Tabreed, the world’s leading district cooling company, announced the successful closure of its inaugural AED 600 million Green Revolving Credit Facility (RCF) in partnership with First Abu Dhabi Bank (FAB) as the Green Coordinator, alongside Abu Dhabi Com...

Arabian Post Staff The members of the , have selected Saudi Arabia’s Minister of Finance Mohammed Aljadaan will be the new Chair of the International Monetary and Financial Committee (IMFC), the policy advisory body of the Board of Governors of the Intern...

K Raveendran GCC countries could become more vulnerable to the economic and financial impacts of physical risks from climate change over the next few decades if investments in adaptation and resilience stagnate, Standard & Poor’s said in a report. Acc...

K Raveendran UAE’s Al Habtoor group, which has made substantial investments in Lebanon, has urged the Lebanese government to compensate for the losses suffered by GCC companies due to the reckless actions of militias, putting the Lebanese state in futile...

Rosatom State Corporation and DP World have signed an agreement on strategic cooperation in the global market aimed at increasing the efficiency of international trade, primarily among the BRICS countries and their partners, and at creating seamless, sust...

Arabian Post Staff UAE Banks Federation (UBF) has pledged to mobilise over AED 1 trillion, which represents more than US$ 270 billion, in sustainable finance by the year 2030. Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation, announced the pledge at...

K Raveendran The green, social, sustainable, and sustainable-linked bonds (GSSSB) market–including sustainable sukuk–in the Middle East (GSSSB) is set to expand further, with the UAE and Saudi Arabia likely to remain the leaders, Standard & Poor’s sai...

Arabian Post Staff Dubai International Financial Centre (DIFC) announced the launch of its Sustainable Finance Catalyst to mark COP28’s Finance Day. DIFC’s Sustainable Finance Catalyst, which will be part of COP28’s legacy, aims to unlock opportunities an...

Arabian Post Staff Abu Dhabi Future Energy Company Masdar has agreed to advance the development of 10GW of clean energy projects in Malaysia. The implementation roadmap, signed with the Malaysian Investment Development Authority (MIDA) to develop up to 10...

Arabian Post Staff In a historic decision at the beginning of the 2023 United Nations Climate Change Conference in the United Arab Emirates, nearly 200 nations reached an agreement to establish a fund to assist countries grappling with the effects of glob...

Arabian Post Staff The OPEC Fund will sign partnership agreements with the International Atomic Energy Agency (IAEA) and the International Renewable Energy Agency (IRENA), as well as supporting new initiatives launched in cooperation with the Asian Develo...

Arabian Post Staff Dubai Future Forum 2023, organised by the Dubai Future Foundation, convened around 2,500 people to address some of the worlds’ greatest challenges and opportunities at the Museum of the Future. More than 150 experts in future foresight...

Arabian Post Staff Integrated healthcare provider Aster announced its board  has approved the separation of Aster’s India and GCC businesses, subject to regulatory and corporate approvals including Aster India’s shareholders’ approval. The separation plan...

K Raveendran The increasing engagement by Gulf countries with China is raising eyebrows in Washington, with reports suggesting indicating that Committee on Foreign Investment in the United States (CFIUS) is reviewing several multibillion-dollar deals ente...

Arabian Post Staff Investment Corporation of Dubai (ICD) announced record revenues of AED 145.1 billion and net profit of AED 28.3 billion in its consolidated financial results for the six-month period ended 30 June 2023. Revenues reached a record AED 145...