ABU DHABI / WAM The AED8.89 billion ($2.42 billion) refinancing of the UAE’s Barakah Nuclear Energy Plant has been selected as the ESG Loan Deal of the Year by the prestigious Bonds, Loans & Sukuk Middle East Awards. Barakah One Company, the financing and commercial subsidiary of the Emirates Nuclear Energy Corporation (ENEC), achieved groundbreaking refinancing with the participation of ...
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ABU DHABI / WAM Minister of Industry and Advanced Technology and COP28 President Dr Sultan Al Jaber addressed the ‘First Meeting of the Board of the Fund for responding to loss and damage’ and urged Parties to “build on progress” and deliver “lasting, positive, socio-economic impact” to help the most vulnerable to climate change. During his address, Dr Al Jaber ...
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RIYADH / WAM The Ministry of Finance participated in the 2024 Islamic Development Bank (IsDB) Group Annual Meetings held in Riyadh, Saudi Arabia. This year’s annual meetings coincided with the Golden Jubilee of IsDB, marking the bank’s 50th anniversary since its establishment. The Board of Governors and General Assemblies are the IsDB Group’s highest decision-making bodies. The annual meetings, held ...
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ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, received today at Qasr Al Watan in Abu Dhabi, HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah. During their meeting, the two sides engaged in fraternal discussions and deliberated on various topics ...
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FUJAIRAH / WAM H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, has issued Emiri Decree No. 2 of 2024 pertaining to the establishment of the Fujairah Business Women Council. Sheikh Hamad also issued Resolution No. 6 regarding the formation of the Board of Directors of the Fujairah Business Women Council under chairmanship of Aisha ...
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ABU DHABI / WAM Borouge Plc has reported a 37% year-on-year (YOY) increase in first-quarter net profit to $273 million on stronger pricing premia driven by a focus on high-value product segments and cost efficiencies. The company continues to demonstrate a significant competitive advantage in key growth markets in Asia Pacific, the Middle East, and Africa thanks to its premium ...
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RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received on Tuesday at his palace in the Saqr bin Mohammed City, Faisal Niaz Tirmizi, Ambassador of the Islamic Republic Pakistan to the UAE, who came to greet him. The RAK Ruler welcomed Ambassador Tirmizi and discussed with him ...
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DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, presided over the swearing-in ceremony of five judges newly appointed to the Dubai Courts. During the ceremony that took place at Emirates Towers in Dubai, His Highness Sheikh Mohammed wished the newly appointed members of the judiciary ...
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DUBAI/ WAM DP World is bolstering trade and logistics connectivity in Southeast Asia through a series of strategic investments that expand its presence and enhance supply chain management across the region. Last week, Sultan Ahmed bin Sulayem, DP World Group Chairman and CEO, toured the region, signing a significant partnership agreement in Malaysia and opening two new facilities in the ...
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ABU DHABI/ WAM S&P Global Ratings, the global credit rating agency, confirmed that the total assets of the global Islamic finance sector continue on a path of rapid growth, pointing to the sector’s accelerated growth in the UAE last year due to the strong performance of the non-oil economy. The agency added, in a recent report titled “Islamic Finance 2024-2025: ...
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