UAE organizations pledged over USD 150 mn at the AVPN Global Conference 2024, backing global health, poverty alleviation, species conservation, and entrepreneurship, according to the Abu Dhabi Media Office. The conference saw the largest funding commitments on record, including a USD 50 mn commitment to the Lives and Livelihoods Fund 2.0 and a USD 15 mn commitment to the Global Institute for Disease Elimination. The Khalifa Bin Zayed Al Nahyan Foundation also announced a USD 27 mn initiative to finance micro, small, and medium enterprises.

Global partnerships also got backing: Global nonprofit Clean Rivers committed USD 20 mn for a newly launched UAE-Indonesia partnership to reduce ocean plastic pollution from Indonesia’s waterways, while the the Zayed Charitable and Humanitarian Foundation signed an MoU with the Government of Kazakhstan’s Astana City to establish a rehabilitation center for people with disabilities.

Mashreq Al Islami — the Islamic banking division of our friends at Mashreq — received seven awards at the Islamic Finance New Awards this week, among them awards for syndicated finance, real estate, sovereign and multinational, hybrid, and UAE transactions, according to a {LinkedIn post}.

UAE nuclear energy plant Barakah One received an award for its AED 8.89 bnrefinancing agreement, which converted its loans into green financing loans with the support of First Abu Dhabi Bank and Abu Dhabi Commercial Bank, Wam reports.

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