IFC, Axis Bank launch $500m blue finance initiative in India
The International Finance Corporation (IFC) has partnered with Axis Bank to provide a $500 million loan aimed at…
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climate finance
Global climate finance reaches $125b in ’23
Multilateral development banks (MDBs) announced that their global climate finance reached a record $125 billion in…
WB achieves record $42.6b in climate finance for FY ’24
The World Bank (WB) has announced a record $42.6 billion in climate finance for fiscal year 2024, marking a 10 per…
UAE’s $30b climate fund gears up for new investments
The United Arab Emirates' $30 billion climate finance fund, Alterra, is preparing for its next investment phase…
Egypt’s private sector attracts $10.3b investments in 4 years
Egypt has facilitated $10.3 billion in funding and investments for the private sector over the past four years,…
British lender announces $100m financing pact for Africa
British International Investment, a development lender, announced a $100 million financing agreement with TDB.
COP29 still without host as Russia blocks Bulgaria’s bid
Russia, which is facing sanctions from the European Union due to its war in Ukraine, is objecting to the idea of…
Egypt, Italy sign green electric corridor MoU at COP28
The German Siemens Energy Group and the Italian Prysmian Group announced on Tuesday the signing of a memorandum of…
OPEC chief warns of energy chaos if oil left underground
At the COP28 summit in Dubai, Organisation of the Petroleum Exporting Countries (OPEC) Secretary-General Haitham…
Egypt’s strategy for lower methane emissions underway – oil minister at COP28
Egypt plans to develop a local strategy designed to reduce methane emissions, Minister of Petroleum and Mineral…
