{"id":76716,"date":"2024-02-13T00:00:00","date_gmt":"2024-02-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/02\/13\/bgn-secures-usd-100-mn-facility-for-uae-energy-exports\/"},"modified":"2024-02-13T00:00:00","modified_gmt":"2024-02-13T00:00:00","slug":"bgn-secures-usd-100-mn-facility-for-uae-energy-exports","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/02\/13\/bgn-secures-usd-100-mn-facility-for-uae-energy-exports\/","title":{"rendered":"BGN secures USD 100 mn facility for UAE energy exports"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>BGN<\/strong><strong> secures <\/strong><strong>financing for energy exports from UAE:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.adex.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi Exports Office<\/a> (ADEX), UAE\u2019s <a target=\"_blank\" href=\"https:\/\/digital.mashreqbank.com\/onlinebanking\/\" style=\"\" rel=\"noopener\">Mashreq bank<\/a>, and the <a target=\"_blank\" href=\"https:\/\/www.adcb.com\/en\/personal\/\" style=\"\" rel=\"noopener\">Abu Dhabi Commercial Bank<\/a> (ADCB) have inked a USD 100 mn financing facility agreement with international energy and commodities trading firm <a target=\"_blank\" href=\"https:\/\/bgn-int.com\/?gclid=Cj0KCQiAoKeuBhCoARIsAB4WxtftkJ1w0r0weCw-Q2-CzcdSMkOcQO_pBAqFAim_0vlYmtD14CAPalQaAgD9EALw_wcB\" style=\"\" rel=\"noopener\">BGN<\/a>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13rgje9-abu-dhabi-exports-office-mashreq-adcb-provide\" style=\"\" rel=\"noopener\">Wam<\/a> 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. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Turkey\u2019s <\/strong><strong>ECS + UAE\u2019s WTCI to boost bilateral trade<\/strong><strong>:<\/strong> The UAE\u2019s Expo Centre Sharjah and Turkey\u2019s World Trade Center Istanbul have agreed to expand cooperation to jointly organize events, conferences, and trade fairs. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1lzz33-expo-centre-sharjah-world-trade-centre-istanbul\" style=\"\" rel=\"noopener\">WAM<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>TRADE- BGN secures financing for energy exports from UAE: The Abu Dhabi Exports Office (ADEX), UAE\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":76717,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[63],"tags":[62,32,231,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-trade","tag-turkey","tag-uae","wpautop","entry"],"acf":{"mongo_id":"45caeb67-f263-466c-b6d5-22a2a6da433f","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/993.jpg","photo_position":"above","homepage_title":"","full_issue_title":"BGN secures USD 100 mn facility for UAE energy exports","related_issue":[76701],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.93cd7879-4f6f-41d6-91be-3b7d11f49814.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BGN secures USD 100 mn facility for UAE energy exports - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/13\/bgn-secures-usd-100-mn-facility-for-uae-energy-exports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BGN secures USD 100 mn facility for UAE energy exports\" \/>\n<meta property=\"og:description\" content=\"TRADE- BGN secures financing for energy exports from UAE: The Abu Dhabi Exports Office (ADEX), UAE\u2019s 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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/13\/bgn-secures-usd-100-mn-facility-for-uae-energy-exports\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-13T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/993.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/13\/bgn-secures-usd-100-mn-facility-for-uae-energy-exports\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/13\/bgn-secures-usd-100-mn-facility-for-uae-energy-exports\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"BGN secures USD 100 mn facility for UAE energy exports\",\"datePublished\":\"2024-02-13T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/13\/bgn-secures-usd-100-mn-facility-for-uae-energy-exports\/\"},\"wordCount\":143,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/13\/bgn-secures-usd-100-mn-facility-for-uae-energy-exports\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/993.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"trade\",\"Turkey\",\"UAE\"],\"articleSection\":[\"Also on Our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/13\/bgn-secures-usd-100-mn-facility-for-uae-energy-exports\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/13\/bgn-secures-usd-100-mn-facility-for-uae-energy-exports\/\",\"name\":\"BGN secures USD 100 mn facility for UAE energy exports - 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