As part of its strategic commitment to Environmental, Social, and Governance (ESG) sustainability standards, and in line with its ongoing efforts in sustainable financing across Palestine, Arab Bank announced the full financing of the “Noor Tubas” solar power project; located in the Governorate of Tubas and Northern Valleys. The financing covered all stages of the project, from inception through to full operations generating capacity of 24 megawatts, establishing it as the largest solar power plant of its kind in Palestine.  

The announcement coincided with the official inauguration of the plant, which was held in the presence of His Excellency Prime Minister Dr. Mohammad Mustafa, and His Excellency Engineer Ayman Ismail, the Chairman of the Palestinian Energy and Natural Resources Authority, alongside a number of Ministers and representatives from the public and private sectors, and the farming community. Official speeches underscored the strategic significance of this vital project and highlighted Arab Bank’s pivotal role as a key financing partner since the project’s launch, reflecting its confidence throughout all stages until it became an operational national project serving the community and the national economy.

Commenting on the project, Dr. Jamal Hourani, Arab Bank’s Palestine Country Manager, said: “We are proud to have financed “Noor Tubas” project from its early stages, as it represents a leading example of large-scale green financing projects aligned with the bank’s commitment to ESG standards. We believe that the role of the banking sector extends beyond traditional financing to empowering strategic projects that deliver sustainable impact on economic, social and environmental levels. This also safeguards energy, supports farmers and benefits local communities.”

Dr. Hourani added that the project reflects Arab Bank’s belief that national projects are capable of driving sustainable change, reaffirming the bank’s commitment to expanding its sustainable finance portfolio and continuing to support renewable energy initiatives and green infrastructure projects, thereby accelerating the transition towards a green economy.

The founders and owners of “Noor Tubas” project expressed their appreciation for Arab Bank’s trust in this key investment from its early stages. They noted that the financing provided by Arab Bank was a decisive factor in transforming the idea into a leading national project that serves farmers, promotes sustainability and contributes to reducing agricultural production costs

“Noor Tubas” project stands as a clear example of effective partnership between the banking sector and productive industries. This aims at reducing reliance on conventional energy sources, supporting the transition to clean energy, and enhancing energy stability.

It is worth noting that Arab Bank is one of the leading banks locally and regionally for its commitment to responsible sustainable financing and the implementation of ESG standards, as well as for adopting advanced banking solutions and services in line with the latest industry developments. In 2025, Arab Bank was acknowledged with several regional awards for sustainability and corporate social responsibility, further underscoring the bank’s role as an active partner in major development projects, promoting sustainable growth and community service, in line with its vision towards building a more resilient and sustainable economy for future generations.

Arab Bank has recently launched a new promotional campaign targeting both existing and new Arab Bank credit cardholders, under the title “Your Year is on Us”, offering a range of valuable prizes and benefits. The campaign aligns with the bank’s strategy to enhance digital banking services and elevate the cardholders’ experience when using Arab Bank credit cards for purchases and payments through various channels, to meet different spending patterns.

The launch of the campaign coincides with the beginning of the New Year, reflecting Arab bank’s focus on addressing customers’ diverse needs and aspirations, including shopping, travel, paying tuition fees and settling various bills. It enables cardholders to make secure and seamless electronic payments using their credit cards, whether locally, internationally or via online shopping platforms. The campaign also gives customers the opportunity to benefit from exclusive offers and privileges, adding further value to their banking experience.

The campaign includes a draw for 60 prizes throughout the campaign period, which runs until the end of 2026, with five winners selected each month. Each winner will receive 100% cashback capped at USD500, when using their Arab Bank credit card for purchases totaling USD200 or more. The campaign also features a draw for three grand prizes at the end of the campaign; each valued at USD 20,000, for customers whose total credit card spending reaches USD1,000 or more during the campaign period.

Commenting on the launch of the new campaign, Mr. Wael Al-Khatib, Head of Consumer Banking at Arab Bank – Palestine, said: “This campaign aligns with the bank’s digital transformation strategy aimed at providing our customers with innovative and secure payment solutions that enhance their day-to-day banking experience.” He added: “The campaign reflects the bank’s commitment to expanding the use of electronic payment methods, positioning credit cards as a practical, convenient, and secure payment option.” He also noted that launching the campaign at the start of the New Year is a gesture of appreciation for customers’ trust in the bank and a way of rewarding them with exclusive offers and high-value prizes.

It is worth noting that Arab Bank offers a wide range of credit cards designed to meet customers’ different needs, with numerous benefits including flexible repayment options through monthly installments at interest rates of up to  0%, under the “Buy Now, Pay Later” programme, in addition to an attractive rewards scheme through the Arabi Points programme, and extensive local and international acceptance, providing greater flexibility of use and keeping pace with changing lifestyles.