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Global debt relief to unlock $400bn in climate finance

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  Bloomberg Relieving poor countries of their debt burdens and creating innovative financial instruments could help free up more than $400 billion to help people suffering the most from warming temperatures, according to a new study. Immediate debt relief would unlock about $105 billion that could be directed toward mitigating climate change and preparing developing nations for its effects, the ...

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ADFD, Adex ink deals to finance Bahrain’s water network project

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  Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) and the Abu Dhabi Exports Office (Adex) signed two loan agreements with the Electricity and Water Authority in Bahrain to finance a water supply network project. Under the agreements, ADFD has committed to provide a loan of AED150.6 million, and Adex to provide a loan of AED187.32 million. The ...

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UAE, Turkey to enhance cooperation in key areas

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  Dubai / WAM A UAE delegation, led by Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, has concluded a two-day visit to Turkey, to enhance cooperation and explore new areas for future collaboration, especially in the energy, industry and advanced technology sectors. The visit also included meetings with senior government and private sector officials and ...

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