The Finance World Magazine| Edition: September 2023
The Middle East is currently experiencing a transformative era characterized by sustainability and governance, known as the Middle East's Green Renaissance. At the heart of this movement is the Environmental, Social, and Governance (ESG) framework, which is reshaping corporate success by placing a strong emphasis on transparency, accountability, and responsible global citizenship. ESG investing is reshaping financial markets, aligning financial gains with societal and environmental impacts. The Middle East has pledged significant net-zero commitments, underscoring its commitment to environmental stewardship. As the Middle East prepares to host COP28 in Dubai, it remains committed to sustainability. This edition explores the Middle East's ESG journey, from milestones to future horizons. This edition provides insightful perspectives across diverse sectors within the UAE. it provides insights on certain areas of focus, such as The Key to Mitigating Risks in Stock Market Portfolios, Cross-Border M&A: Challenges and Opportunities in Global Transactions, Risk Management Best Practices for Ensuring Business Continuity, Fintech Innovations Shaping the Future, and many more articles that offer critical analysis and insights on current trends and issues in the business and investment domains. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
The Middle East is currently experiencing a transformative era characterized by sustainability and governance, known as the Middle East's Green Renaissance. At the heart of this movement is the Environmental, Social, and Governance (ESG) framework, which is reshaping corporate success by placing a strong emphasis on transparency, accountability, and responsible global citizenship.
ESG investing is reshaping financial markets, aligning financial gains with societal and environmental impacts. The Middle East has pledged significant net-zero commitments, underscoring its commitment to environmental stewardship.
As the Middle East prepares to host COP28 in Dubai, it remains committed to sustainability. This edition explores the Middle East's ESG journey, from milestones to future horizons.
This edition provides insightful perspectives across diverse sectors within the UAE. it provides insights on certain areas of focus, such as The Key to Mitigating Risks in Stock Market Portfolios, Cross-Border M&A: Challenges and Opportunities in Global Transactions, Risk Management Best Practices for Ensuring Business Continuity, Fintech Innovations Shaping the Future, and many more articles that offer critical analysis and insights on current trends and issues in the business and investment domains.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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UAE Banking News<br />
Abu Dhabi Islamic Bank Boosts Digital Transformation with Cloud Migration<br />
Abu Dhabi Islamic Bank<br />
(ADIB), a leading Islamic<br />
financial institution,<br />
announced the successful<br />
migration of a significant portion<br />
of its applications and workloads,<br />
including customer-facing platforms<br />
and core banking applications, to the<br />
Azure Cloud, using advanced cloud<br />
computing services like Blockchain,<br />
AI, and Data warehouse. This move<br />
enhances the bank’s infrastructure,<br />
offering customers a seamless and<br />
convenient banking experience within<br />
a cloud-based ecosystem. ADIB’s<br />
commitment to digital transformation<br />
and customer-centricity led them to<br />
select Cloud4C as their partner for<br />
this transformation project, benefiting<br />
from their expertise in Azure cloud<br />
and extensive financial services experience.<br />
<strong>The</strong> migration allows ADIB<br />
to rapidly deploy new applications<br />
while ensuring the highest security<br />
standards.<br />
Nasdaq Dubai Lists Dar Al-Arkan’s $600M Sukuk<br />
Nasdaq Dubai recently welcomed<br />
the listing of a $600M<br />
sukuk by Dar Al-Arkan<br />
Sukuk Company Ltd, Saudi<br />
Arabia’s leading residential property<br />
developer. <strong>The</strong> sukuk is part of a $2.5B<br />
Trust Certificate Issuance Programme<br />
and matures in 2029. This marks Dar<br />
Al-Arkan’s 13th issuance and 9th<br />
under the programme, reflecting the<br />
unwavering support of their investors.<br />
<strong>The</strong> total value of Dar Al-Arkan’s<br />
listed securities on Nasdaq Dubai<br />
now stands at $2B, comprising four<br />
sukuks. Nasdaq Dubai’s CEO, Hamed<br />
Ali, extended congratulations and reaffirmed<br />
the exchange’s commitment<br />
to fostering growth and providing a<br />
transparent marketplace for issuers.<br />
12 www.thefinanceworld.com <strong>September</strong> <strong>2023</strong>
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