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ESG Sukuk cross $33bln globally, set to grow further

By Press release on October 27, 2023
Outstanding ESG sukuk rose by 66% yoy to reach USD33.3 billion globally as of end-3Q23, and Fitch Ratings expects further growth over the medium term. The segment’s growth is driven primarily by governments’ sustainability initiatives and issuers’ funding diversification goals towards both the sharia and ESG-sensitive investors. ESG sukuk is expected to cross 7.5% of […]
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Unveiling the Future of Fashion: Sustainable Fashion Expo – Your Gateway to Sustainable Style!

By Press release on October 23, 2023
Get ready to immerse yourself in the world of sustainable style at the Sustainable Fashion Expo, a groundbreaking pre-COP28 and pre-Diwali event that is set to transform the way we view and embrace fashion. This unique event is scheduled to take place on the 4th of November at the University of Wollongong Innovation Center, Expo […]
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Arla Foods gears up for COP28 with a commitment to sustainable transformation and carbon neutrality

By Press release on October 12, 2023
Arla Foods, recognized as one of Denmark’s largest food producers and a global leader in the industry, aims to bring its transformative initiatives to the forefront of the international stage at COP28 in Dubai. Emphasizing their main highlights on the COP28, Mr. Kim Villadsen, Senior Vice President and Head of MENA, said, “At Arla, we […]
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EGA and Emirates NBD pioneer ESG-linked finance programme

By Press release on October 12, 2023
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, and Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, today announced the launch of an ESG-linked Supply Chain Finance (SCF) programme to advance sustainability in the aluminium giant’s supply chain. The innovative […]
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Beltone Capital, CRIF sign agreement to cooperate on ESG scoring, credit rating, and business information

By Press release on October 12, 2023
Beltone Capital, a wholly owned subsidiary of Beltone Financial Holding, has signed a framework agreement with CRIF, a global company specializing in credit and business information systems, analytics, outsourcing, and processing services, as well as advanced digital and open banking solutions for business development. The agreement covers potential cooperation in Egypt and the MENA region […]
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UAE businesses face growing demand for ESG action, landmark survey reveals

By Press release on October 12, 2023
A landmark survey revealed the continued strength of community expectations for environmental, social and governance (ESG) action among UAE corporations. Globally, business leaders are warned that public expectations for authentic action on ESG issues remain high in the face of cost-of-living pressures, and inaction — combined with silence about their efforts — could cost them […]
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 Samsung Engineering & Svante Unite in MoU for Carbon Capture advancements in Asia and the Middle East 

By Press release on October 6, 2023
Samsung Engineering and Svante Technologies Inc. (Svante) announced today that they have signed a memorandum of understanding (MoU) to develop and deliver commercial carbon capture, utilization and storage (CCUS) projects in Asia and the Middle East, targeting hard-to-abate heavy industries including cement, steel, hydrogen, fertilizer and more, using Svante’s novel solid sorbent-based carbon capture filter […]
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EWEC and Masdar sign landmark purchase agreement for power generated from the UAE’s first utility-scale wind programme

By Press release on October 6, 2023
EWEC (Emirates Water and Electricity Company), a leading company in the integrated coordination of planning, purchasing, and supply of water and electricity across the UAE, and Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s leading clean energy companies, have signed a Power Purchase Agreement (PPA) for power generated from the UAE’s […]
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Energy industry unites and demonstrates commitment to decarbonising at record breaking ADIPEC 2023

By Press release on October 6, 2023
ADIPEC 2023 closed today, with the global energy industry delivering a clear message that it is united in its commitment to decarbonise and to fast-track the energy transition, while continuing to meet global energy needs. The event achieved a record-breaking attendance of over 184,000, the largest edition of ADIPEC ever. Building on its nearly 40-year […]
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National Bank of Fujairah partners with Living Business to provide sustainability guidance to businesses

By Press release on September 18, 2023
National Bank of Fujairah (NBF) has announced a new partnership with Living Business, designed to provide comprehensive sustainability coaching services to business customers. As NBF continues its focus on embedding sustainability into the heart of its own business operations, this partnership will enable the bank to continue supporting its customers in doing the same, providing […]
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