finance

Coral, a UAE-based climate tech startup, announced this week that it has secured $3 million in its seed funding round. The startup, specialising in carbon emission management and offsetting solutions, …

Climate finance from multilateral development banks increased to $125 billion last year, according to a new report. The 2023 Multilateral Development Bank report prepared by the European Investment Bank (EIB) …

GCC private equity firm Gulf Capital has formally joined the Abu Dhabi Sustainable Finance Declaration (ADSFD), the firm announced this week. The Finance Declaration is a voluntary membership-based initiative led …

A new report from ActionAid has found that climate-destructive sectors are benefiting from subsidies amounting to an average of US$677 billion in the Global South every year. According to the …

Ruya, a digital Islamic community bank in UAE, has announced the launch of the ‘NatureProtect’ initiative in partnership with Sacred Groves, a nature-based community interest company. The two explained that …

This week, MUFG EMEA and Doha Bank announced the close of their first Green Repo scheme in the Middle East and North Africa (MENA) region. This is the first Green …

Emirates NBD Egypt has joined Chapter Zero Egypt, a climate governance association for business leaders in Egypt. The association, the first of its kind in Africa and the Middle East, …

The Bank of China (Dubai Branch) has listed a USD 400 million Green Bond on Nasdaq Dubai. According to Nasdaq Dubai, the issuance, due 2027, is rated “A” by S&P …

MENAT banking group Emirates NBD has assumed the role of Co-Chair of the MENA Chapter of the Partnership for Carbon Accounting Financials (PCAF). PCAF is an initiative led by the …