What must banks consider when adapting their organisation and activities to environmental, social and governance (ESG) principles?
The Middle East Economy
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An improved business climate, significant government stimulus and cheap finance helped to create a record year for mergers and acquisitions (M&A) in 2021, with global activity reaching an all-time high.
Sharjah entered the pandemic period in a resilient position thanks to a highly diversified and digitalised economy supported by strong fundamentals at the national level.
On the back of higher oil prices and a stronger global economic environment, the Middle East returned to growth in 2021, with a number of governments taking the opportunity to implement long-term plans aimed at diversification and modernisation.
In a year in which significant political efforts have been made to speed up the energy transition, 2021 has also been record-breaking for green finance, as governments, international institutions and lenders alike seek to support the shift towards renewables.