Nasdaq Dubai has announced the listing of three Green Bond issuances totaling $1.72 billion by Industrial and Commercial Bank of China Limited (ICBC). These bonds were issued under ICBC’s $20 billion Global Medium Term Note Programme from its branches in Dubai (DIFC), Hong Kong, and Singapore. This move enhances ICBC’s status as the leading Chinese...
The Dubai International Financial Centre (DIFC) has announced the launch of the Future Sustainability Forum, a global platform designed to accelerate sustainable finance and innovation. This significant event is scheduled to take place on December 4 and 5, 2024, at Madinat Jumeirah in Dubai. The forum aims to foster collaboration among industry leaders, investors, policymakers,...
Dubai International Financial Centre (DIFC) has initiated the ‘1 Million Learners’ program as part of the DIFC Sustainable Finance Catalyst. This ambitious initiative aims to provide knowledge in sustainability and sustainable finance to one million individuals by the year 2030. The announcement was made at the Dubai FinTech Summit, which was hosted by DIFC at...
His Highness Sheikh Ahmed bin Saeed Al Maktoum, who serves as the President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group, recently met with Timothy Adams, the President and CEO of the Institute of International Finance (IIF). This meeting took place on the sidelines...
Nasdaq Dubai has officially welcomed a USD 500 million Green Sukuk issued by OMNIYAT, a prominent real estate developer based in Dubai. This three-year Sukuk is set to mature on 6 May 2028 and was issued as part of a USD 1 billion Trust Certificate Issuance Programme, with a profit rate of 8.375%. The proceeds...
Bank of Sharjah has successfully completed the issuance of a $500 million, three-year Green Sukuk for Omniyat Holdings, serving as Joint Lead Manager and Bookrunner alongside other international and regional banks. This issuance attracted exceptional investor demand, with the order book being oversubscribed by 3.6 times, showcasing strong interest from international and regional investors. The...
UAE’s Etihad Rail has announced a new sustainable finance framework aimed at funding green investments in the transport and infrastructure sector. This framework, unveiled recently, is designed to align the rail developer’s future financing with its environmental, social, and governance (ESG) strategy. The initiative is intended to offer expertise and insights to ensure compliance with...
Nasdaq Dubai has officially listed the Middle East’s first corporate Blue Bond, valued at $100 million, issued by DP World. This groundbreaking listing marks a significant step in the region’s sustainable finance progress. The bond, part of DP World’s $10 billion Global Medium-Term Note Programme, carries a coupon rate of 5.25 percent and will mature...
The Gulf Cooperation Council (GCC) is strategically harnessing the rising global demand for sustainable finance to diversify its economies and advance towards net-zero goals. A new report by KPMG Lower Gulf and First Abu Dhabi Bank (FAB) highlights the critical role that sustainable finance plays in fostering economic growth, job creation, and diversification throughout the...