Financial and professional services Archives - Page 2 of 6 - Living Business

category="<a href="https://livingbusiness.com/category/environment/transportation-and-travel/electric-vehicle-charging/" rel="tag">Electric vehicle charging</a>,<a href="https://livingbusiness.com/category/environment/transportation-and-travel/electric-vehicles/" rel="tag">Electric vehicles</a>,<a href="https://livingbusiness.com/category/environment/" rel="tag">Environment</a>">Industry: Financial and professional services

ADIB partner with Tesla to offer affordable electrical vehicle financing

Published on April 1, 2024

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has announced the signing of an affiliate partnership agreement with Tesla, to offer financing to Tesla car buyers at affordable profit rates starting 1.79% through ADIB’s electrical car financing program “ VOLT”. The partnership will also provide Tesla buyers a free wall charger and complimentary […]

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

Published 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 […]

Ajman Bank signs MoU with KPMG for developing ESG framework

Published 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 […]

ADCB, Schneider Electric sign two deals to finance green, sustainable projects in Egypt

Published on February 19, 2024

Abu Dhabi Commercial Bank – Egypt and Schneider Electric, a leader in digital transformation of energy management and automation, announced a strategic partnership through signing two memorandums of understanding (MoUs). The first MoU aims to establish a framework for cooperation to finance green and sustainable projects in Egypt, by providing micro-grid solutions to Schneider Electric’s […]

Gulf Bank launches environmental sustainability Initiative

Published on February 19, 2024

Following the specified timeline, Gulf Bank has launched the “A Step Towards Change" environmental sustainability initiative, aimed at shifting societal habits by promoting the use of reusable bags, in partnership with Al-Shamiya and Al-Shuwaikh cooperative society. Over the course of a week, the initiative involves distributing around 20,000 reusable bags at the Al-Shamiya and Al-Shuwaikh co-op, accompanied […]

Mashreq, UAE fintech Fils to launch carbon offsetting services

Published on January 26, 2024

Mashreq, a leading financial institution, has signed a Memorandum of Understanding (MoU) with the UAE-based fintech firm, Fils, to develop a corporate carbon offsetting offering. This helps corporate and institutional clients to integrate carbon offsetting directly from their Mashreq corporate accounts. Fils is a groundbreaking, enterprise-grade, digital platform that provides the underlying infrastructure for financial […]

QIIB publishes inaugural Sustainable Finance Framework in Qatar

Published on January 12, 2024

QIIB has published its inaugural ‘Sustainable Finance Framework’, which aims to finance projects that contribute to positive environmental and social benefits. QIIB can leverage on the framework to issue green, social or sustainability-labelled sukuk and other financing products that are aligned with the International Capital Market Association (ICMA)’s Green Bond Principles, Social Bond Principles, and […]

NBK hosts a workshop to raise media awareness of sustainability and climate change issues

Published on January 8, 2024

National Bank of Kuwait (NBK) took a pioneering step by organizing a workshop, the first of its kind in Kuwait, inviting diverse media outlets and newspapers. The focus was on showcasing ESG initiatives, along with discussions on strategies to promote awareness about sustainability and climate change concerns. Dr. Ehab Shalaby, Chairman and CEO of DCarbon Global, […]

CBD signs the uae climate-responsible companies pledge with the MOCCAE

Published on October 27, 2023

Commercial Bank of Dubai (CBD), one of the UAE's leading national banks, is proud to announce its commitment to a sustainable future by signing the UAE Climate-Responsible Companies Pledge in collaboration with the Ministry of Climate Change and Environment (MOCCAE). This pledge is a pivotal initiative launched under the UAE Net Zero by 2050 Strategic […]

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

Published 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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