Latest news with #MahmoudMohieldin
Zawya
26-05-2025
- Business
- Zawya
Al Baraka Group announced as global partner of the 2nd Global Islamic Economy Summit in Istanbul
Manama: Al Baraka Group (ABG) has announced its sponsorship as a Global Partner of the 2nd Global Islamic Economy Summit in Istanbul. This high-level summit, held under the theme: 'Islamic Economics Strategies: Path to an Influential Global Economy,' will take place at Istanbul Financial Center (IFC), from Friday May 30th to Sunday, June 1st 2025. With a legacy spanning over fifty years of leadership, Al Baraka Group continues through this strategic partnership to play a pivotal role in shaping the future of Islamic economics across continents. The Group is not merely a leading financial institution, but also a visionary force driving profound transformations to ward ethical economies, inclusive development, and global strategic dialogue. We are also proud and honored to announce that this prestigious summit is held under the presence of the President of the Republic of Türkiye, H.E. Recep Tayyip Erdoğan, who will officially opening the summit. The summit's agenda, attended by global influencers, top economists, and leading thought leaders, includes keynote speeches from H.E. Shaikh Abdullah Saleh Kamel, Chairman of the Board of Trustees of AlBaraka Forum, and H.E. Dr. Mahmoud Mohieldin, United Nations Special Envoy. The summit will also witness the official launch of the AlBaraka Islamic ESG Index, powered by Spectreco, and a special session held under the auspices of the Saleh Kamel Islamic Economics Award, featuring leading researchers from top Turkish universities. The summit's proceedings will be divided into six thematic panel sessions addressing strategic issues, including: The strategic roadmap for central banks in promoting Islamic economics, finance, and banking at the national and international levels; Strategic planning for the sustainable development of the Islamic economy (short- and long-term) ; Strategic Islamic economic planning; Economic strategies for sustainable growth in the Islamic economy; Strategies for social and environmental well-being, social justice, and economic empowerment; and Strategies for Islamic entrepreneurship and startups to achieve sustainable success. On this occasion, Mr. Houssem Ben Haj Amor, Board member and Group CEO of Al Baraka Group, stated: 'We are delighted to sponsor the second Al Baraka Summit in Istanbul, reaffirming our continued commitment to the values laid down by our late founder, Shaikh Saleh Kamel.' He added: 'Through our sponsorship of this summit, we reaffirm Al Baraka Group's role as a leading reference in Islamic banking and finance dedicated to establishing and advancing the Sharia-compliant foundations of economic transactions and the broader Islamic economy.' About Al Baraka Group: Al Baraka Group B.S.C. (C) is licensed as an Investment Business Firm – Category 1 (Islamic Principles) by the Central Bank of Bahrain. It is a leading international Islamic financial group providing financial services through its banking subsidiaries in 13 countries offering retail, corporate, treasury and investment banking services, strictly in accordance with the principles of Islamic Shari'a. The Group has a wide geographical presence with operations in Jordan, Egypt, Tunisia, Bahrain, Sudan, Turkey, South Africa, Algeria, Pakistan, Lebanon and Syria, in addition to two branches in Iraq and a representative office in Libya and provides its services in more than 600 branches. ABG's network serves a population totaling around one billion customers. The authorized capital of ABG is US$ 2.5 billion.
Al Etihad
15-05-2025
- Business
- Al Etihad
UAE leading model in economic diversification, AI adoption: UN Envoy
15 May 2025 15:42 ABU DHABI (WAM) United Nations Special Envoy on Financing the 2030 Agenda for Sustainable Development, Dr. Mahmoud Mohieldin, has praised the UAE as a pioneering model in the region for economic diversification, future-focused investment, and the strategic use of advanced technologies to drive sustainable to WAM, Dr. Mohieldin highlighted the UAE's robust economic growth, powered by the rising contribution of non-oil sectors and increased investments in technology and renewable energy, despite global economic challenges and volatility in emerging indicated that the UAE's economic policy has placed a strong emphasis on enhancing private sector participation and expanding investments in solar and wind energy, green hydrogen, and the peaceful use of nuclear UN officials also underscored the UAE's rapid shift toward digital transformation and artificial intelligence, not only as tools to improve operational efficiency but as key pillars for boosting economic competitiveness and creating new avenues for commended the country's efforts in building digital infrastructure and supporting innovation-driven enterprises and a regional level, he said that economic growth forecasts for the Middle East have been slightly revised downward, citing global trade tensions and a slowdown in international investment flows. According to international financial institutions, regional growth is expected to range between 2.5% and 2.7% this year, about one percent lower than the average for emerging markets and developing economies.
Arab News
28-01-2025
- Business
- Arab News
Mideast, North Africa region ‘among world's best' for renewable energy, says UN official as climate forum opens
RIYADH: The Middle East North Africa region is 'among the world's best locations for renewable energy,' a UN climate official told Arab News recently, ahead of a Bahrain climate conference that opened today. Mahmoud Mohieldin, the UN special envoy for financing the 2030 sustainable development agenda, shared his insights on the MENA region, financing climate and regional energy resilience. The third annual Sustainability Forum Middle East takes place on Jan. 28 and 29. Held under the patronage of Mohamed Bin Daina, Bahrain's minister of oil and environment and special envoy for climate affairs, the SFME is supported by the Supreme Council for Environment. The two-day event is expected to attract over 400 senior business leaders and sustainability experts from the region and beyond. The forum features more than 50 speakers from the MENA region, Europe, the UK, US and Brazil. 'The region is among the world's best locations for renewable energy, and MENA countries are becoming increasingly prominent players in that sphere.' 'Between 2013 and 2023, the Middle East region quadrupled its share of solar energy generation, and it is currently home to record low levelized costs of electricity for solar PV (photovoltaic power),' he said. While acknowledging the region's unique strengths, Mohieldin also highlighted challenges posed by geopolitical tensions and strained economic conditions. He stressed the importance of exploring mechanisms including carbon markets and debt swaps. 'Egypt's launch of its first regulated voluntary carbon market is a significant step toward achieving economic and environmental sustainability,' he noted. Commenting on the forum, Mohieldin said: 'Events like the Sustainability Forum Middle East are essential to building on the momentum generated by successive COPs (Conference of the Parties) in the region and driving further action.' On the topic of public-private collaboration, Mohieldin said: 'The private sector enjoys significant financial resources that can be directed toward sustainability. Almost half of climate finance provided worldwide between 2011 and 2020 came from the private sector.' Mohieldin also highlighted the transformative potential of technology and innovation in addressing climate challenges. 'Innovation is what made renewables today ubiquitously cheaper than any other energy source. Solar panel costs, for example, have fallen by around 20 percent for every doubling of global cumulative capacity,' he said. Mohieldin pointed to the rapid advancements in artificial intelligence as a double-edged sword, offering tools for predictive modeling and climate risk assessment while also raising concerns about the 'AI divide,' which could disadvantage developing countries. When asked about his expectations for this year's forum, Mohieldin outlined several key areas of focus, including hydrogen, water security, and Carbon Border Adjustment Mechanisms. 'The imminent implementation of CBAM will have notable consequences on critical industries in the region. Discussions at the forum should focus on synthesizing policy solutions to mitigate risks while using CBAM as an opportunity to nurture domestic or regional carbon markets,' he said. Mohieldin also called for a greater emphasis on turning the region into a contributor to advanced technologies, rather than just a user, to strengthen its role in global sustainability.
