OPEC Fund for International Development

Final day of FII7 in Riyadh sees detailed debate on AI and trillions in investments for environment unlocked ahead of COP28 summit

Retrieved on: 
Saturday, October 28, 2023
Carbon, Pirelli, Conexus Arts Centre, Global North and Global South, Reconstruction, Informatics, EVP, Blockchain.com, Biodiversity, OPEC Fund for International Development, ESG, International development, European Central Bank, FII, ACWA Power, Biotechnology, Development, Future Investment Initiative Institute, Republic, Public Investment Fund, COP, Partnership, Inclusive, AI, Investment, Robotics, Supreme Ruler Ultimate, Medical device, Management, Renewable energy, Latinx, Far East

A special AI summit was undertaken, featuring a discussion in global AI regulations featuring Dr Eric Daimler, Co-Founder & CEO of Conexus, Michael Kratsios, Managing Director of Scale AI and H.E.

Key Points: 
  • A special AI summit was undertaken, featuring a discussion in global AI regulations featuring Dr Eric Daimler, Co-Founder & CEO of Conexus, Michael Kratsios, Managing Director of Scale AI and H.E.
  • Other speakers included John Curtius, Founder Cedar Investment Management, Laurence Moroney, Lead AI Advocate and Google and Rami Qasem, EVP and Chief Commercial Officer, Beyond Limits.
  • Nicolas Carey, co-founder and Vice Chairman of Blockchain.com said "AI and the future of financial services will be highly correlated.
  • FII Institute also added two new investments to its portfolio - reaching a total of nine investments in international startups aligned with the Institute's ESG goals.

OPEC Fund Development Forum concludes with commitments to progress sustainable development

Retrieved on: 
Wednesday, June 21, 2023
OPEC Fund for International Development, Access Bank Botswana, Private sector, United Nations, Asian Development Bank, International Renewable Energy Agency, International Patient Safety Goals, Equity, Energy transition, US, Climate change, Annual report, IRENA, Bangladesh Development Forum, Climate, Growth, Food security, Partnership, Catalysis, Renewable energy

OPEC Fund Director-General Dr. Alkhalifa said: "In its second year the OPEC Fund Development Forum again provided a platform for increased collaboration and decisive action from our partners.

Key Points: 
  • OPEC Fund Director-General Dr. Alkhalifa said: "In its second year the OPEC Fund Development Forum again provided a platform for increased collaboration and decisive action from our partners.
  • We remain firmly committed to addressing pressing global issues and to extending our resources in support of sustainable development."
  • Signings and announcements during the Development Forum included:
    The OPEC Fund signed a US$20 million loan agreement with Access Bank Botswana to extend financial support to micro, small and medium-sized enterprises in the country.
  • The OPEC Fund and the Asian Development Bank signed a co-financing agreement to support Thailand's new economic model for sustainable development.

OPEC Fund Development Forum concludes with commitments to progress sustainable development

Retrieved on: 
Wednesday, June 21, 2023
OPEC Fund for International Development, Access Bank Botswana, Private sector, United Nations, Asian Development Bank, International Renewable Energy Agency, International Patient Safety Goals, Equity, Energy transition, US, Climate change, Annual report, IRENA, Bangladesh Development Forum, Climate, Growth, Food security, Partnership, Catalysis, Renewable energy

OPEC Fund Director-General Dr. Alkhalifa said: "In its second year the OPEC Fund Development Forum again provided a platform for increased collaboration and decisive action from our partners.

Key Points: 
  • OPEC Fund Director-General Dr. Alkhalifa said: "In its second year the OPEC Fund Development Forum again provided a platform for increased collaboration and decisive action from our partners.
  • We remain firmly committed to addressing pressing global issues and to extending our resources in support of sustainable development."
  • Signings and announcements during the Development Forum included:
    The OPEC Fund signed a US$20 million loan agreement with Access Bank Botswana to extend financial support to micro, small and medium-sized enterprises in the country.
  • The OPEC Fund and the Asian Development Bank signed a co-financing agreement to support Thailand's new economic model for sustainable development.

Envision Powers Central Asia's Largest Wind Development - 1 GW Bash & Dzhankeldy

Retrieved on: 
Tuesday, June 20, 2023
Asian Development Bank, Reconstruction, OPEC Fund for International Development, Envision Energy, Wind, EBRD, DEG, International Bank for Reconstruction and Development, ACWA Power, Growth, ADB, European Central Bank, Bash, Renewable energy, Envision, Proparco

TASHKENT, Uzbekistan, June 20, 2023 /PRNewswire/ -- Envision Energy, a world-leading renewable energy company, is proud to announce its pivotal role as turbine supplier for the 1 GW Bash & Dzhankeldy wind projects in Uzbekistan.

Key Points: 
  • TASHKENT, Uzbekistan, June 20, 2023 /PRNewswire/ -- Envision Energy, a world-leading renewable energy company, is proud to announce its pivotal role as turbine supplier for the 1 GW Bash & Dzhankeldy wind projects in Uzbekistan.
  • Envision Energy's EN171-6.5 wind turbines are integral to these projects' operational and financial frameworks.
  • The Bash & Djankeldy wind projects will contribute immensely to Uzbekistan's objective of installing 5000 MW of wind energy by 2030.
  • We're proud to drive renewable energy expansion in Uzbekistan and beyond, furthering the growth and sustainability of the renewable energy sector."

OPEC Fund Development Forum 2023: Unlocking synergies and funding opportunities for sustainable development

Retrieved on: 
Thursday, June 15, 2023
Private sector, United Nations, Policy, Collaboration, Woman, Climate change, United Nations Office for Disaster Risk Reduction, Equity, Columbia Business School, International development, Multilateralism, OPEC Fund for International Development, African Development Bank, Development finance institution, Agency, Head, Islamic Development Bank, TDB, Bangladesh Development Forum, French Development Agency, Partnership, Catalysis, Renewable energy

Addressing global development challenges under the over-arching theme "Driving Resilience & Equity", forum discussions will focus on opportunities to better finance sustainable development and secure transformational impact.

Key Points: 
  • Addressing global development challenges under the over-arching theme "Driving Resilience & Equity", forum discussions will focus on opportunities to better finance sustainable development and secure transformational impact.
  • With the OPEC Fund Development Forum we are demonstrating that we are committed to addressing these challenges head-on in concert with partner countries and institutions.
  • The OPEC Fund Development Forum brings together government leaders, ministers, heads of institutions, representatives from multilateral development banks, international organizations and private sector stakeholders.
  • For a full list of speakers and a detailed program, please visit the official OPEC Fund Development Forum 2023 website.

OPEC Fund Development Forum 2023: Unlocking synergies and funding opportunities for sustainable development

Retrieved on: 
Thursday, June 15, 2023
Private sector, United Nations, Policy, Collaboration, Woman, Climate change, United Nations Office for Disaster Risk Reduction, Equity, Columbia Business School, International development, Multilateralism, OPEC Fund for International Development, African Development Bank, Development finance institution, Agency, Head, Islamic Development Bank, TDB, Bangladesh Development Forum, French Development Agency, Partnership, Catalysis, Renewable energy

Addressing global development challenges under the over-arching theme "Driving Resilience & Equity", forum discussions will focus on opportunities to better finance sustainable development and secure transformational impact.

Key Points: 
  • Addressing global development challenges under the over-arching theme "Driving Resilience & Equity", forum discussions will focus on opportunities to better finance sustainable development and secure transformational impact.
  • With the OPEC Fund Development Forum we are demonstrating that we are committed to addressing these challenges head-on in concert with partner countries and institutions.
  • The OPEC Fund Development Forum brings together government leaders, ministers, heads of institutions, representatives from multilateral development banks, international organizations and private sector stakeholders.
  • For a full list of speakers and a detailed program, please visit the official OPEC Fund Development Forum 2023 website.

OPEC Fund approves over US$300 million in new financing and delivers on its Climate Action Plan

Retrieved on: 
Tuesday, March 14, 2023
International development, Investment, OPEC Fund for International Development, Water, Agriculture, Climate change, City, Growth, Climate change mitigation, Food, Climate, Development, Renewable energy

VIENNA, March 14, 2023 /PRNewswire/ --The OPEC Fund for International Development (the OPEC Fund) has approved more than US$300 million in new financing in the first quarter of 2023, reflecting the institution's commitment to fulfilling its Climate Action Plan.

Key Points: 
  • VIENNA, March 14, 2023 /PRNewswire/ --The OPEC Fund for International Development (the OPEC Fund) has approved more than US$300 million in new financing in the first quarter of 2023, reflecting the institution's commitment to fulfilling its Climate Action Plan.
  • Director-General Dr. Abdulhamid Alkhalifa said: "The OPEC Fund is proud to deliver on its climate commitments and ensure a positive impact for people and planet.
  • These efforts will aid our partners in Africa, Asia and Latin America to enhance their climate policies while boosting resilience to climate change.
  • The OPEC Fund adopted its first dedicated Climate Action Plan in September 2022.

OPEC Fund approves over US$300 million in new financing and delivers on its Climate Action Plan

Retrieved on: 
Tuesday, March 14, 2023
International development, Investment, Water, Agriculture, Climate change, City, Growth, Climate change mitigation, OPEC Fund for International Development, Food, Climate, Development, Renewable energy

VIENNA, March 14, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has approved more than US$300 million in new financing in the first quarter of 2023, reflecting the institution's commitment to fulfilling its Climate Action Plan.

Key Points: 
  • VIENNA, March 14, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has approved more than US$300 million in new financing in the first quarter of 2023, reflecting the institution's commitment to fulfilling its Climate Action Plan.
  • Director-General Dr. Abdulhamid Alkhalifa said: "The OPEC Fund is proud to deliver on its climate commitments and ensure a positive impact for people and planet.
  • These efforts will aid our partners in Africa, Asia and Latin America to enhance their climate policies while boosting resilience to climate change.
  • The OPEC Fund adopted its first dedicated Climate Action Plan in September 2022.

Masdar Inaugurates 200MW Baynouna Solar Park, the Largest of Its Kind in Jordan

Retrieved on: 
Saturday, February 25, 2023
Ministry of Industry and Advanced Technology (United Arab Emirates), Carbon, Climate change, Government, Ministry, International Finance Corporation, Tafila Wind Farm, Ministry of Energy and Mineral Resources, OPEC, Party, Climate, Baynouna Solar Power Plant, ABU, Majesty, Partnership, Western China International Expo City station, Economic development, Mineral Resources Limited, Electricity, Kilowatt-hour, International development, Korea International Cooperation Agency, History, DEG, Paris, Conference of the Parties, OFID, JICA, Conference, Japan International Cooperation Agency, United Nations Framework Convention on Climate Change, COP28, Wind, Paris Agreement, OPEC Fund for International Development, Renewable energy, Cryptocurrency, Masdar, Kingdom

The ceremony was also attended by other high-level officials from the government of Jordan and senior executives from Masdar.

Key Points: 
  • The ceremony was also attended by other high-level officials from the government of Jordan and senior executives from Masdar.
  • HE Al Jaber, said, "In partnership with the Jordanian government, the Baynouna Solar Park will contribute to Jordan's climate targets, provide access to clean energy, create jobs and ensure economic growth.
  • The plant also displaces 360,000 tonnes of carbon dioxide per year, equivalent to taking nearly 80,000 cars off the road.
  • Peter Ramsay, Chief Executive Officer, Taaleri Group, said, "We are very excited to be inaugurating the largest solar park in Jordan.

Masdar Inaugurates 200MW Baynouna Solar Park, the Largest of Its Kind in Jordan

Retrieved on: 
Saturday, February 25, 2023
Ministry of Industry and Advanced Technology (United Arab Emirates), Carbon, Climate change, Government, Ministry, International Finance Corporation, Tafila Wind Farm, Ministry of Energy and Mineral Resources, OPEC, Party, Climate, Baynouna Solar Power Plant, ABU, Majesty, Partnership, Western China International Expo City station, Economic development, Mineral Resources Limited, Electricity, Kilowatt-hour, International development, Korea International Cooperation Agency, History, DEG, Paris, Conference of the Parties, OFID, JICA, Conference, Japan International Cooperation Agency, United Nations Framework Convention on Climate Change, COP28, Wind, Paris Agreement, OPEC Fund for International Development, Renewable energy, Cryptocurrency, Masdar, Kingdom

The ceremony was also attended by other high-level officials from the government of Jordan and senior executives from Masdar.

Key Points: 
  • The ceremony was also attended by other high-level officials from the government of Jordan and senior executives from Masdar.
  • HE Al Jaber, said, "In partnership with the Jordanian government, the Baynouna Solar Park will contribute to Jordan's climate targets, provide access to clean energy, create jobs and ensure economic growth.
  • The plant also displaces 360,000 tonnes of carbon dioxide per year, equivalent to taking nearly 80,000 cars off the road.
  • Peter Ramsay, Chief Executive Officer, Taaleri Group, said, "We are very excited to be inaugurating the largest solar park in Jordan.