The UAE Banks Federation (UBF) has disclosed that six major banks, including the First Abu Dhabi Bank, the Abu Dhabi Commercial Bank, the Emirates NBD, the Dubai Islamic Bank, Mashreq, and the Abu Dhabi Islamic Bank, have collectively channeled over AED190 billion (~$51.72 billion) into green financing for projects involving renewable energy, waste-to-energy, and green technology as of 2022.