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FinanceLatest News

NBK Forms Strategic Partnership with the Future Investment Initiative Institute

by Madaline Dunn
written by Madaline Dunn

The National Bank of Kuwait (NBK) and Future Investment Initiative Institute (FII Institute) have announced a strategic partnership aimed at fostering growth and driving innovation in investment within the region and beyond.

Musaad AlSudairy, CEO of NBK Wealth KSA, said that the strategic alliance will empower its clients globally and “catalyse sustainable development.” 

“Together, we are not only investing in a brighter future but also unlocking new pathways for innovation, growth, and community prosperity,” said AlSudairy.

Adding: “This partnership to address key global issues aligns perfectly with NBK’s commitment to creating meaningful impact. Collectively, we will explore actionable solutions of the future, reinforcing our shared dedication to a sustainable and prosperous future.”

Anas AlUbaid, GM of NBK KSA, outlined that by aligning efforts, the two aim to leverage their combined expertise to “generate insights and solutions” to drive sustainable growth and “improve lives” worldwide. 

“This partnership represents a significant step towards creating a more resilient and equitable future, benefiting not only our clients but also the global community,” commented AlUbaid. 

Richard Attias, CEO of FII Institute, added: “The deployment of strategic capital plays a crucial role in addressing the most pressing global challenges. Our collaboration with NBK represents a convergence of expertise and resources, advancing our collective mission to drive positive change and develop innovative solutions through our initiatives and programs.”

FII Institute is a global non-profit foundation with an investment arm centred around “Impact on Humanity” and focuses on four areas:

  • Education, 
  • Artificial Intelligence (AI) and Robotics,
  • Healthcare, and 
  • Sustainability.
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EnvironmentLatest News

CACE and GEP Form Strategic Partnership to Drive Climate Action

by Madaline Dunn
written by Madaline Dunn

The Climate Action Center of Excellence (CACE) and the Green Economy Partnership (GEP) have announced that they have formalised a comprehensive strategic partnership. 

Designed to meet 2030 Nationally Determined Contribution (NDC) targets, the initiative focuses on regional players and industries that are hard to abate. 

The two shared that by activating Article 6, they are opening new avenues for both public and private entities to partake in “significant and effective climate action.”

The partnership will concentrate on several areas: 

  • Enhancing host countries’ readiness for Internationally Transferred Mitigation Outcomes (ITMO) projects, 
  • Increasing transparency in ITMO transfers and 
  • Ensuring alignment with the sustainable development goals of all involved parties. 

This initiative is backed by the Gulf Organisation for Research and Development (GORD), the parent entity of CACE, and aims to leverage climate finance and foster a large pipeline of high-integrity ITMOs.

Dr. Yousef Alhorr, Founding Chairman of GORD, commented: “The partnership between CACE and the Green Economy Partnership exemplifies our dedication to enhancing international cooperation and supporting nations in their journey towards a greener future.”

Alexandra Soezer, Director of CACE, said: “By enhancing the capacity of host countries to deliver correspondingly adjusted ITMOs, we are paving the way for substantial environmental and economic benefits globally.”

Arthur Chirkinian, CEO of Green Economy Partnership, called the alliance “transformative,” adding: “By aligning our resources and expertise, we aim to create a ripple effect of sustainable impact, demonstrating that economic development and environmental stewardship can go hand in hand.”

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Innovation & EducationLatest News

SharpMinds Consulting Engineers officially launches in UAE

by Madaline Dunn
written by Madaline Dunn

SharpMinds Consulting Engineers, an engineering and architectural solutions provider, has officially launched in the UAE. 

It was shared that the company, which specialises in architecture, engineering, interior design, project management, and urban planning, focuses on healthcare, commercial, residential, and urban development projects, driven by sustainable, human-centred designs. 

“SharpMinds Consulting Engineers is not just another firm; it’s a linkage of innovation and sustainability aimed at enriching communities through thoughtful design and engineering to make a lasting impact,” commented stated Amir H. Greiss, Founder and CEO of SharpMinds. 

Adding: “Our vision aligns seamlessly with the UAE’s commitment to sustainable development and architectural excellence. We are excited to contribute to the nation’s growth with our forward-thinking approaches and internationally recognized expertise.”

The company’s senior leadership team has 70 years of combined local and international experience, with a diverse experience encompassing involvement in high-profile projects and collaborations with entities such as the Ministry of Health and Prevention, TAMM, Department of Health, SEHA- Abu Dhabi Health Services Company, Abu Dhabi Commercial Engineering Services, and PureHealth.

“By challenging conventional limits and incorporating resilient, sustainable practices, our multidisciplinary approach not only advances the frontier of architecture and engineering but also enhances connectivity, livability, and efficiency, setting new standards for the industry and client experience,” added Greiss.

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EnvironmentFinanceOpinion

The Role of Responsible Investing in Forex Trading: A Path Towards Sustainable Development

by Madaline Dunn
written by Madaline Dunn

In recent years, the concept of responsible investing has gained significant traction across various financial markets, including the forex market. Forex traders are increasingly recognizing the potential of their investments to make a positive impact on society and the environment while seeking financial returns. This article explores the various facets of responsible investing in forex trading and how it can contribute to sustainable development.

· Responsible Investing: Supporting Sustainable Practices:

Forex traders have the unique opportunity to invest in currencies of countries that are known for their sustainable practices. These practices may include investments in renewable energy, environmental protection efforts, and social responsibility initiatives. By choosing to support these countries through their investments, forex traders can actively contribute to advancing sustainable development goals.

Investing in currencies of countries that prioritize sustainability can have far-reaching impacts beyond financial returns. It can incentivize governments and businesses to adopt more environmentally friendly policies and practices, ultimately leading to a more sustainable future. Additionally, by directing capital towards sustainable initiatives, forex traders can play a crucial role in driving positive change on a global scale.

· Impact of Economic Policies on Sustainability:

Economic policies implemented by countries can have a direct impact on sustainability initiatives and, consequently, on forex trading dynamics. Forex traders closely monitor and analyze these policies to make informed trading decisions. Policies that promote sustainable development, such as incentives for green energy investments or carbon pricing mechanisms, may influence currency values and trading trends.

For example, countries that implement robust environmental regulations and offer incentives for renewable energy projects may experience increased demand for their currencies from investors seeking to support sustainability initiatives. Conversely, countries with lax environmental policies or high carbon emissions may face currency devaluation as investors shy away from supporting unsustainable practices.

By staying abreast of economic policies related to sustainability, forex traders can identify emerging trends and capitalize on opportunities that align with their responsible investing objectives.

· Corporate Responsibility and Forex Trading:

Many multinational corporations engage in forex trading as part of their risk management strategies to mitigate currency fluctuations. Companies that prioritize sustainability and social responsibility in their operations may present better long-term prospects, which can reflect in their stock performance and currency value.

Forex traders often consider the sustainability practices of corporations when analyzing the market. Companies with strong environmental, social, and governance (ESG) performance may be viewed more favorably by investors, leading to increased demand for their stocks and potentially their home currencies. Conversely, companies with poor ESG practices may face reputational risks and currency devaluation as investors seek more sustainable alternatives.

By incorporating corporate responsibility considerations into their trading decisions, forex traders can support companies that are committed to making a positive impact on society and the environment while potentially benefiting from their financial success.

· Ethical Considerations in Forex Trading:

In addition to financial considerations, some forex traders may include ethical considerations in their trading decisions. These traders may avoid investing in currencies of countries with poor human rights records, environmental violations, or unethical business practices. By aligning their trading activities with sustainable values, these traders can promote ethical standards in the forex market and contribute to positive change.

Furthermore, avoiding investments in countries with questionable ethical practices can help mitigate reputational risks for forex traders and uphold their commitment to responsible investing principles. By consciously choosing to support countries and companies that adhere to high ethical standards, forex traders can demonstrate their commitment to creating a more sustainable and ethical trading environment.

Conclusion

Responsible investing in forex trading offers a compelling opportunity for traders to align their financial goals with their values and contribute to sustainable development. By investing in currencies of countries with strong sustainability practices, monitoring economic policies that promote sustainability, considering corporate responsibility factors, and incorporating ethical considerations into trading decisions, forex traders can play a significant role in advancing environmental, social, and governance objectives on a global scale. As responsible investing continues to gain momentum, it is essential for forex traders to recognize their potential to drive positive change and integrate sustainability principles into their trading strategies.

By Ruggero Catalano Rossi Danielli – Co-Founder of OverviewFX

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