Climate Investing

Mena funds dominate sovereign wealth spending

Sovereign wealth funds (SWFs) based in the Middle East have emerged as the top dealmakers in the first half of 2024. According to data platform...

UAE launches sustainability reporting rules

Financial supervisors in the UAE have launched a series of sustainability rules designed to bring the country into line with best international practice. The Principles...

ESG sukuk market forecast to exceed $50bn

A report from credit ratings agency Fitch Ratings has predicted that the ESG sukuk market will be worth more than US$50 billion within the...

BNY Mellon wins Lunate fund admin mandate

Lunate Capital, the Abu Dhabi-based alternative fund manager, has selected BNy Mellon as its fund administrator. US-based asset servicer BNY Mellon will provide global custody,...

UAE climate fund to invest $250bn by 2030

Alterra, the US$30 billion climate fund launched during the COP28 climate conference, is set to mobilise $250 billion of funds by 2030, according to...

Mashreq preps carbon offsetting platform

Oman-based Mashreq is the latest financial institution in the Mena market to take a step into the carbon trading market. The firm has signed a...

Cop28: All eyes on finance and climate action

From the usual suspects to lesser-discussed challenges and untapped opportunities, fund managers await Cop28 to unfold, writes Piyasi Mitra.  As the countdown to Cop28 commences, with...

Inspiring innovation: Private equity’s role in environmental solutions

The fight against climate change is gaining momentum, with 92% of global GDP now covered by net-zero targets. Crucially, this collective will to act...