Banking
UAE Banks Federation pledges $272bn in sustainable financing at Cop28
Lenders are making financial and strategic commitments to help the Emirates fulfil its net-zero goal by 2050, UBF chairman says
The commitment is aimed at fulfilling the UAE's ambitions of reaching its goal of net zero by 2050. The National
The US is likely to be reluctant to cut interest rates because of higher inflation. BloombergInvestors optimistic for 2024 despite global economy to continue to slow
Economy
A floating solar power plant at a reservoir in Denpasar, Bali, Indonesia. Major investments of $5 trillion to $7 trillion per year are needed through to 2050 in the energy sector to drive the green energy transition but less than $2 trillion is currently spent each year. EPAImproved financing could save the world $50tn in its decarbonisation drive
Road to Net Zero
Kingdom Holding has increased its stake in Citigroup. ReutersKingdom Holding boosts Citigroup stake in $450m deal
Banking
Khaled Balama, UAE Central Bank Governor, and Pan Gongsheng, Governor of the People’s Bank of China, renew a bilateral currency swap agreement for five years in Hong Kong. Photo: Central Bank of the UAEUAE Central Bank renews $4.9bn currency swap deal with China
Banking
Banking
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