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Modernization, sustainability, AI: Key trends shaping corporate banking’s future

By Third party content on April 1, 2024
A recent corporate banking event series hosted by Finastra, a leading provider of financial software applications and marketplaces, brought together industry leaders from banks, financial institutions, and technology companies in Dubai and London. The focus of the series was on the trends, challenges, and opportunities facing financial institutions in today’s dynamic landscape. Key discussions centred […]
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Burjeel Holdings announces plan to become Carbon Neutral by 2040

By Third party content on March 22, 2024
Burjeel Holdings has announced a new long-term Environmental, Social, and Governance (ESG) strategy, setting ambitious targets across four key pillars, in a bold move towards sustainable practices. At the heart of this strategy is a pledge to achieve carbon neutrality by 2040, signaling a shift towards a greener, more equitable future. Dr. Shamsheer Vayalil, Founder […]
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COP28 goal of tripling renewables feasible only with urgent global course correction: IRENA

By Third party content on March 22, 2024
A new report released by the International Renewable Energy Agency (IRENA) confirms that achieving the global target set at COP28 to triple renewable power capacity by 2030 relies heavily on establishing conducive conditions for such growth. Tripling renewable power capacity by 2030 is technically feasible and economically viable, but its delivery requires determination, policy support […]
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UN warns 'planet on the brink' after warmest decade on record

By Third party content on March 22, 2024
Global heat records were "smashed" last year, the UN confirmed Tuesday, with 2023 rounding out the hottest decade on record, as heatwaves stalked oceans and glaciers suffered record ice loss. The United Nations' World Meteorological Organization issued its annual State of the Climate report, confirming preliminary data indicating that 2023 was by far the hottest […]
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DEWA reduces carbon emissions by 92.5m tonnes with production efficiency

By Third party content on March 15, 2024
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), has revealed that DEWA made a significant achievement in improving electricity and water production efficiency, with a 41.73 percent increase in 2023 compared to 2006. This equates to a cumulative reduction of 92.5 million tonnes of carbon dioxide emissions between 2006 […]
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UAE Council for Climate Action assesses country’s progress

By Third party content on March 15, 2024
The UAE Council for Climate Action has sought ways to develop sustainable and cutting-edge financial frameworks for green projects by creating a platform for the commercialisation of carbon as a tradeable asset on local markets. The project will offer optional participation and mandatory application in case of participation, to guarantee alignment with the stipulations outlined […]
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Realising UAE Net Zero 2050 to ‘grow country’s GDP to $1trln’

By Third party content on March 8, 2024
Realising UAE Net Zero 2050 could help the country grow its GDP by approximately $1 trillion, says Green Future Project (GFP), a B-Corp providing corporate sustainability solutions. Briano Martinoni, Co-founder and Chief Commercial Officer at GFP, details why UAE stakeholders play in achieving this realisation. By 2080, collaboration between federal and local governments, the private […]
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Positive Zero launches new brand, consolidates subsidiaries under one company

By Third party content on March 1, 2024
Positive Zero, a decentralised decarbonisation infrastructure business headquartered in the UAE and dedicated to empowering a new energy economy in the Gulf Cooperation Council (GCC) region, officially launched its new brand identity at the Museum of the Future yesterday as a consolidated platform for clean distributed power generation, energy efficiency, and sustainable mobility. The event […]
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Ajman Bank signs MoU with KPMG for developing ESG framework

By Third party content on March 1, 2024
Ajman Bank announced the signing of a strategic partnership with KPMG ESG Services, marking a significant milestone in its commitment to environmental, social, and governance (ESG) principles. The collaboration aims to develop Ajman Bank’s inaugural ESG Framework, a roadmap, and a long-term vision for sustainability. The UAE’s declaration of 2023 as a year dedicated to […]
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EGA breaks ground on 100% green energy data centres

By Third party content on March 1, 2024
Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, has broken ground on the region’s first 100% renewable energy powered industrial data centres at its Jebel Ali and Al Taweelah sites. The new data centres will enable EGA to further deploy artificial intelligence and automation solutions at the heart […]
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