ABU DHABI / WAM The central bank of the United Arab Emirates (CBUAE) and the central bank of the Republic of Turkey (CBRT) on Wednesday announced the establishment of a bilateral currency swap agreement between the UAE dirham (AED) and the Turkish lira (TRY). The nominal size of this swap agreement is mutually AED18 billion ($4.90 billion) and TRY ...

  ABU DHABI / WAM Masdar City, Masdar’s pioneering sustainable urban development in Abu Dhabi, through its Masdar Green Real Estate Investment Trust (Reit), signed a financing commitment in the amount of $200 million with First Abu Dhabi Bank (FAB) relating to financing of the Reit portfolio to facilitate further acquisitions and portfolio growth. FAB will act as sole mandated ...

  ABU DHABI / WAM The Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi will prevent more carbon emissions than previously expected. This was announced during Abu Dhabi Sustainability Week, showcasing the essential role that nuclear energy plays in combating climate change and promoting sustainable development in the UAE and around the world. New data made ...