Middle East

“World’s largest desalination project in UAE secures $758mln green loan” – Zawya – March 12, 2020

On March 12, 2020 Zawya reported that “(t)he UAE has made a big stride in the Environmental, Social and Governance (ESG) -linked project finance landscape worldwide. On Wednesday, a desalination project, majority-owned by Abu Dhabi government secured a sustainability-linked loan certification, for its global project called Taweelah Independent Water Project (IWP). The $758 million loan […]

“UAE guiding principles on sustainable finance credit positive for banks” – Saudi Gazette – January 26, 2020

On January 26, 2020 Saudi Gazette reported that the “United Arab Emirates (UAE, Aa2 stable) published its first set of guiding principles on sustainable finance during the second edition of the Abu Dhabi Sustainable Finance Forum on Sunday. The guiding principles will contribute to UAE banks’ understanding and management of environmental, social and governance (ESG) […]