Dubai is advancing its green economy objectives through significant investments in clean energy, smart mobility, and sustainable innovation. The emirate is implementing initiatives that include solar-powered urban developments and hydrogen projects, along with AI-driven energy management systems, aiming to transform urban living and global trade towards a low-carbon future. As Dubai strengthens its role as...
Sustainable bond issuances in the Middle East are projected to reach between $18 billion and $23 billion in 2025, with the UAE and Saudi Arabia expected to contribute around 60% of this total, according to S&P Global Ratings. This significant growth reflects the increasing focus on sustainable financing in the region. Currently, sustainable bonds represent...
FastBull Finance Summit has announced its inaugural event in Dubai, scheduled for April 16-17, 2025. The summit will take place at the renowned Coca-Cola Arena and aims to bring together industry leaders, investors, and financial experts for two days filled with important discussions, innovative trends, and valuable networking opportunities. The event will run from 10:00...
Emirates Integrated Telecommunications Company, known as du, has released remarkable financial results for the year 2024. The telecom operator reported a net profit surge of 49.1 percent, reaching AED 2.49 billion. Additionally, company revenues saw a 7.3 percent increase, totaling AED 14.64 billion, as reported by state media. The board of directors at du has...
The OPEC Fund for International Development is providing a loan of US$50 million to enhance the rehabilitation, upgrading, and maintenance of National Route PY22 and its access roads in the Concepción department of northern Paraguay. This funding is part of a larger initiative that includes a US$135 million loan from CAF – Development Bank of...
Aldar Properties, Abu Dhabi’s largest publicly listed developer, has secured a Dh9 billion ($2.45 billion) sustainability-linked revolving credit facility. The funding, obtained from a group of 15 UAE-based and international banks, strengthens Aldar’s liquidity position, now reaching nearly Dh27 billion. The five-year facility includes both conventional and Islamic financing options and is available in UAE...