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Ahead of the UAE’s hosting of  the COP28 climate summit, a record amount of green debt has been raised by issuers in the UAE and Saudi Arabia. This surge of sales occurs as the largely oil-dependent GCC nations seek to enhance their environmental image by highlighting their green initiatives prior to the climate summit.

Green bond sales surge in UAE before it hosts climate summit

Ahead of the UAE’s hosting of  the COP28 climate summit, a record amount of green debt has been raised by issuers in the UAE and Saudi Arabia. This surge of sales occurs as the largely oil-dependent GCC nations seek to enhance their environmental image by highlighting their green initiatives prior to the climate summit.

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