CBUAE hosts events with Islamic finance infrastructure organisations to promote sustainable finance

The Central Bank of the United Arab Emirates (CBUAE) hosted several events with Islamic finance infrastructure organisations dedicated to sustainable Islamic finance. The events took place in Abu Dhabi on 27 and 28 November 2023, are part of CBUAE’s efforts to promote sustainable finance and expedite initiatives tackling climate change challenges. The events included the […]

Mumtalakat launches voluntary carbon offsetting platform “Safa”

Photo: H.E. Shaikh Abdulla bin Khalifa Al Khalifa, Chief Executive Officer of Mumtalakat Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, announced today the launch of its voluntary carbon offsetting platform, Safa, helping businesses and individuals  better understand and manage their carbon footprint by contributing to exemplary climate initiatives. This […]

UAE commits US$30bln in catalytic capital

Today, as world leaders gathered for COP28, the UAE announced a US$30 billion commitment to the newly launched catalytic climate vehicle, ALTÉRRA, that will drive forward international efforts to create a fairer climate finance system, with an emphasis on improving access to funding for the Global South. With this US$30 billion commitment, ALTÉRRA becomes the […]

Freshworks Appoints Mika Yamamoto as Chief Customer and Marketing Officer

Freshworks Inc., Inc. (NASDAQ: FRSH) today announced the appointment of Mika Yamamoto as the company’s Chief Customer and Marketing Officer. She will be responsible for leading the company’s global marketing and customer experience teams. Yamamoto comes to Freshworks from F5 (NASDAQ: FFIV) where she most recently served as the Executive Vice President and the Chief […]

Sancta Capital announces $43mln acquisition and growth debt funding of RSS

Sancta Capital, the alternative investment manager focused on special situations in the Middle East & North Africa, is pleased to announce the successful acquisition and growth debt funding of Rental Solutions & Services Limited (“RSS”), a leading tech-enabled temporary and backup power solutions provider with a 16-year operating history in the UAE, Saudi Arabia and […]

Global Private Capital Association and Middle East Venture Capital Association to collaborate

The Global Private Capital Association (GPCA) and the Middle East Venture Capital Association (MEVCA) announce a significant strategic partnership during Abu Dhabi Finance Week 2023.  The partnership will see New York and Singapore headquartered-GPCA, establish a permanent presence in the Middle East, with the support of MEVCA and the Abu Dhabi and regional ecosystem.  The […]

‘Al-Daheeh’ announced 1 Billion Followers Summit’s ambassador for its second edition

Renowned Egyptian content creator, Ahmed El Ghandour widely known as ‘Al-Daheeh’, has been unveiled as the ‘Ambassador’ of the 2nd edition of the world’s biggest gathering for content creation and creators – the 1 Billion Followers Summit. The event is being hosted by the Dubai-based New Media Academy (NMA) on January 10-11, 2024 at the […]

Deloitte report: Improved financing could save $50trln as the world decarbonizes

Ahead of  the 2023 United Nations Climate Change Conference (COP28), taking place in Dubai (30 November – 12 December 2023), the globally leading professional services firm, Deloitte, released a report titled Financing the Green Energy Transition, showcasing that new cost-reducing finance instruments can help de-risk green projects in developing economies while making investing in these […]

Dubai Welcomes a New Sparkling Addition: Eviqe DiamondsTM Launches a Certified Cutting-Edge Lab-Grown Diamond Production Facility

Dubai, known for its unsurpassed luxury and innovation, is now home to a groundbreaking UAE certified lab-grown diamond company that is set to redefine the luxury jewelry industry. PlasmabilityTM, Crossworks Manufacturing, a member of the HRA Group, Dubai Holding (SJM Group) and Bond have entered into a strategic partnership establishing Eviqe Diamonds, a technologically advanced […]