Arab Finance: Mashreq, a leading financial institution in the MENA region, will support and sponsor the 2023 United Nations Climate Change Conference (COP28) as Associate Pathway Partner, according got an emailed press release.

COP28 will take place in the UAE from November 30^th to December 12^th.

This move builds on Mashreq’s successful sponsorship of COP27 in 2022, as it was the only bank in the MENA region to sponsor the conference.

The announcement comes in line with Mashreq’s target to reach $30 billion in sustainable financing by 2030.

The bank has already facilitated $20 billion of sustainable finance and adaptation-related investments in the UAE, Egypt, India, Bahrain, and Qatar during of the first half (H1) of 2023.

“This sponsorship is fully aligned with our commitment to close the financing gap by directing capital flows to transition projects that will help advance the UAE’s 2023 Year of Sustainability vision and move the needle towards Net Zero by 2050,” Ahmed Abdelaal, Mashreq Group Chief Executive Officer, commented.

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