DUBAI: The UAE’s commitment to climate action with a pledge of 187 billion dirhams ($50 billion) is yet another milestone in its long history, according to Minister of Climate Change and the Environment Mariam bint Mohammed Al-Mheiri.
Due to the future-oriented vision of its wise leadership, he said the UAE has joined the ranks of countries that are at the forefront of the fight against climate change.
The UAE has introduced multiple roadmaps along the way to reinforce its commitment to climate action and the Paris Agreement.
Among these are the UAE Hydrogen Leadership Roadmap, which seeks to position the country as a world leader in producing and exporting green and blue hydrogen, and the UAE Net Zero by 2050 Strategy.
MBank and ADX sign agreement to facilitate IPO subscriptions
Abu Dhabi Securities Exchange has signed an agreement with UAE’s Al Maryah Community Bank to facilitate subscription of initial public offering while streamlining the process of obtaining a National Investor Number.
The deal will allow customers to create a NIN digitally and self-subscribe to IPOs on the ADX using MBank’s mobile app and online channels.
During the past year, ADX has expanded its product offerings to include exchange-traded funds, derivatives, and special purpose acquisition companies. With IPOs and listings and increased demand from international investors, the exchange’s market capitalization exceeded 2 trillion dirhams ($544.2 million), the press release added.