The 12th World Green Economy Summit in Dubai reported that GCC green bonds and sukuk reached $73 billion. GCC ESG issuance represented roughly 40 percent of emerging market US-dollar ESG debt outside China in early 2026. Multilateral lenders highlighted the UAE's capacity to finance industrial decarbonisation and green hydrogen exports.
The UAE Ministry of Human Resources and Emiratisation onboarded seven new financial institutions to broaden Wages Protection System channels. The platform transitioned entirely to digital verification, removing physical documentation requirements for salary file registration.
The 12th World Green Economy Summit concluded at the Dubai World Trade Centre, gathering policymakers, lenders, and industry leaders to discuss industrial decarbonisation and sustainable finance. According to Fitch Ratings, outstanding green sukuk and bonds across the GCC reached $73 billion, representing about 40 percent of emerging market US-dollar ESG debt issued in the first nine months of 2026, excluding China. Speakers emphasised that predictable policies, capital availability, and low-carbon industrial exports provide the UAE with a distinct competitive edge.
Abu Dhabi National Energy Company (TAQA) has priced a $1.75 billion dual-tranche bond offering comprising green and conventional notes, achieving oversubscription of more than three times. The deal marks the first public benchmark bond by an Abu Dhabi government-related entity since March 2026. China's ICBC served among the joint bookrunners and lead managers alongside regional and international banks.
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