In a significant recognition of sustainable finance, the Barakah Nuclear Energy Plant’s AED 8.89 billion ($2.42 billion) refinancing has been awarded the ESG Loan Deal of the Year at the Bonds, Loans & Sukuk Middle East Awards. This landmark deal was orchestrated by Barakah One Company, a subsidiary of the Emirates Nuclear Energy Corporation (ENEC), with
The Middle East has more than doubled its renewable energy capacity over the past decade, according to the latest data from the International Renewable Energy Agency (Irena). The region’s capacity has increased from just under 16 gigawatts in 2014 to over 35 gigawatts by 2023, with Iran and the UAE taking prominent roles in this
Benoy P Jacob UAE’s Masdar, one of the world’s largest clean energy entities, and leading premium aluminium giant Emirates Global Aluminium (EGA) have taken a significant step towards sustainable industrial practices by announcing a new cooperation centred on aluminium decarbonisation. Redefining the energy footprint of the largest non-oil export from the United Arab Emirates, this