Categories: Business

Mashreq Bank to facilitate sustainable financing worth $30bn by 2030


Thu, 2022-11-10 08:36

SHARM EL-SHEIKH: Mashreq Bank, the oldest privately owned bank in the UAE, will increase the amount of its sustainable financing to $30 billion by 2030, a senior official said. 

“There’s a huge appetite for green and other forms of sustainable finance, and we only see it is increasing,” Tarek El-Nahas, senior executive vice president and group head of international banking at Mashreq Bank, told Arab News.  

He added: “The regional economy is still very robust, and MENA is the fastest growing region globally, so we are not seeing downward pressure here.”    

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

India’s Coaching Industry Faces Growing Scrutiny as Exam Leaks Deepen Pressure on Students

For millions of Indian families, becoming a doctor, engineer or lawyer remains one of the…

44 minutes ago

Israel reopens evacuated West Bank settlement, defying growing international protests

Samer is partially blind and has a leg injury that makes moving difficult."Fear dominates everything.…

6 hours ago

Wellness habits you can start today – at no (or little) cost

The cost of studio memberships can be pretty high, so people are increasingly organising their…

11 hours ago

US says sanctions will ‘squash’ Iran’s economy and ‘collapse’ its regime

The Iranian economy has long been struggling under the weight of decades of international sanctions,…

15 hours ago

UK, France, Germany, Italy and Canada condemn Israel’s West Bank settlement project

Despite an Israeli court challenge to the plans by Bedouin Palestinians living in the area…

16 hours ago

North Korea launches 10 ballistic missiles as US-South Korea drills near end

South Korea’s presidential office condemned North Korea’s launch of more than 10 short-range ballistic missiles…

19 hours ago