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ECB gets new powers from EU over climate, crypto bank risks

BLOOMBERG Europe’s top banking watchdog will become more powerful as European Union (EU) lawmakers expand its remit to include risks linked to climate change and the rise of digital assets. As sweeping update of regulation detailed this week mandates the European Central Bank to monitor how lenders plan to transition to a net-zero carbon economy over the next three decades. ...

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Aster achieves reduction of 6,824 tCO2e in net emissions in FY23, announces 3-year ESG commitments

DUBAI/ GULF TIME Aster DM Healthcare, a leading integrated healthcare provider in GCC and India, has released its annual ESG Report, demonstrating an unwavering commitment to environmental sustainability, ambitious targets, and a proven record of positive impact. The company aligns its ESG practice with 10 key United Nations Sustainable Development Goals (UNSDGs), emphasizing its dedication to global objectives. In pursuit ...

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The Middle East and North Africa (MENA) out of home dining (OOHD) is projected to reach US$81.82 billion by 2028

DUBAI/ GULF TIME The Middle East and North Africa (MENA) out of home dining (OOHD) is projected to reach US$81.82 billion by 2028. The market value is expected to grow at a CAGR of 10.66% during the forecast period of 2023-2028, with full-service restaurants (FSR) and casual dining segment being the dominant segment owing to rising consumer’s disposable income. Research ...

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