AAIB, IFC, EBRD, and BII launch $500m sustainability bond to advance climate finance, support MSMEs
The Arab African International Bank (AAIB) has issued a $500m sustainability bond, backed by investments from IFC, the European Bank for Reconstruction and Development (EBRD), and British International Investment (BII). This initiative aims to advance Egypt’s green transition while supporting
Madbouly highlights significance of COP29 in reaffirming commitment to climate pledge ‘implementation’
Egypt’s Prime Minister Mostafa Madbouly emphasized the significance of the Baku Climate Change Conference, which is taking place amid regional and international crises, including wars, as well as increasing and unpredictable climate-related events. These challenges have led to significant economic
Climate crisis now an ‘economy-killer,’ Simon Stiell warns at COP29
The climate crisis is no longer a threat to future generations, but a present danger to economies worldwide, UN Climate Change Executive Secretary Simon Stiell warned at the COP29 World Leaders Climate Action Summit on Tuesday. “We used to talk
UK reveals plan to cut 81% of emissions by 2035, Global Witness raises concerns
British Prime Minister Keir Starmer announced a new emissions reduction target at the COP29 climate summit in Azerbaijan, vowing to lead the UK in cutting greenhouse gas emissions. The UK will now aim for an 81% cut in its emissions
Faith leaders call for climate finance rooted in justice, accountability at COP29
Faith leaders and advocates gathered at a COP29 side event, “Beyond Numbers: A Dialogue on the New Collective Quantified Goal from Faith and Ethical Perspectives,” to call for a climate finance model rooted in justice and accountability. The event, hosted
Egypt, UK strengthen ties, discuss investment, climate action
Egypt’s Minister of Planning and Economic Development, Rania Al-Mashat, welcomed Hamish Falconer, Parliamentary Under-Secretary of State (Middle East, North Africa, Afghanistan and Pakistan) at the Foreign, Commonwealth and Development Office of the United Kingdom, on his first visit to Egypt.
Egypt’s Al-Mashat discusses climate finance strategies, COP29 preparations with EU delegation – Dailynewsegypt
Egypt’s Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, met with the Head of the European Union (EU) Delegation to Egypt, Christian Berger, to discuss joint priorities and strategies for strengthening the strategic partnership between Egypt and the
Al-Mashat applauds Arab Coordination Group’s initiative to address climate crises – Dailynewsegypt
Global development finance landscape faces significant challenges, with funding gap now reaching staggering $4.2trn