Abu Dhabi Future Energy Company (Masdar) has issued its first blue bond to support its European expansion. Blue bonds are a growing category of sustainable finance instruments designed to support water-related environmental goals.
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Markets dislike surprises, and the first half of October brought plenty. Between Oct. 6 and Oct. 12, Houthi missiles and drones struck three Saudi airports, including King Khalid International in Riyadh, the home base of Riyadh Air.
Saudi Awwal Bank has signed a memorandum of understanding with Playbook to advance collaboration in women’s entrepreneurship, knowledge sharing and financial services innovation.
When Saudi resident Reem Al-Dossari was asked what “net zero” meant, she thought it described a future in which factories, cars and businesses produced no emissions at all.
The Dubai Financial Services Authority (DFSA), the independent regulatory agency that oversees financial services in the Dubai International Financial Centre, has fined the Middle East unit of rating agency Moody’s for data-breach cases.
