The Middle East and North Africa (Mena) region generated $24.55 billion in green and sustainable finance for 2021, a 532% year-on-year escalation, which points to a strong ESG momentum across the region, says a report by Arthur D Little.
The UAE witnessed a 32 per cent year-on-year (YoY) growth in its 2022 green and sustainable finance issuing, a new report by leading consulting firm Arthur D. Little showed.
Banking as a Service (BaaS) BaaS revenues in the Middle East should reach $28 billion by 2031, which would amount to about 17% of total banking income, said Arthur D Little (ADL), the world’s first management consulting firm.