ABU DHABI: A record amount of green debt has been raised this year by issuers in the United Arab Emirates (UAE) and Saudi Arabia ahead of a major global climate conference starting this week in Dubai.
Issuance in the Gulf States has reached US$14.6bil year-to-date, according to data compiled by Bloomberg, with the majority coming from borrowers in the UAE.
Another big chunk of the amount is a US$5.5bil multi-tranche bond by Saudi Arabia’s Public…
GCC Weekly™ curates, aggregates and disseminate socio-economic, technology and political news about the Gulf Corporation Council (GCC) member countries. Six Middle East countries that make GCC are Bahrain, Oman, Kuwait, Saudi Arabi, Qatar and United Arab Emirates.
GCC Weekly™, in collaboration with Arab Newswire, publishes and distributes press releases to media in the GCC countries. For more information on press release distribution, complete the form on the right or contact us by using any of the social media handles shown below.
WhatsApp: +1 832-716-2363
Skype: groupwebmedia
Telegram: @groupwebmedia
