Sign in
TRADE-
BGN secures financing for energy exports from UAE: The Abu Dhabi Exports Office (ADEX), UAE’s Mashreq bank, and the Abu Dhabi Commercial Bank (ADCB) have inked a USD 100 mn financing facility agreement with international energy and commodities trading firm BGN, Wam reports. The USD 100 mn agreement aims to facilitate the export of energy commodities from the UAE, bolstering its position in the global energy and commodities market. The financing agreement is equipped with an accordion feature, allowing for regional banks and their international affiliates to pour in additional funding.
OTHER STORIES WORTH KNOWING THIS MORNING-
- Turkey’s ECS + UAE’s WTCI to boost bilateral trade: The UAE’s Expo Centre Sharjah and Turkey’s World Trade Center Istanbul have agreed to expand cooperation to jointly organize events, conferences, and trade fairs. (WAM)
