TDB’s Class C Green+ Shares launched at COP27, AfDB 1st investor to commit
This is the first equity instrument of its kind to provide a pathway for institutional investors to support climate action with risk capital
Islamic Development Bank provides $13bn financing for green projects
It is part of $24bn financing package from Arab Coordination Group
President Al-Sisi, Belgian PM open Global Renewable Hydrogen Forum
According to a joint statement, heads of state and government and representatives of various international institutions and bodies and the private sector participating in the roundtable welcomed the launch of…
Madbouly launches investment plan to implement national climate change strategy
The opening session was attended by David Malpass, President of World Bank Group; Kristalina Georgieva, Director General of the International Monetary Fund (IMF); Zainab Ahmed, Minister of Finance of Nigeria;…
Delayed climate justice is a death sentence for the vulnerable: Sherry Rehman at COP27
“There is a race against time now for adapting to the climate crisis, and those with better resources will adapt faster, whereas, for others, it will be delayed. In every…
US crude oil inventories up: API
Analysts had expected a surge of 1.1 million barrels for this week.
US embassy in Cairo supports Al-Azhar National Spelling Bee Competition in Egypt
Hundreds of kindergarten, primary, middle, and secondary school students from all governorates of Egypt will participate in this competition at the local, district, governorate, and regional levels. The final competition will…
Efficient and fair finance is the key to actual implementation of climate action: Egypt’s Climate Champion
He stressed that there is a large funding gap for development and climate action in developing and emerging countries estimated at $1.3 trillion until 2025, and this may increase to…
US government provides $15m to launch Red Sea initiative
Through an initial US government contribution of $15m the initiative plans to protect the Red Sea’s coral reefs and surrounding coastal ecosystem against the impacts of climate change and human activity; empower…
QNB Al-Ahli presents green and sustainable finance case studies in COP27
As a subsidiary of QNB Group — the largest financial institution in the Middle East and Africa — QNB Al-Ahli presented the group’s efforts in support of climate action by offering finances…