Emirates NBD Partners with Siemens to Boost Green Infrastructure Funding in UAE
Emirates NBD has joined forces with Siemens to launch a pioneering finance and resourcing agreement aimed at accelerating green infrastructure development across the UAE.
The agreement marks the outcome of a strategic collaboration that blends finance, technology, and sustainability in support of the UAE's Net Zero by 2050 Strategic Initiative. It introduces a unique credit framework and a tailored suite of financing tools designed to fund green projects from initial installation through their full lifecycle, including decarbonisation efforts.
Siemens approached Emirates NBD to help design the structural, technical, and administrative backbone of the agreement. The result is a forward-looking financial model that enables greater access to capital for sustainable infrastructure.
Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, said the deal reflects the bank's commitment to supporting the UAE's climate ambitions and deepening partnerships with global firms that share its ESG values. 'By working closely with Siemens, we're unlocking new opportunities in energy efficiency and sustainable technologies,'
he said.
Helmut von Struve, CEO of Siemens in the UAE, emphasised the importance of speeding up implementation of existing energy-efficient technologies to meet global climate targets. 'Decarbonising infrastructure is essential to the energy transition,'
he noted.
The partnership reinforces both organisations' roles in driving sustainable innovation and creating scalable solutions for the UAE's evolving green economy.
News Source: Emirates News Agency
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
9 hours ago
- Zawya
Mideast Stocks: Gulf bourses end mixed on US-China trade-talks
Stock markets in the Gulf ended mixed on Wednesday as there was little progress in U.S.-China trade talks, dashing hopes it would ease long-standing tensions between the world's largest economies. Top officials of both countries said on Tuesday they agreed on a framework to get their trade truce back on track and remove China's export restrictions on rare earths, while offering little sign of a durable resolution. Saudi Arabia's benchmark index - which traded after a four-session eid break - gave up early gains to finish flat. Meanwhile, the kingdom's crude oil supply to China is set to dip slightly in July, Reuters reported on Tuesday, citing trade sources, but still strong for a third straight month as the OPEC kingpin regains its market share supplying the world's top crude importer. Dubai's main share index eased 0.1%, hovering around 17-year high, with top lender Emirates NBD losing 2%. The Dubai stock market remained relatively flat, suggesting potential uncertainty as the market hovers near 17-year highs, which may prompt some investors to engage in profit-taking, said Joseph Dahrieh, Managing Principal at Tickmill. In Abu Dhabi, the index inched 0.1% higher, with ADNOC Gas gaining 1.2%. ADNOC Gas said on Tuesday it had taken a final investment decision on the first phase of its Rich Gas Development (RGD) Project, awarding $5 billion in contracts to expand and improve efficiency at the project. The Qatari index added 0.2%, with Qatar Gas Transport increasing 2.8%. Outside the Gulf, Egypt's blue-chip index was up 0.1%, helped by a 2% rise in Commercial International Bank . SAUDI ARABIA was flat at 11,005 Abu Dhabi up 0.1% to 9,805 Dubai eased 0.1% to 5,596 QATAR added 0.2% to 10,713 EGYPT up 0.1% to 32,935 BAHRAIN down 0.1% to 1,923 OMAN rose 0.2% to 4,592 KUWAIT gained 0.7% to 8,983 (Reporting by Ateeq Shariff in Bengaluru; Editing by Leroy Leo)
Zawya
12 hours ago
- Zawya
KEO strengthens global sustainability leadership with strategic acquisition of Meehan Green, Ireland
Dubai/Dublin – KEO International Consultants (KEO), a globally recognized leader in multidisciplinary consulting, today announced the acquisition of Meehan Green, one of Europe's leading green building consultancies. This strategic move amplifies KEO's Sustainability + Environment Division – the largest in the Middle East and one of the largest waste management consultancies in the world – while accelerating its expansion into Europe and reinforcing its commitment to delivering cutting-edge ESG, decarbonization, and green building solutions worldwide. Following the acquisition, Meehan Green will operate as Meehan Green, a KEO Company, combining its deep regional expertise with KEO's global scale, innovation, and sustainability capabilities. Donna Sultan, President and CEO of KEO said, 'We are pleased to welcome Meehan Green to KEO. Their specialized expertise and strong reputation in Ireland and throughout Europe add important capabilities to our Sustainability + Environment Division. This partnership allows us to better serve our clients pursuing ambitious green building standards in Europe and beyond, while staying true to our shared commitment and passion to practical, innovative solutions'. Nellie Reid, LEED Fellow, Managing Director of Meehan Green, added, 'This is an exciting next step for our business. Joining KEO empowers us to elevate our legacy of sustainability leadership in Ireland and beyond. By uniting our local insights with KEO's global reach, we can deliver transformative results for clients—bridging policy, innovation, and execution to meet the urgent demands of a decarbonizing world'. KEO's Sustainability + Environment Division, led by Christian Millar, is renowned for its multidisciplinary approach. Its team of engineers, biologists, scientists, architects, and policymakers are pioneers of green progress, fueled by continuous research and a passion for innovative solutions. By pushing sustainability boundaries, KEO delivers solutions that not only exceed benchmarks, but also drive meaningful change for communities and the planet. With the addition of Meehan Green's specialized team, KEO further solidifies its position as the partner of choice for organizations navigating complex sustainability, ESG, and net-zero challenges. Millar emphasized, 'Meehan Green's proven track record in high-performance, green building certifications and whole building lifecycle carbon analysis aligns seamlessly with our vision. This acquisition isn't just about growth. It's about amplifying our collective ability to turn sustainability ambitions into measurable outcomes. Clients across Europe and the Middle East will now have access to an even deeper reservoir of expertise'. The combined teams will immediately collaborate on active projects in Ireland, Europe, and the Middle East, with plans to scale operations in Ireland and Europe to meet rising demand. KEO's investment in Meehan Green underscores its long-term strategy to lead the global sustainability transition through innovation, talent, and geographic diversification. -Ends- About KEO International Consultants - A highly integrated and agile creative AEP/PMCM enterprise where innovation is a way of life. KEO, together with its Allied Practices, is an independent, multi-disciplinary firm recognized for excellence performing professional services as a trusted partner for 60+ years. From shaping iconic skylines to crafting sustainable communities, KEO serves clients and builds legacies for a better tomorrow. Its core values of agility, empathy, advocacy, pragmatism, dedication and integrity guide the expertise of its 2,600+ perceptive problem solvers who help clients shorten the distance between inspiration and realization. These highly talented multinational professionals operate from 12 offices across two continents. Contact Information: Molly Brannon, Executive Director, Global Marketing About Meehan Green - We are trusted advisors in your path to zero carbon, healthier, and more resilient building portfolios. Meehan Green was established in Ireland in 2016, in response to client demand for an Irish-based, independent sustainability consulting practice to serve the local market. We have continued to support those original clients and have expanded our client base throughout Europe serving multinational organizations in the technology, financial and biopharmaceutical sectors. Meehan Green is the only LEED Proven Provider based in Ireland and offers specializations in multiple green building certifications and assessment methods, including LEED, WELL, Fitwel, HPI, BREEAM and WBLCA. Contact Information: Nellie Reid, Managing Director mail@
Hi Dubai
13 hours ago
- Hi Dubai
Dubai Businesses Embrace ESG as Awareness and Adoption Rise in 2025
A new survey by the Dubai Chamber of Commerce reveals a sharp rise in awareness and implementation of Environmental, Social, and Governance (ESG) practices among companies in the emirate, marking a shift towards more responsible and sustainable business operations. Conducted by the Centre for Responsible Business, the 2025 ESG Pulse Survey found that 72 percent of participating companies are familiar with ESG standards, and half are actively adopting ESG-related initiatives. The findings reflect growing momentum among Dubai's business community to align with global sustainability standards. Corporate values and institutional goals were cited as the main drivers behind ESG implementation, followed by regulatory compliance and the desire to enhance reputation and competitiveness. Large companies led the way in adoption, with 87 percent confirming active ESG initiatives. Multinational corporations followed closely at 83 percent, while 46 percent of SMEs reported similar efforts. Among sectors, professional, scientific, and technical activities topped the list, with 55 percent of firms implementing ESG initiatives. The insurance, financial services, and real estate sector followed at 52 percent, with the transport and storage sector at 50 percent. On the environmental front, waste management emerged as the top initiative, followed by efforts to reduce pollution, address climate change, and promote sustainable procurement. Social initiatives focused primarily on transparency and communication, while governance priorities included ethics, compliance, leadership, and risk management. The survey also highlighted growing circular economy practices, with businesses adopting advanced recycling, collaborating with external stakeholders, and developing sustainable products. The findings signal a notable shift in how companies across Dubai are aligning with ESG standards—driven not only by regulation but also by a broader commitment to long-term value and responsible growth. News Source: Emirates News Agency
