First Abu Dhabi Bank joins Blue Economy Principles
The article focused on Abu Dhabi First Bank's joining of the United Nations Principles for Responsible Banking, becoming the first bank in the Middle East and North Africa region to sign these principles. The bank aims to finance projects related to water and the blue economy amounting to 100 billion dirhams between 2026 and 2035, in support of sustainability and environmentally focused initiatives. This step is part of the UAE Water Security Strategy 2036 and seeks to strengthen the role of the financial sector in mobilizing capital for sustainable water infrastructure projects, including reuse and advanced technologies, aligning with the country's efforts to secure water resources and achieve sustainability. By mid-2026, the bank had achieved sustainable financing totaling 395 billion dirhams, committing to continue supporting sustainable finance beyond 2030.
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