Investment Authority has applied the ESG standard set by an independent globally-recognised ESG benchmark provider