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Oil spill taints Kremlin plan to sell $4bn of green bonds

Bloomberg Russia’s state development bank wants to start turning the world’s biggest energy exporter into a hub for green finance days after a 20,000-ton diesel spill in the nation’s far north. VEB.RF, which has been used in the past to help finance President Vladimir Putin’s infrastructure projects, plans to set up guidelines for green bonds by the end of the ...

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Etihad flies goodwill flight to Costa Rica

ABU DHABI / WAM Etihad Airways operated its first ever flight from Abu Dhabi to San Jose, capital of Costa Rica. The goodwill flight transported Costa Rican citizens returning home, and humanitarian aid from the Government of the UAE, to help Costa Rica in its fight against Covid-19. The Boeing 787-9 was also carrying Dominican nationals returning from the UAE, ...

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Ministry launches first phase of Accrual Accounting Programme

DUBAI / WAM The Ministry of Finance (MoF) announced on Sunday the successful launch of the first phase of government entities to transition to accrual accounting. The process all took place during the work-from-home period, and demonstrates the creativity and flexibility afforded by the ministry, through the various remotely applied tech-solutions to ensure the development of the federal government financial ...

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