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 ...

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 ...

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 ...