Oman Arab Bank (OAB) has signed a Memorandum of Understanding (MOU) with First Carbon Investments (FCI) to accelerate the deployment of new clean technologies in the MENA region.
Under the terms of the MoU, OAB will explore financing projects identified by FCI to advance purchase carbon credits that help accelerate the viability of new green fuels such as hydrogen, ammonia and biofuels, the two companies said in a joint press statement.
FCI has developed a platform to accelerate the…
