{"id":89969,"date":"2024-03-13T00:00:00","date_gmt":"2024-03-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/barakah-ones-aed-8-89-bn-refinancing-gets-green-loan-label\/"},"modified":"2024-03-13T00:00:00","modified_gmt":"2024-03-13T00:00:00","slug":"barakah-ones-aed-8-89-bn-refinancing-gets-green-loan-label","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/barakah-ones-aed-8-89-bn-refinancing-gets-green-loan-label\/","title":{"rendered":"Barakah One\u2019s AED 8.89 bn refinancing gets green loan label"},"content":{"rendered":"<p class=\"tag-border-left\"> DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Barakah One\u2019s AED 8.89 bn refinancing for its 5.6 GW nuclear energy plant has been <\/strong><strong>recognized as a green loan <\/strong>in a nod to the plant\u2019s contribution to the UAE\u2019s green economy, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/barakah-nuclear-energy-plant-receives-recognition-as-first-green-loan-facility-in-asia-and-africa-and-second-globally\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The classification is the first in Asia and Africa for a nuclear plant, and second globally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.enec.gov.ae\/\" style=\"\" rel=\"noopener\">Emirates Nuclear Energy Corporation\u2019s (Enec)<\/a> financing and commercial subsidiary refinanced its existing loans for the plant with Abu Dhabi Commercial Bank and First Abu Dhabi Bank in <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/barakah-one-company-completes-barakah-nuclear-energy-plant-refinancing-with-uae-banking-partners\/\" style=\"\" rel=\"noopener\">July 2023<\/a> to convert the facilities into green loan financing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e9e05015-e190-4d71-a2ac-50c9f2c0f60d\" style=\"\" rel=\"noopener\">Earlier this month<\/a>, Enec\u2019s operating and maintenance subsidiary Nawah Energy Company started up the plant\u2019s fourth unit. The fourth unit has generated more than 60GWh of clean electricity. After starting full commercial operations later this year, the plant expects to offset some 22.4 mn tonnes of emissions with 40 TWh of generated electricity annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #1-<\/strong><strong>UAE to launch Blue Pass platform for maritime sector:<\/strong> The Energy and Infrastructure Ministry has inked an agreement with technology and digital services company NeoNautica to develop and operate the UAE <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/details\/1395303157326\" style=\"\" rel=\"noopener\">Blue Pass platform<\/a>, which provides facilities for the maritime sector, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13t6p1g-ministry-energy-and-infrastructure-collaborates\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The platform offers maritime companies within the UAE and commercial ships at UAE ports with a package of privileges to promote the sector\u2019s attractiveness to investors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/\" style=\"\" rel=\"noopener\">DP World<\/a><\/strong><strong> has added upwards of 100 offices to its global freight forwarding <\/strong><strong>network, <\/strong>with Miami being the latest location to open, as the outfit looks to offer flexible and resilient supply chain solutions to clients worldwide, against a backdrop of increased disruptors to trade from climate change, geopolitical turmoil, and macroeconomic shocks, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b23uyr9-world-launches-global-freight-forwarding-network\" style=\"\" rel=\"noopener\">Wam<\/a> reported. DP World\u2019s freight forwarding network assists in the movement of some 10% of global trade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Etihad, GCAA roll out aviation emission reduction framework:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.gcaa.gov.ae\/en\/Pages\/home.aspx\" style=\"\" rel=\"noopener\">General Civil<\/a><a target=\"_blank\" href=\"https:\/\/www.gcaa.gov.ae\/en\/Pages\/home.aspx\" style=\"\" rel=\"noopener\">Aviation Authority<\/a> (GCAA) inked an MoU with <a target=\"_blank\" href=\"https:\/\/www.google.com\/aclk?sa=l&ai=DChcSEwiSnI2u2-6EAxX9MAYAHXtyAJwYABAAGgJ3cw&ase=2&gclid=Cj0KCQjw-r-vBhC-ARIsAGgUO2CKIXBlgmRkBWFDjDIJCn7kcYTLY8XkRB4roJ4ozjl4M-k8Vv-iW_oaAsRQEALw_wcB&sig=AOD64_3zOLZN3gItLDsWFIxkPwvFsKZP4w&q&nis=4&adurl&ved=2ahUKEwiAkoWu2-6EAxUb_7sIHTYsCqsQ0Qx6BAgGEAE\" style=\"\" rel=\"noopener\">Etihad Airways<\/a> and French aerospace tech provider <a target=\"_blank\" href=\"https:\/\/www.thalesgroup.com\/en\/aerospace\" style=\"\" rel=\"noopener\">Thales<\/a> to implement Thales\u2019 orchestrator for eco-friendly trajectories solutions aimed at advancing environmental sustainability in the aviation sector, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/gcaa-etihad-airways-and-thales-set-a-collaborative-framework-for-optimising-flight-operations-rdmhn02a\" style=\"\" rel=\"noopener\">press release<\/a>. Thales\u2019 service allows passengers to optimize their flight plans by choosing more efficient plans and adjusting their flight profiles. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- dnata receives CEIV accreditation for lithium battery handling: <\/strong>dnata was granted the International Air Transport Association\u2019s Centre of Excellence for Independent Validators (CEIV) accreditation for its safe handling of lithium batteries, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/March\/12-03\/dnata-lithium-battery-certification\" style=\"\" rel=\"noopener\">statement<\/a>. The accreditation makes dnata the first ground services provider to attain certification for all 11 of its worldwide stations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aman Group debuts in UAE with Aman Dubai:<\/strong> Swiss-based hospitality group <a target=\"_blank\" href=\"http:\/\/aman.eg\/ar\/\" style=\"\" rel=\"noopener\">Aman<\/a> is set to open its first hotel in Dubai through a partnership with UAE-based real estate investment company <a target=\"_blank\" href=\"https:\/\/www.brightstart.ae\/\" style=\"\" rel=\"noopener\">Bright Start<\/a> and real estate developer <a target=\"_blank\" href=\"https:\/\/www.h-h.ae\/\" style=\"\" rel=\"noopener\">H&H Development<\/a>, according to its <a target=\"_blank\" href=\"https:\/\/www.aman.com\/resorts\/aman-dubai\" style=\"\" rel=\"noopener\">website<\/a>. The project, set to open its doors within three years, will be located in Jumeirah 2 and will include Aman-branded residences, a 2k sqm spa, restaurants, and an Aman club. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You can now use your digital wallet to make purchases at Dubai Dutyfree<\/strong> (DDF), thanks to a partnership between DDF and TerraPay, <a target=\"_blank\" href=\"https:\/\/thefintechtimes.com\/terrapay-eyes-financial-inclusion-at-large-scale-enabling-digital-wallets-at-dubai-duty-free\/\" style=\"\" rel=\"noopener\">the Fintech Times<\/a> reports. The partnership allows DDF to tap into TerraPay\u2019s network, covering over 2.2 bn mobile wallets globally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> EDUCATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.uaeu.ac.ae\/en\/\" style=\"\" rel=\"noopener\">United Arab Emirates University<\/a><\/strong><strong> inaugurated the first genetic counseling <\/strong><strong>master\u2019s program in the UAE<\/strong>,with support from <a target=\"_blank\" href=\"https:\/\/www.doh.gov.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi\u2019s Department of Health<\/a>, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13t6p1s-uaeu-offers-first-genetic-counselling-master%E2%80%99s\" style=\"\" rel=\"noopener\">Wam<\/a>. The two-year program is being offered at the university\u2019s college of medicine and health sciences under the genetics and genomics department, and aims to improve clinical counseling capabilities across several genetic disorders, including pediatric genetic assessment, prenatal diagnosis, cancer, and adult genetics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: More sustainability initiatives from dnata and Etihad airways, and logistics news from DP World and NeoNautica<\/p>\n","protected":false},"author":1,"featured_media":89970,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[1552],"tags":[47,306,539,68,244,87,313,7,79,477,99],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-aviation","tag-barakah-nuclear-plant","tag-debt-watch","tag-dp-world","tag-dubai","tag-education","tag-enterpriseam-uae","tag-fintech","tag-hospitality","tag-logistics","wpautop","entry"],"acf":{"mongo_id":"ad13b83b-8291-4c4e-8fec-3c3ca5d88c2d","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/184.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Barakah One\u2019s AED 8.89 bn refinancing gets green loan label","related_issue":[89956],"teaser":"Plus: More sustainability initiatives from dnata and Etihad airways, and logistics news from DP World and NeoNautica","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.76943cce-a7ce-4ee1-9255-2d9ad2495c2e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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